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About This Home

This 1-bedroom, 2-bathroom condo at 8743 Thomas Drive in Panama City Beach, FL is listed for $354,900 ($480 per sqft). Built in 1984, the home offers 740 sqft of living space on a N/A lot.

Agent Description

Gulf-front investment opportunity at Summit Beach Resort in Panama City Beach. This beautifully maintained one-bedroom, one-and-a-half-bath condominium offers stunning, unobstructed views of the Gulf of Mexico from a private balcony and a highly functional floor plan that comfortably accommodates up to six guests.

The unit features a fully renovated kitchen, in-unit washer and dryer, spacious living area with sleeper sofa, luxury vinyl plank flooring throughout, and wood-look tile in the oversized primary bedroom. Additional highlights include hallway bunk beds and a convenient Jack-and-Jill bathroom design, making the layout ideal for vacation rentals and family getaways alike.

Summit Beach Resort is a highly sought-after, amenity-rich beachfront resort offering multiple pools, hot tubs, sauna, tennis courts, shuffleboard, an on-site Tiki bar, grilling area, arcade/game room, playground, beach services, water sports, and a sundry shop. Whether you are seeking a strong short-term rental investment or your own personal beachfront retreat, this property offers immediate enjoyment with excellent income potential and long-term upside. Amazing income!

Key Features

  • Built in 1984
  • Waterfront

Property Details

1 full, 1 half
#523
1984

Amenities

Waterfront

Monthly Cost Estimate

$1,898/mo

20% down · 6.5% · 30 years

Principal$257
Interest$1,538
Insurance$104

Estimates only. Actual payments may vary.

Location

8743 Thomas Drive

Panama City Beach, FL 32408

The Summit

Questions & Answers

This 1-bedroom, 2-bathroom condo at 8743 Thomas Drive is listed at $354,900 ($480/sqft). The estimated monthly payment is $1,538 based on 20% down at 6.5% interest.

Key features include: Built in 1984, Waterfront.

This property is listed by Denis Rakov and can be reached at 8503197412 or denis@beachybeach.com.

DR

Denis Rakov

Agent at Beachy Beach Real Estate

(850) 319-7412

Listed by Beachy Beach Real Estate · View on Broker Site

MLS# 789667· Source: listhub· Updated 23 days ago

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, Panama City Beach, FL 32408

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