Live the Gulf Life on Florida’s Emerald Coast

HighRise

8743 Thomas Drive 810

Panama City Beach, FL 32408

MLS#: 791705

$339,000

Status: Active
Listing number: 791705
Listing provided by: Alikhver Realty
Listing agent phone: None
Last update: an hour ago
New on site today
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The Summit - Residential

Property

Beds

1

Full Baths

1

1/2 Baths

1

Year Built

1984

Sq.Footage

740

$68,849 in revenue May '25 to April '26: a 20.3% ROI on the asking price! A newly renovated, 8th-floor, direct-beachfront 1BR/2BA at The Summit that is also a proven cash machine. Wake up to unobstructed Gulf views from your private 8th-floor balcony, then cozy up by the electric fireplace after a day on the sand. The full renovation shows everywhere: a new white shaker kitchen with quartz counters, mosaic tile backsplash, and stainless appliances; updated baths with marble-look tile and quartz vanities; a new memory-foam king; and wood-look plank flooring throughout, finished with designer coastal touches like a sliding barn door and blue velvet accent chairs. It sleeps five with the king, a queen sleeper sofa, and a built-in twin-over-twin bunk nook, and comes complete with an in-unit washer and dryer, two smart TVs, and a fully equipped kitchen, sold fully furnished and truly turnkey. It also sits right next to the booming new Tootsie's in the legendary former Spinnaker Beach Club, a fresh demand driver for the entire resort. The Summit offers two Gulf-front pools (one seasonally heated), children's pools, two outdoor and one indoor hot tub, his-and-hers saunas, a fitness center, tennis and pickleball, shuffleboard, a poolside tiki bar, the on-site Bar & Grill, and gated 24-hour security with direct private beach access. With established Airbnb and VRBO listings, years of five-star reviews, and a loyal repeat-guest base, the unit has a proven track record, and about 40% of its revenue already comes from direct and repeat bookings, well above the Panama City Beach market average. As an added bonus, the seller's revenue consultant will personally assist the buyer in expanding the property's direct-booking strategy through modern AI, automation, and data-driven revenue management techniques. ***Visit listings.megavacations.net for the full portfolio -- document vault, detailed financials, photos, and more.***

Features & Amenities

Interior

  • Total Bedrooms

    1

  • Bathrooms

    1

  • 1/2 Bathrooms

    1

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Fireplace(s)

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Other Exterior Features

    Balcony

  • Parking

    Parking Lot

  • Pool

    Yes

  • Pool Features

    Community

  • Waterfront YN

    YES

  • View

    Water

Area & Lot

  • Lot Features

    Waterfront

  • Property Type

    Residential

  • Property Sub Type

    Condominium

  • Architectural Style

    HighRise

Price

  • Sales Price

    $339,000

  • Sq. Footage

    740

  • Price/SqFt

    $458

HOA

  • Association

    Yes

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Breakfast Point

  • Middle School

    Breakfast Point

  • High School

    Arnold

Property Features

  • Stories

    15

  • New Construction

    NO

  • Association Amenities

    Game Room, Sauna, Spa/Hot Tub

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Location

County

Bay

Elementary School

Breakfast Point

Middle School

Breakfast Point

High School

Arnold

Listing Courtesy of Gleb Alikhver , Alikhver Realty

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Agent Randy Baxter

REALTOR®

Randy Baxter

Call Randy today to schedule a private showing.

(850) 890-7135

RandyBaxter@GulfLifeGo.com


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$68,849 in revenue May '25 to April '26: a 20.3% ROI on the asking price! A newly renovated, 8th-floor, direct-beachfront 1BR/2BA at The Summit that is also a proven cash machine. Wake up to unobstructed Gulf views from your private 8th-floor balcony, then cozy up by the electric fireplace after a day on the sand. The full renovation shows everywhere: a new white shaker kitchen with quartz counters, mosaic tile backsplash, and stainless appliances; updated baths with marble-look tile and quartz vanities; a new memory-foam king; and wood-look plank flooring throughout, finished with designer coastal touches like a sliding barn door and blue velvet accent chairs. It sleeps five with the king, a queen sleeper sofa, and a built-in twin-over-twin bunk nook, and comes complete with an in-unit washer and dryer, two smart TVs, and a fully equipped kitchen, sold fully furnished and truly turnkey. It also sits right next to the booming new Tootsie's in the legendary former Spinnaker Beach Club, a fresh demand driver for the entire resort. The Summit offers two Gulf-front pools (one seasonally heated), children's pools, two outdoor and one indoor hot tub, his-and-hers saunas, a fitness center, tennis and pickleball, shuffleboard, a poolside tiki bar, the on-site Bar & Grill, and gated 24-hour security with direct private beach access. With established Airbnb and VRBO listings, years of five-star reviews, and a loyal repeat-guest base, the unit has a proven track record, and about 40% of its revenue already comes from direct and repeat bookings, well above the Panama City Beach market average. As an added bonus, the seller's revenue consultant will personally assist the buyer in expanding the property's direct-booking strategy through modern AI, automation, and data-driven revenue management techniques. ***Visit listings.megavacations.net for the full portfolio -- document vault, detailed financials, photos, and more.***

8743 Thomas Drive 810

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