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

List Price/SqFt: 439.19

Status: Under Contract - Taking Backups

List Date: 2026-02-01

List Price: $325,000

Current Price: $325,000

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

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

Remarks: CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Unit 518 at The Summit is a prime investment opportunity in one of Panama City Beach's most established Gulf-front resorts. Completely remodeled bathroom in January 2025! 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! 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

Under Contract Date: 2026-03-19