The Summit Beach Resort Condominium 8743 Thomas Dr Unit 508 Panama City, FL 32408
1
Bed
1.5
Baths
740
Sq Ft
$724/mo
HOA Fee
Highlights
- Property fronts gulf or ocean
- Gated with Attendant
- Gated Parking
- J.R. Arnold High School Rated A-
- In Ground Pool
- Clubhouse
About This Home
As of July 2025The Summit is a very desirable well maintained gated condominium. This 5th floor unit has a long-standing repeat guest list that return year after year for over 20 years. Unit is rented this fall Oct- April for $1800. This Gulf Front condo is centrally located close to entertainment, Marinas, St Andrew State Park, restaurants and shopping. This unit is well maintained with many updates. Windows and sliding glass door replaced 2023, HVAC installed 5/2024. This unit has updated furnishings to include new wood coffee table, dining table and Entertainement center all from Fowhands. the kitchen has refaced cabinets and granite counter tops with tiled backsplash. Newer appliance package with smooth top stove and micro hood. 18x18 tile throughout the unit. Bathrooms have new vanities as well as new tiled shower and fixtures. The complete unit recently painted. The summit offers lots of amenities to include Poolside Tiki Bar overlooking the Gulf, 2 large pools, one is heated when needed.2 kiddie pools, 2 outdoor hot tubs as well as 1 indoor hot tub and dry saunas, beach access, market, Bikini Bob's onsite grill, fitness center, shuffleboard as well as tennis and pickleball courts.Sit back and relax out on the balcony and enjoy the wonderful views of the Gulf and sugar white sand beaches as well as wonderful sunsets.
Last Agent to Sell the Property
Top Producers Real Estate Ctr License #BK595010 Listed on: 05/29/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,195
Year Built
- Built in 1984
Lot Details
- Property fronts a highway
HOA Fees
- $724 Monthly HOA Fees
Home Design
- Stucco
Interior Spaces
- 740 Sq Ft Home
- Furnished
- Ceiling Fan
- Living Room
Kitchen
- Breakfast Bar
- Electric Oven
- Electric Cooktop
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
Parking
- Gated Parking
- Parking Lot
Pool
- In Ground Pool
- Spa
Outdoor Features
- Balcony
Schools
- Breakfast Point Elementary And Middle School
- Arnold High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
Overview
- Association fees include clubhouse, cable TV, insurance, legal/accounting, ground maintenance, pest control, playground, pool(s), recreation facilities, trash, water
- High-Rise Condominium
- The Summit Subdivision
Amenities
- Community Barbecue Grill
- Clubhouse
- Game Room
- Laundry Facilities
- Elevator
Recreation
- Community Playground
- Park
Security
- Gated with Attendant
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 29, 2024
Closed on
Jul 11, 2025
Sold by
Ahn David Paul
Bought by
Overstreet Barry and Overstreet Gayle
Seller's Agent
Donna Stokes
Top Producers Real Estate Ctr
Buyer's Agent
Jo Cochran
Anchor Realty Florida
List Price
$355,000
Sold Price
$294,750
Premium/Discount to List
-$60,250
-16.97%
Views
38
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
195.06%
Purchase Details
Closed on
Jun 1, 2001
Sold by
Faircloth Charles E
Bought by
Ahn David Paul
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,550
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Panama City, FL
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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 | $294,750 | Mti Title | |
| Warranty Deed | $294,750 | Mti Title | |
| Warranty Deed | $129,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $60,000 | Credit Line Revolving | |
| Previous Owner | $124,000 | Unknown | |
| Previous Owner | $122,550 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2025 07/11/25 | Sold | $294,750 | -3.4% | $398 / Sq Ft |
| 05/08/2025 05/08/25 | Price Changed | $305,000 | -2.7% | $412 / Sq Ft |
| 03/09/2025 03/09/25 | Price Changed | $313,500 | -0.3% | $424 / Sq Ft |
| 09/18/2024 09/18/24 | Price Changed | $314,500 | -1.7% | $425 / Sq Ft |
| 08/01/2024 08/01/24 | Price Changed | $319,995 | -5.6% | $432 / Sq Ft |
| 07/12/2024 07/12/24 | Price Changed | $338,900 | -4.5% | $458 / Sq Ft |
| 05/27/2024 05/27/24 | For Sale | $355,000 | -- | $480 / 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 | $3,195 | $214,924 | -- | -- |
| 2023 | $3,195 | $195,385 | $0 | $287,215 |
| 2022 | $2,613 | $177,623 | $0 | $0 |
| 2021 | $2,179 | $161,475 | $0 | $0 |
| 2020 | $2,032 | $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
-
Seller's Agent in 2025
Donna Stokes
Top Producers Real Estate Ctr
(850) 258-7752
18 in this area
99 Total Sales
-
J
Buyer's Agent in 2025
Jo Cochran
Anchor Realty Florida
(706) 983-9370
41 in this area
46 Total Sales
About The Summit Beach Resort Condominium
Map
Source: Central Panhandle Association of REALTORS®
MLS Number: 757735
APN: 30236-122-000
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