5 months on rocket

8743 Thomas Dr Unit 508, Panama City, FL, 32408

$314,500

Home List Price

$3,735*

Closing Credit

1 Bedroom
1 Full Bath, 1 Partial
740 SqFt
$425/SqFt
Condo

Location

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8743 Thomas Dr Unit 508, Panama City$314,500

Buyer Closing Credits

$3,735*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGated, Parking Lot
Year Built1984
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontGulf, Sandy Shoreline, Waterfront
ViewGulf
MLS #757735
StatusActive

About 8743 Thomas Dr Unit 508

The 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.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1984
  • Living Area: 740 SqFt

Listing Office:

  • Office Name: Top Producers Real Estate Ctr

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator
  • Interior: Breakfast Bar

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Waterfront: Gulf, Sandy Shoreline, Waterfront
  • View: Gulf
  • Exterior: Built-in Barbecue, Balcony

Parking Information:

  • Parking: Gated, Parking Lot

Lot Features

Lot Information:

  • Lot: Waterfront

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Front Beach Rd to Joan Ave, then right on Thomas dr. Complex is Gulf front.

Price Information

Listing Price Info

Price Summary:

  • List Price: $314,500
  • Price Per SqFt: $425/SqFt

HOA Fees:

  • Amount: $2173
  • Frequency: Quarterly
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Housing Market Comparison

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

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Panama City, FL

City

Med. Sold Price

$339.4K

Med. Price/SqFt

$201

Avg. Days On Market

77

# of Sold Homes

194

8743 Thomas Dr Unit 508 vs Panama City

174 DAYS ON ROCKET

+97 Days

$314,500

-$24.9K Less

$425/SqFt

+$223 More

KEY TAKEAWAY

This property is $24.9K less than the Median Sold Price and $223/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: #757735

Listing Office:

  • Office Name: Top Producers Real Estate Ctr

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: 11/22/2024, 7:20:51 AM 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

$2,361

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,009

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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-549120
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.73 miles

  • Public District Grades KG-5

school-card-donut-549121
5
/10

  • Hutchison Beach Elementary School

  • 12900 Hutchison Blvd

  • 3.39 miles

  • Public District Grades KG-5

school-card-donut-549122
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. Typical income of Panama City, FL residents is between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8743 Thomas Dr Unit 508

What is the listing price of this property?

The listing price of 8743 Thomas Dr Unit 508 property is $314,500.

What type of property is this?

The property 8743 Thomas Dr Unit 508 is a condo located in Panama City, Florida, 32408.

Is this property for sale now?

Active Listing: 8743 Thomas Dr Unit 508 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 508 has 1 bedroom and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 8743 Thomas Dr Unit 508 is 740 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8743 Thomas Dr Unit 508 is 1984.

Rocket Homes›Florida›Bay County›Panama City›32408›8743 Thomas Dr Unit 508

This home is located at 8743 Thomas Dr Unit 508 in Panama City, FL and zip code 32408. This 740 square foot home was built in 1984. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since May 31, 2024 and is currently priced at $314,500.

Over 16 listings were sold over their listed price in October 2024 in Panama City, FL. In the same period over 138 listings were sold below the listed price and 40 listings were sold for the listed price. The number of homes for sale in Panama City, FL decreased by 1.7% between September 2024 and October 2024. While the average time on the market in October 2024 was 77 days, the median list price was $339,477.

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

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