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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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8743 Thomas Dr Unit 1412 , Panama City Beach, FL 32408
$325,000
Est. Payment: $1,795.58/mo
1 Bed
2 Bath
740 Sqft
Status: Active | Days on site: 58
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SWBR - B1716
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Harrison Lilly Team
Owner/Operator

House Description

Gulf-front investment opportunity at Summit Beach Resort #1412 in Panama City Beach. This one-bedroom, one-and-a-half-bath condominium offers stunning, unobstructed views of the Gulf of Mexico from a private balcony and a highly functional layout that comfortably sleeps up to five guests. The unit features a fully equipped kitchen, in-unit washer and dryer, and a spacious living area with a sleeper sofa to maximize occupancy. The primary bedroom includes an ensuite bath, with an additional half bath conveniently located in the hallway for guests. Summit Beach Resort is a well-known, amenity-rich complex offering multiple pools, hot tubs, sauna, tennis courts, shuffleboard, on-site Tiki bar, grilling area, arcade/game room, playground, beach services, water sports, and a sundry shop. This property presents strong income potential with minor cosmetic updates such as paint and furnishings. Updated units in the complex command higher rental rates, making this an excellent value-add opportunity for investors. Located on the east end of Panama City Beach, just minutes from dining, shopping, golf, and entertainment. Close proximity to the new Tootsie's Orchid Lounge opening nearby is expected to further enhance rental demand and area growth. Whether you're seeking a short-term rental investment or a personal beachfront getaway, this unit offers both immediate enjoyment and upside potential.

Highlights

Listed by Janet Melton , 912-220-1716 SweetBay Realty , 850-424-6462. Bay County Association of REALTORS

Property Type

Condo/Townhome

HOA Fee

Year Built

1984

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Summit

Listing ID

787742

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:1
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:1
  • ▪ 1/2 Bathrooms:1
Appliances:Washer/Dryer Stacked, Electric Range, Plumbed For Ice Maker
Air Cond:Central Air
Fireplaces:

Exterior Features

Lot:Paved
Lot Dimensions:NA
Sewer:Public Sewer
Parking Features:Gated,Paved,Parking Lot
Principal Interest
$1,796
Taxes
$207
HOA
$0

Home Price

$325,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$65,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,795.58

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,795.58 $207.19 $0.00 $2,002.77
Yearly $21,546.94 $2,486.25 $0.00 $24,033.19
Total $646,408.15 $74,587.50 $0.00 $720,995.65

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T03:46:57.000Z

© 2026 Bay County Association of REALTORS