Coastal Vibes Luxury Beach Group

HighRise

8743 Thomas Drive 209

Panama City Beach, FL 32408

MLS#: 791704

$349,000

Status: Active
Listing number: 791704
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

$70,121 in revenue June '25 to May '26: a 20.1% ROI on the asking price! One of the strongest-earning 1-bedrooms at The Summit, this fully renovated, direct-beachfront 1BR/2BA pairs chart-topping 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 nearly 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. The income is the headline, and the rare 2nd floor is the edge no higher unit can match. ***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

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    Yes

  • Pool Features

    Community

  • Waterfront YN

    YES

Area & Lot

  • Lot Features

    Waterfront

  • Property Type

    Residential

  • Property Sub Type

    Condominium

  • Architectural Style

    HighRise

Price

  • Sales Price

    $349,000

  • Sq. Footage

    740

  • Price/SqFt

    $471

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 Emily Lewallen

REALTOR®

Emily Lewallen

Call Emily today to schedule a private showing.

(404) 319-0657

Emily@coastalvibeslux.com


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$70,121 in revenue June '25 to May '26: a 20.1% ROI on the asking price! One of the strongest-earning 1-bedrooms at The Summit, this fully renovated, direct-beachfront 1BR/2BA pairs chart-topping 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 nearly 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. The income is the headline, and the rare 2nd floor is the edge no higher unit can match. ***Visit listings.megavacations.net for the full portfolio -- document vault, detailed financials, photos, and more.***

8743 Thomas Drive 209

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