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$315,000

Beds
1
Baths
1.5
sq ft
740

8743 Thomas Dr Unit 1215, Panama City, FL 32408

8743 Thomas Dr Unit 1215

Panama City Beach, FL 32408

  • <1 day on market
Welcome to your dream beach escape--a breathtaking Gulf-front condo at The Summit, brimming with exquisite upgrades and modern comforts! This inviting 1-bedroom, 1.5-bath unit, complete with a cozy bunk area, has been meticulously renovated in early 2019. Step inside to discover stunning soft-close cabinets, sleek Samsung stainless steel appliances that blend style and functionality, and elegant granite countertops that enhance the kitchen's appeal. The spacious living area features durable 18x18 tile flooring that flows seamlessly throughout the unit, providing a cool and contemporary vibe. Unwind on your private balcony, where you can soak in the panoramic views of the turquoise waters and watch the sun dip below the horizon, painting the sky with vibrant hues. The Summit is a true oasis, offering an impressive array of amenities to elevate your experience. Enjoy peace of mind with a gated security entrance, and indulge in sun-soaked days by the two sparkling pools or relax in the rejuvenating hot tub. The tiki bar and grill invites you to savor delicious bites and refreshing drinks, while the onsite market ensures convenience at your fingertips. Stay active in the fully-equipped fitness center that caters to all your wellness needs. Don't miss out on this incredible opportunity to claim your piece of paradise--be sure to verify all the details that make this condo the perfect getaway!

Details

Property type

Condominium

Est. home value

$355,897

Lot size

Unknown

Price per sq ft

$426

Year built

1984

Annual property taxes

$3,948

Monthly HOA fee

$747.67

Price History

01/30/2025
CentralPanhandle

CentralPanhandle #769754

Listed
$315,000
-1.56%
02/10/2022
CentralPanhandle

CentralPanhandle #718187

Sold
$320,000
+39.13%
03/31/2021
CentralPanhandle

CentralPanhandle #707819

Sold
$230,000

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$125,824
Asking price
$315,000
Closing costs (~8% of asking)
-$25,200
Est. remaining loan balance
-$163,976
Cash to seller
$125,824

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Fbt Mortgage Llc

Loan start date

March 2021

Original loan amount

$180,000

Est. remaining balance

$163,976

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Tracy B Culpepper and Theresa D Culpepper

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/04/2025 at 11:15 PM

Listing updated: 03/04/2025 at 4:20 PM

Listed by: Tanya C Childs, Beachy Beach Real Estate Phone #: (850) 233-4351

MLS: CentralPanhandle #769754

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