NOT LISTED FOR SALE

The Summit Beach Resort Condominium 8743 Thomas Dr Unit 1123 Panama City Beach, FL 32408

Estimated Value: $305,376 - $374,000

1 Bed
1.5 Baths
740 Sq Ft
$466/mo HOA Fee

Last Sold January 04, 2022

Last sale price $310,000 $419 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,595/month

5 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • 24-Hour Security
  • J.R. Arnold High School Rated A-
  • Deeded access to the beach
  • Fishing

About This Home

As of January 2022

'CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS' Great floor level to enjoy the gorgeous views of the Gulf of Mexico from this water front property. Nice updates have been made throughout the unit, including tile in every room, new cabinets, counter tops, paneled doors and wainscoting has been installed in the hallway. This charming condo offers one bedroom, 1.5 baths and hallway bunks. The Summit offers numerous amenities which includes 2 swimming pools, 2 outdoor and 1 indoor whirlpools, fitness center, arcade, laundry, market, poolside tiki bar, Bikini Bobs' bar and restaurant, BBQ grills with picnic area, a private owner's lounge for parties, billiards, and much more. With all of these conveniences, there's no need to leave the resort! Schedule an appointment to see this

Last Agent to Sell the Property

Darlene Tate

RC Real Estate Group License #3234120 Listed on: 11/02/2021

Last Buyer's Agent

Non Member

NON-MEMBER OFFICE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,980

Year Built

  • Built in 1984

Lot Details

HOA Fees

  • $466 Monthly HOA Fees

Interior Spaces

  • 740 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Living Room
  • Stacked Washer and Dryer

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom

Parking

  • Gated Parking
  • Parking Lot

Outdoor Features

  • Deeded access to the beach
  • Balcony

Schools

  • Breakfast Point Elementary And Middle School
  • Arnold High School

Utilities

  • Central Air
  • Electric Water Heater
  • High Speed Internet

Community Details

Overview

  • Association fees include cable TV, internet, ground maintenance, pest control, pool(s), sewer, security, trash, water
  • Summit Owners Assoc. Association
  • High-Rise Condominium
  • The Summit Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Game Room
  • Laundry Facilities
  • Elevator

Recreation

  • Beach
  • Community Spa
  • Fishing
  • Park

Security

  • 24-Hour Security
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,980

Year Built

Built in 1984

Lot Details

0

HOA Fees

$466 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1984
  • Property Sub Type: Condominium
  • Subdivision Name: The Summit
  • Architectural Style: High Rise
  • Entry Level: 11
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Interior Amenities: Breakfast Bar
  • Spa Features: Community
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Living Area: 740.0
  • Dining Room Type: Living Room
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: Community
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: Gated, Parking Lot
  • Garage: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, High Speed Internet Available, Other, Sewer Connected, Trash Collection
  • Security Features: Building Security, Gated Community, 24 Hour Security, Security Service
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Laundry Features: Washer Hookup, Dryer Hookup, Stacked
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Association Fee: 1398.0
  • Community Features: Barbecue, Beach, Elevator, Fitness Center, Fishing, Game Room, Laundry Facilities, Other, Park, Shopping, See Remarks, Short Term Rental Allowed, Waterfront, Gated, Pool
  • Amenities: Beach Rights, Gated, Picnic Area
  • Association Fee Frequency: Quarterly
  • Association Name: Summit Owners Assoc.
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Cable TV, Internet, Maintenance Grounds, Pest Control, Pool(s), Sewer, Security, Trash, Water

Schools

  • Middle Or Junior School: Breakfast Point

Lot Info

  • Zoning Description: Resid Multi-Family

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Annual Amount: 1980.0
  • Tax Year: 2020

MLS Schools

  • Elementary School: Breakfast Point
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2021
Closed on
Jan 4, 2022
Sold by
John Wesley Moore Revocable Trust
Bought by
Wolfe-Pearce Jennifer L and Pearce David E
Seller's Agent
Darlene Tate
RC Real Estate Group
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$310,000
Sold Price
$310,000
Current Estimated Value
$330,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,344
Avg. Annual Appreciation
0.91%
Original Mortgage
$232,500
Outstanding Balance
$188,803
Interest Rate
2.34%
Mortgage Type
New Conventional
Estimated Equity
$131,532

Purchase Details

Closed on
Jan 17, 2018
Sold by
Moore John W and Moore Mary J
Bought by
Moore John W
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wolfe-Pearce Jennifer L $310,000 None Listed On Document
Moore John W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolfe-Pearce Jennifer L $232,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2022 06/20/22 Off Market $310,000 -- --
01/04/2022 01/04/22 Sold $310,000 0.0% $419 / Sq Ft
11/02/2021 11/02/21 For Sale $310,000 -- $419 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,948 $307,700 -- $307,700
2023 $3,712 $287,215 $0 $287,215
2022 $2,613 $177,623 $0 $0
2021 $2,179 $161,475 $0 $0
2020 $1,980 $164,900 $0 $164,900
2019 $1,772 $141,312 $0 $141,312
2018 $1,710 $133,450 $0 $0
2017 $1,500 $129,625 $0 $0
2016 $1,426 $121,055 $0 $0
2015 $1,406 $110,050 $0 $0
2014 $1,220 $100,045 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Darlene Tate

    Seller's Agent in 2022

    Darlene Tate

    RC Real Estate Group

    (850) 890-9309

    50 in this area

    61 Total Sales

    Darlene Tate
    Section Image

  • N

    Buyer's Agent in 2022

    Non Member

    NON-MEMBER OFFICE

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About The Summit Beach Resort Condominium

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 718635

Central Panhandle Association of REALTORS®

APN: 30236-329-000

Florida Bay County Panama City Beach 32408

8743 Thomas Dr Unit 1123, Panama City Beach, FL

This home is located at 8743 Thomas Dr Unit 1123, Panama City Beach, FL 32408 since 02 November 2021 and is currently estimated at $330,344, approximately $446 per square foot. This property was built in 1984. 8743 Thomas Dr Unit 1123 is a home located in Bay County with nearby schools including Breakfast Point Academy, J.R. Arnold High School, and St. Bernadette Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central Panhandle Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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