The Summit Beach Resort Condominium 8743 Thomas Dr Unit 201 Panama City, FL 32408
2
Beds
2
Baths
985
Sq Ft
$768/mo
HOA Fee
Highlights
- Beach
- Property fronts gulf or ocean
- Building Security
- J.R. Arnold High School Rated A-
- Deeded access to the beach
- In Ground Pool
About This Home
As of May 2025'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Stunning Gulf-View Corner Unit: $46K (2022), $54K (2023), $54K YTD (2024) in Rental Income and already over $21k booked for 2025! Unit 201 at The Summit Beach Resort is a proven investment opportunity and an inviting coastal retreat. This stunning 2-bedroom, 2-bathroom corner condo is located on the 2nd floor, offering easy access with no need for elevators. Spanning 985 sq. ft., the west-facing unit boasts breathtaking Gulf sunsets from a private balcony and comes fully furnished in a chic coastal style, comfortably sleeping seven guests. The primary suite features a king bed and an upgraded en suite bathroom with a walk-in shower, while the second bedroom includes a twin and full-size bed with convenient guest bath access. Enjoy a cozy living area with a queen sleeper sofa, a fully equipped kitchen with stainless steel appliances, and outdoor seating on the balcony to soak in the views.The Summit Beach Resort offers exceptional amenities, including two heated pools, hot tubs, a Tiki bar, and direct beach access. Located next to the soon-to-open Tootsies, you'll have incredible entertainment right at your doorstep, along with convenient proximity to popular restaurants like Hammerhead Fred's and Longboards, family-friendly attractions such as WonderWorks and Shipwreck Island, and outdoor adventures at Saint Andrew's State Park. Unit 201 combines comfort, convenience, and proven rental success with even more exciting nearby developments to come!
Last Agent to Sell the Property
Beach Haven Realty License #SL3492940 Listed on: 10/24/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,623
Year Built
- Built in 1984
Lot Details
HOA Fees
- $768 Monthly HOA Fees
Interior Spaces
- 985 Sq Ft Home
- Furnished
- Ceiling Fan
- Living Room
- Stacked Washer and Dryer
Kitchen
- Electric Oven
- Electric Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Home Security
Parking
- Gated Parking
- Parking Lot
Outdoor Features
- In Ground Pool
- Deeded access to the beach
- Balcony
- Covered Patio or Porch
Schools
- Breakfast Point Elementary And Middle School
- Arnold High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Community Details
Overview
- Association fees include clubhouse, cable TV, internet, laundry, legal/accounting, ground maintenance, pool(s), sewer, trash, water
- High-Rise Condominium
- Summit Subdivision
Amenities
- Community Barbecue Grill
- Picnic Area
- Clubhouse
- Game Room
- Business Center
- Laundry Facilities
- Elevator
Recreation
- Beach
- Community Basketball Court
Security
- Building Security
- Gated Community
- Storm Windows
- Storm Doors
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 24, 2024
Closed on
May 13, 2025
Sold by
Bain David Edward and Bain Tashia
Bought by
Winton Kolter David and Winton Morgan Leigh
Seller's Agent
Tyler Smith
Beach Haven Realty
Buyer's Agent
Tyler Smith
Beach Haven Realty
List Price
$475,000
Sold Price
$425,000
Premium/Discount to List
-$50,000
-10.53%
Views
31
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.25%
Original Mortgage
$318,750
Outstanding Balance
$318,750
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$112,737
Purchase Details
Listed on
Nov 10, 2020
Closed on
Mar 31, 2021
Sold by
Powell Homer S and Powell Angela Pallino
Bought by
Cundiff Michael S and Cundiff Katie L
Seller's Agent
Mike Rylee
Beach Time Realty, Inc
Buyer's Agent
Jo Cochran
Anchor Realty Florida
List Price
$279,900
Sold Price
$274,900
Premium/Discount to List
-$5,000
-1.79%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.15%
Original Mortgage
$219,920
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 26, 2002
Sold by
Cabe Robert E and Cabe Melody O
Bought by
Pallino Powell Jr Homer J and Pallino Powell Angela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Panama City, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $425,000 | Clear Title | |
| Warranty Deed | $274,900 | Defender Title & Escrow | |
| Warranty Deed | $175,000 | Lanco Title & Escrow |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $318,750 | New Conventional | |
| Previous Owner | $219,920 | New Conventional | |
| Previous Owner | $155,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/14/2025 05/14/25 | Sold | $425,000 | -3.4% | $431 / Sq Ft |
| 01/31/2025 01/31/25 | Price Changed | $440,000 | -2.2% | $447 / Sq Ft |
| 12/02/2024 12/02/24 | Price Changed | $450,000 | -3.2% | $457 / Sq Ft |
| 11/15/2024 11/15/24 | Price Changed | $465,000 | -2.1% | $472 / Sq Ft |
| 10/24/2024 10/24/24 | For Sale | $475,000 | +72.8% | $482 / Sq Ft |
| 07/05/2022 07/05/22 | Off Market | $274,900 | -- | -- |
| 03/31/2021 03/31/21 | Sold | $274,900 | 0.0% | $279 / Sq Ft |
| 02/19/2021 02/19/21 | Price Changed | $274,900 | +3.7% | $279 / Sq Ft |
| 02/02/2021 02/02/21 | Price Changed | $265,000 | -5.3% | $269 / Sq Ft |
| 11/10/2020 11/10/20 | For Sale | $279,900 | -- | $284 / Sq Ft |
Source: Central Panhandle Association of REALTORS®
Tax History Compared to Growth
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 | $3,025 | $246,500 | $0 | $246,500 |
| 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
-
Seller's Agent in 2025
Tyler Smith
Beach Haven Realty
(479) 225-3723
29 in this area
88 Total Sales
-
Seller's Agent in 2021
Mike Rylee
Beach Time Realty, Inc
(850) 238-6261
93 in this area
133 Total Sales
-
J
Buyer's Agent in 2021
Jo Cochran
Anchor Realty Florida
(706) 983-9370
41 in this area
45 Total Sales
About The Summit Beach Resort Condominium
Map
Source: Central Panhandle Association of REALTORS®
MLS Number: 764398
APN: 30236-019-000
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.
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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