tomo logo

$465,000

Beds
2
Baths
2.0
sq ft
985

8743 Thomas Dr Unit 201, Panama City, FL 32408

8743 Thomas Dr Unit 201

Panama City, FL 32408

  • 24 days on market
    • Price drop $10,000↓
Welcome to Unit 201 at The Summit Beach Resort--a stunning, fully furnished 2-bedroom, 2-bathroom corner unit on the 2nd floor with easy access and no need for elevators. This 985 sq. ft. west-facing condo offers breathtaking Gulf sunsets from the comfort of your own private balcony, making every evening a magical experience. Fully furnished and decorated in coastal style, the unit comfortably sleeps seven guests and has a fantastic track record on the rental program, with a year-to-date gross rental revenue of $53,000.The primary suite features a king bed, a large flat-screen TV, and an upgraded en suite bathroom with beautiful tile work and a modern walk-in shower. The second bedroom offers both a twin and a full-size bed, along with a large flat-screen TV and convenient access to a guest bathroom with a shower/tub combo. The cozy living area provides ample seating, a queen sleeper sofa, and easy access to the balcony, where you can enjoy your morning coffee or watch the sunset. The kitchen is fully equipped with stainless steel appliances and everything you need to prepare meals with ease. The balcony's Polywood patio furniture is perfect for relaxing outdoors and soaking in the views.The Summit Beach Resort offers a wide range of amenities, including two large heated pools, hot tubs, a Tiki bar, and an expansive poolside deck with plenty of seating. Conveniently located next door to the soon to be Tootsies and just minutes from popular restaurants like Hammerhead Fred's and Longboards, as well as family-friendly attractions such as WonderWorks and Shipwreck Island, this condo puts you close to all the fun. Saint Andrew's State Park is also nearby, where you can enjoy hiking, picnicking, and fishing, or take a shuttle to Shell Island. With direct beach access, you'll have endless opportunities for beach volleyball, parasailing, and more.Whether you're looking for a personal getaway or a lucrative investment, Unit 201 at The Summit Beach Resort promises a perfect combination of relaxation and entertainment in a truly unforgettable beachfront setting.

Details

Property type

Condominium

Est. home value

$431,090

Lot size

Unknown

Price per sq ft

$473

Year built

1984

Annual property taxes

$4,623

Monthly HOA fee

$767.67

Price History

11/15/2024
CentralPanhandle

CentralPanhandle #764398

Price change
$465,000
-2.11%
10/24/2024
CentralPanhandle

CentralPanhandle #764398

Listed
$475,000
+9.45%
04/13/2022
CentralPanhandle

CentralPanhandle #723016

Sold
$434,000
+57.88%

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Clubhouse, 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

$129,753
Asking price
$465,000
Closing costs (~8% of asking)
-$37,200
Est. remaining loan balance
-$298,047
Cash to seller
$129,753

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

Seller’s Loan History

Lender

Renasant Bank

Loan start date

April 2022

Original loan amount

$346,766

Est. remaining balance

$298,047

Interest rate

3.14%

Loan type

New Conventional, 15 year

Seller

David Edward Bain Jr and Tashia Bain

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: 11/22/2024 at 7:00 PM

Listing updated: 11/15/2024 at 10:30 AM

Listed by: Tyler S Smith, Beach Haven Realty Phone #: (770) 596-6599

MLS: CentralPanhandle #764398

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