8743 Thomas Drive #1202, Panama City Beach, FL 32408
Local realty services provided by:Better Homes and Gardens Real Estate Historic
8743 Thomas Drive #1202,Panama City Beach, FL 32408
$265,000
- 1 Beds
- 2 Baths
- - sq. ft.
- Condominium
- Sold
Listed by: matt w wright
Office: think real estate
MLS#:791979
Source:FL_BCMLS
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Price summary
- Price:$265,000
- Monthly HOA dues:$748.33
About this home
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....
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Home facts
- Year built:1984
- Subdivision & Development:The Summit
- Listing ID #:791979
- Added:134 day(s) ago
- Updated:November 11, 2026 at 07:18 AM
Rooms and interior
- Bedrooms:1
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Rooms Total:1
- Kitchen Description:Electric Range, Electric Water Heater
Heating and cooling
- Cooling:CentralAir
- Central air:Yes
Structure and exterior
- Year built:1984
- Architectural Style:High Rise
- Exterior Features:Balcony
Schools
- High school:Arnold
- Middle school:Breakfast Point
- Elementary school:Breakfast Point
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$265,000
Features and amenities
- Laundry features:Washer Dryer Stacked
- Amenities:BuildingSecurity, ElectricRange, ElectricWaterHeater, Gated, GatedCommunity, Picnic Area, SecurityService, WasherDryerStacked
- Pool features:Community
Parking
- Parking description:Parking Lot
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