8743 Thomas Drive Unit 1412, Panama City Beach, FL 32408
- $325,000
- 1
- BD
- 2
- BA
- List Price
- $325,000
- MLS#
- 787742
- Status
- ACTIVE
- Type
- Condo
- Subtype
- Condominium
- Bedrooms
- 1
- Bathrooms
- 2
- Neighborhood
- Beach - South of Grand Lagoon
Property 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.
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Additional Information
- Appliances
- Washer/Dryer Stacked, Electric Range, Plumbed For Ice Maker
- Elementary School
- Breakfast Point
- High School
- Arnold
- Lot Dimensions
- NA
- Lot Features
- Paved
- Middle School
- Breakfast Point
- Neighborhood
- Beach - South of Grand Lagoon
- Project Facilities
- Barbecue, Basketball Court, Beach, Elevator, Fitness Center, Game Room, Gated, Laundry Facilities, Park, Pool, Sauna, Shopping, Tennis Court(s), Waterfront, Community Pool, Short Term Rental Allowed
- Subdivision
- Summit
- Utilities
- Cable Connected, Electricity Available, High Speed Internet Available
- Waterfront
- Yes
- Waterview
- Gulf
- Year Built
- 1984
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Listing courtesy of SweetBay Realty.