Unit 518 at The Summit is a prime investment opportunity in one of Panama City Beach's most established Gulf-front resorts. This income-generating condo offers direct beach access and full resort amenities, including two pools, hot tubs, fitness center, tiki bar, on-site market, and 24/7 security--features that drive consistent guest demand year-round. With a proven rental history, and professional management in place this unit is turn-key and ready to continue producing revenue! The Summit's central location on Thomas Drive provides walkable access to restaurants, shops, and family attractions, further enhancing its appeal to vacation renters. Whether you're looking to expand your short-term rental portfolio or secure a high-yield beach asset with strong appreciation potential, Unit 518 delivers both immediate cash flow and long-term upside in the heart of PCB!!! Contact me today!
For sale
$350,000
8743 Thomas Dr UNIT 518, Panama City Beach, FL 32408
1beds
740sqft
Est.:
Condominium
Built in 1984
-- sqft lot
$332,800 Zestimate®
$473/sqft
$748/mo HOA
What's special
Two poolsDirect beach accessHot tubs
- 23 days
- on Zillow |
- 443 |
- 27 |
Zillow last checked: 7 hours ago
Listing updated: July 28, 2025 at 03:37pm
Listed by:
Viola Zhuravel 850-960-2455,
Fun Quest Vacation Rentals Corp
Source: CPAR,MLS#: 776840
Originating MLS: Central Panhandle Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: Primary Bedroom
Primary bedroom
- Level: First
- Area: 165
- Dimensions: 15 x 11
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Washer/Dryer Stacked, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
- Laundry: Stacked
Features
- Breakfast Bar
- Furnished: Yes
Interior area
- Total interior livable area: 740 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Patio & porch: Balcony
- Exterior features: Balcony
- Pool features: In Ground, Pool, Community
- Spa features: Community
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: Gulf, Shoreline - Sand, Waterfront
Lot
- Features: Waterfront
Details
- Parcel number: 30236132000
- Zoning description: Resid Single Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Condo
- Architectural style: High Rise
- Property subtype: Condominium
- Attached to another structure: Yes
Condition
- Year built: 1984
Community & HOA
Community
- Features: Barbecue, Elevator, Fitness Center, Game Room, Laundry Facilities, Sauna, Short Term Rental Allowed, Gated, Pool
- Security: Building Security, Gated Community, Smoke Detector(s), Security Service
- Subdivision: Summit
HOA
- Has HOA: Yes
- Amenities included: Beach Rights, Game Room, Gated
- Services included: Association Management, Cable TV, Insurance, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Security, Trash, Water
- HOA fee: $2,243 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $473/sqft
- Tax assessed value: $307,700
- Annual tax amount: $3,948
- Date on market: 7/28/2025
- Listing terms: Cash,Conventional
- Road surface type: Paved
- Loading
- Loading