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8743 Thomas Drive 209, Panama City Beach, FL 32408
$339,900
$459 per ft²
1 Bed
2 Bath
740 Sq Ft
Listing Office: Alikhver Realty



































































































$56,765 in revenue July '25 to June '26: a 16.3% ROI on the asking price! One of the strongest-earning 1-bedrooms at The Summit, this fully renovated, direct-beachfront 1BR/2BA pairs strong income with a feature that is almost impossible to find on the sand: a low, 2nd-floor location. There are no elevator waits - guests simply take the stairs and they are on the beach in seconds. The Gulf and the resort pools sit at near-eye level from the private beachfront balcony, and it is the single most praised detail across years of five-star reviews.
It is also exactly why 209 out-earns Summit units on the floors above it. Beautifully updated throughout, the condo features wood-look plank flooring, a granite kitchen with glass-tile backsplash, stainless appliances and a dishwasher, refreshed bathrooms, and a smart Nest thermostat. A king bedroom, a queen sleeper sofa, a built-in twin-over-twin bunk nook the kids love, and two comfortable recliners let it sleep five. An in-unit washer and dryer plus new sliding glass doors complete a true turnkey package.
The timing could not be better: the new Tootsie's just opened next door in the legendary former Spinnaker Beach Club and it is already packed, pulling fresh nightlife and foot traffic straight to the resort. The Summit offers two Gulf-front pools (one seasonally heated) and two 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 and a loyal base of repeat guests, this condo has a proven track record of success, and about 17% 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.
The income is the headline, and the rare 2nd floor is the edge no higher unit can match. Full rent roll available to qualified buyers.
Listing Agent:
License Number:
Offered by: Alikhver Realty
Office Phone: 404-933-7966
MLS: #791704
Central Panhandle Association of REALTORS® MLS
Date Added: 06/04/2026 12:00:00 am
Last Update: 08/17/2026 06:58:46 pm
Days on Market: 81
Exterior
- Style: High Rise
- Pool: Community
Construction
- General: 15
Location
- HOA Amenities: Business Center,Game Room,Sauna,Spa/Hot Tub, Fitness Facility,Internet,Pool(s),Tennis Courts,Trash, 2245.0, Quarterly
- Originating MLS: CPAR_CPAR
- County: Bay
Lot
- Zoning: THE SUMMIT UNIT 209 1BR 1.5B 740 H&C ORB 989 P 1046 PLAN A ORB 4523 P 951, 30236-027-000
Utilities
- Utilities: Cable Connected
Financial
- Source: CPAR_CPAR
Property
- Year Built: 1984
- Type: Condo
- Style: High Rise
- Parcel #: 30236-027-000
Schools
- Elementary: Breakfast Point
- Middle: Breakfast Point
- High: Arnold
04/28/2023Off Market
04/28/2023$399,000@ 539 per ft²Listed
Property For Sale
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MLS: #791704
Source: Central Panhandle Association of REALTORS® MLS
<IMG SRC='https://d37ukvrrv3in12.cloudfront.net/mls/logos/IDX_184_large.png' ALT='IDX'> The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2026 Central Panhandle Association of REALTORS.© All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
View Listing8743 Thomas Drive 209, Panama City Beach, FL 32408 is a 1 Bed, 2 Bath, 740 Sq Ft, Condo built in 1984.
This property is currently available and was listed by Central Panhandle Association of REALTORS® MLS on 06/04/2026 12:00:00 am. The MLS # for the property is MLS #791704.
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