About This Home

This 1-bedroom, 1-bathroom condo at 8743 Thomas Drive #505 in Panama City Beach, FL is listed for $374,000 ($505 per sqft). Built in 1984, the home offers 740 sqft of living space on a N/A lot.

Key Features

  • Built in 1984
  • Waterfront

Property Details

1 full
#505
1984

Amenities

WaterfrontA/C
Listing Description

Enjoy beautiful Gulf views from this recently completely renovated, fully furnished 5th floor condo at The Summit. This 1-bedroom, 1-bath unit with a twin-bed nook in the hallway accommodates up to five guests. The quality remodel complements an exceptional rental history and impressive rental income, making this unit an appealing beach getaway or investment property.

The spacious Gulf-front balcony features updated epoxy flooring and a new railing. Resort amenities include direct beach access, two pools--one seasonally heated--two hot tubs, a fitness center, game room, tennis courts, and convenient on-site dining and refreshments.

Head next door to Tootsie's Orchid Lounge for food, drinks, and live music, or explore nearby shopping, entertainment, and St. Andrews State Park. For buyers who retain the current rental management company, management is prepared to honor existing reservations, assist with a smooth ownership transition, and offer a discounted management rate.

Monthly Cost Estimate

$4,245/mo

20% down · 6.5% · 30 years

Principal$270
Interest$1,621
Insurance$109
HOA$2,245

Estimates only. Actual payments may vary.

Location

8743 Thomas Drive #505

Panama City Beach, FL 32408

Summit

Features & Amenities

Interior Features

MainLevelPrimarySittingAreaInPrimaryShowerOnly

Property Details

Parking

GatedParking Lot

Heating

CentralElectric (Heating)

Cooling

Ceiling Fan(s)Central Air

Appliances

ElectricOvenElectricWaterHeater

Questions & Answers

This 1-bedroom, 1-bathroom condo at 8743 Thomas Drive is listed at $374,000 ($505/sqft). The estimated monthly payment is $4,245 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $2245/month.

Key features include: Built in 1984, Waterfront. Interior Features: MainLevelPrimary, SittingAreaInPrimary, ShowerOnly.

This property is listed by Gregory B Ward.

GW

Gregory B Ward

Agent at Keller Williams Success Realty

Listed by Keller Williams Success Realty · Broker phone: (850) 249-0313 · View on Broker Site

MLS# 797216· Source: Central Panhandle Association of REALTORS· 4 days on PropertySimple

Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

8743 Thomas Drive #505, Panama City Beach, FL 32408

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