tomo logo

$659,000

Beds
3
Baths
3.0
sq ft
1,531

8743 Thomas Dr Unit 1509, Panama City, FL 32408

8743 Thomas Dr Unit 1509

Panama City Beach, FL 32408

  • 243 days on market
    • Price drop $40,000↓
Experience vacation living at its finest with this stunning 3-bedroom, 3-bathroom Gulf-front Penthouse condo at The Summit Beach Resort. Recently renovated to perfection, this condo boasts a fresh, modern look throughout.Step inside to discover brand-new flooring that sets the stage for elegance and comfort. The kitchen has been completely upgraded with sleek cabinets and luxurious quartz countertops, making meal prep a delight. Each bathroom has been transformed with contemporary fixtures and finishes, adding a touch of sophistication to your daily routine.The highlight of this condo is undoubtedly its expansive balcony overlooking the pristine beach. Relax with a morning coffee or savor breathtaking sunsets with friends and family in this picturesque setting.The master bedroom, positioned Gulf-front, offers unparalleled views and features a sumptuous king-size bed for ultimate relaxation. With accommodations for up to 12 guests, this condo is ideal for large families or group getaways.Perfect for investors or those seeking a vacation retreat, this property is a fantastic rental opportunity. Sold fully furnished and equipped, including new living room furniture not yet shown in the pictures, it's ready for immediate enjoyment. This unit is pretty much booked solid from now until October! Buy now and enjoy the rental income.But the luxury doesn't end there. The Summit Beach Resort offers a wealth of amenities, including two large swimming pools, a Tiki Bar, a market, and the renowned Bikini Bob's Restaurant. Enjoy leisurely days with hot tubs, picnic areas with grills, tennis courts, a basketball court, and three shuffleboard courts. Stay active with the on-site fitness center, or let the kids indulge in Resort Collection's Adventure Zone activities during the summer, including Dive-In Movies on the pool deck at dusk.Indulge in the ultimate beachfront lifestyle at The Summit Beach Resort - where luxury meets relaxation in paradise.

Details

Property type

Condominium

Est. home value

$580,001

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$431

Year built

1984

Annual property taxes

$5,792

Monthly HOA fee

$736

Price History

05/06/2024
CentralPanhandle

CentralPanhandle #754571

Price change
$659,000
-5.72%
03/20/2024
CentralPanhandle

CentralPanhandle #754571

Listed
$699,000
+62.56%
04/02/2021
CentralPanhandle

CentralPanhandle #706697

Sold
$430,000
+26.47%

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Gated, Clubhouse, Fitness Center, Park, Tennis Court(s)

Seller’s Loan History

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

Lender

Community Bank Of Mississippi

Loan start date

March 2021

Original loan amount

$344,000

Est. remaining balance

Not provided

Interest rate

2.73%

Loan type

Commercial, 20 year

Seller

Lcg3 Properties Llc

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?

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Status: Active

Tomo last checked: 11/19/2024 at 8:25 AM

Listing updated: 10/23/2024 at 4:39 PM

Listed by: Amanda Cialoni, Seashore Realty LLC Phone #: (850) 235-4444

MLS: CentralPanhandle #754571

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