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Sold for $300,000
  • $300,000

    8743 Thomas Dr Unit 227, Panama City Beach, FL 32408

    1beds
    740sqft
    Condominium
    Built in 1984
    -- sqft lot
    $282,100 Zestimate®
    $405/sqft
    $1,708 Estimated rent

    Home value

    $282,100

    $268,000 - $296,000

    $1,708/mo

    Zestimate® history
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    What's special

    Direct beach accessTwo huge beachfront poolsTennis courtsUnbeatable gulf viewUpdated interiorsTiki barGame room
    This 1-bedroom, 1.5-bath unit at The Summit delivers exactly what investors want: an unbeatable Gulf view, updated interiors, and a location that's about to explode in value. Step inside to LVP flooring throughout, a bright open layout, and a private balcony overlooking the sugar-white sand and emerald water. It sleeps great, rents easily, and stays booked—exactly what Summit buyers chase. The Summit is loaded with amenities: two huge beachfront pools, indoor hot tubs, a tiki bar, Bikini Bob's café, tennis courts, fitness center, sauna, game room, on-site security, laundry facilities, and direct beach access. Families, snowbirds, and spring/summer travelers love this place year after year. Location just got even hotter—Tootsies is being built right next door on Thomas Drive, instantly making this one of the most desirable ''walk-to-everything'' spots on the east end. Between nightlife, dining, the beach, and Summit's proven ROI history, Unit 227 is a no-brainer investment. If you want a high-demand Gulf-front rental at a price point that still makes sense, this is it.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sandi Smith 229-326-2998,

    Dalton Wade Inc

    Bought with:

    Lexi L Hinson

    Legacy Premier Agency

    Source: CPAR,MLS#: 782447MLS 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, Living Room
    Bedroom
    • Dimensions: 15 x 11
    Living room
    • Dimensions: 17 x 15
    Interior area
    • Total structure area: 740
    • Total interior livable area: 740 sqft

    Property

    Parking
    • Parking features: Garage
    • Has garage: Yes
    Features
    • Pool features: Community
    • On waterfront: Yes
    • Waterfront features: Gulf
    Details
    • Parcel number: 30236045000
    • 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

    • Utilities for property: Electricity Available

    Community & HOA

    Community
    • Features: Community Pool, Short Term Rental Allowed
    • Subdivision: The Summit
    HOA
    • Has HOA: Yes
    • Amenities included: Beach Rights, Game Room, Gated, Barbecue, Spa/Hot Tub
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $405/sqft
    • Tax assessed value: $307,700
    • Annual tax amount: $3,895
    • Date on market: 12/6/2025
    • Cumulative days on market: 65 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    2/27/2026Sold$300,000$405/sqft
    Source: CPAR #782447 Report a problem
    2/11/2026Pending sale$300,000$405/sqft
    Source: CPAR #782447 Report a problem
    1/13/2026Price change$300,000-4.8%$405/sqft
    Source: CPAR #782447 Report a problem
    12/6/2025Listed for sale$315,000+3.3%$426/sqft
    Source: CPAR #782447 Report a problem
    9/17/2021Sold$305,000-1.6%$412/sqft
    Source: CPAR #712835 Report a problem
    8/30/2021Contingent$309,900$419/sqft
    Source: CPAR #712835 Report a problem
    8/17/2021Listed for sale$309,900$419/sqft
    Source: CPAR #712835 Report a problem
    8/15/2021Pending sale$309,900$419/sqft
    Source: CPAR #712835 Report a problem
    8/7/2021Listed for sale$309,900$419/sqft
    Source: CPAR #712835 Report a problem
    7/22/2021Contingent$309,900$419/sqft
    Source: CPAR #712835 Report a problem
    6/13/2021Listed for sale$309,900+6.9%$419/sqft
    Source: CPAR #712835 Report a problem
    4/14/2021Listing removed--
    Source: CPAR #709867 Report a problem
    4/13/2021Listed for sale$289,900$392/sqft
    Source: CPAR #709867 Report a problem
    4/13/2021Pending sale$289,900$392/sqft
    Source: CPAR #709867 Report a problem
    4/2/2021Listed for sale$289,900+137.4%$392/sqft
    Source: CPAR #709867 Report a problem
    10/30/2015Sold$122,110-6%$165/sqft
    Source: CPAR #635400 Report a problem
    10/15/2015Pending sale$129,900$176/sqft
    Source: Coldwell Banker Carroll Realty, Inc. #635400 Report a problem
    9/21/2015Price change$129,900-5.1%$176/sqft
    Source: Coldwell Banker Carroll Realty, Inc. #635400 Report a problem
    8/19/2015Listed for sale$136,900-48.6%$185/sqft
    Source: Coldwell Banker Carroll Realty #635400 Report a problem
    10/28/2005Sold$266,500-6.5%$360/sqft
    Source: Public Record Report a problem
    3/17/2005Sold$285,000$385/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,895 +7.5%$298,265 +10%
    2023$3,622 +23.4%$271,150 +10%
    2022$2,935 $246,500
    2021-- --
    2020$2,067 +16.7%$164,900 +16.7%
    2019$1,772 $141,312 +5.9%
    2018$1,772 +3.6%$133,450 +3%
    2017$1,710 +14%$129,625 +6.1%
    2016$1,500 +2.9%$122,230 +1.3%
    2015$1,458 $120,700 +20.6%
    2014$1,458 $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

    Neighborhood: 32408

    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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