8743 Thomas Drive 523, Panama City Beach, FL 32408 (MLS# 789667)

List Price/SqFt: 479.59

Status: Active

List Date: 2026-05-09

List Price: $354,900

Current Price: $354,900

Unit #: 523

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: Corner of Thomas Dr. and Joan Ave turn right first complex on the left. The Summit

Area: 03 - Bay County - Beach

Street #: 8743

Street Name: Thomas

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: The Summit

Parcel ID: 30236-137-000

Legal Description: THE SUMMIT UNIT 523 1BR 1.5B 740 H&C ORB 989 P 1046 PLAN A ORB 4528 P 1923

Floor Number: 15

Design: High-Rise (8+ floors)

Apx SqFt(Htd/Cooled): 740

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

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

HOA Fee: Yes

HOA Amount: 2243

HOA Frequency: Quarterly

HOA Annual Amount: 8972

New Buyer Fee: Yes

New Buyer Fee Amt: 250

New Buyer Fee Paid: $

Brokerage Interest: No Interest

As Is: Yes

Condo Doc: Yes

Remarks: Gulf-front investment opportunity at Summit Beach Resort in Panama City Beach. This beautifully maintained one-bedroom, one-and-a-half-bath condominium offers stunning, unobstructed views of the Gulf of Mexico from a private balcony and a highly functional floor plan that comfortably accommodates up to six guests. The unit features a fully renovated kitchen, in-unit washer and dryer, spacious living area with sleeper sofa, luxury vinyl plank flooring throughout, and wood-look tile in the oversized primary bedroom. Additional highlights include hallway bunk beds and a convenient Jack-and-Jill bathroom design, making the layout ideal for vacation rentals and family getaways alike. Summit Beach Resort is a highly sought-after, amenity-rich beachfront resort offering multiple pools, hot tubs, sauna, tennis courts, shuffleboard, an on-site Tiki bar, grilling area, arcade/game room, playground, beach services, water sports, and a sundry shop. Whether you are seeking a strong short-term rental investment or your own personal beachfront retreat, this property offers immediate enjoyment with excellent income potential and long-term upside. Amazing income!

Accounting: 1

BBQ Pit/Grill: 1

Exercise Room: 1

Game Room: 1

Gated Community: 1

Ground Keeping: 1

Insurance: 1

Internet-WiFi: 1

Pool: 1

Sauna/Steam Room: 1

Security: 1

Sewer: 1

Tennis: 1

Whirlpool: 1

Furnished: 1

Master Bedroom: 1

Electricity - Connected: 1

Public Sewer - Connected: 1

Other - See Remarks: 1

Gulf: 1

First: 1