15 days on rocket

8743 Thomas Dr Unit 1224, Panama City Beach, FL, 32408

$349,000

Home List Price

$4,144*

Closing Credit

1 Bedroom
1 Full Bath, 1 Partial
740 SqFt
$472/SqFt
Condo
Schools Nearby

Location

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8743 Thomas Dr Unit 1224, Panama City Beach$349,000

Buyer Closing Credits

$4,144*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAdditional Parking, Gated, Paved, Parking Lot
Year Built1984
HeatingCentral, Electric
CoolingCentral Air, Electric
WaterfrontGulf, Sandy Shoreline
ViewGulf
MLS #754991
StatusActive

About 8743 Thomas Dr Unit 1224

1 Bedroom/1.5 Bath. The Summit is a highly desirable beachfront condominium property with a long history of exceptional rental income. This 12th floor unit offers stunning views of the Gulf of Mexico. 1-bedroom with a king size bed, plus hallway bunk beds and a queen sofa sleeper. The kitchen has updated cabinetry and appliances, including a washer and dryer. This well-maintained condo comes fully furnished and rental ready. Unit has new sliding glass door and windows. The resort offers an abundance of amenities, including 2 large pools, 2 kiddie pools, 2 outdoor hot tubs, 1 indoor hot tub, dry saunas, fitness center, shuffleboard courts, tennis/pickleball courts, Bar-b-que grills & picnic areas, poolside tiki bar and Bikini Bob's restaurant. This beachfront condominium is across the street from numerous amusement rides and restaurants and close to shopping and sports complexes. All information is approximate and should be verified by buyers if important.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1984
  • Living Area: 740 SqFt

Listing Office:

  • Office Name: Top Producers Real Estate Ctr

Interior Features

Interior Information:

  • Appliances: Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Freezer, Ice Maker, Microwave, Refrigerator, Washer
  • Flooring Type: Tile

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Waterfront: Gulf, Sandy Shoreline
  • View: Gulf
  • Exterior: Balcony, Sprinkler/Irrigation

Parking Information:

  • Parking: Additional Parking, Gated, Paved, Parking Lot

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • J.R. Arnold High School, Public District Grades 9-12
  • Breakfast Point Academy, Public District Grades PK-8

Other

Directions Information:

  • Directions: 8743 Thomas Drive. Heading west on Thomas Drive the 15 story complex will be on your left hand side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $349,000
  • Price Per SqFt: $472/SqFt

HOA Fees:

  • Amount: $2173
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $1,980
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Panama City Beach, FL.

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Panama City Beach, FL

City

Med. Sold Price

$479.9K

Med. Price/SqFt

$352

Avg. Days On Market

95

# of Sold Homes

114

8743 Thomas Dr Unit 1224 vs Panama City Beach

15 DAYS ON ROCKET

-80 Days

$349,000

-$130.9K Less

$472/SqFt

+$119 More

KEY TAKEAWAY

This property is $130.9K less than the Median Sold Price and $119/SqFt more than other homes in Panama City Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #754991

Listing Office:

  • Office Name: Top Producers Real Estate Ctr

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 3:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 01, 2010Home Sold
$120,000
Sep 28, 2004Home Sold
$287,500
Dec 04, 2003Home Sold
$160,000
Apr 24, 2002Home Sold
$125,500

Tax History

YEARPROP. TAXASSESSMENT
2020$1,980$164,900
2018$1,709$133,450
2017$1,500$129,625

History based on county public records data.

Payment Calculator

$2,533

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,113

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-3185347
6
/10

  • Breakfast Point Academy

  • 601 North Richard Jackson Blvd

  • 1.90 miles

  • Public District Grades PK-8

High School

school-card-donut-3185348
5
/10

  • J.R. Arnold High School

  • 550 N Alf Coleman Rd

  • 2.73 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,561. The majority of Panama City Beach, FL residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8743 Thomas Dr Unit 1224

What is the listing price of this property?

The listing price of 8743 Thomas Dr Unit 1224 property is $349,000.

What type of property is this?

The property 8743 Thomas Dr Unit 1224 is a condo located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 8743 Thomas Dr Unit 1224 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 8743 Thomas Dr Unit 1224 are:
Breakfast Point Academy: GreatSchools Rating 6/10
J.R. Arnold High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,980 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 1, 2010 for $120,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8743 Thomas Dr Unit 1224 has 1 bedroom and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 8743 Thomas Dr Unit 1224 is 740 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8743 Thomas Dr Unit 1224 is 1984.

Rocket Homes›Florida›Bay County›Panama City Beach›32408›8743 Thomas Dr Unit 1224

This home is located at 8743 Thomas Dr Unit 1224 in Panama City Beach, FL and zip code 32408. This 740 square foot home was built in 1984. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since April 14, 2024 and is currently priced at $349,000.

While more than 7 listings in Panama City Beach, FL in March 2024 were sold above asking price, there were more than 22 listings sold at asking price, and more than 85 were sold below. The inventory of homes for sale in Panama City Beach, FL between February 2024 and March 2024 increased by 9.3%. The median list price of listings available in March 2024 was $479,991, while the average time on the real estate market was 95 days.

From Rocket Homes Real Estate and based on county public records data.

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