$265,000
$280,000
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8743 Thomas DR #1202 Panama City Beach, FL 32408
1 Bed
2 Baths
740 SqFt
Key Details
Sold Price $265,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 740 sqft
Price per Sqft $358
Subdivision The Summit
MLS Listing ID 791979
Sold Date 10/22/26
Style High Rise
Bedrooms 1
Full Baths 1
Half Baths 1
HOA Fees $748/qua
HOA Y/N Yes
Year Built 1984
Tax Year 2025
Property Sub-Type Condominium
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.
Location
State FL
County Bay
Community 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
Area 03 - Bay County - Beach
Interior
Cooling Central Air
Fireplace No
Appliance Washer/Dryer Stacked, Electric Range, Electric Water Heater
Laundry Stacked
Exterior
Parking Features Parking Lot
Pool Community
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
Utilities Available High Speed Internet Available
Amenities Available Business Center, Gated, Barbecue, Picnic Area
Waterfront Description Gulf
View Y/N Yes
Water Access Desc Gulf
View Gulf
Porch Balcony
Private Pool No
Building
Sewer Public Sewer
Architectural Style High Rise
New Construction No
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
HOA Fee Include Clubhouse,Cable TV,Fitness Facility,Insurance,Internet,Maintenance Grounds,Pest Control,Pool(s),Sewer,Security,Trash,Water
Restrictions Short Term Rentals Allowed
Tax ID 30236-340-000
Security Features Building Security,Gated with Guard,Gated Community,24 Hour Security,Security Service
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