Portfolio / Summit 810
The Summit

Summit 810

Renovated 8th-floor direct beachfront with unobstructed Gulf views.

$339,000
List price
1 BR / 2 Bath
Type
740
Sq ft
8th
Floor
5
Sleeps
1984
Built
20.3%
Gross yield
$68,849
Revenue

$68,849 in revenue May '25 to April '26: a 20.3% ROI on the asking price! A newly renovated, 8th-floor, direct-beachfront 1BR/2BA at The Summit that is also a proven cash machine. Wake up to unobstructed Gulf views from your private 8th-floor balcony, then cozy up by the electric fireplace after a day on the sand. The full renovation shows everywhere: a new white shaker kitchen with quartz counters, mosaic tile backsplash, and stainless appliances; updated baths with marble-look tile and quartz vanities; a new memory-foam king; and wood-look plank flooring throughout, finished with designer coastal touches like a sliding barn door and blue velvet accent chairs.

It sleeps five with the king, a queen sleeper sofa, and a built-in twin-over-twin bunk nook, and comes complete with an in-unit washer and dryer, two smart TVs, and a fully equipped kitchen, sold fully furnished and truly turnkey. It also sits right next to the booming new Tootsie's in the legendary former Spinnaker Beach Club, a fresh demand driver for the entire resort. The Summit offers two Gulf-front pools (one seasonally heated), 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, years of five-star reviews, and a loyal repeat-guest base, the unit has a proven track record, and about 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. Full rent roll available to qualified buyers.

Revenue performance

$68,849 Revenue (May 2025 to Apr 2026)
Three-year average $72,448
$70,531
2022
$74,950
2023
$71,862
2024
$54,563
2025
$68,849
Current

Guest reviews

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

Operating KPIs

73.2%
Occupancy
$237
ADR, booked nights
$189
RevPAN
40.2%
Direct and repeat

Booking mix

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

Airbnb 53% VRBO 7% Direct and repeat 40%

Amenities

In the unit

  • Newly renovated, direct-beachfront 8th-floor 1BR/2BA with unobstructed Gulf views
  • New white shaker kitchen (quartz counters, mosaic tile backsplash, stainless appliances)
  • Electric fireplace integrated into the TV console; two smart (Roku) TVs (living + bedroom)
  • King bedroom (new memory-foam mattress) + queen sleeper sofa + built-in twin-over-twin bunk nook; sleeps 5
  • Updated baths with marble-look tile and quartz vanities
  • Wood-look plank flooring throughout; designer coastal touches (sliding barn door, blue velvet accent chairs)
  • In-unit stacked washer/dryer; new sliding glass doors; fully equipped kitchen
  • Fully furnished and turnkey; complimentary beach-chair service; Pack-n-Play on request

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 810, Panama City Beach, FL 32408
Parcel ID
30236-220-000
Legal description
THE SUMMIT UNIT 810 1BR 1.5B 740 H&C ORB 989 P 1046 PLAN A ORB 4382 P 247
Resort
The Summit
Floor
8th
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
$339,00020.3% gross yield
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