The Summit
Condos for Sale in Panama City Beach, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via CPAR MLS
As of September 2026, The Summit in Panama City Beach, FL has 11 homes for sale and 2 pending, asking from $280,000 to $368,900 (median $319,000). Over the 12 months ending 2026-09-20, 13 recorded sales closed at a median of $295,000, a median 183 days on market, sellers accepting 95% of original asking (-1% versus the prior year). Homes listed or recently sold were built 1984–1984; 13 of 13 report an HOA (median $748/mo); 6 of the 12 geocoded homes sit in a FEMA special flood hazard zone (median elevation 11 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $3,620 ($3,140 with the full homestead exemption).
| Location | Panama City Beach, Bay County, FL · ZIP 32407, 32408, 32507 |
|---|---|
| Home types (current listings and sales) | condos 100% |
| Sale prices, last 12 months | $295,000 median across 13 closed sales · -0.7% vs the prior 12 months |
| Days on market (closed sales) | 183 median |
| For sale right now | 12 active, 1 pending · median asking $322,000 |
Data as of September 20, 2026. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Market figures describe homes, not residents. Cite as: Momentum Realty, “The Summit key facts,” movewithmomentum.com/neighborhoods/the-summit--bay, data as of September 20, 2026.
Last 30 days in The Summit: 6 new listings (median asking $337,450), 2 under contract right now. As of September 21, 2026, Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate.
Homes For Sale Right Now in The Summit
Live MLS inventory for The Summit. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending The Summit listings as of 2026-09-21, priced high to low. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Every Home for Sale in The Summit Bay Right Now (12)
All 12 active and pending The Summit Bay listings with a detail page, newest first, refreshed twice a day from the MLS.
- 8743 Thomas Drive 1419, Panama City, Fl 32408 · $368,900 · 1 bd / 2 ba · listed Sep 11, 2026 · listed by Fun Quest Vacation Rentals Corp
- 8743 Thomas Drive 421, Panama City Beach, Fl 32408 · $349,900 · 1 bd / 2 ba · listed Sep 11, 2026 · listed by Anchor Realty Florida
- 8743 Thomas Drive 1408, Panama City, Fl 32408 · $325,000 · 1 bd / 2 ba · listed Sep 11, 2026 · listed by Fun Quest Vacation Rentals Corp
- 8743 Thomas Drive 423, Panama City, Fl 32408 · $359,900 · 1 bd / 2 ba · listed Sep 4, 2026 · listed by Paradise Realty
- 8743 Thomas Drive 418, Panama City, Fl 32408 · $319,000 · 1 bd / 2 ba · listed Sep 1, 2026 · listed by Coldwell Banker Realty
- 8743 Thomas Drive 1202, Panama City Beach, Fl 32408 · $280,000 · 1 bd / 2 ba · listed Jul 27, 2026 · listed by Think Real Estate
- 8743 Thomas Drive 523, Panama City Beach, Fl 32408 · $334,789 · 1 bd / 2 ba · listed Jun 25, 2026 · listed by Beachy Beach Real Estate
- 8743 Thomas Drive 810, Panama City Beach, Fl 32408 · $318,900 · 1 bd / 2 ba · listed Jun 23, 2026 · listed by Alikhver Realty
- 8743 Thomas Drive 606, Panama City Beach, Fl 32408 · $299,000 · 1 bd / 2 ba · listed Jun 23, 2026 · listed by Real Broker LLC
- 8743 Thomas Drive 1028, Panama City Beach, Fl 32408 · $289,900 · 1 bd / 2 ba · listed Jun 23, 2026 · listed by REV Realty
- 8743 Thomas Drive 209, Panama City Beach, Fl 32408 · $329,900 · 1 bd / 2 ba · pending · listed Jun 23, 2026 · listed by Alikhver Realty
- 8743 Thomas Drive 622, Panama City, Fl 32408 · $284,000 · 1 bd / 2 ba · pending · listed Jun 23, 2026 · listed by Keller Williams Realty Emerald
The Summit is a tightly defined pocket in Panama City Beach: 433 homes, all built in 1984 or 1985, with a median living area of just 740 square feet. That uniformity means price here is driven almost entirely by condition and, in a coastal beach market, by rental and location factors rather than by square footage or floor plan variety. The median sits at $285,000, but with units this small and this similar, what separates one closing from the next is renovation state and how the unit shows.
Posture right now favors the patient buyer. Median days on market is 177 — homes are sitting, not moving — and the market heat score of 20 confirms a slow, buyer-leaning environment. Year-over-year pricing is off 4%. Sellers should price to the current reality and expect a long marketing window; buyers have room to negotiate and time to be selective. The homestead share is a fraction of a percent, so this reads as an investor- and second-home-driven market, not an owner-occupied one.
