For sale

$299,000

8743 Thomas Dr Unit 720, Panama City Beach, FL 32408

1beds

740sqft

$2,689/mo

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Condominium

Built in 1984

-- sqft lot

$283,400 Zestimate^®

$404/sqft

$748/mo HOA

What's special

Beachfront condominium propertyHallway bunk bedsDry saunasShuffleboard courtsWasher and dryerPoolside tiki barFitness center

The Summit is a desirable beachfront condominium property with a long history of exceptional rental income. This 7th floor center-located unit offers 1-bedroom with a king size bed, plus hallway bunk beds and a sofa sleeper in the living room. The kitchen has updated cabinetry and appliances, including a washer and dryer. This well-maintained condo comes fully furnished and rental ready. The resort offers an abundance of amenities, including 2 large pools, 2 kiddie pools, 2 outdoor hot tubs, 1 indoor hot tub, dry saunas, fitness center, shuffleboard courts, tennis/pickleball courts, Bar-b-que grills & picnic areas, poolside tiki bar and Bikini Bob's restaurant. This beachfront condominium is across the street from numerous amusement rides and restaurants and close to shopping and sports complexes. All information is approximate and should be verified by buyers if important.

94 days
52
4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Rooms

Room types: Other

Other

Description: direct beach view
Features: Balcony
Level: First
Dimensions: 15 x 7

Heating

Central, Electric

Cooling

Central Air

Appliances

Included: Electric Cooktop, Electric Water Heater, Ice Maker

Features

Tub Shower
Windows: Tinted Windows

Interior area

Total structure area: 740
Total interior livable area: 740 sqft

Property

Parking

Parking features: Additional Parking, Gated, Paved, Parking Lot

Features

Stories: 15
Patio & porch: Balcony
Pool features: Gunite, Gas Heat, In Ground, Community
Spa features: Community
Has view: Yes
View description: Gulf
Has water view: Yes
Water view: Gulf
Waterfront features: Gulf, Shoreline - Sand, Shoreline - Natural
Frontage length: 600

Lot

Features: Paved

Details

Parcel number: 30236198000
Zoning description: Resid Multi-Family, Resort
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, Stucco
Roof: Flat

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: Barbecue, Basketball Court, Beach, Fitness Center, Fishing, Game Room, Laundry Facilities, Park, Pool, Sauna, Tennis Court(s), Waterfront, Community Pool, Gated, Short Term Rental Allowed
Security: Building Security, Fire Sprinkler System, Gated Community, 24 Hour Security, Security Fence, Security Guard, Security Lights, Security Gate, Smoke Detector(s), Security Service
Subdivision: Summit

HOA

Has HOA: Yes
Amenities included: Beach Rights, Game Room, Gated, Barbecue, Sauna, Spa/Hot Tub
Services included: Association Management, Cable TV, Fitness Facility, Insurance, Internet, Maintenance Grounds, Pool(s), Sewer, Security, Tennis Courts, Trash, Water
HOA fee: $2,245 quarterly

Location

Region: Panama City Beach

Financial & listing details

Price per square foot: $404/sqft
Tax assessed value: $307,700
Annual tax amount: $3,452
Date on market: 5/27/2026
Cumulative days on market: 22 days
Electric utility on property: Yes

Estimated market value

$283,400

$269,000 - $298,000

$1,634/mo

Price history

Date	Event	Price
5/27/2026	Listed for sale	$299,000-20.1%$404/sqft
Source: CPAR #790431 Report a problem
4/27/2024	Listing removed	--
Source: CPAR #750475 Report a problem
12/20/2023	Listing removed	$374,000$505/sqft
Source: CPAR #750475 Report a problem
12/19/2023	Listed for sale	$374,000+94.3%$505/sqft
Source: CPAR #750475 Report a problem
1/28/2020	Sold	$192,500-13.3%$260/sqft
Source: CPAR #693377 Report a problem
7/18/2006	Sold	$222,000+80.5%$300/sqft
Source: Public Record Report a problem
10/23/2001	Sold	$123,000$166/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,515 +7.4%	$230,399 +10%
2023	$3,274 +22.5%	$209,454 +10%
2022	$2,672	$190,413
2021	--	--
2020	$1,980 +11.7%	$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