8743 Thomas Drive 1202, Panama City Beach, FL 32408 (MLS# 791979)

8743 Thomas Drive 1202, Panama City Beach, FL 32408

New Listing

$290,000

Property Type: Residential Bedrooms: 1 Baths: 2 Square Footage: 740 Status: Active

Current Price: $290,000 List Date: 6/29/2026 Last Modified: 7/01/2026

Overview

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 seve … (Read more) 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.

Listing Details MLS# 791979

Contract Info

List Price/SqFt: 391.89

Location

Area: 03 – Bay County – Beach
Street #: 8743
Street Name: Thomas
Street Suffix: Drive
Unit #: 1202
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: The Summit
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Parcel ID: 30236-340-000
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: The Summit Resort, 8743 Thomas Drive, direct beachfront. Unit 1202 is on the 12th floor. Enter from the elevators to the far right of The Summitt. Open resort parking on site.
Legal Description: THE SUMMIT UNIT 1202 1BR 1.5B 740 H&C ORB 1059 P 1779,1787 PLAN A

General Property Info

Sub-Type: Condominium
Floor Number: 12
Design: High-Rise (8+ floors)
Apx SqFt(Htd/Cooled): 740
SqFt Source: Prop App Site
Full Baths: Yes
Half Baths: Yes
Total Baths: 2
Year Built: 1984
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 0x0
Pool: Yes
Pool Type: Community

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 2245
HOA Frequency: Quarterly
HOA Annual Amount: 8980
New Buyer Fee: No
Last Tax Year: 2025
Brokerage Interest: No Interest
Township: Panama City, FL
Condo Doc: Yes

Remarks & Misc

Remarks: 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.

Appliances

Microwave: Yes
Range – Electric: Yes
Refrigerator: Yes
Washer/Dryer Stacked: Yes
Water Heater – Electric: Yes

More Information

Interior Features

Floor – Tile: Yes

Exterior

Balcony: Yes

Association Fees Include

BBQ Pit/Grill: Yes
Business Center: Yes
Community Room: Yes
Dumpster: Yes
Exercise Room: Yes
Gated Community: Yes
Ground Keeping: Yes
Insurance: Yes
Internet-WiFi: Yes
Pest Control: Yes
Picnic Area: Yes
Pool: Yes
Security: Yes
Sewer: Yes
Trash Disposal: Yes
TV Cable: Yes
Water: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Furnished: Yes

Interior

Bunk Hallway: Yes

Lot Access

City Street: Yes

Parking Features

Parking Lot: Yes

Association Amenities

Basketball Court: Yes
BBQ Pit/Grill: Yes
Beach: Yes
Business Center: Yes
Community Room: Yes
Dumpster: Yes
Elevators: Yes
Exercise Room: Yes
Laundry: Yes
Pool: Yes
Sauna/Steam Room: Yes
Security-24 hour: Yes
Tennis: Yes
Waterfront: Yes
Whirlpool: Yes
Shuffleboard Court: Yes

Rooms

Bedroom: Yes

Utilities

Garbage: Yes
Internet – Broadband Available: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Waterview

Gulf: Yes

Waterfront Type

Gulf: Yes

Bedroom

First: Yes

Cooling

Central Air: Yes

Security Features

24 Hour Security: Yes
Building Security: Yes
Gated Community: Yes
Gated with Guard: Yes

Property Features

Appliances: Microwave; Range – Electric; Refrigerator; Washer/Dryer Stacked; Water Heater – Electric Bedroom: First Cooling: Central Air Exterior: Balcony Association Fees Include: BBQ Pit/Grill; Business Center; TV Cable; Community Room; Dumpster; Exercise Room; Gated Community; Insurance; Internet-WiFi; Ground Keeping; Pest Control; Picnic Area; Pool; Security; Sewer; Trash Disposal; Water Financing: Cash; Conventional Furnished: Furnished Interior: Bunk Hallway Lot Access: City Street Security Features: 24 Hour Security; Building Security; Gated Community; Gated with Guard Parking Features: Parking Lot Association Amenities: Basketball Court; BBQ Pit/Grill; Beach; Business Center; Community Room; Dumpster; Elevators; Exercise Room; Laundry; Pool; Sauna/Steam Room; Security-24 hour; Shuffleboard Court; Whirlpool; Tennis; Waterfront Rooms: Bedroom Utilities: Garbage; Internet – Broadband Available; Public Sewer – Connected; Public Water – Connected Waterfront Type: Gulf Waterview: Gulf

Room Information

Room Name	Level	Dimensions	Length	Width
Bedroom	First	15 x 11	15.00	11.00

Listing Office: Think Real Estate

Last Updated: July – 01 – 2026

Information deemed reliable but not guaranteed.