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8743 Thomas Drive 1202, Panama City Beach, FL 32408

Panama City Beach, FL 32408
  • 1 Beds
  • 2 Baths
  • 740 Sq Ft
  • 1984 Built
  • MLS 791979

About this home

Welcοme tο οnе of thе moѕt compelling investment oppοrtunitieѕ on Panama City Beach. Positioned directly beside the all-new Tootsie's Orchid Lounge--now occupying the legendary former Spinnaker Beach Club--The Summit is poised to benefit from one of the area's biggest new entertainment destinations. This high-profile addition is expected to drive increased visitor traffic, extend guest stays, and strengthen rental demand, making an already proven income-producing resort even more attractive to investors. The Summit has long been recognized as one of Panama City Beach's premier short-term rental destinations, with decades of strong rental performance. Its unbeatable Gulf-front location, extensive resort amenities, and walkable access to restaurants, nightlife, attractions, and family entertainment continue to deliver exceptional appeal for both owners and vacationers. This fully furnished, rental-ready condo offers unobstructed Gulf views from its private balcony and features several valuable updates, including an upgraded tile walk-in shower, new windows, a new sliding glass door, new balcony railings, and an in-unit washer and dryer. The thoughtfully designed floor plan includes a king bedroom, hallway bunk beds, and a convenient half bath. Guests enjoy an unmatched resort experience featuring two Gulf-front swimming pools (one seasonally heated), children's pools, indoor and outdoor hot tubs, saunas, a fitness center, tennis and pickleball courts, shuffleboard, a poolside tiki bar, on-site dining at Bikini Bob's, barbecue and picnic areas, gated 24-hour security, and private beach access. Across the street are amusement attractions, restaurants, shopping, and entertainment, creating the convenience today's vacation renters actively seek. Whether you're expanding your investment portfolio or purchasing your first beachfront income property, The Summit continues to prove why it remains one of Panama City Beach's most dependable cash-flowing condominium communities. With the arrival of Tootsie's adding a powerful new demand driver next door and this unit's recent upgrades already in place, the future potential has never looked stronger. All information is deemed reliable but should be independently verified by buyers if important.

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

Interior

Total rooms1
Full baths1
Half baths1
AppliancesWasherDryerStacked,ElectricRange,ElectricWaterHeater
CoolingCentralAir

Exterior & lot

Lot dimensions0x0
PoolCommunity
ParkingParkingLot
Road frontageCity Street

Schools

ElementaryBreakfast Point
MiddleBreakfast Point
HighArnold

Community

Community featuresBarbecue, Basketball Court, Beach, Business Center, Clubhouse, Elevator, Fitness Center, Laundry Facilities, Pool, Sauna, Tennis Courts, Waterfront, Community Pool, Gated, Short Term Rental Allowed
DirectionsThe Summit Resort, 8743 Thomas Drive, direct beachfront. Unit 1202 is on the 12th floor. Enter from the elevators to the far right of The Summitt. Open resort parking on site.

Data source: Central Panhandle Association of REALTORS®

Location

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