$56,643 in revenue July '25 to June '26: a 16.7% ROI on the asking price! A newly renovated, 8th-floor, direct-beachfront 1BR/2BA at The Summit that is also a proven cash machine. Wake up to unobstructed Gulf views from your private 8th-floor balcony, then cozy up by the electric fireplace after a day on the sand. The full renovation shows everywhere: a new white shaker kitchen with quartz counters, mosaic tile backsplash, and stainless appliances; updated baths with marble-look tile and quartz vanities; a new memory-foam king; and wood-look plank flooring throughout, finished with designer coastal touches like a sliding barn door and blue velvet accent chairs.
It sleeps five with the king, a queen sleeper sofa, and a built-in twin-over-twin bunk nook, and comes complete with an in-unit washer and dryer, two smart TVs, and a fully equipped kitchen, sold fully furnished and truly turnkey. It also sits right next to the booming new Tootsie's in the legendary former Spinnaker Beach Club, a fresh demand driver for the entire resort. The Summit offers two Gulf-front pools (one seasonally heated), children's pools, two outdoor and one indoor hot tub, his-and-hers saunas, a fitness center, tennis and pickleball, shuffleboard, a poolside tiki bar, the on-site Bar & Grill, and gated 24-hour security with direct private beach access. With established Airbnb and VRBO listings, years of five-star reviews, and a loyal repeat-guest base, the unit has a proven track record, and about 12% of its revenue already comes from direct and repeat bookings, well above the Panama City Beach market average.
As an added bonus, the seller's revenue consultant will personally assist the buyer in expanding the property's direct-booking strategy through modern AI, automation, and data-driven revenue management techniques. Full rent roll available to qualified buyers.
For sale
Price cut: $10K (8/30)
$319,900
8743 Thomas Dr Unit 810, Panama City Beach, FL 32408
1beds
740sqft
Condominium
Built in 1984
-- sqft lot
$307,000 Zestimate®
$432/sqft
$748/mo HOA
What's special
Electric fireplaceNewly renovatedDirect private beach accessDesigner coastal touchesQuartz countersUnobstructed gulf viewsQuartz vanities
- 69 days
- 186
- 19
Zillow last checked:
Listing updated:
Listed by:
Gleb Alikhver 404-933-7966,
Alikhver Realty
Source: CPAR,MLS#: 791705
Originating 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
Bedroom
- Description: Condo
- Level: Second
- Dimensions: 0 x 0
Heating
- Fireplace(s)
Appliances
- Included: Washer/Dryer Stacked, Electric Range
- Laundry: Stacked
Features
- Has fireplace: Yes
- Fireplace features: Electric
Interior area
- Total structure area: 740
- Total interior livable area: 740 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Stories: 15
- Patio & porch: Balcony
- Pool features: Community
- Spa features: Community
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: Gulf, Shoreline - Sand
Details
- Parcel number: 30236220000
- Special conditions: Listed As-Is
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
- Utilities for property: Cable Connected
Community & HOA
Community
- Features: Barbecue, Beach, Elevator, Fitness Center, Game Room, Pool, Sauna, Tennis Court(s), Community Pool, Gated, Short Term Rental Allowed
- Security: Building Security, Gated Community, 24 Hour Security, Security Guard
- Subdivision: The Summit
HOA
- Has HOA: Yes
- Amenities included: Business Center, Game Room, Sauna, Spa/Hot Tub
- Services included: Fitness Facility, Internet, Pool(s), Tennis Courts, Trash
- HOA fee: $2,245 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $432/sqft
- Tax assessed value: $307,700
- Annual tax amount: $3,515
- Date on market: 6/22/2026
- Cumulative days on market: 70 days
Estimated market value
$307,000
$292,000 - $322,000
$1,634/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2026 | Price change | $319,900-3%$432/sqft |
Source: | ||
| 8/8/2026 | Price change | $329,900-2.9%$446/sqft |
Source: | ||
| 6/26/2026 | Price change | $339,900+0.3%$459/sqft |
Source: | ||
| 6/22/2026 | Listed for sale | $339,000$458/sqft |
Source: | ||
| 12/13/2025 | Listing removed | $339,000$458/sqft |
Source: | ||
| 11/14/2025 | Listed for sale | $339,000-12.9%$458/sqft |
Source: | ||
| 5/6/2023 | Listing removed | -- |
Source: | ||
| 4/16/2023 | Listed for sale | $389,000+99.5%$526/sqft |
Source: | ||
| 3/26/2021 | Sold | $195,000$264/sqft |
Source: Public Record Report a problem | ||
| 12/4/2020 | Sold | $195,000-7.1%$264/sqft |
Source: | ||
| 9/24/2020 | Listed for sale | $209,900+67.9%$284/sqft |
Source: Own It Real Estate LLC #702359 Report a problem | ||
| 8/19/2013 | Sold | $125,000+13.6%$169/sqft |
Source: | ||
| 11/30/2010 | Sold | $110,000-31.3%$149/sqft |
Source: Public Record Report a problem | ||
| 7/10/2003 | Sold | $160,000$216/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 | $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 +6.1% |
| 2016 | $1,500 +6.3% | $122,230 +9.9% |
| 2015 | $1,412 | $111,265 +10% |
| 2014 | $1,412 | $101,150 +11.2% |
| 2013 | -- | $90,950 +1.4% |
| 2012 | -- | $89,675 -2.2% |
| 2011 | -- | $91,688 -23% |
| 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
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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.






