4 months on rocket

8743 Thomas Dr Unit 711, Panama City, FL, 32408

$339,000

Home List Price

$4,026*

Closing Credit

1 Bedroom
1 Full Bath, 1 Partial
740 SqFt
$458/SqFt
Condo

Location

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8743 Thomas Dr Unit 711, Panama City$339,000

Buyer Closing Credits

$4,026*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAdditional Parking, Gated, Paved, Parking Lot
Year Built1984
HeatingCentral, Electric
CoolingCentral Air, Electric
WaterfrontGulf, Sandy Shoreline
ViewGulf
MLS #758215
StatusActive

About 8743 Thomas Dr Unit 711

Back on the market. 1 Bedroom/1.5 Bath. The Summit is a highly desirable beachfront condominium property with a long history of exceptional rental income. This 7th floor unit offers stunning views of the Gulf of Mexico. 1-bedroom with a king size bed, plus hallway bunk beds and a queen sofa sleeper. Full kitchen with all appliances, including a washer and dryer. This turn-key condo comes fully furnished and rental ready. Unit has new sliding glass doors and windows. The resort offers an abundance of amenities, including 2 large pools, 2 kiddie pools, 2 outdoor hot tubs, 1 indoor hot tub, dry saunas, fitness center, shuffleboard courts, tennis/pickleball courts, Bar-b-que grills & picnic areas, poolside tiki bar and Bikini Bob's restaurant. This beachfront condominium is across the street from numerous amusement rides and restaurants and close to shopping and sports complexes. All information is approximate and should be verified by buyers if important. **SELLER WILL CONSIDER OWNER FINANCING** (terms: 20% down, 8% interest rate, 30yr amortization, 3-5yr balloon).

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: Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Freezer, Ice Maker, Microwave, Refrigerator, Washer

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • Waterfront: Gulf, Sandy Shoreline
  • View: Gulf
  • Exterior: Balcony, Sprinkler/Irrigation

Parking Information:

  • Parking: Additional Parking, Gated, Paved, Parking Lot

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: 8743 Thomas Drive. Heading west on Thomas Drive the 15 story complex will be on your left hand side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $339,000
  • Price Per SqFt: $458/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 711 vs Panama City

132 DAYS ON ROCKET

+55 Days

$339,000

-$477 Less

$458/SqFt

+$256 More

KEY TAKEAWAY

This property is $477 less than the Median Sold Price and $256/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: #758215

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: 11/21/2024, 11:55:52 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

$2,483

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,083

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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-478639
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.73 miles

  • Public District Grades KG-5

school-card-donut-478640
5
/10

  • Hutchison Beach Elementary School

  • 12900 Hutchison Blvd

  • 3.39 miles

  • Public District Grades KG-5

school-card-donut-478641
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. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8743 Thomas Dr Unit 711

What is the listing price of this property?

The listing price of 8743 Thomas Dr Unit 711 property is $339,000.

What type of property is this?

The property 8743 Thomas Dr Unit 711 is a condo located in Panama City, Florida, 32408.

Is this property for sale now?

Active Listing: 8743 Thomas Dr Unit 711 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 711 has 1 bedroom and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 8743 Thomas Dr Unit 711 is 740 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8743 Thomas Dr Unit 711 is 1984.

Rocket Homes›Florida›Bay County›Panama City›32408›8743 Thomas Dr Unit 711

This home is located at 8743 Thomas Dr Unit 711 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 July 12, 2024 and is currently priced at $339,000.

In October 2024, from all listings sold in Panama City, FL there were more than 16 sold above asking price, over 138 sold below and more than 40 were sold right at the asked price. Between September 2024 and October 2024, Panama City, FL real estate market has seen decrease in the number of listings by 1.7%. 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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