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    • Central Bay Realty & Property Management
      732 Ohio Ave
      Lynn Haven, FL 32444
      (850) 257-5016
      centralbayrealstate@gmail.com

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      • Roy F Furst

        Licensed Real Estate Broker

        Central Bay Realty

        Phone: (850) 257-5016

        Email: centralbayrealestate@gmail.com
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        IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

        $349,000
        For Sale

        8743 Thomas Drive #209

        Panama City Beach, FL 32408
        1 bed | 1.5 baths | #781631
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        50 photos
        Type:Purchase
        Structure:Condo
        Zone:Residential

        Description

        $65,873.99 in revenue June '24 - July '25: 18.88% ROI on the ask! One of the strongest 1-bedroom earners at The Summit—an effortless, highly reliable income performer with upgrades throughout and zero upcoming balcony window expenses because the special assessment has already been fully paid. A standout investment opportunity, this beautifully updated ground-floor Direct Beachfront 1BR/1.5BA offers the rare advantage of no elevator needed, making it a guest-favorite and a consistent year-round rental machine. Renovations include upgraded kitchen and bathroom cabinetry, a brand-new washer and dryer in the unit, a new sleeper sofa, a king bed in the primary bedroom, hallway bunk beds, and a sleek electric fireplace that adds a designer touch to the living area. Comfortably sleeping 5 guests, this turnkey condo delivers impressive returns with minimal effort in one of Panama City Beach's most iconic beachfront resorts. The Summit offers exceptional amenities including beachfront pools, hot tubs, a fitness center, onsite dining, saunas, arcade, and direct private beach access—all in a location that is steps away from the soon-to-open Tootsie's Orchid Lounge arriving in early 2026. With proven rental strength, premium walkability, and amenities that continue to attract repeat guests year after year, Summit 209 is positioned as a reliable, long-term income generator in the heart of PCB.

        • Property Details
            • Utility FeaturesCable Connected
            • Elementary SchoolBreakfast Point
            • Middle SchoolBreakfast Point
            • Property SubtypeCondominium
            • SubdivisionThe Summit
            • StyleHigh Rise
            • Property TypePurchase
            • Original List Price$349,000
            • High SchoolArnold
            • Taxes Annual$3,948
            • MLS #781631
            • Cost349000
            • MLS #781631
            • Year Built1984
            • Bathrooms1.5
            • CountyBay
            • Stories15
            • Bedrooms1
            • Full Baths1
            • Half Baths1
            • Days on Market (Cumulative)1

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        IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

        Last Updated: Yesterday at 7:17 PM. Source: CPAR

        Provided By
        Listing Agent: Gleb Alikhver (#B11849)
        Listing Office: Alikhver Realty (#ALRE)

        Central Bay Realty and Property ManagementReal Estate Group
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