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Sold for $255,000 on 10/31/25
  • $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

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    $1,355/mo

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    $1,355/mo

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    $1,590/mo

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    $1,590/mo

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    What's special

    $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.

    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#: 776776MLS LogoOriginating 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