NOT LISTED FOR SALE

The Summit Beach Resort Condominium 8743 Thomas Dr Unit 1513 Panama City Beach, FL 32408

Estimated Value: $621,000 - $711,000

3 Beds
3 Baths
1,531 Sq Ft
$791/mo HOA Fee

Last Sold March 31, 2023

Last sale price $694,000 $453 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,897/month

123 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • In Ground Pool
  • J.R. Arnold High School Rated A-
  • 24-Hour Security
  • Electric Gate

About This Home

As of March 2023

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERSIncome producing beach escape at the gulf front Summit Resort in Panama City Beach! This fully renovated 3 Bedroom, 3 bath unit offers gulf views from the open concept kitchen/living space, and the master bedroom. This coastal chic unit was completely remodeled in 2021 with gorgeous new cabinetry, modern stainless steel appliances and quartz countertops. Spacious floor plan provides plenty of space, with 10 guests sleeping comfortably with a king in the master bedroom, guest room w/ 2 kings and a full, and a 3rd bedroom with 2 queens, plenty of room for everyone to enjoy their beach vacation or just live that condo life!

Last Agent to Sell the Property

Whitney Stevens

Corcoran Reverie Listed on: 10/05/2022

Corcoran Reverie

Co-Listed By

Sarah Bagnato

Beachy Beach Real Estate License #SL3504667

Last Buyer's Agent

Non Member

NON-MEMBER OFFICE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,623

Year Built

  • Built in 1984 | Remodeled

Lot Details

HOA Fees

  • $791 Monthly HOA Fees

Home Design

  • Stucco

Interior Spaces

  • 1,531 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Dining Room

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Home Security

Parking

  • Electric Gate
  • Additional Parking
  • Parking Lot

Outdoor Features

  • In Ground Pool
  • 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 management, cable TV, internet, legal/accounting, ground maintenance, pest control, pool(s), sewer, security, tennis courts, trash, water
  • High-Rise Condominium
  • The Summit Subdivision

Amenities

  • Community Barbecue Grill
  • Game Room

Recreation

  • Beach
  • Community Basketball Court
  • Park

Security

  • 24-Hour Security
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,623

Year Built

Built in 1984 | Remodeled

Lot Details

0

HOA Fees

$791 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1984
  • Property Sub Type: Condominium
  • Co List Office Mls Id: BBB3
  • Co List Office Phone: (850) 233-4351
  • Subdivision Name: The Summit
  • Architectural Style: High Rise
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Interior Amenities: Remodeled, Recessed Lighting
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Living Area: 1531.0
  • Dining Room Type: Dining Room, Kitchen, Primary Bedroom
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: In Ground, Community
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Concrete, Stucco
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony
  • Property Condition: Updated/Remodeled

Garage/Parking

  • Parking Features: Additional Parking, Electric Gate, Gated, Parking Lot
  • Garage: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Trash Collection, Water Connected
  • Security Features: Gated Community, 24 Hour Security, Smoke Detector(s), Security Service
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 2372.0
  • Community Features: Barbecue, Basketball Court, Beach, Fitness Center, Game Room, Other, Park, See Remarks, Short Term Rental Allowed, Tennis Court(s), Gated, Pool
  • Amenities: Game Room, Gated
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Sewer, Security, Tennis Courts, 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: 3623.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Breakfast Point
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Mar 31, 2023
Sold by
Whitt Lauren and Colby Shaw
Bought by
Perlick Timothy
Seller's Agent
Whitney Stevens
Corcoran Reverie
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$699,000
Sold Price
$694,000
Premium/Discount to List
-$5,000
-0.72%
Views
10
Current Estimated Value
$666,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,718
Avg. Annual Appreciation
-1.68%
Original Mortgage
$435,849
Outstanding Balance
$423,971
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$242,311

Purchase Details

Closed on
Mar 22, 2021
Sold by
Cabe Melody O
Bought by
Whitt Lauren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$361,250
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 20, 2018
Closed on
Mar 29, 2019
Sold by
Cabe Robert E
Bought by
Cabe Melody O
Seller's Agent
Tosha Corrigan
Keller Williams Realty SRB
Buyer's Agent
Tosha Corrigan
Keller Williams Realty SRB
List Price
$335,000
Sold Price
$335,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.30%
Original Mortgage
$125,000
Interest Rate
4.3%
Mortgage Type
New Conventional
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
Perlick Timothy $694,000 Setco Services
Whitt Lauren $425,000 Bright Line Title Llc
Cabe Melody O -- Attorney
Cabe Robert E $335,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perlick Timothy $435,849
Previous Owner Whitt Lauren $361,250
Previous Owner Cabe Melody O $125,000
Previous Owner Pinson Rachel $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold $694,000 -0.7% $453 / Sq Ft
02/06/2023 02/06/23 For Sale $699,000 0.0% $457 / Sq Ft
02/06/2023 02/06/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $699,000 0.0% $457 / Sq Ft
01/22/2023 01/22/23 Off Market $699,000 -- --
12/30/2022 12/30/22 Price Changed $699,000 -4.1% $457 / Sq Ft
11/21/2022 11/21/22 Price Changed $729,000 -1.5% $476 / Sq Ft
10/30/2022 10/30/22 Price Changed $740,000 -1.3% $483 / Sq Ft
10/05/2022 10/05/22 For Sale $750,000 +123.9% $490 / Sq Ft
06/20/2022 06/20/22 Off Market $335,000 -- --
03/29/2019 03/29/19 Sold $335,000 0.0% $219 / Sq Ft
03/29/2019 03/29/19 Sold $335,000 0.0% $219 / Sq Ft
03/11/2019 03/11/19 Pending -- -- --
03/09/2019 03/09/19 Pending -- -- --
06/20/2018 06/20/18 For Sale $335,000 -11.6% $219 / Sq Ft
04/25/2018 04/25/18 For Sale $379,000 -- $248 / 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 $5,792 $560,575 -- $560,575
2023 $5,792 $401,115 $0 $520,540
2022 $4,293 $364,650 $0 $364,650
2021 $3,623 $289,000 $0 $289,000
2020 $3,469 $289,000 $0 $289,000
2019 $2,748 $221,637 $0 $221,637
2018 $3,336 $266,088 $0 $0
2017 $2,760 $241,898 $0 $0
2016 $2,803 $241,898 $0 $0
2015 $2,793 $222,123 $0 $0
2014 $2,542 $201,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Whitney Stevens

    Seller's Agent in 2023

    Whitney Stevens

    Corcoran Reverie

    (850) 348-7302

    23 in this area

    50 Total Sales

    Whitney Stevens
    Section Image
  • Sarah Bagnato

    Seller Co-Listing Agent in 2023

    Sarah Bagnato

    Beachy Beach Real Estate

    (850) 851-9902

    5 in this area

    15 Total Sales

    Sarah Bagnato
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    NON-MEMBER OFFICE

  • Tosha Corrigan

    Seller's Agent in 2019

    Tosha Corrigan

    Keller Williams Realty SRB

    (850) 660-1000

    2 in this area

    91 Total Sales

    Tosha Corrigan
    Section Image
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About The Summit Beach Resort Condominium

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 733046

Central Panhandle Association of REALTORS®

APN: 30236-447-000

Florida Bay County Panama City Beach 32408

8743 Thomas Dr Unit 1513, Panama City Beach, FL

This home is located at 8743 Thomas Dr Unit 1513, Panama City Beach, FL 32408 since 05 October 2022 and is currently estimated at $666,282, approximately $435 per square foot. This property was built in 1984. 8743 Thomas Dr Unit 1513 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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