8743 Thomas Drive 518, Panama City, FL 32408 (MLS# 784607)

Homestead: No

HOA Fee: Yes

HOA Amount: 2243

HOA Frequency: Quarterly

HOA Annual Amount: 8972

Senior Community: No

New Buyer Fee: No

Last Taxes: 3508

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Condo Doc: Yes

List Price/SqFt: 472.97

Status: Active

List Date: 2026-02-01

List Price: $350,000

Current Price: $350,000

Unit #: 518

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: Yes

Gulf Access: Yes

Elementary School: Breakfast Point

Middle School: Breakfast Point

High School: Arnold

Directions: FROM HATHAWAY BRIDGE HEADING WEST, TURN LEFT ONTO JOAN AVE. TURN RIGHT ONTO THOMAS DRIVE, SUMMIT ON LEFT.

Area: 03 - Bay County - Beach

Street #: 8743

Street Name: Thomas

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Summit

Parcel ID: 30236-132-000

Legal Description: THE SUMMIT UNIT 518 PLAN A ORB 989 P 1046 1BR 1.5B 740 H&C ORB 4705 P 991

Floor Number: 5

Design: High-Rise (8+ floors)

Apx SqFt(Htd/Cooled): 740

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

# of Stories in Building: 15

Lot Dimensions: 0x0

New Construction: No

Garage Y/N: No

Pool: Yes

Pool Type: Community

Sub-Type: Condominium

Bedrooms: 1

Full Baths: 1

Total Baths: 2

Year Built: 1984

Remarks: 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!

Inground: 1

Dishwasher: 1

Disposal: 1

Microwave: 1

Oven - Electric: 1

Range - Electric: 1

Refrigerator: 1

Washer/Dryer Stacked: 1

Water Heater - Electric: 1

Breakfast Bar: 1

Floor - Vinyl: 1

Window - Treatment Some: 1

Balcony: 1

Shore - Beach: 1

Accounting: 1

BBQ Pit/Grill: 1

Beach: 1

Dumpster: 1

Exercise Room: 1

Game Room: 1

Gated Community: 1

Ground Keeping: 1

Insurance: 1

Internet-WiFi: 1

Management: 1

Pest Control: 1

Pool: 1

Sauna/Steam Room: 1

Security: 1

Trash Disposal: 1

TV Cable: 1

Water: 1

Cash: 1

Conventional: 1

Furnished: 1

Bunk Room: 1

Near Beach Access: 1

Waterfront: 1

Within 1/2 Mile to Water: 1

City Street: 1

Gated Access: 1

Paved Road: 1

Parking Lot: 1

MBath Shower/Tub Combo: 1

Resid Single Family: 1

BBQ Pit/Grill: 1

Dumpster: 1

Elevators: 1

Exercise Room: 1

Game Room: 1

Gated Community: 1

Laundry: 1

Pool: 1

Sauna/Steam Room: 1

Security-24 hour: 1

Whirlpool: 1

Master Bedroom: 1

Electricity - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Gulf: 1

As Is: 1

Gulf: 1

First: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

Building Security: 1

Gated Community: 1

Security Gate: 1

Smoke Detector(s): 1