$349,000
Panama City Beach, FL 32408
MLS# 791704
1 beds | 2 baths | 740 sqft
1 / 105
Property Description
$70,121 in revenue June '25 to May '26: a 20.1% ROI on the asking price! One of the strongest-earning 1-bedrooms at The Summit, this fully renovated, direct-beachfront 1BR/2BA pairs chart-topping income with a feature that is almost impossible to find on the sand: a low, 2nd-floor location. There are no elevator waits - guests simply take the stairs and they are on the beach in seconds. The Gulf and the resort pools sit at near-eye level from the private beachfront balcony, and it is the single most praised detail across years of five-star reviews. It is also exactly why 209 out-earns Summit units on the floors above it. Beautifully updated throughout, the condo features wood-look plank flooring, a granite kitchen with glass-tile backsplash, stainless appliances and a dishwasher, refreshed bathrooms, and a smart Nest thermostat. A king bedroom, a queen sleeper sofa, a built-in twin-over-twin bunk nook the kids love, and two comfortable recliners let it sleep five. An in-unit washer and dryer plus new sliding glass doors complete a true turnkey package. The timing could not be better: the new Tootsie's just opened next door in the legendary former Spinnaker Beach Club and it is already packed, pulling fresh nightlife and foot traffic straight to the resort. The Summit offers two Gulf-front pools (one seasonally heated) and two children's pools, two outdoor and one indoor hot tub, his-and-hers saunas, a fitness center, tennis and pickleball, shuffleboard, a poolside tiki bar, the on-site Bar & Grill, and gated 24-hour security with direct private beach access. With established Airbnb and VRBO listings and a loyal base of repeat guests, this condo has a proven track record of success, and nearly 40% of its revenue already comes from direct and repeat bookings, well above the Panama City Beach market average. As an added bonus, the seller's revenue consultant will personally assist the buyer in expanding the property's direct-booking strategy through modern AI, automation, and data-driven revenue management techniques. The income is the headline, and the rare 2nd floor is the edge no higher unit can match. ***Visit listings.megavacations.net for the full portfolio -- document vault, detailed financials, photos, and more.***
Details
Maps
Contract Info
List Price/SqFt: 471.62
Status: Active
List Date: 2026-06-04
List Price: $349,000
Current Price: $349,000
Location
Unit #: 209
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 209 is on the 2nd floor. 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: 30236-027-000
Legal Description: THE SUMMIT UNIT 209 1BR 1.5B 740 H&C ORB 989 P 1046 PLAN A ORB 4523 P 951
General Property Info
Floor Number: 2
Design: High-Rise (8+ floors)
Apx SqFt(Htd/Cooled): 740
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
Listing Info, Tax and Legal
HOA Fee: Yes
HOA Amount: 2245
HOA Frequency: Quarterly
HOA Annual Amount: 8980
New Buyer Fee: No
Last Tax Year: 2025
Brokerage Interest: Familial Interest - Listing Broker/Licensee related to owner.
As Is: Yes
Condo Doc: Yes
Remarks & Misc
Remarks: $70,121 in revenue June '25 to May '26: a 20.1% ROI on the asking price! One of the strongest-earning 1-bedrooms at The Summit, this fully renovated, direct-beachfront 1BR/2BA pairs chart-topping income with a feature that is almost impossible to find on the sand: a low, 2nd-floor location. There are no elevator waits - guests simply take the stairs and they are on the beach in seconds. The Gulf and the resort pools sit at near-eye level from the private beachfront balcony, and it is the single most praised detail across years of five-star reviews. It is also exactly why 209 out-earns Summit units on the floors above it. Beautifully updated throughout, the condo features wood-look plank flooring, a granite kitchen with glass-tile backsplash, stainless appliances and a dishwasher, refreshed bathrooms, and a smart Nest thermostat. A king bedroom, a queen sleeper sofa, a built-in twin-over-twin bunk nook the kids love, and two comfortable recliners let it sleep five. An in-unit washer and dryer plus new sliding glass doors complete a true turnkey package. The timing could not be better: the new Tootsie's just opened next door in the legendary former Spinnaker Beach Club and it is already packed, pulling fresh nightlife and foot traffic straight to the resort. The Summit offers two Gulf-front pools (one seasonally heated) and two children's pools, two outdoor and one indoor hot tub, his-and-hers saunas, a fitness center, tennis and pickleball, shuffleboard, a poolside tiki bar, the on-site Bar & Grill, and gated 24-hour security with direct private beach access. With established Airbnb and VRBO listings and a loyal base of repeat guests, this condo has a proven track record of success, and nearly 40% of its revenue already comes from direct and repeat bookings, well above the Panama City Beach market average. As an added bonus, the seller's revenue consultant will personally assist the buyer in expanding the property's direct-booking strategy through modern AI, automation, and data-driven revenue management techniques. The income is the headline, and the rare 2nd floor is the edge no higher unit can match. ***Visit listings.megavacations.net for the full portfolio -- document vault, detailed financials, photos, and more.***
Association Fees Include
Business Center: 1
Dumpster: 1
Exercise Room: 1
Game Room: 1
Internet-WiFi: 1
Pool: 1
Sauna/Steam Room: 1
Tennis: 1
Whirlpool: 1
Furnished
Furnished: 1
Rooms
Bedroom: 1
Utilities
TV Cable: 1
Waterfront Type
Gulf: 1
Bedroom
Second: 1
Property Features
Bedroom: Second
Association Fees Include: Business Center; Dumpster; Exercise Room; Game Room; Internet-WiFi; Pool; Sauna/Steam Room; Whirlpool; Tennis
Furnished: Furnished
Rooms: Bedroom
Utilities: TV Cable
Waterfront Type: Gulf
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions | Remarks |
| Bedroom | Second | 0 x 0 | 0.00 | 0.00 | 0 x 0 | Condo |
Listing Office: Alikhver Realty
Last Updated: June - 22 - 2026
Information deemed reliable but not guaranteed.