For sale

$279,900

8743 Thomas Dr Unit 1318, Panama City Beach, FL 32408

1beds

740sqft

$2,565/mo

Get pre-qualified

Condominium

Built in 1984

-- sqft lot

$259,900 Zestimate^®

$378/sqft

$748/mo HOA

What's special

Lowest-Priced Gulf-Front Condo at The Summit - Only $279,900! Don't miss this rare opportunity to own the lowest-priced unit currently on the market at The Summit! Priced at just $279,900, this 13th-floor Gulf-front condo offers amazing views of the sugar-white sand and emerald-green waters from your private balcony. The Summit features resort-style amenities, including two beachfront pools, a tiki bar on the pool deck, hot tubs, tennis courts, a fitness center, and direct beach access. This is the perfect vacation retreat, second home, or short-term rental investment.

405 days
312
21

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Rooms

Room types: Bedroom, Kitchen, Living Room

Bedroom

Level: First
Dimensions: 15 x 11

Kitchen

Level: First
Dimensions: 9 x 7

Living room

Level: First
Dimensions: 18 x 15

Interior area

Total structure area: 740
Total interior livable area: 740 sqft

Property

Features

Patio & porch: Balcony
Pool features: Community
On waterfront: Yes
Waterfront features: Gulf

Details

Parcel number: 30236388000

Construction

Type & style

Home type: Condo
Architectural style: High Rise
Property subtype: Condominium
Attached to another structure: Yes

Condition

New construction: No
Year built: 1984

Community & HOA

Community

Features: Community Pool, Short Term Rental Allowed
Subdivision: Summit

HOA

Has HOA: Yes
Amenities included: Gated, Barbecue, Picnic Area, Spa/Hot Tub
Services included: Fitness Facility, Pool(s), Security, Trash
HOA fee: $2,243 quarterly

Location

Region: Panama City Beach

Financial & listing details

Price per square foot: $378/sqft
Tax assessed value: $307,700
Annual tax amount: $3,535
Date on market: 7/23/2026
Cumulative days on market: 387 days

Estimated market value

$259,900

$247,000 - $273,000

$1,634/mo

Price history

Date	Event	Price
7/22/2025	Listed for sale	$279,900+24.4%$378/sqft
Source: CPAR #776617 Report a problem
7/7/2006	Sold	$225,000+40.6%$304/sqft
Source: Public Record Report a problem
7/7/2003	Sold	$160,000$216/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,535 +8%	$307,700 +46.9%
2023	$3,274 +22.5%	$209,454 +10%
2022	$2,672	$190,413
2021	--	--
2020	$950 +3.7%	$99,928 +0.4%
2019	$917	$99,537 +1.9%
2018	$917 +1%	$97,681 +2.1%
2017	$907 +26.7%	$95,672 +2.1%
2016	$716 +0.5%	$93,704 +0.7%
2015	$713	$93,053 +0.8%
2014	$713	$92,314 +1.5%
2013	--	$90,950 +1.4%
2012	--	$89,675 -9%
2011	--	$98,558 -17.2%
2010	--	$119,000 -7.9%
2009	--	$129,200 -20%
2008	--	$161,500 -12.4%
2007	--	$184,450 -24.7%
2006	--	$245,001
2005	--	$245,001 +75%
2004	--	$140,001 +31.7%
2003	--	$106,301
2002	--	$106,301 +33.5%
2001	--	$79,600
2000	--	$79,600