8743 Thomas DR #1202, Panama City Beach, FL 32408
8743 Thomas DR #1202, Panama City Beach, FL 32408
8743 Thomas DR #1202, Panama City Beach, FL 32408
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$290,000
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1 Bed
2 Baths
740 SqFt
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8743 Thomas DR #1202 Panama City Beach, FL 32408

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Lee Ann Swartzentruber

Lee Ann Swartzentruber

+1(850) 774-3186

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 740 sqft

Price per Sqft $391

Subdivision The Summit

MLS Listing ID 791979

Style High Rise

Bedrooms 1

Full Baths 1

Half Baths 1

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

Restrictions Short Term Rentals Allowed

Tax ID 30236-340-000

Security Features Building Security,Gated with Guard,Gated Community,24 Hour Security,Security Service


Listed by Think Real Estate

NEARBY SCHOOL & BUSINESS

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Lee Ann Swartzentruber

Lee Ann Swartzentruber

Licensed FL Agent / Team Lead | License ID: 3285613

+1(850) 774-3186

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8743 Thomas DR #1202