For sale

$325,000

8743 Thomas Dr Unit 1408, Panama City Beach, FL 32408

1beds

740sqft

$2,857/mo

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Condominium

Built in 1984

-- sqft lot

$308,100 Zestimate^®

$439/sqft

$748/mo HOA

What's special

Direct beach accessTennis courtsKing bedroomBreathtaking gulf viewsHallway bunksSleeper sofaPrivate beachfront balcony

Fully Remodeled & Turnkey Gulf-Front Vacation Rental! This beautifully updated 14th-floor condo at The Summit offers breathtaking Gulf views and is rental-ready from day one. Sold fully furnished, this spacious 1BR/1.5BA comfortably sleeps up to 5 guests with a king bedroom, hallway bunks, sleeper sofa, a modern fully equipped kitchen, and a private beachfront balcony. The Summit is one of Panama City Beach's most sought-after resorts, featuring two beachfront pools, hot tubs, tennis courts, a fitness center, on-site dining, a convenience store, and direct beach access. Ideally located on Thomas Drive, just minutes from restaurants, shopping, entertainment, and St. Andrews State Park. Whether you're searching for a proven investment property or your own beachfront escape, this fully remodeled, turnkey condo is ready for you!

27 days
273
35

Facts & features

Interior

Bedrooms & bathrooms

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

Rooms

Room types: Primary Bedroom

Primary bedroom

Level: First
Dimensions: 15 x 11

Heating

Central, Electric

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Electric Oven, Electric Range, Electric Water Heater

Features

Main Level Primary, Tub Shower

Interior area

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

Property

Parking

Parking features: Parking Lot, Gated

Features

Stories: 15
Patio & porch: Balcony
Pool features: In Ground, Community
Spa features: Community
Has view: Yes
View description: Gulf
Has water view: Yes
Water view: Gulf
Waterfront features: Gulf, Shoreline - Sand

Lot

Features: Paved

Details

Parcel number: 30236410000
Zoning description: Resid Single Family
Special conditions: Listed As-Is

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

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Electricity Available

Community & HOA

Community

Features: Barbecue, Elevator, Fitness Center, Game Room, Laundry Facilities, Pool, Sauna, Community Pool, Gated, Short Term Rental Allowed
Security: Building Security, Gated Community, Security Gate, Smoke Detector(s), Security Service
Subdivision: The Summit

HOA

Has HOA: Yes
Amenities included: Beach Rights, Game Room, Gated, Barbecue, Sauna
Services included: Association Management, Cable TV, Fitness Facility, Insurance, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Security, Trash, Water
HOA fee: $2,243 quarterly

Location

Region: Panama City Beach

Financial & listing details

Price per square foot: $439/sqft
Tax assessed value: $307,700
Annual tax amount: $3,451
Date on market: 8/4/2026
Electric utility on property: Yes

Estimated market value

$308,100

$293,000 - $324,000

$1,634/mo

Price history

Date	Event	Price
8/4/2026	Listed for sale	$325,000+55.5%$439/sqft
Source: CPAR #793544 Report a problem
6/26/2019	Sold	$209,000$282/sqft
Source: CPAR #674210 Report a problem
5/8/2019	Listed for sale	$209,000+5.8%$282/sqft
Source: Counts Real Estate Group Inc #674210 Report a problem
10/30/2018	Listing removed	$197,500$267/sqft
Source: Counts Real Estate Group Inc #674210 Report a problem
10/19/2018	Listed for sale	$197,500$267/sqft
Source: Counts Real Estate Group Inc #674210 Report a problem
9/16/2018	Listing removed	$197,500$267/sqft
Source: Counts Real Estate Group Inc #674210 Report a problem
7/19/2018	Listed for sale	$197,500-31.9%$267/sqft
Source: Counts Real Estate Group Inc #674210 Report a problem
6/21/2005	Sold	$290,000+65.7%$392/sqft
Source: Public Record Report a problem
7/29/2003	Sold	$175,000$236/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,515 +7.4%	$230,399 +10%
2023	$3,274 +22.5%	$209,454 +10%
2022	$2,672	$190,413
2021	--	--
2020	$2,041 +49.5%	$164,900 +58.4%
2019	$1,365	$104,125 -22%
2018	$1,365 -20.2%	$133,450 +3%
2017	$1,710 +14%	$129,625 +7.1%
2016	$1,500 +6.7%	$121,055 +10%
2015	$1,406	$110,050 +10%
2014	$1,406	$100,045 +10%
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