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8743 Thomas Drive, Unit 1202, Panama City Beach, FL 32408

$290,000
  • 8743 Thomas Drive, Unit 1202, Panama City Beach, FL 32408 Main Photo

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Active
BEDS1 BATHS1 full 1 partial SQUARE FEET740 MLS#791979
STATUSActive PROPERTY TYPEResidential - Condominium SUBDIVISIONThe Summit

Property Description

Welcome to one of the most compelling investment opportunities on Panama City Beach. Positioned directly beside the all-new Tootsie's Orchid Lounge--now occupying the legendary former Spinnaker Beach Club--The Summit is poised to benefit from one of the area's biggest new entertainment destinations. This high-profile addition is expected to drive increased visitor traffic, extend guest stays, and strengthen rental demand, making an already proven income-producing resort even more attractive to investors. The Summit has long been recognized as one of Panama City Beach's premier short-term rental destinations, with decades of strong rental performance. Its unbeatable Gulf-front location, extensive resort amenities, and walkable access to restaurants, nightlife, attractions, and family entertainment continue to deliver exceptional appeal for both owners and vacationers. This fully furnished, rental-ready condo offers unobstructed Gulf views from its private balcony and features several valuable updates, including an upgraded tile walk-in shower, new windows, a new sliding glass door, new balcony railings, and an in-unit washer and dryer. The thoughtfully designed floor plan includes a king bedroom, hallway bunk beds, and a convenient half bath. Guests enjoy an unmatched resort experience featuring two Gulf-front swimming pools (one seasonally heated), children's pools, indoor and outdoor hot tubs, saunas, a fitness center, tennis and pickleball courts, shuffleboard, a poolside tiki bar, on-site dining at Bikini Bob's, barbecue and picnic areas, gated 24-hour security, and private beach access. Across the street are amusement attractions, restaurants, shopping, and entertainment, creating the convenience today's vacation renters actively seek. Whether you're expanding your investment portfolio or purchasing your first beachfront income property, The Summit continues to prove why it remains one of Panama City Beach's most dependable cash-flowing condominium communities. With the arrival of Tootsie's adding a powerful new demand driver next door and this unit's recent upgrades already in place, the future potential has never looked stronger. All information is deemed reliable but should be independently verified by buyers if important.

8743 Thomas Drive, Unit 1202 | MLS# 791979

This condo located at 8743 Thomas Drive, Unit 1202, Panama City Beach, FL 32408 is currently listed for sale with an asking price of $290,000. This property was built in 1984 and has 1 bedrooms and 1 full and 1 partial baths with 740 sq. ft. Thomas Drive, Unit 1202 is located in the The Summit subdivision. Search The Summit real estate on www.premierfl.com today.

Property Features

Property Type: Residential - Condominium
Cooling: Central Air
Home Style: High Rise
Year Built: 1984

Feature Descriptions

Appliances: Washer/Dryer Stacked, Electric Range, Electric Water Heater
Association Amenities: Business Center, Gated, Barbecue, Picnic Area
Building Features: Dumpster
Community Features: Barbecue, Basketball Court, Beach, Business Center, Clubhouse, Elevator, Fitness Center, Laundry Facilities, Pool, Sauna, Tennis Court(s), Waterfront, Community Pool, Gated, Short Term Rental Allowed
Days on Site: 22
Laundry: Stacked
Parcel#: 30236-340-000
Parking: Parking Lot
Parking Notes: Parking Lot
Patio/Porch: Balcony
Pool: Community
Sauna: Yes
Security: Building Security, Gated with Guard, Gated Community,24 Hour Security, Security Service
Sewer: Public Sewer
Spa: Community
Special View Info: Gulf
Utilities: High Speed Internet Available
Waterfront: Gulf

Room Sizes

Bedroom: 15 X 11 Level - First

Local Schools

High School: Arnold
Middle School: Breakfast Point
Elementary School: Breakfast Point

Listed By / Shown By

Listed By

Agency Name: Think Real Estate

Shown By

Agency Title: Premier Property Group
Agency Phone: 850-337-1555

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Estimated Payment

$ 730.00 per month $645.41 Principal & Interest $0.00 Property Tax (data not provided by mls) $84.58 Homeowner's Insurance

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