tomo logo

$449,000

Beds
2
Baths
2.0
sq ft
985

8743 Thomas Dr Unit 301, Panama City, FL 32408

8743 Thomas Dr Unit 301

Panama City Beach, FL 32408

  • 199 days on market
    • Price drop $20,999↓
Experience luxury living in this stunning 2-bedroom, 2-bathroom lower floor corner condo at The Summit! Situated on the third floor, this unit boasts a spacious balcony with breathtaking views of the Gulf of Mexico's sugar sand beaches. The open main living area and well-appointed galley kitchen with a breakfast bar create an inviting space for both entertaining and meal preparation. Indulge in the comfort of the generously sized master suite, featuring an elegant bathroom and ample closet space. Guests will appreciate the accommodating second bedroom with convenient access to a hall bathroom. Recently renovated, this unit showcases fresh paint, a new water heater, upgraded HVAC system, and brand-new appliances, including a refrigerator and stove. The Summit offers premium amenities such as multiple pools, a serene sauna, a lively tiki bar, tennis and basketball courts, a game room, and a state-of-the-art fitness center. Unwind at Bikini Bob's bar and grill, or explore the nearby array of restaurants and shops within a short stroll. Not only does this unit promise a luxurious lifestyle, but it also presents a lucrative investment opportunity with proven rental income. Discover the convenience of residing on the quieter side of Panama City Beach while remaining close to local attractions. Don't miss out--schedule your showing today!

Details

Property type

Condominium

Est. home value

$469,497

Lot size

Unknown

Price per sq ft

$456

Year built

1984

Annual property taxes

$4,072

Monthly HOA fee

$678

Price History

05/13/2024
CentralPanhandle

CentralPanhandle #753819

Price change
$449,000
-4.47%
04/12/2024
CentralPanhandle

CentralPanhandle #753819

Price change
$469,999
-2.08%
03/06/2024
CentralPanhandle

CentralPanhandle #753819

Listed
$479,999

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

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

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

Regions Bank

Loan start date

November 2021

Original loan amount

$175,000

Est. remaining balance

Not provided

Interest rate

2.15%

Loan type

Future Advance Clause / Open End Mortgage, 15 year

Seller

Regonald T West and Dawn M West

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: 09/21/2024 at 7:20 PM

Listing updated: 09/09/2024 at 8:59 PM

Listed by: Heather L Thompson, Beach Properties Real Estate Phone #: (850) 227-2500

MLS: CentralPanhandle #753819

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