NOT LISTED FOR SALE

The Summit Beach Resort Condominium 8743 Thomas Dr Unit 331 Floor 3 Panama City Beach, FL 32408

Estimated Value: $253,000 - $287,920

1 Bed
2 Baths
740 Sq Ft
1984 Built

Sale Details

Date Sold: February 10, 2026

Last sale price $255,000 $345 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,744 / mo

66 Days on Market

Highlights

  • Beach
  • 24-Hour Security
  • Clubhouse
  • Property fronts gulf or ocean
  • In Ground Pool
  • Elevator

About This Home

As of February 2026

THE BEST PRICED UNIT AT THE SUMMIT! This third floor one bed, two bath unit offers stunning Gulf views, exceptional value, and an ideal layout in one of Panama City Beach's most highly sought after buildings. The interior offers several updates throughout, including shiplap accents in the bath, dining, and living areas, while the upgraded kitchen features new appliances and updated lighting. This condo is being sold fully furnished and move-in ready, offering a seamless transition for either the right investor or retiree. The Summit has long been the rental staple of Panama City Beach and is currently undergoing balcony repairs (as seen in photos), while Tootsie's night club is quickly being built next door—adding even more excitement, value, and rental potential for the future to an already ideal location. Don't miss your opportunity to invest in this ideally located lower floor unit with tremendous upside and future rental potential. Inquire for all details!

Last Agent to Sell the Property

Dale Gumm

Anchor Realty Florida Listed on: 11/04/2025

Last Buyer's Agent

Laina Dillman

Lifes A Beach Real Estate, LLC

Lifes A Beach Real Estate, LLC

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1984

Home Design

  • Entry on the 3rd floor

Kitchen

  • Electric Oven
  • Electric Cooktop

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Enclosed Patio or Porch

Schools

  • Breakfast Point Elementary And Middle School
  • Arnold High School

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Additional Features

Community Details

Overview

  • Property has a Home Owners Association
  • High-Rise Community
  • Summit Subdivision

Amenities

  • Clubhouse
  • Game Room
  • Laundry Facilities
  • Elevator

Recreation

  • Beach

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Year Built

Built in 1984

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Year Built: 1984
  • Property Sub Type: Condominium
  • Lot Size: condo
  • Road Frontage Type: City Street
  • Subdivision Name: Summit
  • Architectural Style: High Rise
  • Entry Level: 3
  • New Construction: No
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Dining Room Type: Bedroom, Full Bath, Kitchen

Exterior Features

  • Pool Features: In Ground, Community, Private
  • Pool Private: Yes
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Exterior Features: Patio
  • Patio And Porch Features: Enclosed, Patio

Garage/Parking

  • Garage: No

Utilities

  • Utilities: Cable Connected, Electricity Available
  • Security Features: 24 Hour Security, Security Guard, Security Service
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Beach, Clubhouse, Elevator, Laundry Facilities, Pool, Waterfront, Short Term Rental Allowed
  • Amenities: Game Room
  • Association: Yes

Schools

  • Middle Or Junior School: Breakfast Point

Lot Info

  • Mobile Dim Units: Feet
  • Zoning Description: County

Multi Family

  • Number Of Units Furnished: All Units

MLS Schools

  • Elementary School: Breakfast Point
  • High School: Arnold

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2025
Closed on
Feb 9, 2026
Sold by
Bought by
Seller's Agent
Dale Gumm
Anchor Realty Florida
Buyer's Agent
Laina Dillman
Lifes A Beach Real Estate, LLC
List Price
$279,900
Sold Price
$255,000
Premium/Discount to List
-$24,900
-8.9%
Views
20
Current Estimated Value
$263,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,480
Avg. Annual Appreciation
8.75%
Original Mortgage
$150,000
Outstanding Balance
$150,000
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$113,480

Purchase Details

Closed on
May 20, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,751
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2011
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$255,000 Omega National Title Agency
$325,000 None Listed On Document
-- Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $150,000
Previous Owner $233,751
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/10/2026 02/10/26 Sold $255,000 -5.5% $345 / Sq Ft
01/09/2026 01/09/26 Pending -- -- --
11/22/2025 11/22/25 Price Changed $269,900 -3.6% $365 / Sq Ft
11/04/2025 11/04/25 For Sale $279,900 -- $378 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,948 $263,500 -- $263,500
2024 $3,712 $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

  • Dale Gumm

    Seller's Agent in 2026

    Dale Gumm

    Anchor Realty Florida

    (270) 319-8903

    87 Total Sales

    Dale Gumm
    Section Image
  • Laina Dillman

    Buyer's Agent in 2026

    Laina Dillman

    Lifes A Beach Real Estate, LLC

    (972) 743-9499

    105 Total Sales

    Laina Dillman
    Section Image
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About The Summit Beach Resort Condominium

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 781183

Central Panhandle Association of REALTORS®

APN: 30236-081-000

Florida Bay County Panama City Beach 32408

8743 Thomas Dr Unit 331, Panama City Beach, FL

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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