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+18508146999
VIRGA REALTY, INC.
8743 Thomas Drive Unit 810, Panama City Beach, FL 32408
- $314,900
- 1
- BD
- 2
- BA
- List Price
- $314,900
- Status
- ACTIVE
- MLS#
- 797015
- Subtype
- Residential
- Style
- High Rise
- Year Built
- 1984
- Bedrooms
- 1
- Bathrooms
- 2
- Full Baths
- 1
- Half Baths
- 1
- Subdivision
- The Summit
- Neighborhood
- Beach - South of Grand Lagoon
- MLS Area Major
- Bay County - Beach
Property Description
Generating $59,343 in gross rental revenue from July 2025 through July 2026--nearly 20% of the current asking price--this fully furnished, turnkey 8th-floor condo offers an exceptional opportunity to own a proven vacation rental in Panama City Beach. Even more impressive, the unit was off the rental market from November 2025 through April 2026 due to the resort's balcony renovation project. This beautifully updated 1-bedroom, 1.5-bath condo features direct beachfront access and stunning Gulf views from its private balcony. The interior boasts a quartz-countertop kitchen with mosaic tile backsplash and stainless-steel appliances, updated bathrooms with new vanities, luxury plank flooring, a stylish sliding barn door, and tasteful coastal décor. Sleeping accommodations include a king bed with a new memory-foam mattress, a queen sleeper sofa with a new memory-foam mattress, and built-in twin-over-twin bunk beds. Additional features include an electric fireplace, in-unit washer and dryer, and two TVs. The condo comes fully furnished, with established Airbnb and VRBO listings and hundreds of 5-star reviews, providing a strong foundation for continued vacation-rental success. The Summit offers an impressive lineup of amenities, including Gulf-front pools, children's pools, indoor and outdoor hot tubs, saunas, a fitness center, tennis, pickleball, shuffleboard, a tiki bar, an on-site Bar & Grill, gated 24-hour security, and private beach access. Conveniently located near the popular new Tootsie's venue, restaurants, entertainment, and Panama City Beach attractions, this property is ideal as an income-producing investment or personal beach getaway. With documented rental performance, direct Gulf access, and convenient resort amenities, this is an opportunity to own a turnkey beachfront property in one of Panama City Beach's most recognizable resorts.
Additional Information
- Interior Features
- Main Level Primary
- HOA Fee
- $748
- Property Description
- High Rise
- Zoning
- City, Commercial
- Flooring
- Plank, Vinyl
- Appliances
- Washer/Dryer Stacked, Electric Range, Electric Water Heater
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Ceiling Fan(s)
- Exterior Construction
- Stucco
- Foundation
- Pillar/Post/Pier
- Parking
- Paved, Parking Lot
- Elementary School
- Breakfast Point
- Middle School
- Breakfast Point
- High School
- Arnold
Listing courtesy of Local Insight Realty.