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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 810 , Panama City Beach, FL 32408
$314,900
Est. Payment: $1,739.78/mo
1 Bed
2 Bath
740 Sqft
Status: Active | Days on site: 113
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ALRE - B11849
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Harrison Lilly Team
Owner/Operator

House Description

$55,537 in gross rental revenue from July 2025-July 2026 -- equivalent to approximately 18% of the current asking price in gross rental revenue! Even more impressive, this income was generated while the unit was off the rental market from November 2025 through April 2026 due to the resort's balcony renovation project. Beautifully updated 8th-floor, direct-beachfront 1BR/1.5BA with Gulf views from the private balcony and direct private beach access. The unit features a quartz-countertop kitchen with mosaic tile backsplash and stainless-steel appliances, updated bathrooms with new vanities, luxury plank flooring, a stylish sliding barn door, and more. Sleeping accommodations include a king-size bed with a new memory-foam mattress, a queen-size sleeper sofa with a new memory-foam mattress, and a built-in twin-over-twin bunk bed. Additional highlights include an electric fireplace, in-unit washer/dryer, two TVs, and tasteful coastal décor. Fully furnished and turnkey, with established Airbnb and VRBO listings and hundreds of 5-star reviews, making this an established and proven vacation rental. The Summit offers Gulf-front pools, children's pools, indoor and outdoor hot tubs, saunas, a fitness center, tennis, pickleball, shuffleboard, a tiki bar, an on-site Bar & Grill, gated 24-hour security, and private beach access. Conveniently located near the new and highly popular Tootsie's, as well as dining, entertainment, and popular Panama City Beach attractions. Minimal maintenance and easy ownership make this an especially attractive vacation-rental investment or second home. With proven rental income, an attractive purchase price, an unbeatable location, and direct Gulf access, opportunities like this don't come along often!

Highlights

Listed by Gleb Alikhver , 404-933-7966 Alikhver Realty , 404-933-7966. Bay County Association of REALTORS

Property Type

Condo/Townhome

HOA Fee

2245 Quarterly

Year Built

1984

County

Bay

Area

03 - Bay County - Beach

Neighborhood

The Summit

Listing ID

791705

Questions about this listing?

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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 Oven
Air Cond:Central Air
Fireplaces:Electric
Floor:Plank,Vinyl
Other:
  • ▪ Additional:Smart Thermostat

Exterior Features

Lot Dimensions:0x0
Sewer:Public Sewer
Parking Features:Parking Lot
Principal Interest
$1,740
Taxes
$201
HOA
$2,245

Home Price

$314,900

Loan Details

30 yrs
7.374%

Down Payment

20%
$62,980
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:
$1,739.78

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $1,739.78 $200.75 $2,245.00 $4,185.53
Yearly $20,877.33 $2,408.99 $26,940.00 $50,226.31
Total $626,319.77 $72,269.55 $808,200.00 $1,506,789.32

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: 2026-10-07T08:07:44.000Z

© 2026 Bay County Association of REALTORS