1202/8743 Thomas Drive

Off Market

1202/8743 Thomas Drive

Panama City Beach FL 32408

740 sq. ft.

Condo

Last sold for $265,000

Matt W Wright, last sold this property on 22 October 2026 after 114 days on market.

Overview

Welcome to one of the most compelling investment opportunities 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.

Features

1 bedroom

2 bathrooms

740 sq. ft. floor area

Condo

Estimated Value

Based on this property and similar 1 bedroom condos sold in Panama City Beach over the last 12 months, the estimated median property value of 1202/8743 Thomas Drive is $275k.

Median value

$275k

Estimated value range

$100k - $420k

Median days on market

Estimated value trend

-8%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Panama City Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1202/8743 Thomas Drive

2026

Sold

$265,000

22 Oct 2026 by Matt W Wright, of Think Real Estate

Happy sellers in Panama City Beach

91%

91% of sellers in Panama City Beach reported that their sale price either exceeded or met their price expectations.

Panama City Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 33 reviews in Panama City Beach over the last 12 months.

Local market activity for 1 bedroom condos in Panama City Beach

In the last 12 months, 138 one-bedroom condos similar to 1202/8743 Thomas Drive, have been sold.

This represents a 14% increase in one-bedroom condos sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Panama City Beach for a market analysis.

Zack Seltzer

at SELTZER REAL ESTATE

(68 reviews)

Get a market analysis

Alice de La Penha

at The Real Experts

(148 reviews)

Get a market analysis

Sean Casilli

at The Real Experts

(21 reviews)

Get a market analysis

Tyler S Smith

at Legacy Premier Agency LLC

(75 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Panama City Beach

Zack Seltzer

Zack Seltzer is an award winning recommended agent for Panama City Beach. They have 28 local sales and collected 10 local reviews across the last 12 months.

5 (68 reviews)
10 Reviews in Panama City Beach
28 Sales in Panama City Beach

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Alice de La Penha

Alice de La Penha is an award winning recommended agent for Panama City Beach. They have 20 local sales and collected 7 local reviews across the last 12 months.

5 (148 reviews)
7 Reviews in Panama City Beach
20 Sales in Panama City Beach

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Sean Casilli

Sean Casilli is a recommended agent for Panama City Beach. They have collected 6 local reviews across the last 12 months.

5 (21 reviews)
6 Reviews in Panama City Beach

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Tyler S Smith

Sellers who recommend Tyler S Smith have praised them for being local expert, clear communication, responsive, great negotiation, detail-oriented, proactive, and well-prepared