$339,000
Panama City Beach, FL 32408
MLS# 791705
1 beds | 2 baths | 740 sqft
1 / 108
Property Description
$68,849 in revenue May '25 to April '26: a 20.3% 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 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. ***Visit listings.megavacations.net for the full portfolio -- document vault, detailed financials, photos, and more.***
Details
Maps
Contract Info
List Price/SqFt: 458.11
Status: Active
List Date: 2026-06-04
List Price: $339,000
Current Price: $339,000
Location
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
General Property Info
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
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: $68,849 in revenue May '25 to April '26: a 20.3% 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 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. ***Visit listings.megavacations.net for the full portfolio -- document vault, detailed financials, photos, and more.***
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Range - Electric: 1
Refrigerator: 1
Washer: 1
Washer/Dryer Stacked: 1
Interior Features
Fireplace: 1
Floor - Vinyl Plank: 1
Exterior
Balcony: 1
Waterfront Feature
Shore - Beach: 1
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
Interior
Bunk Hallway: 1
Lot Features
Dedicated Beach: 1
Parking Features
Parking Lot: 1
Association Amenities
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
Rooms
Bedroom: 1
Utilities
TV Cable: 1
Waterview
Gulf: 1
Unobstructed: 1
Sale Type
As Is: 1
Waterfront Type
Gulf: 1
Bedroom
Second: 1
Heating
Fireplace - Electric: 1
Security Features
24 Hour Security: 1
Building Security: 1
Gated Community: 1
Security Guard: 1
Property Features
Appliances: Dishwasher; Dryer; Microwave; Range - Electric; Refrigerator; Washer; Washer/Dryer Stacked
Bedroom: Second
Heating: Fireplace - Electric
Exterior: Balcony
Association Fees Include: Business Center; Dumpster; Exercise Room; Game Room; Internet-WiFi; Pool; Sauna/Steam Room; Whirlpool; Tennis
Furnished: Furnished
Interior: Bunk Hallway
Lot Features: Dedicated Beach
Security Features: 24 Hour Security; Building Security; Gated Community; Security Guard
Parking Features: Parking Lot
Association Amenities: BBQ Pit/Grill; Beach; Dining; Elevators; Exercise Room; Game Room; Gated Community; Pickle Ball; Pool; Sauna/Steam Room; Shuffleboard Court; Whirlpool; Tennis
Rooms: Bedroom
Sale Type: As Is
Utilities: TV Cable
Waterfront Type: Gulf
Waterfront Feature: Shore - Beach
Waterview: Gulf; Unobstructed
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.