8743 Thomas DR #209 new Save Request In-Person Tour Request Virtual Tour
Panama City Beach,FL 32408
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 740 sqft
Price per Sqft $471
Subdivision The Summit
MLS Listing ID 781631
Style High Rise
Bedrooms 1
Full Baths 1
Half Baths 1
HOA Y/N Yes
Year Built 1984
Annual Tax Amount $3,948
Tax Year 2024
Property Sub-Type Condominium
Property Description
$65,873.99 in revenue June '24 - July '25: 18.88% ROI on the ask! One of the strongest 1-bedroom earners at The Summit—an effortless, highly reliable income performer with upgrades throughout and zero upcoming balcony window expenses because the special assessment has already been fully paid. A standout investment opportunity, this beautifully updated ground-floor Direct Beachfront 1BR/1.5BA offers the rare advantage of no elevator needed, making it a guest-favorite and a consistent year-round rental machine. Renovations include upgraded kitchen and bathroom cabinetry, a brand-new washer and dryer in the unit, a new sleeper sofa, a king bed in the primary bedroom, hallway bunk beds, and a sleek electric fireplace that adds a designer touch to the living area. Comfortably sleeping 5 guests, this turnkey condo delivers impressive returns with minimal effort in one of Panama City Beach's most iconic beachfront resorts. The Summit offers exceptional amenities including beachfront pools, hot tubs, a fitness center, onsite dining, saunas, arcade, and direct private beach access—all in a location that is steps away from the soon-to-open Tootsie's Orchid Lounge arriving in early 2026. With proven rental strength, premium walkability, and amenities that continue to attract repeat guests year after year, Summit 209 is positioned as a reliable, long-term income generator in the heart of PCB.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Fireplace No
Exterior
Community Features Short Term Rental Allowed
Utilities Available Cable Connected
Amenities Available Business Center,Game Room,Sauna,Spa/Hot Tub
Waterfront Description Gulf
Water Access Desc Gulf
Building
Story 15
Architectural Style High Rise
New Construction No
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
HOA Fee Include Fitness Facility,Internet,Pool(s),Tennis Courts,Trash
Tax ID 30236-027-000