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For sale
  • Price cut: $10K (8/30)
    $319,900

    8743 Thomas Dr Unit 810, Panama City Beach, FL 32408

    1beds
    740sqft
    : 
    $2,825/mo
    Get pre-qualified
    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
    $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.
    69 days
    186
    19

    Zillow last checked:

    Listing updated:

    Listed by:

    Gleb Alikhver 404-933-7966,

    Alikhver Realty

    Source: CPAR,MLS#: 791705MLS 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
      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

        DateEventPrice
        8/30/2026Price change$319,900-3%$432/sqft
        Source: CPAR #791705 Report a problem
        8/8/2026Price change$329,900-2.9%$446/sqft
        Source: CPAR #791705 Report a problem
        6/26/2026Price change$339,900+0.3%$459/sqft
        Source: CPAR #791705 Report a problem
        6/22/2026Listed for sale$339,000$458/sqft
        Source: CPAR #791705 Report a problem
        12/13/2025Listing removed$339,000$458/sqft
        Source: CPAR #781632 Report a problem
        11/14/2025Listed for sale$339,000-12.9%$458/sqft
        Source: CPAR #781632 Report a problem
        5/6/2023Listing removed--
        Source: CPAR #740209 Report a problem
        4/16/2023Listed for sale$389,000+99.5%$526/sqft
        Source: CPAR #740209 Report a problem
        3/26/2021Sold$195,000$264/sqft
        Source: Public Record Report a problem
        12/4/2020Sold$195,000-7.1%$264/sqft
        Source: CPAR #702359 Report a problem
        9/24/2020Listed for sale$209,900+67.9%$284/sqft
        Source: Own It Real Estate LLC #702359 Report a problem
        8/19/2013Sold$125,000+13.6%$169/sqft
        Source: CPAR #611567 Report a problem
        11/30/2010Sold$110,000-31.3%$149/sqft
        Source: Public Record Report a problem
        7/10/2003Sold$160,000$216/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32408

        Getting around

        35 / 100
        Car-Dependent
        44 / 100
        Somewhat Bikeable

        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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