$54,400 in revenue June '24 - July '25: 20.16% ROI on the asking price! One of the best studio earners on the market: a money-making machine with minimal maintenance! Priced to sell! Brand new water heater - August 2025.A standout investment opportunity at Top of the Gulf, this fully renovated Direct Beachfront Studio has rented incredibly well, all while requiring virtually no ongoing maintenance. Upgraded recently with new flooring, full-sized kitchen appliances in a fully-equipped kitchenette, two queen-sized memory-foam beds, a gorgeous custom-made shiplap wall plank backdrop, and a designer electric fireplace, this turnkey unit comfortably accommodates 4 guests in one of Panama City Beach's most desirable beachfront addresses. With minimal HOA fees, professional management in place, prepaid beach chairs, and long-term demand proven by consistent five-star ratings on Airbnb and VRBO, this property offers an exceptional blend of hassle-free ownership and premium rental returns. The resort features an exclusive and private beach entrance, a phenomenal pool, a game room, a gym, a gazebo, sunset decks, and much more - all while being situated in one of the most desirable locations in town. The resort is just a few steps away from the new location of the famous Tootsie's bar, which is taking over the formerly internationally renowned Spinnaker club. Moreover, St. Andrews State Park and Shell Island are just 4 miles away from the resort.
For sale
Price increase: $10K (8/11)
$279,900
8817 S Thomas Dr #A503, Panama City, FL 32408
--beds
489sqft
Est.:
Condominium
Built in 1976
-- sqft lot
$264,500 Zestimate®
$572/sqft
$482/mo HOA
What's special
Game roomSunset decksDesigner electric fireplaceFully-equipped kitchenetteNew flooringTwo queen-sized memory-foam bedsPhenomenal pool
- 37 days
- on Zillow |
- 276 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: August 11, 2025 at 12:06pm
Listed by:
Gleb Alikhver 404-933-7966,
Alikhver Realty
Source: CPAR,MLS#: 776776
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
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Studio
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
Features
- Fireplace, Smart Thermostat
- Has fireplace: Yes
- Furnished: Yes
Interior area
- Total interior livable area: 489 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Pool features: Fenced, In Ground, Pool, 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: 34994203000
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Condo
- Architectural style: High Rise
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Concrete, Stucco
- Roof: Flat
Condition
- Year built: 1976
Utilities & green energy
- Utilities for property: Cable Connected, High Speed Internet Available
Community & HOA
Community
- Features: Barbecue, Elevator, Fitness Center, Game Room, Short Term Rental Allowed, Waterfront, Pool
- Subdivision: Top Of The Gulf Condo.
HOA
- Has HOA: Yes
- Amenities included: Beach Rights, Game Room
- Services included: Association Management, Internet, Maintenance Grounds, Maintenance Structure, Pool(s), Water
- HOA fee: $482 monthly
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $572/sqft
- Annual tax amount: $2,860
- Date on market: 7/25/2025
- Cumulative days on market: 38 days
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