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Harrison Lilly Team

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

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8817 S Thomas Drive A318 , Panama City Beach, FL 32408
$240,000
Est. Payment: $1,325.97/mo
1 Bath
489 Sqft
Status: Active | Days on site: 34
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Harrison Lilly Team
Owner/Operator

House Description

Rental projection is about $36k-$47k at 63% occupancy. This spacious and inviting studio in the heart of Panama City Beach offers a unique combination of beachside convenience, flexibility, and Florida coastal living. Unlike many traditional studio layouts, this unit offers plenty of room to spread out, with two beds, comfortable living space, a dining area, and a mini kitchen . This unit is thoughtfully arranged with an open floor plan. The light wood-plank ceiling adds warmth and coastal character, while multiple windows fill the space with natural light and offer views toward the Gulf of America. The kitchen features white cabinetry, granite countertops, and a stainless-steel refrigerator, providing for a relaxing beach getaway. The open design allows the living and sleeping spaces to flow together while still providing plenty of room to create separate areas for relaxing, dining, and sleeping. One of the best features of this condo? It has an assumable VA loan. Whether you're looking for an easy-to-maintain second home, a convenient beach getaway, or an investment opportunity, this spacious studio offers flexibility for a variety of needs. Its efficient layout and convenient Panama City Beach location make it an appealing option for anyone looking for a comfortable, low-maintenance place near the beach. And then there's the location and amenities! You're just steps from the sugar-white sand and emerald waters of Panama City Beach and within walking distance of the newly opened World Famous Tootsies Orchid Lounge. There's also shopping, dining, entertainment, and everyday conveniences nearby. Spend the day at the beach, relax at the community pool or small kids pool, or take advantage of the fitness room and game room available to owners and guests. During high season, enjoy the convenience of a seasonal snack shack and poolside bar, and when it's time to hit the sand, beach chair rentals are available Gulf-front. Pets are also allowed on the property, adding another level of convenience for those who want to enjoy their beach getaway with their four-legged companions. Whether you're searching for an affordable way to own a piece of Panama City Beach, a weekend escape, or a property with rental history, Unit A318 offers flexibility and a price under 240k with recent updates. Come see just how many possibilities this Panama City Beach studio has to offer! Enjoy it as your own personal retreat, then rent it out when you're not using it, just as the current owners do. All furniture and appliances remain. Recent Updates: New water heater - 2019. New electrical panel - 2026 and Completely remodeled - 2023. Buyer to verify all measurements, dimensions, rental restrictions, HOA information, pet restrictions, amenities, and any information deemed important.to them.

Highlights

Listed by Susan R Cantrell , 850-449-0459 Central Bay Realty and Property Management LLC , 850-257-5016. Bay County Association of REALTORS

Property Type

Condo/Townhome

HOA Fee

525 Monthly

Year Built

1976

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Top Of The Gulf Condo.

Listing ID

794952

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:1
Air Cond:Central Air
Fireplaces:
Other:
  • ▪ Additional:Tub Shower

Exterior Features

Lot Dimensions:0x0
Zoning:Resid Multi-Family
Sewer:Public Sewer
Parking Features:Parking Lot
Principal Interest
$1,326
Taxes
$215
HOA
$525

Home Price

$240,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$48,000
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:
$1,325.97

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $1,325.97 $215.41 $525.00 $2,066.37
Yearly $15,911.59 $2,584.86 $6,300.00 $24,796.45
Total $477,347.56 $77,545.80 $189,000.00 $743,893.36

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