Gulf-front investment opportunity at Summit Beach Resort in Panama City Beach. This beautifully maintained one-bedroom, one-and-a-half-bath condominium offers stunning, unobstructed views of the Gulf of Mexico from a private balcony and a highly functional floor plan that comfortably accommodates up to six guests.
The unit features a fully renovated kitchen, in-unit washer and dryer, spacious living area with sleeper sofa, luxury vinyl plank flooring throughout, and wood-look tile in the oversized primary bedroom. Additional highlights include hallway bunk beds and a convenient Jack-and-Jill bathroom design, making the layout ideal for vacation rentals and family getaways alike.
Summit Beach Resort is a highly sought-after, amenity-rich beachfront resort offering multiple pools, hot tubs, sauna, tennis courts, shuffleboard, an on-site Tiki bar, grilling area, arcade/game room, playground, beach services, water sports, and a sundry shop.
Whether you are seeking a strong short-term rental investment or your own personal beachfront retreat, this property offers immediate enjoyment with excellent income potential and long-term upside.
Amazing income!
For sale
Price cut: $5K (7/25)
$334,789
8743 Thomas Dr Unit 523, Panama City Beach, FL 32408
1beds
740sqft
Condominium
Built in 1984
-- sqft lot
$321,500 Zestimate®
$452/sqft
$748/mo HOA
What's special
- 115 days
- 77
- 6
Zillow last checked:
Listing updated:
Listed by:
Denis Rakov 850-319-7412,
Beachy Beach Real Estate
Source: CPAR,MLS#: 789667
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 15.2 x 11.3
Features
- Main Level Primary
Interior area
- Total structure area: 740
- Total interior livable area: 740 sqft
Property
Features
- Pool features: Community
- On waterfront: Yes
- Waterfront features: Gulf
Details
- Parcel number: 30236137000
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
Community & HOA
Community
- Features: Community Pool, Short Term Rental Allowed
- Subdivision: The Summit
HOA
- Has HOA: Yes
- Amenities included: Game Room, Gated, Barbecue, Sauna, Spa/Hot Tub
- Services included: Fitness Facility, Insurance, Internet, Legal/Accounting, Maintenance Grounds, Pool(s), Sewer, Security, Tennis Courts
- HOA fee: $2,243 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $452/sqft
- Tax assessed value: $307,700
- Annual tax amount: $3,948
- Date on market: 5/9/2026
- Cumulative days on market: 99 days
Estimated market value
$321,500
$305,000 - $338,000
$1,634/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2026 | Price change | $334,789-1.5%$452/sqft |
Source:  CPAR #789667 Report a problem | ||
| 7/8/2026 | Price change | $339,789-4.3%$459/sqft |
Source: CPAR #789667 Report a problem | ||
| 5/9/2026 | Listed for sale | $354,900+14.5%$480/sqft |
Source: CPAR #789667 Report a problem | ||
| 2/23/2022 | Sold | $310,000-1.6%$419/sqft |
Source: CPAR #719123 Report a problem | ||
| 1/25/2022 | Pending sale | $314,900$426/sqft |
Source: CPAR #719123 Report a problem | ||
| 12/13/2021 | Price change | $314,900-1.3%$426/sqft |
Source: CPAR #719123 Report a problem | ||
| 11/20/2021 | Price change | $319,000-1.8%$431/sqft |
Source: CPAR #719123 Report a problem | ||
| 11/15/2021 | Listed for sale | $325,000$439/sqft |
Source: CPAR #719123 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,948 +6.3% | $307,700 +7.1% |
| 2023 | $3,712 +42.1% | $287,215 +61.7% |
| 2022 | $2,613 | $177,623 |
| 2021 | -- | -- |
| 2020 | $1,980 +11.7% | $146,795 +3.9% |
| 2019 | $1,772 | $141,312 +5.9% |
| 2018 | $1,772 | $133,450 +3% |
| 2017 | -- | $129,625 +7.1% |
| 2016 | -- | $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
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 32408
Nearby schools
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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