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Stephanie Richardson

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

$349,000

Est. payment - /mo

1 Bed

2 Baths

740 SqFt

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UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 740 sqft

Price per Sqft $471

Subdivision The Summit

MLS Listing ID 791704

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

$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.***

Location

State FL

County Bay

Community Community Pool, Short Term Rental Allowed

Area 03 - Bay County - Beach

Interior

Fireplace No

Exterior

Pool Community

Community Features Community Pool, Short Term Rental Allowed

Utilities Available Cable Connected

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

Waterfront Description Gulf

Water Access Desc Gulf

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 30236-027-000

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Listed by Alikhver Realty

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Stephanie Richardson

+1(850) 684-4603

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8743 Thomas DR #209 Panama City Beach, FL 32408

Stephanie Richardson

Key Details

Location

Interior

Exterior

Building

Schools

Others

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