A503/8817 South Thomas Drive

Off Market

A503/8817 South Thomas Drive

Panama City Beach FL 32408

489 sq. ft.

Condo

Last sold for $255,000

Hleb Alikhver, last sold this property on 31 October 2025 after 97 days on market.

Overview

$54,400 in revenue June '24 - July '25: 20.16% ROI on the asking price! One of the best studio earners on the market: a money-making machine with minimal maintenance! Priced to sell! Brand new water heater - August 2025. A standout investment opportunity at Top of the Gulf, this fully renovated Direct Beachfront Studio has rented incredibly well, all while requiring virtually no ongoing maintenance. Upgraded recently with new flooring, full-sized kitchen appliances in a fully-equipped kitchenette, two queen-sized memory-foam beds, a gorgeous custom-made shiplap wall plank backdrop, and a designer electric fireplace, this turnkey unit comfortably accommodates 4 guests in one of Panama City Beach's most desirable beachfront addresses. With minimal HOA fees, professional management in place, prepaid beach chairs, and long-term demand proven by consistent five-star ratings on Airbnb and VRBO, this property offers an exceptional blend of hassle-free ownership and premium rental returns. The resort features an exclusive and private beach entrance, a phenomenal pool, a game room, a gym, a gazebo, sunset decks, and much more - all while being situated in one of the most desirable locations in town. The resort is just a few steps away from the new location of the famous Tootsie's bar, which is taking over the formerly internationally renowned Spinnaker club. Moreover, St. Andrews State Park and Shell Island are just 4 miles away from the resort.

Features

1 bathroom

489 sq. ft. floor area

Condo

Estimated Value

Based on this property and similar condos sold in Panama City Beach over the last 12 months, the estimated median property value of A503/8817 South Thomas Drive is $352k.

Median value

$352k

Estimated value range

$100k - $1.58m

Median days on market

Estimated value trend

-1%

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 A503/8817 South Thomas Drive

2025

Sold

$255,000

31 Oct 2025 by Hleb Alikhver, of Alikhver Realty

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 condos in Panama City Beach

In the last 12 months, 476 condos similar to A503/8817 South Thomas Drive, have been sold.

This represents a 16% decrease in 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