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$345,000   Price Analysis
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8743 Thomas Dr Unit 1020
Panama City, FL 32408
1 bed 2 bath 740 SqFt ($466/SqFt)
Built 1984
Listed 2024-07-12, HOA $724, Taxes $2,612
Ⓧ USDA Ineligible
due to location

near Panama City

Convenient 10th floor 1 Bedroom/1.5 Bath unit near center elevators.

The Summt is a highly desirable beachfront condominium property with a long history of exceptional rental income. Th is 10th floor unit overlooking the east pool offers 1-bedroom with a king size bed, plus hallway bunk beds and a queen sofa sleeper. This brightly painted and well-maintained condo comes fully furnished and rental ready, with all appliances and furnishings. Unit has new sliding glass door and windows with breathtaking Gulf views from the balcony.

The resort offers an abundance of amenities, including 2 large pools, 2 kiddie pools, 2 outdoor hot tubs, 1 indoor hot tub, dry saunas, fitness center, shuffleboard courts, tennis/pickleball courts, Bar-b-que grills and picnic areas, poolside tiki bar and Bikini Bob's restaurant. This beachfront condominium is across the street from numerous amusement rides and restaurants and close to shopping and sports complexes. All information is approximate and should be verified by buyers if important. Seller will consider owner financing (terms: 20% down, 8% interest rate, 30yr amortization, 5yr balloon).


Presented by Mark Peery at
TOP PRODUCERS REAL ESTATE CTR.


Property MLS #759805 from CPARMLS

Bedrooms: 1

Total Bathrooms: 2
Full Bathrooms: 1
1/2 Bathrooms: 1

Dryer
ElectricCooktop
ElectricOven
ElectricWaterHeater
Freezer
IceMaker
Microwave
Refrigerator
Washer

Cooling Features: CentralAir, Electric
Heating Features: Central, Electric
Heating: Yes

Window Features: DoublePaneWindows

Balcony
SprinklerIrrigation
Patio And Porch Features: Balcony, Covered, Patio, Terrace
Road Frontage Type: CityStreet

Pool Features: Gunite, GasHeat, InGround, Community

Gulf
ShorelineSand

Lot Size Dimensions: 0x0

Other Parking: Driveway Spaces:1.00
Parking Features: AdditionalParking, Gated, Paved, ParkingLot

View: Gulf
Security Features: BuildingSecurity, GatedwithGuard, Item24HourSecurity, SmokeDetectors, SecurityService

Association: Yes
Association Amenities: PicnicArea
Association Fee: 2173
Association Fee Frequency: Quarterly
Association Fee Includes: AssociationManagement, CableTV, Internet, LegalAccounting, MaintenanceGrounds, PestControl, Phone, Pools, Sewer, Security, TennisCourts, Trash, Water
Calculated Total Monthly Association Fees: 724

Elementary School: Breakfast Point
High School: Arnold
Middle School: Breakfast Point

Breakfast Point Academy is a public elementary and middle school located approximately 2.6 miles away.
directions icon Map directions

J.R. Arnold High School is a public high school located approximately 2.8 miles away.
directions icon Map directions

St. Bernadette Catholic School is a private elementary school located approximately 1.6 miles away.
directions icon Map directions

Number of Units In Community: 449

Community Features: Barbecue, BasketballCourt, Beach, Elevator, FitnessCenter, GameRoom, Gated, LaundryFacilities, Park, Pool, Sauna, ShortTermRentalAllowed, Sidewalks, TennisCourts

Annual Tax Amount: 3195
Source Listing Status: Active
County: Bay
Directions: 8743 Thomas Drive. Heading west on Thomas Drive the 15 story complex will be on your left hand side.
Tax Year: 2023
Source Property Type: Residential
Property Subtype: condo
MLS Area Minor: 0323 - Beach - South of Grand Lagoon
Source Neighborhood: Summit
Parcel Number: 30236-294-000
Postal City: Panama City
Public Survey Range: 15W
Public Survey Section: 6
Subdivision: Summit
Zoning Description: Resort
Property Subtype: Condominium
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$177,623
$2,612
2021$unknown + $unknown
$161,475
$2,178
2020$unknown + $unknown
$146,795
$1,980
2019$141,312 + $unknown
$141,312
$1,771
2018$133,450 + $unknown
$133,450
$1,709
2017$129,625 + $unknown
$129,625
$1,500
2016$122,230 + $unknown
$122,230
$1,431
2009$unknown + $unknown
$76,324
$31
2008$unknown + $unknown
$76,249
$31
2007$unknown + $unknown
$74,028
$543

Listed 2024-07-12
$345,000
CPARMLS
Sold 2015-01-06
$125,000
Public Record
Sold 1995-04-01
$69,000
Public Record

Total Square Feet Living: 740
Year Built: 1984
Construction Materials: Concrete, Stucco
Entry Level: 1
Foundation Details: PillarPostPier
Living Area Source: Appraiser
Property Age: 40
Roof: Flat, Membrane
Building Total Stories: 15
House Style: HighRise
Architectural Style: HighRise

Accessibility Features: CommonArea

CableConnected
ElectricityConnected
SewerConnected
TrashCollection
WaterConnected
PhoneAvailable
Click Thumbnail Images To View Full Size
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living_roomdining_roomlaundry_roomkitchenkitchen
living_roomunknownunknownunknownporch
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.