8743 Thomas Drive 505, Panama City Beach, FL 32408 (MLS# 797216)

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

Accessory Dwelling Unit: No

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: 1

Year Built: 1984

List Price/SqFt: 505.41

Status: Active

List Date: 2026-10-30

List Price: $374,000

Current Price: $374,000

Unit #: 505

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: Yes

Gulf Access: No

Elementary School: Breakfast Point

Middle School: Breakfast Point

High School: Arnold

Directions: From Panama City, take Hwy 98 West across the Hathaway Bridge toward Panama City Beach. Turn left onto Front Beach Rd, left onto Joan Ave, then right onto Thomas Dr. The Summit will be on your 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: 30236-119-000

Legal Description: THE SUMMIT UNIT 505 TIMESHARE CANCELED ORB 989 P 1046 ORB 4015 P 181 PLAN A 1BR 1.5B 740 H&C

Homestead: No

HOA Fee: Yes

HOA Amount: 2245

HOA Frequency: Quarterly

HOA Annual Amount: 8980

New Buyer Fee: No

Last Taxes: 3507.73

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Condo Doc: Yes

Remarks: Enjoy beautiful Gulf views from this recently completely renovated, fully furnished 5th floor condo at The Summit. This 1-bedroom, 1-bath unit with a twin-bed nook in the hallway accommodates up to five guests. The quality remodel complements an exceptional rental history and impressive rental income, making this unit an appealing beach getaway or investment property. The spacious Gulf-front balcony features updated epoxy flooring and a new railing. Resort amenities include direct beach access, two pools--one seasonally heated--two hot tubs, a fitness center, game room, tennis courts, and convenient on-site dining and refreshments. Head next door to Tootsie's Orchid Lounge for food, drinks, and live music, or explore nearby shopping, entertainment, and St. Andrews State Park. For buyers who retain the current rental management company, management is prepared to honor existing reservations, assist with a smooth ownership transition, and offer a discounted management rate.

Heated - Electric: 1

Inground: 1

Spa/ Hot Tub: 1

Dishwasher: 1

Dryer: 1

Microwave: 1

Oven - Electric: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Balcony: 1

Shore - Beach: 1

BBQ Pit/Grill: 1

Beach: 1

Exercise Room: 1

Game 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

Tennis: 1

Water: 1

Whirlpool: 1

Cash: 1

Conventional: 1

Furnished: 1

Waterfront: 1

Gated Access: 1

Paved Road: 1

Parking Lot: 1

Paved: 1

Primary Bedroom: 1

Electricity - Connected: 1

Gulf: 1

As Is: 1

Gulf: 1

First: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

MBath Shower Only: 1

MBed First Floor: 1

MBed Sitting Area: 1

24 Hour Security: 1

Fire Alarm: 1

Gated Community: 1

Gated with Guard: 1

Security Gate: 1