$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.
Sold for $255,000 on 10/31/25
Zestimate®
$255,000
8817 S Thomas Dr #A503, Panama City, FL 32408
--beds
489sqft
Condominium
Built in 1976
-- sqft lot
$255,000 Zestimate®
$521/sqft
$1,355 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 02, 2025 at 10:25am
Listed by:
Gleb Alikhver 404-933-7966,
Alikhver Realty
Bought with:
Amanda Rudy, 3392776
Dalton Wade Inc
Pamela F Zurbrick, SL3508847
Dalton Wade Inc
Source: CPAR,MLS#: 776776
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Refrigerator
Features
- Fireplace, Smart Thermostat
- Flooring: Laminate
- Has fireplace: Yes
Interior area
- Total structure area: 489
- Total interior livable area: 489 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Pool features: Fenced, In Ground, Community
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: Gulf, Shoreline - Sand, Waterfront
Lot
- Features: Waterfront
Details
- Parcel number: 34994203000
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Condo
- Architectural style: High Rise
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Concrete, Stucco
- Roof: Flat
Condition
- New construction: No
- Year built: 1976
Utilities & green energy
- Utilities for property: Cable Connected
Community & neighborhood
Community
- Community features: Barbecue, Elevator, Fitness Center, Game Room, Pool, Waterfront, Short Term Rental Allowed
Location
- Region: Panama City
- Subdivision: Top Of The Gulf Condo.
HOA & financial
HOA
- Has HOA: Yes
- Amenities included: Beach Rights, Beach Access, Game Room, Gazebo, Barbecue
- Services included: Association Management, Fitness Facility, Internet, Maintenance Grounds, Maintenance Structure, Pool(s), Water
Sell with ease on Zillow
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$255,000
2% more+$5,100
With Zillow Showcase(estimated)$260,100