Portfolio / Summit 209
The Summit

Summit 209

The rare 2nd floor, no elevator wait, and the portfolio's top earner.

$349,000
List price
1 BR / 2 Bath
Type
740
Sq ft
2nd
Floor
5
Sleeps
1984
Built
20.1%
Gross yield
$70,121
Revenue

$70,121 in revenue June '25 to May '26: a 20.1% ROI on the asking price! One of the strongest-earning 1-bedrooms at The Summit, this fully renovated, direct-beachfront 1BR/2BA pairs chart-topping income with a feature that is almost impossible to find on the sand: a low, 2nd-floor location. There are no elevator waits - guests simply take the stairs and they are on the beach in seconds. The Gulf and the resort pools sit at near-eye level from the private beachfront balcony, and it is the single most praised detail across years of five-star reviews.

It is also exactly why 209 out-earns Summit units on the floors above it. Beautifully updated throughout, the condo features wood-look plank flooring, a granite kitchen with glass-tile backsplash, stainless appliances and a dishwasher, refreshed bathrooms, and a smart Nest thermostat. A king bedroom, a queen sleeper sofa, a built-in twin-over-twin bunk nook the kids love, and two comfortable recliners let it sleep five. An in-unit washer and dryer plus new sliding glass doors complete a true turnkey package.

The timing could not be better: the new Tootsie's just opened next door in the legendary former Spinnaker Beach Club and it is already packed, pulling fresh nightlife and foot traffic straight to the resort. The Summit offers two Gulf-front pools (one seasonally heated) and two children's pools, two outdoor and one indoor hot tub, his-and-hers saunas, a fitness center, tennis and pickleball, shuffleboard, a poolside tiki bar, the on-site Bar & Grill, and gated 24-hour security with direct private beach access. With established Airbnb and VRBO listings and a loyal base of repeat guests, this condo has a proven track record of success, and nearly 40% of its revenue already comes from direct and repeat bookings, well above the Panama City Beach market average. As an added bonus, the seller's revenue consultant will personally assist the buyer in expanding the property's direct-booking strategy through modern AI, automation, and data-driven revenue management techniques.

The income is the headline, and the rare 2nd floor is the edge no higher unit can match. Full rent roll available to qualified buyers.

Revenue performance

$70,121 Revenue (Jun 2025 to May 2026)
Three-year average $63,128
$60,018
2022
$62,485
2023
$66,880
2024
$60,870
2025
$70,121
Current

Guest reviews

Years of five-star reviews across established Airbnb and VRBO profiles, with a loyal base of repeat guests.

Operating KPIs

73.7%
Occupancy
$220
ADR, booked nights
$192
RevPAN
39.1%
Direct and repeat

Booking mix

Share of revenue by channel. Direct includes owner and repeat-guest bookings, where no platform fees apply.

Airbnb 20% VRBO 41% Direct and repeat 39%

Amenities

In the unit

  • Direct-beachfront, fully renovated 1BR/2BA on the rare 2nd floor (no elevator wait; #1 guest-favorite detail)
  • Near-eye-level Gulf + resort-pool views from the private beachfront balcony; new sliding glass doors
  • King bedroom + queen sleeper sofa + built-in twin-over-twin bunk nook (closable door) + two recliners; sleeps 5
  • Wood-look plank flooring throughout; granite kitchen with glass-tile backsplash, stainless appliances and a dishwasher
  • Full-size side-by-side refrigerator; in-unit stacked washer/dryer
  • Refreshed bathrooms; smart Nest thermostat
  • Two flat-screen TVs (living + bedroom)
  • Fully furnished and turnkey; established Airbnb + VRBO listings with years of 5-star reviews

At the resort

  • Two Gulf-front pools (one seasonally heated)
  • Two children's pools
  • Two outdoor hot tubs (heated year-round) plus one indoor hot tub/spa
  • His-and-hers indoor saunas with showers
  • Fitness center
  • Tennis and pickleball courts (complimentary with the unit)
  • Shuffleboard
  • Poolside tiki bar and the on-site Bikini Bob's Bar & Grill
  • Game room; on-site ice cream
  • Two Tesla/EV destination chargers ($0.25/kWh)
  • Landscaped beachfront lawn/green areas; complimentary beach-chair service
  • Gated, 24-hour security with direct private beach access
  • Open (non-deeded) parking
  • The new Tootsie's (in the former Spinnaker Beach Club) is open right next door

Public property record

Address
8743 Thomas Dr, Unit 209, Panama City Beach, FL 32408
Parcel ID
30236-027-000
Legal description
THE SUMMIT UNIT 209 1BR 1.5B 740 H&C ORB 989 P 1046 PLAN A ORB 4523 P 951
Resort
The Summit
Floor
2nd
Year built
1984
Square feet
740
HOA dues
$2,245 per quarter
Special assessments
None outstanding; HOA dues current
Conveyance
Sold fully furnished and turnkey, all FF&E included. HOA dues current, no outstanding special assessments. Self-managed, no management contract to assume
$349,00020.1% gross yield
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