NOT LISTED FOR SALE

The Summit Beach Resort Condominium 8743 Thomas Dr Unit 501 Panama City Beach, FL 32408

Estimated Value: $405,605 - $426,000

2 Beds
2 Baths
985 Sq Ft
$631/mo HOA Fee

Last Sold April 01, 2022

Last sale price $420,000 $426 Per Sq Ft

Current estimated payment $3,251/month

12 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Fishing
  • J.R. Arnold High School Rated A-
  • Heated In Ground Pool
  • Gated Community

About This Home

As of April 2022

CHEAPEST 2 BEDROOM ON THE BEACH! This is a much desired 2 Bedroom (corner unit) on the West Side of the Summit complex, see every Sun set every day. The Summit has 2 pools, 2 hot tubs, tiki bar, gym, playground and tennis courts. The complex is across the street from amusement rides and several nice restaurants. This unit has views that are unbelievable. The Summit has 2 great pools one heated. Hammerhead Fred's, Guadalajara Mexican grill, Wendy's, Subway and Pizza are just across the street. This beautiful unit comes completely furnished and ready to rent or use as your home in paradise.

Last Agent to Sell the Property

Mike Rylee

Beach Time Realty Inc License #3320034 Listed on: 02/23/2022

Last Buyer's Agent

Mike Rylee

Beach Time Realty Inc License #3320034 Listed on: 02/23/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,443

Year Built

  • Built in 1985

Lot Details

  • Property is Fully Fenced

HOA Fees

  • $631 Monthly HOA Fees

Home Design

  • Rolled or Hot Mop Roof
  • Piling Construction
  • Stucco

Interior Spaces

  • 985 Sq Ft Home
  • Furnished
  • Window Treatments
  • Family Room
  • Tile Flooring

Kitchen

  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Heated In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Balcony

Schools

  • Breakfast Point Elementary And Middle School
  • Arnold High School

Utilities

  • Central Air
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 30236-115-000

Community Details

Overview

  • Association fees include accounting, ground keeping, internet service, management, master, recreational faclty, security, sewer, telephone, water, cable TV, trash
  • 449 Buildings
  • 449 Units
  • The Summit Subdivision
  • Handicap Modified Features In Community
  • 16-Story Property

Amenities

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

Recreation

  • Beach
  • Fishing

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,443

Year Built

Built in 1985

Lot Details

0

HOA Fees

$631 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: The Summit
  • Directions: 8743 Thomas Dr
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1985
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Waterview:Gulf2: Yes
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Rooms:Balcony2: Yes
  • Rooms:Family Room: Yes
  • Special Features: None

Interior Features

  • Number Of Buildings: 449
  • Appliances: Dishwasher, Dryer, Microwave, Range Hood, Refrigerator W/IceMk, Smoke Detector, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Floor Tile, Furnished - All, Kitchen Island, Owner's Closet, Washer/Dryer Hookup, Window Treatment All
  • Stories: 16
  • Interior:WasherDryer Hookup: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Interior:Furnished - All: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Kitchen Island: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Foundation On Piling, Roof Rolled, Stucco
  • Exterior Features: Balcony, Fenced Lot-All, Hot Tub, Pool - Heated, Pool - In-Ground, Shower, Tennis Court
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • ConstructionSiding:Foundation On Piling: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Shower: Yes
  • Exterior:Hot Tub: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:Tennis Court: Yes
  • Exterior:Fenced Lot-All: Yes
  • ConstructionSiding:Roof Rolled: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Electric, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Dumpster, Elevators, Exercise Room, Fishing, Game Room, Gated Community, Handicap Provisions, Laundry, Picnic Area, Pool, Sauna/Steam Room, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 1894.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Internet Service, Management, Master Association, Recreational Faclty, Security, Sewer, Telephone, Water, Cable TV, Trash

Schools

  • Elementary School: Breakfast Point
  • High School: Arnold
  • Middle Or Junior School: Breakfast Point

Lot Info

  • Parcel #: 30236-115-000
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 449

Tax Info

  • Tax Annual Amount: 2443.07
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2022
Closed on
Mar 31, 2022
Sold by
Pollard and Amie
Bought by
Dixon Clinton
Seller's Agent
Mike Rylee
Beach Time Realty Inc
Buyer's Agent
Mike Rylee
Beach Time Realty Inc
List Price
$420,000
Sold Price
$420,000
Current Estimated Value
$419,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$599
Avg. Annual Appreciation
0.29%
Original Mortgage
$320,000
Outstanding Balance
$302,355
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$121,870

Purchase Details

Closed on
Feb 24, 2012
Sold by
Farkas Becky Lori and Council Susan Lea
Bought by
Pollard Ron and Pollard Amie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
3.96%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Dixon Clinton $420,000 None Listed On Document
Pollard Ron $160,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dixon Clinton $320,000
Previous Owner Pollard Ron $77,000
Previous Owner Council Hal A $72,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2022 04/01/22 Sold $420,000 0.0% $426 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
02/23/2022 02/23/22 For Sale $420,000 -- $426 / Sq Ft
Source: Emerald Coast 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 $4,623 $394,723 -- $394,723
2023 $4,623 $368,900 $0 $368,900
2022 $2,979 $236,555 $0 $0
2021 $2,878 $215,050 $0 $0
2020 $2,442 $195,500 $0 $195,500
2019 $2,473 $201,875 $0 $201,875
2018 $2,381 $190,425 $0 $0
2017 $2,120 $184,880 $0 $0
2016 $2,028 $174,250 $0 $0
2015 $2,030 $161,989 $0 $0
2014 $1,779 $147,263 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Rylee

    Seller's Agent in 2022

    Mike Rylee

    Beach Time Realty Inc

    (850) 238-6261

    70 in this area

    104 Total Sales

    Mike Rylee
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About The Summit Beach Resort Condominium

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 891748

Emerald Coast Association of REALTORS®

APN: 30236-115-000

Florida Bay County Panama City Beach 32408

8743 Thomas Dr Unit 501, Panama City Beach, FL

This home is located at 8743 Thomas Dr Unit 501, Panama City Beach, FL 32408 since 23 February 2022 and is currently estimated at $419,401, approximately $425 per square foot. This property was built in 1985. 8743 Thomas Dr Unit 501 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.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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