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Sold for $420,000
  • $420,000

    8743 Thomas Dr Unit 301, Panama City Beach, FL 32408

    2beds
    984sqft
    Condominium
    Built in 1984
    -- sqft lot
    $398,400 Zestimate®
    $427/sqft
    $1,922 Estimated rent

    Home value

    $398,400

    $371,000 - $430,000

    $1,922/mo

    Zestimate® history
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    What's special

    Experience luxury living in this stunning 2-bedroom, 2-bathroom lower floor corner condo at The Summit! Situated on the third floor, this unit boasts a spacious balcony with breathtaking views of the Gulf of Mexico's sugar sand beaches. The open main living area and well-appointed galley kitchen with a breakfast bar create an inviting space for both entertaining and meal preparation. Indulge in the comfort of the generously sized master suite, featuring an elegant bathroom and ample closet space. Guests will appreciate the accommodating second bedroom with convenient access to a hall bathroom. Recently renovated, this unit showcases fresh paint, a new water heater, upgraded HVAC system, and brand-new appliances, including a refrigerator and stove. The Summit offers premium amenities such as multiple pools, a serene sauna, a lively tiki bar, tennis and basketball courts, a game room, and a state-of-the-art fitness center. Unwind at Bikini Bob's bar and grill, or explore the nearby array of restaurants and shops within a short stroll. Not only does this unit promise a luxurious lifestyle, but it also presents a lucrative investment opportunity with proven rental income. Discover the convenience of residing on the quieter side of Panama City Beach while remaining close to local attractions. Don't miss out—schedule your showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Heather Thompson 850-247-2173,

    Beach Properties Real Estate Group

    Bought with:

    Nonmember Nonmember

    Nonmember Office

    Source: Forgotten Coast Realtor Association,MLS#: 319795MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Features: Master Downstairs, Walk-In Closet(s)
    Primary bathroom
    • Features: Tile Counters
    Heating
    • Central Electric
    Cooling
    • Central Electric
    Appliances
    • Included: Dryer, Washer, Dishwasher, Exhaust Fan, Microwave, Refrigerator, Electric Oven, Electric Water Heater
    Features
    • Breakfast Bar, Storage, Newly Painted
    • Flooring: Tile
    • Has fireplace: No
    • Furnished: Yes
    Interior area
    • Total structure area: 984
    • Total interior livable area: 984 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Other
    Features
    • Levels: 1
    • Stories: 1
    • Exterior features: Barbecue, Tennis Court(s), Balcony
    • Has water view: Yes
    • Water view: Gulf
    • On waterfront: Yes
    • Waterfront features: Gulf
    Lot
    • Features: Covenants/Restrictions, Dedicated Beach, Sidewalks
    Details
    • Parcel number: 30236051000
    • Zoning description: City,Residential Multi-Family
    • Special conditions: As Is

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Stucco, Wood Siding
    • Foundation: Pilings
    • Roof: Flat
    Condition
    • Construction Complete
    • Year built: 1984

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Internet Available, Phone Available, Sewer Connected, Water Connected, Private Trash

    Community & HOA

    Community
    • Features: BBQ Pit/Grill, Restaurant, Beach, Cable TV, Elevators, Fitness Center, Game Room, Gated, Picnic Area, Pool, Sauna/Steam Room, Tennis Court(s)
    • Security: Smoke Detector(s), 24 Hour Security
    • Subdivision: The Summit
    HOA
    • Has HOA: Yes
    • Services included: Cable TV, Insurance, Management, Maintenance Structure, Maintenance Grounds, Pest Control, Recreational Facilities, Security, Sewer, Trash, Water
    • HOA fee: $2,034 quarterly
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $427/sqft
    • Tax assessed value: $394,723
    • Annual tax amount: $4,071
    • Date on market: 11/4/2024
    • Listing terms: Cash,Conventional,FHA
    • Lease term: Daily/Weekly
    • Road surface type: Paved

    Price history

    DateEventPrice
    11/4/2024Sold$420,000-6.5%$427/sqft
    Source: Forgotten Coast Realtor Association #319795 Report a problem
    10/17/2024Pending sale$449,000$456/sqft
    Source: CPAR #753819 Report a problem
    5/13/2024Price change$449,000-4.5%$456/sqft
    Source: Forgotten Coast Realtor Association #316789 Report a problem
    4/12/2024Price change$469,999-2.1%$478/sqft
    Source: Forgotten Coast Realtor Association #316789 Report a problem
    3/7/2024Listed for sale$479,999+0%$488/sqft
    Source: Forgotten Coast Realtor Association #316789 Report a problem
    11/29/2023Listing removed--
    Source: CPAR #739347 Report a problem
    9/28/2023Price change$479,900-4%$488/sqft
    Source: Forgotten Coast Realtor Association #313804 Report a problem
    7/28/2023Price change$499,999-2.9%$508/sqft
    Source: CPAR #739347 Report a problem
    4/20/2023Price change$515,000-1.9%$523/sqft
    Source: Forgotten Coast Realtor Association #313804 Report a problem
    3/27/2023Listed for sale$525,000+54.4%$534/sqft
    Source: Forgotten Coast Realtor Association #313804 Report a problem
    7/23/2021Sold$340,000+74.4%$346/sqft
    Source: Forgotten Coast Realtor Association #308384 Report a problem
    9/13/2002Sold$195,000$198/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,468 +9.7%$298,265 +10%
    2023$4,072 +34.6%$271,150 +10%
    2022$3,025 $246,500
    2021-- --
    2020$2,498 +1%$195,500 -3.2%
    2019$2,473 $201,875 +6%
    2018$2,473 +3.8%$190,425 +3%
    2017$2,381 +12.3%$184,880 +6.1%
    2016$2,120 +4.4%$174,250 +7.6%
    2015$2,030 $161,989 +10%
    2014$2,030 $147,263 +10%
    2013-- $133,875 -25.7%
    2012-- $180,200 +4.5%
    2011-- $172,375
    2010-- $172,375
    2009-- $172,375 -7.9%
    2008-- $187,224 -12.4%
    2007-- $213,824 -24.7%
    2006-- $284,001
    2005-- $284,001 +66.1%
    2004-- $171,001 +17%
    2003-- $146,101
    2002-- $146,101 +30%
    2001-- $112,400
    2000-- $112,400
    Find assessor info on the county website

    Neighborhood: 32408

    Nearby schools

    GreatSchools rating
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