Back 309/8743 Thomas Drive
Off Market

309/8743 Thomas Drive

Panama City Beach FL 32408

1
2
740 sq. ft.
Condo
Last sold for $259,900
Shantel PetersonShantel Peterson, last sold this property on 20 July 2026 after 176 days on market.

Overview

Wake up to sweeping gulf views and end every day with sunsets over the Emerald Coast in this stunning 3rd-floor, gulf-front condo at The Summit, Unit 309. Perfectly positioned overlooking the gulf-side pool and sugar-white sands, this turn-key, fully furnished residence delivers effortless coastal living with front-row views of Panama City Beach's iconic emerald waters, just steps from the shoreline and a quick minutes walk to paradise. Inside, the open and airy layout is designed to maximize the view. The living area and breakfast bar frame the Gulf beautifully, creating the perfect backdrop for morning coffee or evening cocktails. A full kitchen features a refrigerator, range, dishwasher, and generous counter space, while the stacked washer and dryer add everyday convenience. The primary bedroom offers privacy and comfort, complemented by hallway bunk beds and a 1.5-bath layout with a shower/tub combo, allowing the condo to comfortably sleep 4-6 guests. Turn-key and rental ready, this unit is being sold fully furnished. Seller hasn't aggressively rented and there's room for GRI improvement here. Projections from Southern Vacation Rentals is $22-30k. Actual GRI for the past 3 years 2023/$25,392, 2024/$21,683, and 2025/$16,514. This unit does not have a washer/dryer. However, the HVAC is new as of 9/2025. Ownership at The Summit unlocks a true resort lifestyle. Enjoy two large beachfront pools, hot tubs, a fitness center, tennis and basketball courts, shuffleboard, picnic and grilling areas, and direct beach access. On-site conveniences include a tiki bar, market, and Bikini Bob's restaurant, making it easy to settle in and stay awhile. The gated community also offers on-site security and ample open parking. The location is only getting better. Situated on Thomas Drive near St. Andrews State Park, marinas, shopping, dining, and entertainment, the area continues to grow adding even more appeal for investors and vacationers alike. Whether you're searching for a high-performing income property, a low-maintenance second home, or your own slice of Gulf-front paradise, this condo delivers views, lifestyle, and opportunity in one unforgettable package. All information deemed reliable but not guaranteed and buyer to verify.

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 309/8743 Thomas Drive is $286k.

Median value
$286k
Estimated value range
$100k - $420k
Median days on market
96
Estimated value trend
-4%
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 309/8743 Thomas Drive

2026
Sold
$259,900
20 Jul 2026 by Shantel Peterson, of Real Broker LLC
2021
Sold
$300,000
17 Sep 2021 by Amanda Cialoni, of Seashore Realty LLC

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, 140 one-bedroom condos similar to 309/8743 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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