8743 Thomas Dr Unit 731, Panama City Beach, FL, 32408

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

8743 Thomas Dr Unit 731, Panama City Beach$369,000

Buyer Closing Credits

$4,382^*

1.25% Loan Amount

Sell Your Home And Save More

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeCondominium

ParkingParking Lot

Year Built1984

HeatingCentral, Electric

CoolingCentral Air, Electric

WaterfrontGulf, Waterfront

ViewGulf

MLS #752101

StatusActive

About 8743 Thomas Dr Unit 731

Discover your slice of paradise at Summit Beach Resort! This one-bedroom condo, located on the 7th floor, offers breathtaking gulf views and resort-style living. Enjoy modern amenities, stunning sunsets, and direct beach access. Your coastal retreat awaits. Don't miss out - inquire today!

View More

Property Details

Property Features

Property Information:

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

Listing Office:

• Office Name: Prok Invest LLC

Interior Features

Interior Information:

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

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

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

Parking Information:

• Parking: Parking Lot

Lot Features

Lot Information:

• Lot: Waterfront

Utilities

Utilities Information:

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

Other

Directions Information:

• Directions: From Joan Avenue and Thomas Drive, go WEST on Thomas Drive. The Summit is on the gulf on the left.

Price Information

Listing Price Info

Price Summary:

• List Price: $369,000
• Price Per SqFt: $499/SqFt

HOA Fees:

• Amount: $2173
• Frequency: Quarterly

Tax Information:

• Annual Amount: $1,980
• Tax Year: 2020

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

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

Panama City Beach, FL

City

Med. Sold Price

$464.7K

Med. Price/SqFt

$328

Avg. Days On Market

104

# of Sold Homes

129

8743 Thomas Dr Unit 731 vs Panama City Beach

296 DAYS ON ROCKET

+192 Days

$369,000

-$95.7K Less

$499/SqFt

+$170 More

KEY TAKEAWAY

This property is $95.7K less than the Median Sold Price and $170/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: #752101

Listing Office:

• Office Name: Prok Invest LLC

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: 11/25/2024, 12:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$1,980	$164,900
2018	$1,709	$133,450
2017	$1,500	$129,625

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$2,633

Per Month

Principal & Interest

$1,842

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$724

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,173

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Florida›Bay County›Panama City Beach›32408›8743 Thomas Dr Unit 731

This home is located at 8743 Thomas Dr Unit 731 in Panama City Beach, 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 February 03, 2024 and is currently priced at $369,000.

In October 2024 more than 5 listings in Panama City Beach, FL were sold above the asking price. During the same period more than 25 listings were sold at asking price, while more than 99 were sold below. The number of homes for sale in Panama City Beach, FL increased by 0.4% between September 2024 and October 2024. In October 2024, listings were on the market for 104 days. During the same period, the median list price in this real estate market was $464,783.

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