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8743 Thomas Dr Unit 1513, Panama City Beach, FL, 32408

$688,900

Home List Price

$8,181*

Closing Credit

3 Bedrooms
3 Full Baths
1,531 SqFt
$450/SqFt
Condo

Location

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8743 Thomas Dr Unit 1513, Panama City Beach$688,900

Buyer Closing Credits

$8,181*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAdditional Parking, Electric Gate, Gated
Year Built1984
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontGulf, Sandy Shoreline
ViewGulf
MLS #763971
StatusActive

About 8743 Thomas Dr Unit 1513

Experience luxury living in this breathtaking 3 bedroom, 3 bath Gulf front condo located on the 15th floor of The Summit, a premier beachfront property loved by vacationers. This unit offers panoramic views of the sparkling Gulf of Mexico and the pristine white sands of the world-renowned beach. The open-concept design features a spacious living area with large windows that fill the space with natural light, highlighting the stunning ocean vistas.The kitchen is well-appointed with stainless steel appliances and elegant quartz countertops, making it perfect for entertaining. Throughout the condo, you'll find durable LVP flooring, combining style with functionality. Each of the three generously sized bedrooms is designed for comfort, with convenient access to well-appointed bathrooms.Step outside to your private balcony to savor morning coffee or evening cocktails while overlooking the tranquil waves. Residents of The Summit enjoy an array of resort-style amenities, including multiple heated pools, a hot tub, a fitness center, a children's play area, and direct beach access. The property also features barbecue grills, a picnic area, and on-site dining options, ensuring a fun and convenient experience.Ideally located just minutes away from dining, shopping, and entertainment, this condo provides a perfect blend of convenience and seclusion. For investors, this unit at The Summit presents an excellent opportunity for short-term rental income, with its prime location and desirable features ensuring strong demand from vacationers year-round. Don't miss out on this incredible opportunity to own a piece of paradisea"contact us today for a private showing!

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1984
  • Living Area: 1,531 SqFt

Listing Office:

  • Office Name: Beach House Sales and Development

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Gulf, Sandy Shoreline
  • View: Gulf
  • Exterior: Balcony

Parking Information:

  • Parking: Additional Parking, Electric Gate, Gated

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Other

Directions Information:

  • Directions: From the Hathaway Bridge head South on Thomas Drive toward the beaches. Take a Right at the fork and continue on Thomas Drive. The Summit will be on your left (Gulf side).

Price Information

Listing Price Info

Price Summary:

  • List Price: $688,900
  • Price Per SqFt: $450/SqFt

HOA Fees:

  • Amount: $2208
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $3,469
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Panama City Beach, FL.

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Panama City Beach, FL

City

Med. Sold Price

$454.5K

Med. Price/SqFt

$321

Avg. Days On Market

104

# of Sold Homes

123

8743 Thomas Dr Unit 1513 vs Panama City Beach

65 DAYS ON ROCKET

-39 Days

$688,900

+$234.3K More

$450/SqFt

+$129 More

KEY TAKEAWAY

This property is $234.3K more than the Median Sold Price and $129/SqFt more than other homes in Panama City Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #763971

Listing Office:

  • Office Name: Beach House Sales and Development

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 9:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 23, 2021Home Sold
$425,000
Apr 01, 2019Home Sold
$335,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,469$289,000
2018$3,336$266,088
2017$2,760$241,898

History based on county public records data.

Payment Calculator

$4,242

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,132

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1081314
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.73 miles

  • Public District Grades KG-5

school-card-donut-1081315
5
/10

  • Hutchison Beach Elementary School

  • 12900 Hutchison Blvd

  • 3.39 miles

  • Public District Grades KG-5

school-card-donut-1081316
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 5.23 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,561. Most Panama City Beach, FL residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8743 Thomas Dr Unit 1513

What is the listing price of this property?

The listing price of 8743 Thomas Dr Unit 1513 property is $688,900.

What type of property is this?

The property 8743 Thomas Dr Unit 1513 is a condo located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 8743 Thomas Dr Unit 1513 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,469 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 23, 2021 for $425,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8743 Thomas Dr Unit 1513 has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 8743 Thomas Dr Unit 1513 is 1,531 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8743 Thomas Dr Unit 1513 is 1984.

Rocket Homes›Florida›Bay County›Panama City Beach›32408›8743 Thomas Dr Unit 1513

This home is located at 8743 Thomas Dr Unit 1513 in Panama City Beach, FL and zip code 32408. This 1,531 square foot home was built in 1984. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $688,900.

Over 8 listings were sold over their listed price in November 2024 in Panama City Beach, FL. In the same period over 90 listings were sold below the listed price and 25 listings were sold for the listed price. The number of homes for sale in Panama City Beach, FL increased by 1% between October 2024 and November 2024. The median list price of listings available in November 2024 was $454,516, while the average time on the real estate market was 104 days.

From Rocket Homes Real Estate and based on county public records data.

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