8743 Thomas Dr, Unit 508

Panama City, FL 32408

$305,000
Price
1
Bed
740 Sq. Ft.
$412 / Sq. Ft.
740
Sq. Ft.
$412
per Sq. Ft.

Description

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...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.
  1. Listed by Donna M Stokes • Top Producers Real Estate Ctr

Property Details for 8743 Thomas Drive, Unit 508

Architectural Style
High Rise
Waterfront
Yes
Waterfront Features
Gulf, Shoreline Sand, Waterfront
Parking Features
Gated, Parking Lot
Subdivision Name
The Summit
View
Gulf
Zoning Description
Resid Single Family
View
Yes
LISTING UPDATED: 07/06/2025 07:36 AM

Property Details for 8743 Thomas Drive, Unit 508

StatusUnder Contract - Taking Backups
MLS #757735
Days on Market354
Taxes$3,195 / year
HOA Fees$2,173 / quarter
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium / Condominium
Year Built1984
CountyBay County

Location

Listing Courtesy of Top Producers Real Estate Ctr
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Building Information for 8743 Thomas Drive, Unit 508

Building/Complex8743 Thomas DrFloor5Stories-Residences-Pet Policy-Pet Policy Details-Year Built1984

Payment Calculator

$2,589 per month

30 year fixed, 6.845% Interest

Principal and Interest

$1,598

Property Taxes

$266

HOA Dues

$724

The Payment Calculator is for illustrative purposes only.

Property Information for 8743 Thomas Drive, Unit 508

Summary
Location and General Information
  • City: Panama City
  • County Or Parish: Bay
  • Directions: Front Beach Rd to Joan Ave, then right on Thomas dr. Complex is Gulf front.
  • Road Surface Type: Paved
  • Postal Code: 32408
  • Latitude: 30.167949
  • Longitude: -85.79193
  • State Or Province: FL
  • Road Frontage Type: Highway
  • MLS Area Major: 03 - Bay County - Beach
  • MLS Area Minor: 0323 - Beach - South of Grand Lagoon
Taxes and HOA Information
  • Parcel Number: 30236-122-000
  • Association Fee: $2,173.00
  • Association Fee Frequency: Quarterly
  • Association Fee Includes: Clubhouse, Cable Tv, Insurance, Legal Accounting, Maintenance Grounds, Pest Control, Playground, Pools, Recreation Facilities, Trash, Water
  • Association: Yes
  • Tax Annual Amount: $3,195.00
  • Tax Legal Description: THE SUMMIT UNIT 508 1BR 1.5B 740 H&C ORB 2039 P 1857 PLAN A
  • Tax Year: 2023
School Information
  • Elementary School: Breakfast Point
  • High School: Arnold
  • Middle Or Junior School: Breakfast Point
Parking
  • Garage: No
Property
Lot Information
  • Lot Features: Waterfront
  • Lot Size Dimensions: 00
  • Living Area: 740.0
  • Living Area Source: Appraiser
Property and Assessments
  • Other Structures: Tennis Courts
  • Year Built: 1984
  • Public Survey Range: 15W
  • Public Survey Section: 6
  • Public Survey Township: 4S
  • Human Modified: No
Utilities
  • Utilities: Cable Connected, Other, See Remarks, Trash Collection, Water Connected
Interior and Exterior Features
Exterior Features
  • Building Features: Dumpster
  • Exterior Features: Built In Barbecue, Balcony
  • Fencing: Full
  • Pool Features: In Ground, Community
  • Spa: Yes
  • Association Amenities: Game Room, Gated
  • Community Features: Barbecue, Clubhouse, Elevator, Fitness Center, Game Room, Laundry Facilities, Playground, Park, Pool, Short Term Rental Allowed, Tennis Courts, Waterfront, Gated
  • Construction Materials: Stucco
  • Patio And Porch Features: Balcony
  • Security Features: Gated With Guard, Gated Community
  • Spa Features: Hot Tub
Interior Features
  • Entry Level: 5
  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total: 2
  • Bedrooms Total: 1
  • Cooling: Yes
  • Cooling: Central Air, Ceiling Fans, Electric
  • Heating: Yes
  • Heating: Central, Electric
  • Furnished: Furnished
  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator
  • Interior Features: Breakfast Bar
Room Information
Room 1
  • Room Area: 90.0
  • Room Dimensions: 15 x 6
  • Room Length: 15.0
  • Room Level: First
  • Room Width: 6.0
Room 2
  • Room Area: 210.0
  • Room Dimensions: 14 x 15
  • Room Length: 14.0
  • Room Level: First
  • Room Type: Primary Bedroom
  • Room Width: 15.0
Room 3
  • Room Area: 270.0
  • Room Dimensions: 18 x 15
  • Room Length: 18.0
  • Room Level: First
  • Room Type: Living Room
  • Room Width: 15.0
Rental
Rental Information
  • Occupant Type: Tenant

Property History for 8743 Thomas Drive, Unit 508

DateEvent & SourcePriceAppreciation
May 17, 2025

In Contract

CPAR #757735

—
May 8, 2025

Price Change

CPAR #757735

$305,000—
Nov 30, 2024

Expired

CPAR #757735

$314,500—
Aug 1, 2024

Price Change

CPAR #757735

$319,995—
Aug 1, 2024

Price Change

CPAR #757735

$319,900—
Jul 12, 2024

Price Change

CPAR #757735

$338,900—
May 27, 2024

Listed (Active)

CPAR #757735

$355,000—
Jun 14, 2001

Sold (Public Record)

Public Record #74140950

$129,000—
DateEvent & SourcePrice
05/17/2025

In Contract

CPAR #757735

—
05/08/2025

Price Change

CPAR #757735

$305,000
11/30/2024

Expired

CPAR #757735

$314,500
08/01/2024

Price Change

CPAR #757735

$319,995
08/01/2024

Price Change

CPAR #757735

$319,900
07/12/2024

Price Change

CPAR #757735

$338,900
05/27/2024

Listed (Active)

CPAR #757735

$355,000
06/14/2001

Sold (Public Record)

Public Record #74140950

$129,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8743 Thomas Drive, Unit 508

Taxable ValueLand-Additions$307,700Total-
Tax Record2024$3,429 ($286 / month)
Home Facts
Beds1Total Finished SqFt740 SqFtAbove Grade Finished SqFt740 SqFtStories1StyleCondominiumYear Built1984CountyBAYAPN30236-122-000

Schools near 8743 Thomas Drive, Unit 508

This home is within Bay.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 3
Public - PK to 5
Rating
School
Distance
Breakfast Point Academy
PublicPK to 8

J.R. Arnold High School
Public9 to 12

A. Gary Walsingham Academy
PublicPK to 3

St. Andrew School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Top Producers Real Estate Ctr

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2025 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.