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8817 S Thomas Drive , A503

Panama City Beach, FL 32408
  • $255,000
  • STATUS: Closed
  • ON SITE: 265 Days
  • MLS #: 776776
Sold - 10/31/2025
$255,000
SOLD - 10/31/2025
  • 0
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 489
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1976
County:
Bay

School Information

Elementary School:
Middle School:
High School:

Description

$54,400 in revenue June '24 - July '25: 20.16% ROI on the asking price! One of the best studio earners on the market: a money-making machine with minimal maintenance! Priced to sell! Brand new water heater - August 2025. A standout investment opportunity at Top of the Gulf, this fully renovated Direct Beachfront Studio has rented incredibly well, all while requiring virtually no ongoing maintenance. Upgraded recently with new flooring, full-sized kitchen appliances in a fully-equipped kitchenette, two queen-sized memory-foam beds, a gorgeous custom-made shiplap wall plank backdrop, and a designer electric fireplace, this turnkey unit comfortably accommodates 4 guests in one of Panama City Beach's most desirable beachfront addresses. With minimal HOA fees, professional management in place, prepaid beach chairs, and long-term demand proven by consistent five-star ratings on Airbnb and VRBO, this property offers an exceptional blend of hassle-free ownership and premium rental returns. The resort features an exclusive and private beach entrance, a phenomenal pool, a game room, a gym, a gazebo, sunset decks, and much more - all while being situated in one of the most desirable locations in town. The resort is just a few steps away from the new location of the famous Tootsie's bar, which is taking over the formerly internationally renowned Spinnaker club. Moreover, St. Andrews State Park and Shell Island are just 4 miles away from the resort.

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© 2026 Central Panhandle Association of Realtors MLS. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Waves and Woods Realty. Data last updated: 2026-04-17T00:04:01.737.
www.wavesandwoodsfl.com/homes/166295930
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8817 S Thomas Drive , A503 Panama City Beach, FL 32408

  • Price: $279,900
  • Status: Closed
  • On Site: 265 Days
  • Updated: 186 min ago
  • MLS #: 776776
0
Beds
1
Baths
0
½ Baths
N/A
Acres
489
SQFT
$0
$/SQFT
1976
Built
Neighborhood:
Top Of The Gulf Condo.
County:
Bay
Area:
Bay County-Beach
Elementary School:
Breakfast Point
Middle School:
Breakfast Point
High School:
Arnold
Property Description
$54,400 in revenue June '24 - July '25: 20.16% ROI on the asking price! One of the best studio earners on the market: a money-making machine with minimal maintenance! Priced to sell! Brand new water heater - August 2025. A standout investment opportunity at Top of the Gulf, this fully renovated Direct Beachfront Studio has rented incredibly well, all while requiring virtually no ongoing maintenance. Upgraded recently with new flooring, full-sized kitchen appliances in a fully-equipped kitchenette, two queen-sized memory-foam beds, a gorgeous custom-made shiplap wall plank backdrop, and a designer electric fireplace, this turnkey unit comfortably accommodates 4 guests in one of Panama City Beach's most desirable beachfront addresses. With minimal HOA fees, professional management in place, prepaid beach chairs, and long-term demand proven by consistent five-star ratings on Airbnb and VRBO, this property offers an exceptional blend of hassle-free ownership and premium rental returns. The resort features an exclusive and private beach entrance, a phenomenal pool, a game room, a gym, a gazebo, sunset decks, and much more - all while being situated in one of the most desirable locations in town. The resort is just a few steps away from the new location of the famous Tootsie's bar, which is taking over the formerly internationally renowned Spinnaker club. Moreover, St. Andrews State Park and Shell Island are just 4 miles away from the resort.
Exterior Features

Architectural Style High Rise Attached Garage YN No Garage YN No Pool Features Fenced In Ground Community Road Frontage Type City Street Roof Flat View Gulf View YN Yes

Interior Features

Appliances Electric Oven Electric Range Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Interior Features Smart Thermostat Parking Features Parking Lot Rooms Studio Units Furnished All Units

Property Features

Association Amenities Beach Rights Game Room Gazebo Barbecue Association YN Yes Community Features Barbecue Elevator Fitness Center Game Room Pool Waterfront Short Term Rental Allowed Listing Service Full Service Lot Size Dimensions 0x0 New Construction YN No Occupant Type Tenant Property Sub Type Condominium Property Sub Type Additional Condominium Special Listing Conditions Listed As- Is Tax Annual Amount 2860 Tax Year 2024 Utilities Cable Connected Waterfront Features Shoreline - Sand Waterfront YN Yes

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of Alikhver Realty: 404-933-7966. Listing information © 2026 Central Panhandle Association of Realtors MLS.


© 2026 Central Panhandle Association of Realtors MLS. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Waves and Woods Realty. Data last updated: 2026-04-17T00:04:01.737.
 
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