Unit 518 at The Summit is a prime investment opportunity in one of Panama City Beach's most established Gulf-front resorts. This income-generating condo offers direct beach access and full resort amenities, including two pools, hot tubs, fitness center, tiki bar, on-site market, and 24/7 security--features that drive consistent guest demand year-round. With a proven rental history, and professional management in place this unit is turn-key and ready to continue producing revenue! The Summit's central location on Thomas Drive provides walkable access to restaurants, shops, and family attractions, further enhancing its appeal to vacation renters. Whether you're looking to expand your short-term rental portfolio or secure a high-yield beach asset with strong appreciation potential, Unit 518 delivers both immediate cash flow and long-term upside in the heart of PCB!!! Contact me today!
Property Features
Bedrooms
- Bedrooms: 1
- Primary Bedroom Dimensions: 15' x 11'
- Primary Bedroom Level: First
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 1/2 Bathrooms: 1
Interior Features
Appliances
- WasherDryerStacked
- Dishwasher
- ElectricOven
- ElectricRange
- ElectricWaterHeater
- Disposal
- Microwave
- Refrigerator
- Laundry Features: Stacked
Heating and Cooling
- Cooling Features: CentralAir, CeilingFans, Electric
- Heating Features: Central, Electric
- Heating: Yes
- Ceiling Fans: Yes
Exterior and Lot Features
- Balcony
- Patio And Porch Features: Balcony
- Road Frontage Type: CityStreet
- Road Surface Type: Paved
Pool and Spa
- Pool Features: InGround, Pool, Community
- Spa Features: Community
Waterfront and Water Access
- Gulf
- ShorelineSand
- Waterfront
Land Info
- Lot Description: Waterfront
- Lot Size Dimensions: 0x0
Garage and Parking
- Parking Features: ParkingLot
Home Features
- View: Gulf
- Security Features: BuildingSecurity, GatedCommunity, SmokeDetectors, SecurityService
Homeowners Association
- Association: Yes
- Association Amenities: BeachRights, GameRoom, Gated
- Association Fee: 2243
- Association Fee Frequency: Quarterly
- Association Fee Includes: AssociationManagement, CableTv, Insurance, Internet, LegalAccounting, MaintenanceGrounds, PestControl, Pools, Security, Trash, Water
- Calculated Total Monthly Association Fees: 748
- Senior Community: No
School Information
- Elementary School: Breakfast Point
- High School: Arnold
- Middle School: Breakfast Point
Amenities and Community Features
- Community Features: Barbecue, Elevator, FitnessCenter, GameRoom, LaundryFacilities, Sauna, ShortTermRentalAllowed, Gated, Pool
Other Property Info
- Annual Tax Amount: 3948
- Source Listing Status: Active
- County: Bay
- Directions: From panama city take 98 over hathaway brdg, left onto thomas dr, thomas drive bends to the rght, summit building on left
- Tax Year: 2024
- Source Property Type: Residential
- Area: 03 - Bay County - Beach
- Property Subtype: condo
- MLS Area Minor: 0323 - Beach - South of Grand Lagoon
- Source Neighborhood: Summit
- Parcel Number: 30236-132-000
- Postal City: Panama City
- Property Location: Near Beach Access,Waterfront,Within 1/2 Mile to Water
- Subdivision: Summit
- Zoning Description: Resid Single Family
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 740
- Year Built: 1984
- Entry Level: 5
- Living Area Source: Appraiser
- Property Age: 41
- Architectural Style: HighRise
