tomo logo

$688,900

Beds
3
Baths
3.0
sq ft
1,531

8743 Thomas Dr Unit 1513, Panama City, FL 32408

8743 Thomas Dr Unit 1513

Panama City Beach, FL 32408

  • <1 day on market
Experience luxury living in this breathtaking 3 bedroom, 3 bath Gulf front condo located on the 15th floor of The Summit, a premier beachfront property loved by vacationers. This unit offers panoramic views of the sparkling Gulf of Mexico and the pristine white sands of the world-renowned beach. The open-concept design features a spacious living area with large windows that fill the space with natural light, highlighting the stunning ocean vistas.The kitchen is well-appointed with stainless steel appliances and elegant quartz countertops, making it perfect for entertaining. Throughout the condo, you'll find durable LVP flooring, combining style with functionality. Each of the three generously sized bedrooms is designed for comfort, with convenient access to well-appointed bathrooms.Step outside to your private balcony to savor morning coffee or evening cocktails while overlooking the tranquil waves. Residents of The Summit enjoy an array of resort-style amenities, including multiple heated pools, a hot tub, a fitness center, a children's play area, and direct beach access. The property also features barbecue grills, a picnic area, and on-site dining options, ensuring a fun and convenient experience.Ideally located just minutes away from dining, shopping, and entertainment, this condo provides a perfect blend of convenience and seclusion. For investors, this unit at The Summit presents an excellent opportunity for short-term rental income, with its prime location and desirable features ensuring strong demand from vacationers year-round. Don't miss out on this incredible opportunity to own a piece of paradisea"contact us today for a private showing!

Details

Property type

Condominium

Est. home value

$664,371

Lot size

Unknown

Price per sq ft

$450

Year built

1984

Annual property taxes

$5,792

Monthly HOA fee

$736

Price History

10/16/2024
CentralPanhandle

CentralPanhandle #763971

Listed
$688,900
-0.73%
03/31/2023
CentralPanhandle

CentralPanhandle #733046

Sold
$694,000
+63.29%
03/22/2021
CentralPanhandle

CentralPanhandle #707753

Sold
$425,000
+26.87%

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

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

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

$205,911
Asking price
$688,900
Closing costs (~8% of asking)
-$55,112
Est. remaining loan balance
-$427,877
Cash to seller
$205,911

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

Seller’s Loan History

Lender

Bankplus

Loan start date

March 2023

Original loan amount

$435,849

Est. remaining balance

$427,877

Interest rate

6.12%

Loan type

New Conventional, 30 year

Seller

Timothy Perlick

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: 10/18/2024 at 2:10 AM

Listing updated: 10/17/2024 at 9:30 PM

Listed by: Natalie H Danburg, Beach House Sales and Development Phone #: (850) 919-3500

MLS: CentralPanhandle #763971

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