$314,900
Panama City Beach, FL 32408
MLS# 791705
1 beds | 2 baths | 740 sqft
1 / 50
Property Description
$55,537 in gross rental revenue from July 2025-July 2026 -- equivalent to approximately 18% of the current asking price in gross rental revenue! Even more impressive, this income was generated while the unit was off the rental market from November 2025 through April 2026 due to the resort's balcony renovation project. Beautifully updated 8th-floor, direct-beachfront 1BR/1.5BA with Gulf views from the private balcony and direct private beach access. The unit features a quartz-countertop kitchen with mosaic tile backsplash and stainless-steel appliances, updated bathrooms with new vanities, luxury plank flooring, a stylish sliding barn door, and more. Sleeping accommodations include a king-size bed with a new memory-foam mattress, a queen-size sleeper sofa with a new memory-foam mattress, and a built-in twin-over-twin bunk bed. Additional highlights include an electric fireplace, in-unit washer/dryer, two TVs, and tasteful coastal décor. Fully furnished and turnkey, with established Airbnb and VRBO listings and hundreds of 5-star reviews, making this an established and proven vacation rental. The Summit offers Gulf-front pools, children's pools, indoor and outdoor hot tubs, saunas, a fitness center, tennis, pickleball, shuffleboard, a tiki bar, an on-site Bar & Grill, gated 24-hour security, and private beach access. Conveniently located near the new and highly popular Tootsie's, as well as dining, entertainment, and popular Panama City Beach attractions. Minimal maintenance and easy ownership make this an especially attractive vacation-rental investment or second home. With proven rental income, an attractive purchase price, an unbeatable location, and direct Gulf access, opportunities like this don't come along often!
Details
Maps
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
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: 2
Year Built: 1984
Contract Info
List Price/SqFt: 425.54
Status: Active
List Date: 2026-06-04
List Price: $314,900
Current Price: $314,900
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
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: $55,537 in gross rental revenue from July 2025-July 2026 -- equivalent to approximately 18% of the current asking price in gross rental revenue! Even more impressive, this income was generated while the unit was off the rental market from November 2025 through April 2026 due to the resort's balcony renovation project.
Beautifully updated 8th-floor, direct-beachfront 1BR/1.5BA with Gulf views from the private balcony and direct private beach access. The unit features a quartz-countertop kitchen with mosaic tile backsplash and stainless-steel appliances, updated bathrooms with new vanities, luxury plank flooring, a stylish sliding barn door, and more. Sleeping accommodations include a king-size bed with a new memory-foam mattress, a queen-size sleeper sofa with a new memory-foam mattress, and a built-in twin-over-twin bunk bed. Additional highlights include an electric fireplace, in-unit washer/dryer, two TVs, and tasteful coastal décor.
Fully furnished and turnkey, with established Airbnb and VRBO listings and hundreds of 5-star reviews, making this an established and proven vacation rental.
The Summit offers Gulf-front pools, children's pools, indoor and outdoor hot tubs, saunas, a fitness center, tennis, pickleball, shuffleboard, a tiki bar, an on-site Bar & Grill, gated 24-hour security, and private beach access. Conveniently located near the new and highly popular Tootsie's, as well as dining, entertainment, and popular Panama City Beach attractions.
Minimal maintenance and easy ownership make this an especially attractive vacation-rental investment or second home. With proven rental income, an attractive purchase price, an unbeatable location, and direct Gulf access, opportunities like this don't come along often!
Pool Features
Heated - Gas: 1
Saltwater: 1
Spa/ Hot Tub: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Oven - Electric: 1
Refrigerator: 1
Trash Compactor: 1
Washer: 1
Washer/Dryer Stacked: 1
Interior Features
Elevator: 1
Fireplace: 1
Floor - Vinyl Plank: 1
Sauna/Steam: 1
Window - Treatment All: 1
Exterior
Balcony: 1
Fireplace: 1
Waterfront Feature
Shore - Beach: 1
Association Fees Include
Business Center: 1
Dumpster: 1
Exercise Room: 1
Game Room: 1
Gated Community: 1
Internet Service: 1
Internet-WiFi: 1
Laundry: 1
Pool: 1
Sauna/Steam Room: 1
Security: 1
Tennis: 1
Trash Disposal: 1
TV Cable: 1
Water: 1
Whirlpool: 1
Furnished
Furnished: 1
Interior
Bunk Hallway: 1
Smart Thermostat: 1
Lot Features
Dedicated Beach: 1
Parking Features
Parking Lot: 1
Association Amenities
BBQ Pit/Grill: 1
Beach: 1
Dumpster: 1
Elevators: 1
Exercise Room: 1
Game Room: 1
Gated Community: 1
Pool: 1
Sauna/Steam Room: 1
Tennis: 1
Waterfront: 1
Whirlpool: 1
Dining: 1
Pickle Ball: 1
Shuffleboard Court: 1
Rooms
Bedroom: 1
Utilities
TV Cable: 1
Public Sewer - Connected: 1
Public Water - Connected: 1
Waterview
Gulf: 1
Unobstructed: 1
Sale Type
As Is: 1
Waterfront Type
Gulf: 1
Bedroom
Second: 1
Cooling
Central Air: 1
Heating
Central: 1
Fireplace - Electric: 1
Security Features
24 Hour Security: 1
Building Security: 1
Fire Alarm: 1
Fire Sprinkler System: 1
Gated Community: 1
Security Gate: 1
Security Guard: 1
Property Features
Appliances: Dishwasher; Dryer; Microwave; Oven - Electric; Refrigerator; Trash Compactor; Washer; Washer/Dryer Stacked
Bedroom: Second
Cooling: Central Air
Heating: Central; Fireplace - Electric
Exterior: Balcony; Fireplace
Association Fees Include: Business Center; TV Cable; Dumpster; Exercise Room; Game Room; Gated Community; Internet Service; Internet-WiFi; Laundry; Pool; Sauna/Steam Room; Security; Whirlpool; Tennis; Trash Disposal; Water
Furnished: Furnished
Interior: Bunk Hallway; Smart Thermostat
Lot Features: Dedicated Beach
Pool Features: Heated - Gas; Saltwater; Spa/ Hot Tub
Security Features: 24 Hour Security; Building Security; Fire Alarm; Fire Sprinkler System; Gated Community; Security Gate; Security Guard
Parking Features: Parking Lot
Association Amenities: BBQ Pit/Grill; Beach; Dining; Dumpster; Elevators; Exercise Room; Game Room; Gated Community; Pickle Ball; Pool; Sauna/Steam Room; Shuffleboard Court; Whirlpool; Tennis; Waterfront
Rooms: Bedroom
Sale Type: As Is
Utilities: TV Cable; Public Sewer - Connected; Public Water - Connected
Waterfront Type: Gulf
Waterfront Feature: Shore - Beach
Waterview: Gulf; Unobstructed
Room Information
| Room Name | Level | Dimensions | Length | Width | Remarks |
| Bedroom | Second | 0 x 0 | 0.00 | 0.00 | Condo |
Listing Office: Alikhver Realty
Last Updated: September - 25 - 2026
Information deemed reliable but not guaranteed.