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For sale
$319,000
1beds
740sqft

8743 Thomas Dr Unit 418, Panama City Beach, FL 32408

1beds
740sqft
Condominium
Built in 1984
Parking lot
$431 price/sqft
$748/mo HOA

What's special

Two poolside hot tubsGated gulf-front condominium

LOW FLOOR. CENTER-BUILDING POOL AND GULF VIEWS. The Summit 418 is a one-bedroom, one-and-a-half-bathroom condominium in Panama City Beach, Florida, featuring a hallway bunk area and direct views of the beach, the Gulf, and the resort pools below. Positioned near the center of the building, this fourth-floor unit offers a balanced view of both beachfront pools, the beach access, and the Gulf beyond. The interior features tile flooring throughout the main living areas and luxury vinyl plank flooring in the bedroom. Coastal-style furnishings and décor complement the updated windows and sliding glass door, while flat-screen televisions are located in both the living room and bedroom. The bedroom includes a king-size bed, and the hallway bunk area provides an additional sleeping space. Shiplap accents extend along the hallway and across the hallway and bathroom ceilings. Both bathrooms feature new vanities, updated lighting, and tall toilets, while the full bathroom also includes a tile tub-and-shower combination. An all-in-one washer and dryer is located inside the unit. The fully equipped kitchen includes granite countertops, a tile backsplash, a stainless-steel sink, and an industrial-style faucet. Polywood furniture is included on the balcony. The HVAC system was replaced in 2020, and the water heater was replaced in 2018. The Summit is a gated Gulf-front condominium offering two beachfront pools, including one that is seasonally heated, two poolside hot tubs, two children's pools, an indoor sauna, an exercise room, a game room, shuffleboard, and lighted pickleball courts. On-site conveniences include an ice cream shop, gift shop, convenience store, and Bikini Bob's Grill & Bar. The property is also located near Panama City Beach attractions, dining, entertainment, and nightlife, with Tootsie's Orchid Lounge next door and destinations such as Pirates Voyage Dinner & Show, Topgolf, and McGuire's Irish Pub nearby. All information is deemed reliable but not guaranteed; buyer to verify if important.

32 days
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507
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19
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Source: CPAR,MLS#: 793331MLS LogoOriginating MLS: Central Panhandle Association of REALTORS
Travel times

Living Room

Kitchen

Bedroom

Covered Balcony

Bunk Area

Zillow last checked:

Listing updated:

Listed by:

Alice de La Penha 850-771-3150,

Coldwell Banker Realty

Source: CPAR,MLS#: 793331MLS 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, Full Bath, Kitchen, Living Room, Other
Bedroom
  • Level: First
  • Dimensions: 11.2 x 14.9
Other
  • Level: First
  • Dimensions: 5.3 x 8.1
Kitchen
  • Level: First
  • Dimensions: 8.1 x 7.1
Living room
  • Level: First
  • Dimensions: 14.1 x 17.3
Other
  • Features: Balcony
  • Level: First
  • Dimensions: 14.1 x 6.6
Heating
  • Central, Electric
Cooling
  • Central Air
Appliances
  • Included: Electric Oven, Electric Water Heater
Features
  • Tub Shower
Interior area
  • Total structure area: 740
  • Total interior livable area: 740 sqft
Video & virtual tour

Property

Parking
  • Parking features: Parking Lot
Features
  • Patio & porch: Balcony
  • Pool features: Electric Heat, In Ground, Community
  • Spa features: Community
  • Has view: Yes
  • View description: Gulf
  • Has water view: Yes
  • Water view: Gulf
  • Waterfront features: Gulf
Details
  • Parcel number: 30236100000
  • Zoning description: Resid Multi-Family

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: Cable Connected, Electricity Available, High Speed Internet Available

Community & HOA

Community
  • Features: Conference/Meeting Room, Elevator, Fitness Center, Gated, Pool, Waterfront, Community Pool, Short Term Rental Allowed
  • Security: Security Gate, 24 Hour Security, Security Fence, Security Guard, Security Service
  • Subdivision: The Summit
HOA
  • Has HOA: Yes
  • Amenities included: Beach Rights, Game Room, Gated, Barbecue, Sauna
  • Services included: Association Management, Fitness Facility, Insurance, Legal/Accounting, Maintenance Grounds, Pool(s), Sewer, Tennis Courts, Trash, Water
  • HOA fee: $2,245 quarterly
Location
  • Region: Panama City Beach

Financial & listing details

  • Price per square foot: $431/sqft
  • Tax assessed value: $307,700
  • Annual tax amount: $3,507
  • Date on market: 7/30/2026
  • Cumulative days on market: 32 days
  • Electric utility on property: Yes

Price history

DateEventPrice
7/30/2026Listed for sale$319,000+65.3%$431/sqft
Source: ECAOR #1008812 Report a problem
9/18/2018Sold$193,000-3%$261/sqft
Source: CPAR #676187 Report a problem
9/10/2018Listed for sale$199,000-21.3%$269/sqft
Source: Top Producers Real Estate Ctr #676187 Report a problem
3/1/2006Sold$253,000-12.8%$342/sqft
Source: Public Record Report a problem
9/28/2004Sold$290,000$392/sqft
Source: Public Record Report a problem

Public tax history

YearProperty taxesTax assessment
2024$3,429 +7.3%$214,924 +10%
2023$3,195 +22.3%$195,385 +10%
2022$2,613 $177,623
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

Monthly payment

Est. payment
$2,704/mo
Principal & interest
$1618
HOA Fees
$748
Property taxes
$338
More affordability toolsChevron Right

Estimated market value

$302,900

$288,000 - $318,000

$1,634/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 32408

Nearby schools

Breakfast Point Academy
Grades PK-82 miles
7/10
GreatSchools® Rating
Test Score Rating
7/10
Student Progress Rating
6/10
J.R. Arnold High School
Grades 9-122.8 miles
4/10
GreatSchools® Rating
Test Score Rating
5/10
College Readiness Rating
6/10
Student Progress Rating
2/10