1 Bed
2 Baths
740 sqft
$314,900
8743 Thomas Drive 810, Panama City Beach FL, 32408
Price per sqft$425.54
Built in1984
Property size740 sqft
Property typeCondominium
Overview
Active
Listed Jun 22, 2026
Updated 6 days ago
$55,537 in gross rental revenue from July 2025-July 2026 -- equivalent to approximately 18% of the current asking price in gross rental revenue! Even more impressive, this income was generated while the unit was off the rental market from November 2025 through April 2026 due to the resort's balcony renovation project.
Beautifully updated 8th-floor, direct-beachfront 1BR/1.5BA with Gulf views from the private balcony and direct private beach access. The unit features a quartz-countertop kitchen with mosaic tile backsplash and stainless-steel appliances, updated bathrooms with new vanities, luxury plank flooring, a stylish sliding barn door, and more. Sleeping accommodations include a king-size bed with a new memory-foam mattress, a queen-size sleeper sofa with a new memory-foam mattress, and a built-in twin-over-twin bunk bed. Additional highlights include an electric fireplace, in-unit washer/dryer, two TVs, and tasteful coastal décor.
Fully furnished and turnkey, with established Airbnb and VRBO listings and hundreds of 5-star reviews, making this an established and proven vacation rental.
The Summit offers Gulf-front pools, children's pools, indoor and outdoor hot tubs, saunas, a fitness center, tennis, pickleball, shuffleboard, a tiki bar, an on-site Bar & Grill, gated 24-hour security, and private beach access. Conveniently located near the new and highly popular Tootsie's, as well as dining, entertainment, and popular Panama City Beach attractions.
Minimal maintenance and easy ownership make this an especially attractive vacation-rental investment or second home. With proven rental income, an attractive purchase price, an unbeatable location, and direct Gulf access, opportunities like this don't come along often!
$2,095/mo
Est. mortgage payment based on a $314,900 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 791705
Interior Features
- Bedrooms
- 1
- Bathrooms
- 2
- Fireplace
- Yes
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Other Property Details
- Association Fee Frequency
- Quarterly
- View
- Yes
- Waterfront
- Yes
Courtesy of Alikhver Realty, Gleb Alikhver,
Listing Contact: 404-933-7966
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Rachel Warrell shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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