8743 Thomas Drive 1202, Panama City Beach, FL 32408 (MLS# 791979)

List Price/SqFt: 391.89

Status: Active

List Date: 2026-06-29

List Price: $290,000

Current Price: $290,000

Unit #: 1202

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: The Summit Resort, 8743 Thomas Drive, direct beachfront. Unit 1202 is on the 12th floor. Enter from the elevators to the far right of The Summitt. Open resort parking on site.

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: 30236-340-000

Legal Description: THE SUMMIT UNIT 1202 1BR 1.5B 740 H&C ORB 1059 P 1779,1787 PLAN A

Floor Number: 12

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: 2245

HOA Frequency: Quarterly

HOA Annual Amount: 8980

New Buyer Fee: No

Last Tax Year: 2025

Brokerage Interest: No Interest

Township: Panama City, FL

Condo Doc: Yes

Remarks: 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 vacation rental destinations, with decades of strong Airbnb and VRBO 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. 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 kind of convenience today's vacation renters actively seek. Enjoy unobstructed Gulf views from its private balcony and comes fully furnished and rental-ready. The floor plan includes a king bedroom, hallway bunk beds, and a half bath. 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, the future potential has never looked stronger. All information is deemed reliable but should be independently verified by buyers if important.

Microwave: 1

Range - Electric: 1

Refrigerator: 1

Washer/Dryer Stacked: 1

Water Heater - Electric: 1

Floor - Tile: 1

Balcony: 1

BBQ Pit/Grill: 1

Business Center: 1

Community Room: 1

Dumpster: 1

Exercise Room: 1

Gated Community: 1

Ground Keeping: 1

Insurance: 1

Internet-WiFi: 1

Pest Control: 1

Picnic Area: 1

Pool: 1

Security: 1

Sewer: 1

Trash Disposal: 1

TV Cable: 1

Water: 1

Cash: 1

Conventional: 1

Furnished: 1

Bunk Hallway: 1

City Street: 1

Parking Lot: 1

Basketball Court: 1

BBQ Pit/Grill: 1

Beach: 1

Business Center: 1

Community Room: 1

Dumpster: 1

Elevators: 1

Exercise Room: 1

Laundry: 1

Pool: 1

Sauna/Steam Room: 1

Security-24 hour: 1

Tennis: 1

Waterfront: 1

Whirlpool: 1

Shuffleboard Court: 1

Bedroom: 1

Garbage: 1

Internet - Broadband Available: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Gulf: 1

Gulf: 1

First: 1

Central Air: 1

24 Hour Security: 1

Building Security: 1

Gated Community: 1

Gated with Guard: 1