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$255,000
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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.
Full Property Details
Full Property Details for 8817 S Thomas Dr #A503
General
- Sold For: $255,000
- Taxes: $2,860 (2024)
- Status: Closed
- Type: Condo
- Source: Bay_County
- MLS ID: 776776
- Added to Site: 108 day(s) ago
Interior
- Number of Rooms: 1
- Interior Features: Smart Thermostat
- Appliances: Electric Oven, Electric Range
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Additional Information
- Shared Amenities: Beach Rights, Game Room, Gazebo, Barbecue
- Pool: Yes
- Pool Description: Fenced, In Ground, Community
Parking
- Parking Features: Parking Lot
Location
- County: Bay
- Subdivision: Top Of The Gulf Condo.
- Driving Directions: Top of the Gulf Condo A-503
School Information
- Elementary School: Breakfast Point
- Middle School: Breakfast Point
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Utility Description: Cable Connected
Structural Information
- Architectural Style: High Rise
- Roof: Flat
- Elevator: Yes
- Sq. Ft. Source: Appraiser
- Year Built: 1976
Lot Features
- Property View: Gulf
- Lot Dimensions: 0 x 0
- Frontage: City Street
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Shoreline - Sand
- Water Front View: Shoreline - Sand
Financial Considerations
- Tax Amount: $2,860
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: TOP OF THE GULF CONDO UNIT # A-503 EFF 1B 489 H&C ORB 504 P 566 . ORB 4500 P 637
- Property ID: 34994-203-000
Listed by Alikhver Realty
Sold by Dalton Wade Inc
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Schools
Schools serving 8817 S Thomas Dr #A503
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Breakfast Point Academy 601 N Richard Jackson Boulevard, Panama City Beach, FL 32407 | K-8 | 1.8 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8817 S Thomas Dr #A503
Date
Details
Price
Change
Source
10/31/2025
Sold
$255,000
-8.9%
MLS
8/11/2025
Price Increased
$279,900
3.71%
MLS
7/25/2025
Listed
$269,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8817 S Thomas Drive #A503, Panama City Beach, FL 32408 (MLS# 776776) is a Condo property that was sold at $255,000 on October 31, 2025. Want to learn more about 8817 S Thomas Drive #A503? Do you have questions about finding other Condo real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

