REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Stephanie Richardson

stephanie.richardson.295452@exprealty.com +1(850) 684-4603

$339,000

Est. payment - /mo

1 Bed

2 Baths

740 SqFt

Save

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 740 sqft

Price per Sqft $458

Subdivision The Summit

MLS Listing ID 791705

Style High Rise

Bedrooms 1

Full Baths 1

Half Baths 1

HOA Y/N Yes

Year Built 1984

Tax Year 2025

Property Sub-Type Condominium

Property Description

$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.***

Location

State FL

County Bay

Community Barbecue, Beach, Elevator, Fitness Center, Game Room, Pool, Sauna, Tennis Court(S), Community Pool, Gated, Short Term Rental Allowed

Area 03 - Bay County - Beach

Interior

Heating Fireplace(s)

Fireplaces Type Electric

Fireplace Yes

Appliance Washer/Dryer Stacked, Electric Range

Laundry Stacked

Exterior

Parking Features Parking Lot

Pool Community

Community Features Barbecue, Beach, Elevator, Fitness Center, Game Room, Pool, Sauna, Tennis Court(s), Community Pool, Gated, Short Term Rental Allowed

Utilities Available Cable Connected

Amenities Available Business Center, Game Room, Sauna, Spa/Hot Tub

Waterfront Description Gulf,Shoreline - Sand

View Y/N Yes

Water Access Desc Gulf,Shoreline - Sand

View Gulf

Porch Balcony

Private Pool No

Building

Story 15

Architectural Style High Rise

New Construction No

Schools

Elementary Schools Breakfast Point

Middle Schools Breakfast Point

High Schools Arnold

Others

Restrictions Short Term Rentals Allowed

Tax ID 30236-220-000

Security Features Building Security,Gated Community,24 Hour Security,Security Guard

Special Listing Condition Listed As-Is

Read Less Info

Listed by Alikhver Realty

Nearby Locations

GET MORE INFORMATION

Stephanie Richardson

+1(850) 684-4603

QUICK SEARCH

8743 Thomas DR #810 Panama City Beach, FL 32408

Stephanie Richardson

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION