8743 Thomas Drive 518, Panama City, FL 32408 (MLS# 784607)

8743 Thomas Drive 518, Panama City, FL 32408

$325,000

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

Current Price: $325,000 List Date: 2/03/2026 Last Modified: 5/30/2026

Overview

Description

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Unit 518 at The Summit is a prime investment opportunity in one of Panama City Beach’s most established Gulf-front resorts. Completely remodeled bathroom in January 2025! This income-generating condo offers direct beach access and full resort amenities, including two pools, hot tubs, fitness center, tiki bar, on-site market, and 24/7 security–features that drive consistent guest demand year-round. With a proven rental history, and professional management in place this unit is turn-key and ready to continue producing revenue! Unit 518 delivers both immediate cash flow and long-term upside in the heart of PCB!!! Contact me today!

Listing Details MLS# 784607

Contract Info

List Price/SqFt: 439.19

Location

Area: 03 – Bay County – Beach
Street #: 8743
Street Name: Thomas
Street Suffix: Drive
Unit #: 518
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Summit
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Parcel ID: 30236-132-000
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: FROM HATHAWAY BRIDGE HEADING WEST, TURN LEFT ONTO JOAN AVE. TURN RIGHT ONTO THOMAS DRIVE, SUMMIT ON LEFT.
Legal Description: THE SUMMIT UNIT 518 PLAN A ORB 989 P 1046 1BR 1.5B 740 H&C ORB 4705 P 991

General Property Info

Sub-Type: Condominium
Floor Number: 5
Design: High-Rise (8+ floors)
Apx SqFt(Htd/Cooled): 740
SqFt Source: Prop App Site
Full Baths: Yes
Half Baths: Yes
Total Baths: 2
# of Stories in Building: 15
Year Built: 1984
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 0x0
Pool: Yes
Pool Type: Community

Status Change Info

Under Contract Date: 2026-03-19
Sold Date: 2026-05-30
Sold Price/SqFt: 439.19

Listing Info, Tax and Legal

Homestead: No
HOA Fee: Yes
HOA Amount: 2243
HOA Frequency: Quarterly
HOA Annual Amount: 8972
Senior Community: No
New Buyer Fee: No
Last Taxes: 3508
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Condo Doc: Yes

Remarks & Misc

Remarks: CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Unit 518 at The Summit is a prime investment opportunity in one of Panama City Beach's most established Gulf-front resorts. Completely remodeled bathroom in January 2025! This income-generating condo offers direct beach access and full resort amenities, including two pools, hot tubs, fitness center, tiki bar, on-site market, and 24/7 security–features that drive consistent guest demand year-round. With a proven rental history, and professional management in place this unit is turn-key and ready to continue producing revenue! Unit 518 delivers both immediate cash flow and long-term upside in the heart of PCB!!! Contact me today!

More Information

Pool Features

Inground: Yes

Appliances

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

Interior Features

Breakfast Bar: Yes
Floor – Vinyl: Yes
Window – Treatment Some: Yes

Exterior

Balcony: Yes

Waterfront Feature

Shore – Beach: Yes

Association Fees Include

Accounting: Yes
BBQ Pit/Grill: Yes
Beach: Yes
Dumpster: Yes
Exercise Room: Yes
Game Room: Yes
Gated Community: Yes
Ground Keeping: Yes
Insurance: Yes
Internet-WiFi: Yes
Management: Yes
Pest Control: Yes
Pool: Yes
Sauna/Steam Room: Yes
Security: Yes
Trash Disposal: Yes
TV Cable: Yes
Water: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Furnished: Yes

Interior

Bunk Room: Yes

Lot Features

Near Beach Access: Yes
Waterfront: Yes
Within 1/2 Mile to Water: Yes

Lot Access

City Street: Yes
Gated Access: Yes
Paved Road: Yes

Parking Features

Parking Lot: Yes

Mstr Bath / Mstr Bdrm

MBath Shower/Tub Combo: Yes

Present Zoning

Resid Single Family: Yes

Association Amenities

BBQ Pit/Grill: Yes
Dumpster: Yes
Elevators: Yes
Exercise Room: Yes
Game Room: Yes
Gated Community: Yes
Laundry: Yes
Pool: Yes
Sauna/Steam Room: Yes
Security-24 hour: Yes
Whirlpool: Yes

Rooms

Master Bedroom: Yes

Utilities

Electricity – Connected: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Waterview

Gulf: Yes

Sale Type

As Is: Yes

Waterfront Type

Gulf: Yes

Master Bedroom

First: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Heating

Central: Yes
Electric: Yes

Security Features

Building Security: Yes
Gated Community: Yes
Security Gate: Yes
Smoke Detector(s): Yes

Property Features

Appliances: Dishwasher; Disposal; Microwave; Oven – Electric; Range – Electric; Refrigerator; Washer/Dryer Stacked; Water Heater – Electric Master Bedroom: First Cooling: Ceiling Fan(s); Central Air; Electric Heating: Central; Electric Exterior: Balcony Association Fees Include: Accounting; BBQ Pit/Grill; Beach; TV Cable; Dumpster; Exercise Room; Game Room; Gated Community; Insurance; Internet-WiFi; Ground Keeping; Management; Pest Control; Pool; Sauna/Steam Room; Security; Trash Disposal; Water Financing: Cash; Conventional Furnished: Furnished Interior: Bunk Room Lot Features: Near Beach Access; Waterfront; Within 1/2 Mile to Water Lot Access: City Street; Gated Access; Paved Road Pool Features: Inground Security Features: Building Security; Gated Community; Security Gate; Smoke Detector(s) Parking Features: Parking Lot Association Amenities: BBQ Pit/Grill; Dumpster; Elevators; Exercise Room; Game Room; Gated Community; Laundry; Pool; Sauna/Steam Room; Security-24 hour; Whirlpool Rooms: Master Bedroom Sale Type: As Is Utilities: Electricity – Connected; Public Sewer – Connected; Public Water – Connected Waterfront Type: Gulf Waterfront Feature: Shore – Beach Waterview: Gulf Present Zoning: Resid Single Family

Room Information

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

Listing Office: Fun Quest Vacation Rentals Corp

Last Updated: May – 30 – 2026

Information deemed reliable but not guaranteed.