49
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$349,000
Est. payment /mo
1 Bed
2 Baths
740 SqFt
Active
8743 Thomas DR #209 Panama City Beach, FL 32408
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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
Building
Story 15
Architectural Style High Rise
New Construction No
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
Tax ID 30236-027-000
Listed by Alikhver Realty
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