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Sold for $259,900
  • $259,900

    8743 Thomas Dr Unit 309, Panama City Beach, FL 32408

    1beds
    740sqft
    Condominium
    Built in 1984
    -- sqft lot
    $259,000 Zestimate®
    $351/sqft
    $1,634 Estimated rent

    Home value

    $259,000

    $243,000 - $277,000

    $1,634/mo

    Zestimate® history
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    What's special

    Overlooking the gulf-side poolDirect beach accessTwo large beachfront poolsSweeping gulf viewsTurn-key fully furnished residenceOpen and airy layoutHot tubs
    Wake up to sweeping gulf views and end every day with sunsets over the Emerald Coast in this stunning 3rd-floor, gulf-front condo at The Summit, Unit 309. Perfectly positioned overlooking the gulf-side pool and sugar-white sands, this turn-key, fully furnished residence delivers effortless coastal living with front-row views of Panama City Beach's iconic emerald waters, just steps from the shoreline and a quick minutes walk to paradise. Inside, the open and airy layout is designed to maximize the view. The living area and breakfast bar frame the Gulf beautifully, creating the perfect backdrop for morning coffee or evening cocktails. A full kitchen features a refrigerator, range, dishwasher, and generous counter space, while the stacked washer and dryer add everyday convenience. The primary bedroom offers privacy and comfort, complemented by hallway bunk beds and a 1.5-bath layout with a shower/tub combo, allowing the condo to comfortably sleep 4-6 guests. Turn-key and rental ready, this unit is being sold fully furnished. Seller hasn't aggressively rented and there's room for GRI improvement here. Projections from Southern Vacation Rentals is $22-30k. Actual GRI for the past 3 years 2023/$25,392, 2024/$21,683, and 2025/$16,514. This unit does not have a washer/dryer. However, the HVAC is new as of 9/2025. Ownership at The Summit unlocks a true resort lifestyle. Enjoy two large beachfront pools, hot tubs, a fitness center, tennis and basketball courts, shuffleboard, picnic and grilling areas, and direct beach access. On-site conveniences include a tiki bar, market, and Bikini Bob's restaurant, making it easy to settle in and stay awhile. The gated community also offers on-site security and ample open parking. The location is only getting better. Situated on Thomas Drive near St. Andrews State Park, marinas, shopping, dining, and entertainment, the area continues to grow adding even more appeal for investors and vacationers alike. Whether you're searching for a high-performing income property, a low-maintenance second home, or your own slice of Gulf-front paradise, this condo delivers views, lifestyle, and opportunity in one unforgettable package. All information deemed reliable but not guaranteed and buyer to verify.

    Zillow last checked:

    Listing updated:

    Listed by:

    Shantel Peterson 850-543-9000,

    Real Broker LLC

    Bought with:

    KELLY Sipes, bk3445352

    Bastion Realty LLC

    Source: CPAR,MLS#: 784140MLS 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, Family Room
    Bedroom
    • Dimensions: 12 x 14
    Family room
    • Dimensions: 17 x 15
    Heating
    • Electric
    Cooling
    • Central Air
    Appliances
    • Included: Electric Range, Electric Water Heater
    Features
    • Tub Shower
    Interior area
    • Total structure area: 740
    • Total interior livable area: 740 sqft

    Property

    Parking
    • Parking features: Gated
    Features
    • Patio & porch: Balcony
    • Exterior features: Barbecue
    • Pool features: Fenced, Gas Heat, In Ground, Community
    • Fencing: Full,Fenced
    • Has view: Yes
    • View description: Gulf
    • Has water view: Yes
    • Water view: Gulf
    • Waterfront features: Gulf, Shoreline - Sand
    Details
    • Parcel number: 30236059000
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: High Rise
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Concrete
    • Foundation: Pillar/Post/Pier
    Condition
    • New construction: No
    • Year built: 1984

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Cable Connected, Phone Connected, Phone Available

    Community & HOA

    Community
    • Features: Beach, Business Center, Clubhouse, Conference/Meeting Room, Elevator, Game Room, Gated, Laundry Facilities, Park, Pool, Tennis Court(s), Waterfront, Barbecue, Community Pool, Short Term Rental Allowed
    • Security: Fire Alarm, Smoke Detector(s), Security Service
    • Subdivision: The Summit
    HOA
    • Has HOA: Yes
    • Amenities included: Other, See Remarks, Barbecue, Sauna
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $351/sqft
    • Tax assessed value: $307,700
    • Annual tax amount: $3,437
    • Date on market: 1/24/2026
    • Cumulative days on market: 131 days

    Price history

    DateEventPrice
    7/20/2026Sold$259,900-3.7%$351/sqft
    Source: CPAR #784140 Report a problem
    6/5/2026Pending sale$269,900$365/sqft
    Source: CPAR #784140 Report a problem
    5/6/2026Price change$269,900-3.6%$365/sqft
    Source: CPAR #784140 Report a problem
    4/1/2026Price change$279,900-5.1%$378/sqft
    Source: CPAR #784140 Report a problem
    1/24/2026Listed for sale$294,900-1.7%$399/sqft
    Source: CPAR #784140 Report a problem
    9/17/2021Sold$300,000+400%$405/sqft
    Source: CPAR #714563 Report a problem
    2/2/2021Sold$60,000$81/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$2,032 +14.7%$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

    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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    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
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    With Zillow Showcase(estimated)
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