8743 Thomas Drive 810, Panama City Beach, FL 32408

$314,900
Property Type: Residential Bedrooms: 1 Baths: 2 Square Footage: 740 Status: Active
Current Price: $314,900 List Date: 6/22/2026 Last Modified: 9/25/2026

Overview

Description

$55,537 in gross rental revenue from July 2025-July 2026 — equivalent to approximately 18% of the current asking price in gross rental revenue! Even more impressive, this income was generated while the unit was off the rental market from November 2025 through April 2026 due to the resort's balcony renovation project. Beautifully updated 8th-floor, direct-beachfront 1BR/1.5BA with Gulf views from the private balcony and direct private beach access. The unit features a quartz-countertop kitchen with mosaic tile backsplash and stainless-steel appliances, updated bathrooms with new vanities, luxury plank flooring, a stylish sliding barn door, and more. Sleeping accommodations include a king-size bed with a new memory-foam mattress, a queen-size sleeper sofa with a new memory-foam mattress, and a built-in twin-over-twin bunk bed. Additional highlights include an electric fireplace, in-unit washer/dryer, two TVs, and tasteful coastal décor. Fully furnished and turnkey, with establish …

Listing Details MLS# 791705

Contract Info

List Price/SqFt
425.54

Location

Area
03 – Bay County – Beach
Street #
8743
Street Name
Thomas
Street Suffix
Drive
Unit #
810
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
30236-220-000
Elementary School
Breakfast Point
Middle School
Breakfast Point
High School
Arnold
Directions
The Summit resort is at 8743 Thomas Dr, Panama City Beach, on the Gulf next to the new Tootsie's (former Spinnaker). Unit 810 is direct beachfront on the 8th floor.
Legal Description
THE SUMMIT UNIT 810 1BR 1.5B 740 H&C ORB 989 P 1046 PLAN A ORB 4382 P 247

General Property Info

Sub-Type
Condominium
Floor Number
8
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
Accessory Dwelling Unit
No
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
Familial Interest – Listing Broker/Licensee related to owner.
As Is
Yes
Condo Doc
Yes

Remarks & Misc

Remarks
$55,537 in gross rental revenue from July 2025-July 2026 — equivalent to approximately 18% of the current asking price in gross rental revenue! Even more impressive, this income was generated while the unit was off the rental market from November 2025 through April 2026 due to the resort's balcony renovation project. Beautifully updated 8th-floor, direct-beachfront 1BR/1.5BA with Gulf views from the private balcony and direct private beach access. The unit features a quartz-countertop kitchen with mosaic tile backsplash and stainless-steel appliances, updated bathrooms with new vanities, luxury plank flooring, a stylish sliding barn door, and more. Sleeping accommodations include a king-size bed with a new memory-foam mattress, a queen-size sleeper sofa with a new memory-foam mattress, and a built-in twin-over-twin bunk bed. Additional highlights include an electric fireplace, in-unit washer/dryer, two TVs, and tasteful coastal décor. Fully furnished and turnkey, with established Airbnb and VRBO listings and hundreds of 5-star reviews, making this an established and proven vacation rental. The Summit offers Gulf-front pools, children's pools, indoor and outdoor hot tubs, saunas, a fitness center, tennis, pickleball, shuffleboard, a tiki bar, an on-site Bar & Grill, gated 24-hour security, and private beach access. Conveniently located near the new and highly popular Tootsie's, as well as dining, entertainment, and popular Panama City Beach attractions. Minimal maintenance and easy ownership make this an especially attractive vacation-rental investment or second home. With proven rental income, an attractive purchase price, an unbeatable location, and direct Gulf access, opportunities like this don't come along often!

Pool Features

Heated – Gas
Yes
Saltwater
Yes
Spa/ Hot Tub
Yes

More Information

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Oven – Electric
Yes
Refrigerator
Yes
Trash Compactor
Yes
Washer
Yes
Washer/Dryer Stacked
Yes

Interior Features

Elevator
Yes
Fireplace
Yes
Floor – Vinyl Plank
Yes
Sauna/Steam
Yes
Window – Treatment All
Yes

Exterior

Balcony
Yes
Fireplace
Yes

Waterfront Feature

Shore – Beach
Yes

Association Fees Include

Business Center
Yes
Dumpster
Yes
Exercise Room
Yes
Game Room
Yes
Gated Community
Yes
Internet Service
Yes
Internet-WiFi
Yes
Laundry
Yes
Pool
Yes
Sauna/Steam Room
Yes
Security
Yes
Tennis
Yes
Trash Disposal
Yes
TV Cable
Yes
Water
Yes
Whirlpool
Yes

Furnished

Furnished
Yes

Interior

Bunk Hallway
Yes
Smart Thermostat
Yes

Lot Features

Dedicated Beach
Yes

Parking Features

Parking Lot
Yes

Association Amenities

BBQ Pit/Grill
Yes
Beach
Yes
Dumpster
Yes
Elevators
Yes
Exercise Room
Yes
Game Room
Yes
Gated Community
Yes
Pool
Yes
Sauna/Steam Room
Yes
Tennis
Yes
Waterfront
Yes
Whirlpool
Yes
Dining
Yes
Pickle Ball
Yes
Shuffleboard Court
Yes

Rooms

Bedroom
Yes

Utilities

TV Cable
Yes
Public Sewer – Connected
Yes
Public Water – Connected
Yes

Waterview

Gulf
Yes
Unobstructed
Yes

Sale Type

As Is
Yes

Waterfront Type

Gulf
Yes

Bedroom

Second
Yes

Cooling

Central Air
Yes

Heating

Central
Yes
Fireplace – Electric
Yes

Security Features

24 Hour Security
Yes
Building Security
Yes
Fire Alarm
Yes
Fire Sprinkler System
Yes
Gated Community
Yes
Security Gate
Yes
Security Guard
Yes

Property Features

Appliances: Dishwasher; Dryer; Microwave; Oven – Electric; Refrigerator; Trash Compactor; Washer; Washer/Dryer Stacked Bedroom: Second Cooling: Central Air Heating: Central; Fireplace – Electric Exterior: Balcony; Fireplace Association Fees Include: Business Center; TV Cable; Dumpster; Exercise Room; Game Room; Gated Community; Internet Service; Internet-WiFi; Laundry; Pool; Sauna/Steam Room; Security; Whirlpool; Tennis; Trash Disposal; Water Furnished: Furnished Interior: Bunk Hallway; Smart Thermostat Lot Features: Dedicated Beach Pool Features: Heated – Gas; Saltwater; Spa/ Hot Tub Security Features: 24 Hour Security; Building Security; Fire Alarm; Fire Sprinkler System; Gated Community; Security Gate; Security Guard Parking Features: Parking Lot Association Amenities: BBQ Pit/Grill; Beach; Dining; Dumpster; Elevators; Exercise Room; Game Room; Gated Community; Pickle Ball; Pool; Sauna/Steam Room; Shuffleboard Court; Whirlpool; Tennis; Waterfront Rooms: Bedroom Sale Type: As Is Utilities: TV Cable; Public Sewer – Connected; Public Water – Connected Waterfront Type: Gulf Waterfront Feature: Shore – Beach Waterview: Gulf; Unobstructed

Room Information

Room Name Level Dimensions Length Width Remarks
Bedroom Second 0 x 0 0.00 0.00 Condo
Listing Office: Alikhver Realty
Last Updated: September – 25 – 2026
Information deemed reliable but not guaranteed.