$350,000
Panama City, FL 32408
MLS# 776840
1 beds | 2 baths | 740 sqft
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Property Description
Unit 518 at The Summit is a prime investment opportunity in one of Panama City Beach's most established Gulf-front resorts. This income-generating condo offers direct beach access and full resort amenities, including two pools, hot tubs, fitness center, tiki bar, on-site market, and 24/7 security—features that drive consistent guest demand year-round. With a proven rental history, and professional management in place this unit is turn-key and ready to continue producing revenue! The Summit's central location on Thomas Drive provides walkable access to restaurants, shops, and family attractions, further enhancing its appeal to vacation renters. Whether you're looking to expand your short-term rental portfolio or secure a high-yield beach asset with strong appreciation potential, Unit 518 delivers both immediate cash flow and long-term upside in the heart of PCB!!! Contact me today!
Details
Maps
Contract Info
Status: Active
List Date: 2025-07-28
List Price: $350,000
List Price/SqFt: 472.97
Current Price: $350,000
Location
Area: 03 - Bay County - Beach
Street #: 8743
Street Name: Thomas
Street Suffix: Drive
Unit #: 518
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 - Beach - South of Grand Lagoon
Subdivision: Summit
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Parcel ID: 30236-132-000
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: From panama city take 98 over hathaway brdg, left onto thomas dr, thomas drive bends to the rght, summit building on left
Legal Description: THE SUMMIT UNIT 518 PLAN A ORB 989 P 1046 1BR 1.5B 740 H&C ORB 4705 P 991
General Property Info
Sub-Type: Condominium
Floor Number: 5
Design: High-Rise (8+ floors)
Apx SqFt(Htd/Cooled): 740
SqFt Source: Prop App Site
Bedrooms: 1
Full Baths: 1
Half Baths: 1
Total Baths: 2
# of Stories in Building: 15
Year Built: 1984
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 0x0
Pool: Yes
Pool Type: Community
Property Features
Appliances: Dishwasher; Disposal; Microwave; Oven - Electric; Range - Electric; Refrigerator; Washer/Dryer Stacked; Water Heater - Electric
Master Bedroom: First
Cooling: Ceiling Fan(s); Central Air; Electric
Heating: Central; Electric
Exterior: Balcony
Association Fees Include: Accounting; BBQ Pit/Grill; Beach; TV Cable; Dumpster; Exercise Room; Game Room; Gated Community; Insurance; Internet-WiFi; Ground Keeping; Management; Pest Control; Pool; Sauna/Steam Room; Security; Trash Disposal; Water
Financing: Cash; Conventional
Furnished: Furnished
Interior: Bunk Room
Lot Features: Near Beach Access; Waterfront; Within 1/2 Mile to Water
Lot Access: City Street; Gated Access; Paved Road
Pool Features: Inground
Security Features: Building Security; Gated Community; Security Gate; Smoke Detector(s)
Parking Features: Parking Lot
Association Amenities: BBQ Pit/Grill; Dumpster; Elevators; Exercise Room; Game Room; Gated Community; Laundry; Pool; Sauna/Steam Room; Security-24 hour; Whirlpool
Rooms: Master Bedroom
Sale Type: As Is
Utilities: Electricity - Connected; Public Sewer - Connected; Public Water - Connected
Waterfront Type: Gulf
Waterfront Feature: Shore - Beach
Waterview: Gulf
Present Zoning: Resid Single Family
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Master Bedroom | First | 15 x 11 | 15.00 | 11.00 | 15 x 11 |
Listing Office: Fun Quest Vacation Rentals Corp
Last Updated: July - 28 - 2025
Information deemed reliable but not guaranteed.