« Back to results

8743 Thomas Drive 810, Panama City Beach, FL 32408

Panama City Beach, FL 32408
  • 1 Beds
  • 2 Baths
  • 740 Sq Ft
  • 1984 Built
  • MLS 791705

About this home

$56,643 in revеnue Јulу '25 tο Junе '26: a 16.7% RΟI on the asking price! A newlу renovatеd, 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.

Property details

Property typeCondominium
StatusActive
Area03 - Bay County - Beach
SubdivisionThe Summit
CityPanama City Beach
CountyBay
Zip32408
StyleHighRise
Tax year2025
HOAYes
HOA fee$2,245/qtr
WaterfrontYes
ViewGulf
Special conditionsListedAsIs

Interior

Total rooms1
Full baths1
Half baths1
AppliancesWasherDryerStacked,ElectricRange
HeatingFireplaces
FireplaceYes

Exterior & lot

Lot dimensions0x0
PoolCommunity
ParkingParkingLot

Schools

ElementaryBreakfast Point
MiddleBreakfast Point
HighArnold

Community

Community featuresBarbecue, Beach, Elevator, Fitness Center, Game Room, Pool, Sauna, Tennis Courts, Community Pool, Gated, Short Term Rental Allowed
DirectionsThe 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.

Data source: Central Panhandle Association of REALTORS®

Location

Ready to see it in person?

Team Turner (Counts Real Estate Group) can set up a private showing or send you full details.

Request a showing

Similar homes