8743 Thomas Drive #209, Panama City Beach, FL 32408
Local realty services provided by:Better Homes and Gardens Real Estate Historic
8743 Thomas Drive #209,Panama City Beach, FL 32408
$349,900
- 1 Beds
- 2 Baths
- 740 sq. ft.
- Condominium
- Active
Listed by: gleb alikhver
Office: alikhver realty
MLS#:791704
Source:FL_BCMLS
Price summary
- Price:$349,900
- Price per sq. ft.:$472.84
- Monthly HOA dues:$748.33
About this home
$56,765 in revenue July '25 to June '26: a 16.3% ROI on the asking price! One of the strongest-earning 1-bedrooms at The Summit, this fully renovated, direct-beachfront 1BR/2BA pairs strong income with a feature that is almost impossible to find on the sand: a low, 2nd-floor location. There are no elevator waits - guests simply take the stairs and they are on the beach in seconds. The Gulf and the resort pools sit at near-eye level from the private beachfront balcony, and it is the single most praised detail across years of five-star reviews.
It is also exactly why 209 out-earns Summit units on the floors above it. Beautifully updated throughout, the condo features wood-look plank flooring, a granite kitchen with glass-tile backsplash, stainless appliances and a dishwasher, refreshed bathrooms, and a smart Nest thermostat. A king bedroom, a queen sleeper sofa, a built-in twin-over-twin bunk nook the kids love, and two comfortable recliners let it sleep five. An in-unit washer and dryer plus new sliding glass doors complete a true turnkey package.
The timing could not be better: the new Tootsie's just opened next door in the legendary former Spinnaker Beach Club and it is already packed, pulling fresh nightlife and foot traffic straight to the resort. The Summit offers two Gulf-front pools (one seasonally heated) and two children's pools, two outdoor and one indoor hot tub, his-and-hers saunas, a fitness center, tennis and pickleball, shuffleboard, a poolside tiki bar, the on-site Bar & Grill, and gated 24-hour security with direct private beach access. With established Airbnb and VRBO listings and a loyal base of repeat guests, this condo has a proven track record of success, and about 17% of its revenue already comes from direct and repeat bookings, well above the Panama City Beach market average. As an added bonus, the seller's revenue consultant will personally assist the buyer in expanding the property's direct-booking strategy through modern AI, automation, and data-driven revenue management techniques.
The income is the headline, and the rare 2nd floor is the edge no higher unit can match. Full rent roll available to qualified buyers....
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Home facts
- Year built:1984
- Subdivision & Development:The Summit
- Listing ID #:791704
- Added:45 day(s) ago
- Updated:August 07, 2026 at 02:27 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Rooms Total:1
- Living area:740 sq. ft.
Structure and exterior
- Year built:1984
- Building area:740 sq. ft.
- Architectural Style:High Rise
- Levels:15 Stories
Schools
- High school:Arnold
- Middle school:Breakfast Point
- Elementary school:Breakfast Point
Finances and disclosures
- Price:$349,900
- Price per sq. ft.:$472.84
Features and amenities
- Pool features:Community
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