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1412/8743 Thomas Drive

Panama City Beach FL 32408

1
2
740 sq. ft.
Condo
Currently for sale - view listing

Overview

Gulf-front investment opportunity at Summit Beach Resort #1412 in Panama City Beach. This 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 layout that comfortably sleeps up to five guests. The unit features a fully equipped kitchen, in-unit washer and dryer, and a spacious living area with a sleeper sofa to maximize occupancy. The primary bedroom includes an ensuite bath, with an additional half bath conveniently located in the hallway for guests. Summit Beach Resort is a well-known, amenity-rich complex offering multiple pools, hot tubs, sauna, tennis courts, shuffleboard, on-site Tiki bar, grilling area, arcade/game room, playground, beach services, water sports, and a sundry shop. This property presents strong income potential with minor cosmetic updates such as paint and furnishings. Updated units in the complex command higher rental rates, making this an excellent value-add opportunity for investors. Located on the east end of Panama City Beach, just minutes from dining, shopping, golf, and entertainment. Close proximity to the new Tootsie's Orchid Lounge opening nearby is expected to further enhance rental demand and area growth. Whether you're seeking a short-term rental investment or a personal beachfront getaway, this unit offers both immediate enjoyment and upside potential.

Features

1 bedroom
2 bathrooms
740 sq. ft. floor area
Condo

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 31 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, 144 one-bedroom condos similar to 1412/8743 Thomas Drive, have been sold.

This represents a 7% increase in one-bedroom condos sales when compared to the previous 12 months.

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(619) 566-0008
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