2 months on rocket

8743 Thomas Dr Unit 201, Panama City, FL, 32408

$450,000

Home List Price

$5,344*

Closing Credit

2 Bedrooms
2 Full Baths
985 SqFt
$457/SqFt
Condo

Location

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8743 Thomas Dr Unit 201, Panama City$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGated, Parking Lot
Year Built1984
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
WaterfrontGulf, Sandy Shoreline
ViewGulf
MLS #764398
StatusActive

About 8743 Thomas Dr Unit 201

Stunning Gulf-View Corner Unit: $46K (2022), $54K (2023), $54K YTD (2024) in Rental Income! 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!

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1984
  • Living Area: 985 SqFt

Listing Office:

  • Office Name: Beach Haven Realty

Interior Features

Interior Information:

  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

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

Parking Information:

  • Parking: Gated, Parking Lot

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From Highway 98, turn left on Joan Ave, right on Thomas Dr.

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $457/SqFt

HOA Fees:

  • Amount: $2303
  • Frequency: Quarterly
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Housing Market Comparison

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

Med. Sold Price

$339.4K

Med. Price/SqFt

$202

Avg. Days On Market

79

# of Sold Homes

196

8743 Thomas Dr Unit 201 vs Panama City

65 DAYS ON ROCKET

-14 Days

$450,000

+$110.5K More

$457/SqFt

+$254 More

KEY TAKEAWAY

This property is $110.5K more than the Median Sold Price and $254/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #764398

Listing Office:

  • Office Name: Beach Haven Realty

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© 2025 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: 1/2/2025, 8:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,080

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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NMLS#3030

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-2335
7
/10
  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.73 miles

  • Public District Grades KG-5

school-card-donut-2336
5
/10
  • Hutchison Beach Elementary School

  • 12900 Hutchison Blvd

  • 3.39 miles

  • Public District Grades KG-5

school-card-donut-2337
3
/10
  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 5.23 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,561. The most common annual income of people living in Panama City, FL is 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 201

What is the listing price of this property?

The listing price of 8743 Thomas Dr Unit 201 property is $450,000.

What type of property is this?

The property 8743 Thomas Dr Unit 201 is a condo located in Panama City, Florida, 32408.

Is this property for sale now?

Active Listing: 8743 Thomas Dr Unit 201 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 8743 Thomas Dr Unit 201 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 8743 Thomas Dr Unit 201 is 985 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8743 Thomas Dr Unit 201 is 1984.

Rocket HomesFloridaBay CountyPanama City324088743 Thomas Dr Unit 201

This home is located at 8743 Thomas Dr Unit 201 in Panama City, FL and zip code 32408. This 985 square foot home was built in 1984. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 29, 2024 and is currently priced at $450,000.

In December 2024, from all listings sold in Panama City, FL there were more than 11 sold above asking price, over 146 sold below and more than 39 were sold right at the asked price. The inventory of homes for sale in Panama City, FL between November 2024 and December 2024 decreased by 1.4%. While the average time on the market in December 2024 was 79 days, the median list price was $339,456.

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

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