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For sale
  • Price cut: $10K (8/8)
    $339,900

    8743 Thomas Dr Unit 209, Panama City Beach, FL 32408

    1beds
    740sqft
    : 
    $2,954/mo
    Get pre-qualified
    Condominium
    Built in 1984
    -- sqft lot
    $325,900 Zestimate®
    $459/sqft
    $748/mo HOA

    What's special

    Fully renovatedDirect private beach accessBeautifully updated throughoutGranite kitchenKing bedroomHis-and-hers saunasIn-unit washer and dryer
    $56,765 in revenue July '25 to June '26: a 16.3% ROI on the asking price! One of the strongest-earning 1-bedrooms at The Summit, this fully renovated, direct-beachfront 1BR/2BA pairs strong income with a feature that is almost impossible to find on the sand: a low, 2nd-floor location. There are no elevator waits - guests simply take the stairs and they are on the beach in seconds. The Gulf and the resort pools sit at near-eye level from the private beachfront balcony, and it is the single most praised detail across years of five-star reviews. It is also exactly why 209 out-earns Summit units on the floors above it. Beautifully updated throughout, the condo features wood-look plank flooring, a granite kitchen with glass-tile backsplash, stainless appliances and a dishwasher, refreshed bathrooms, and a smart Nest thermostat. A king bedroom, a queen sleeper sofa, a built-in twin-over-twin bunk nook the kids love, and two comfortable recliners let it sleep five. An in-unit washer and dryer plus new sliding glass doors complete a true turnkey package. The timing could not be better: the new Tootsie's just opened next door in the legendary former Spinnaker Beach Club and it is already packed, pulling fresh nightlife and foot traffic straight to the resort. The Summit offers two Gulf-front pools (one seasonally heated) and two children's pools, two outdoor and one indoor hot tub, his-and-hers saunas, a fitness center, tennis and pickleball, shuffleboard, a poolside tiki bar, the on-site Bar & Grill, and gated 24-hour security with direct private beach access. With established Airbnb and VRBO listings and a loyal base of repeat guests, this condo has a proven track record of success, and about 17% of its revenue already comes from direct and repeat bookings, well above the Panama City Beach market average. As an added bonus, the seller's revenue consultant will personally assist the buyer in expanding the property's direct-booking strategy through modern AI, automation, and data-driven revenue management techniques. The income is the headline, and the rare 2nd floor is the edge no higher unit can match. Full rent roll available to qualified buyers.
    68 days
    106
    7

    Zillow last checked:

    Listing updated:

    Listed by:

    Gleb Alikhver 404-933-7966,

    Alikhver Realty

    Source: CPAR,MLS#: 791704MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Bedroom
      Bedroom
      • Description: Condo
      • Level: Second
      • Dimensions: 0 x 0
      Interior area
      • Total structure area: 740
      • Total interior livable area: 740 sqft

      Property

      Features
      • Stories: 15
      • Pool features: Community
      • On waterfront: Yes
      • Waterfront features: Gulf
      Details
      • Parcel number: 30236027000

      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

      • Utilities for property: Cable Connected

      Community & HOA

      Community
      • Features: Community Pool, Short Term Rental Allowed
      • Subdivision: The Summit
      HOA
      • Has HOA: Yes
      • Amenities included: Business Center, Game Room, Sauna, Spa/Hot Tub
      • Services included: Fitness Facility, Internet, Pool(s), Tennis Courts, Trash
      • HOA fee: $2,245 quarterly
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $459/sqft
      • Tax assessed value: $307,700
      • Annual tax amount: $3,948
      • Date on market: 6/22/2026
      • Cumulative days on market: 69 days

        Estimated market value

        $325,900

        $310,000 - $342,000

        $1,634/mo

        Price history

        DateEventPrice
        8/8/2026Price change$339,900-2.9%$459/sqft
        Source: CPAR #791704 Report a problem
        6/26/2026Price change$349,900+0.3%$473/sqft
        Source: CPAR #791704 Report a problem
        6/22/2026Listed for sale$349,000$472/sqft
        Source: CPAR #791704 Report a problem
        12/13/2025Listing removed$349,000$472/sqft
        Source: CPAR #781631 Report a problem
        11/14/2025Listed for sale$349,000-12.5%$472/sqft
        Source: CPAR #781631 Report a problem
        5/6/2023Listing removed--
        Source: CPAR #740728 Report a problem
        4/28/2023Listed for sale$399,000+37.6%$539/sqft
        Source: CPAR #740728 Report a problem
        2/11/2022Sold$290,000-5.7%$392/sqft
        Source: CPAR #713836 Report a problem
        1/4/2022Pending sale$307,500$416/sqft
        Source: CPAR #713836 Report a problem
        11/28/2021Listed for sale$307,500+86.9%$416/sqft
        Source: CPAR #713836 Report a problem
        10/9/2015Listing removed$164,500$222/sqft
        Source: Jim Free Realty LLC #622349 Report a problem
        7/20/2014Listed for sale$164,500$222/sqft
        Source: Jim Free Realty #622349 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,948 +6.3%$307,700 +7.1%
        2023$3,712 +26.5%$287,215 +16.5%
        2022$2,935 $246,500
        2021-- --
        2020$1,980 +11.7%$146,795 +3.9%
        2019$1,772 $141,312 +5.9%
        2018$1,772 +3.6%$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
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32408

        Getting around

        35 / 100
        Car-Dependent
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Breakfast Point
        • Middle: Breakfast Point
        • High: Arnold

        Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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