8743 Thomas Drive 810, Panama City Beach, FL 32408 (MLS# 791705)

Floor Number: 8

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

List Price/SqFt: 445.81

Status: Active

List Date: 2026-06-04

List Price: $329,900

Current Price: $329,900

Unit #: 810

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 is at 8743 Thomas Dr, Panama City Beach, on the Gulf next to the new Tootsie's (former Spinnaker). Unit 810 is direct beachfront on the 8th floor.

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: 30236-220-000

Legal Description: THE SUMMIT UNIT 810 1BR 1.5B 740 H&C ORB 989 P 1046 PLAN A ORB 4382 P 247

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: $56,643 in revenue July '25 to June '26: a 16.7% ROI on the asking price! A newly renovated, 8th-floor, direct-beachfront 1BR/2BA at The Summit that is also a proven cash machine. Wake up to unobstructed Gulf views from your private 8th-floor balcony, then cozy up by the electric fireplace after a day on the sand. The full renovation shows everywhere: a new white shaker kitchen with quartz counters, mosaic tile backsplash, and stainless appliances; updated baths with marble-look tile and quartz vanities; a new memory-foam king; and wood-look plank flooring throughout, finished with designer coastal touches like a sliding barn door and blue velvet accent chairs. It sleeps five with the king, a queen sleeper sofa, and a built-in twin-over-twin bunk nook, and comes complete with an in-unit washer and dryer, two smart TVs, and a fully equipped kitchen, sold fully furnished and truly turnkey. It also sits right next to the booming new Tootsie's in the legendary former Spinnaker Beach Club, a fresh demand driver for the entire resort. The Summit offers two Gulf-front pools (one seasonally heated), 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, years of five-star reviews, and a loyal repeat-guest base, the unit has a proven track record, and about 12% 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. Full rent roll available to qualified buyers.

Dishwasher: 1

Dryer: 1

Microwave: 1

Range - Electric: 1

Refrigerator: 1

Washer: 1

Washer/Dryer Stacked: 1

Fireplace: 1

Floor - Vinyl Plank: 1

Balcony: 1

Shore - Beach: 1

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: 1

Bunk Hallway: 1

Dedicated Beach: 1

Parking Lot: 1

BBQ Pit/Grill: 1

Beach: 1

Elevators: 1

Exercise Room: 1

Game Room: 1

Gated Community: 1

Pool: 1

Sauna/Steam Room: 1

Tennis: 1

Whirlpool: 1

Dining: 1

Pickle Ball: 1

Shuffleboard Court: 1

Bedroom: 1

TV Cable: 1

Gulf: 1

Unobstructed: 1

As Is: 1

Gulf: 1

Second: 1

Fireplace - Electric: 1

24 Hour Security: 1

Building Security: 1

Gated Community: 1

Security Guard: 1