The Summit right now
🟡 Off the recent peak. The trailing-12-month median ($295K) is down 0.7% from the prior 12 months ($297K) and up 181% since 2012. With about 22 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level CPAR MLS closed sales, 12-month windows ending September 20. Confidence: Medium (13 and 11 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 22, 2026 · Live data: CPAR MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
The Summit market snapshot (as of September 20, 2026): the median sale price is about $295K, and a median 183 days on market for closed sales. The trailing-12-month median is down 1% from the prior 12 months and up 181% since 2012, computed from record-level CPAR MLS closed sales (13 closings in the current window).
In ZIP 32407 (Panama City Beach), 1,458 homes closed in the last 12 months at a median of $398K ($183/sq ft), down 1.6% year over year, with a median 80 days on market. Right now 1,101 active and 151 pending listings put supply at about 6.7 months — a buyer's market. See the live ZIP 32407 housing market and the Bay County market.
CPAR sales records identify 26 homes in The Summit that have changed hands since 2013, built between 1983 and 1985 (median 1984), with a median living area of about 740 sq ft and a typical 1-bedroom, 1.5-bath layout; 100% are condominiums. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
The Summit is a uniform 1980s beach-area community of small units where condition, not size, sets the price — and the current market gives buyers the upper hand.
The setting & the homes.
Aerial and on-site photos of The Summit. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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The SummitPhotos from CPAR MLS listings in The Summit; content deemed reliable but not guaranteed.
Who The Summit is best for.
Best for
- Buyers seeking a compact, entry-cost beach-area property who can act patiently in a slow market
- Investors underwriting a rental or second-home thesis who will scrutinize carrying costs and rental rules
- Value hunters willing to renovate an original 1980s unit and buy under the median
Probably not for
- Buyers who need more than roughly 740 square feet of living space
- Anyone counting on a fast sale or near-term appreciation given the 177-day median and soft YoY
- Buyers expecting community amenities, as none are identified in current listings
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($295K) IS the median in the snapshot above, and the move from 2025 ($297K) IS the -0.7% one-year change.
Windows contain 3 to 52 sales each (13 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
15% of homes for sale in The Summit are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-22).
The Summit Market Scorecard
The Summit is currently a balanced market., a median asking price of $322,000, and homes go under contract in about 9 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: CPAR MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in The Summit, Panama City Beach
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
The Summit on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from CPAR MLS. Map data © OpenStreetMap, tiles © CARTO.
The The Summit buying strategy.
If we were buying in The Summit today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in The Summit.
A uniform product in a slow market
Because every home dates to 1984–1985 and the median footprint is only 740 square feet, The Summit behaves more like a single product line than a varied neighborhood. That works in a buyer's favor: comparables are clean, and it is relatively easy to judge whether a unit is priced for its condition or coasting on the median. Expect a wide spread around that $285,000 figure driven by whether a unit has been updated or left original — there is no published range to lean on, so underwriting the individual unit matters.
The long arc is worth noting: values here are up 177% since 2012. But the near-term picture is a cooling one — down 4% year over year, a heat score of 20, and a median of 177 days to sell. With homestead occupancy near zero, resale demand leans on the second-home and rental thesis, which makes carrying costs, HOA rules, and rental viability the questions that actually decide whether a purchase pencils.
The location and the amenities are priced into every listing in The Summit. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in The Summit buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (7.6). Basis: Long-Term Appreciation +181% since 2012; Recent Direction -0.7% year-over-year; Pricing Power 95.2% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a community this uniform and this slow-moving, the edge is in reading condition against the median and pricing to a 177-day reality instead of hope. We help sellers set an honest number for a long window, and we help buyers separate a genuinely updated unit from one riding the median — then negotiate accordingly in a market that is clearly favoring the buyer right now.
The Summit in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $748/month (about $8,976/yr) · median of 130 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $748 per month ($8,976 a year) — the median AssociationFee across 130 MLS records, normalised to a monthly figure; most are billed quarterly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a The Summit buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed The Summit sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in The Summit, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your The Summit home worth?
Get a no-obligation home value based on real comparable sales in The Summit, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in The Summit on the map →
Recently off market in The Summit
Homes in The Summit that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 2 on record.
- 8743 Thomas Drive 1109 · off market
- 8743 Thomas Drive 704 · off market
Frequently Asked Questions
What is the median home price in The Summit?
How long do homes in The Summit take to sell?
Have The Summit home prices gone up?
Who is the best real estate agent for The Summit?
How do I find a top Panama City Beach real estate agent who knows The Summit?
Can Momentum Realty connect me with an agent for The Summit?
Where is The Summit, and what county is it in?
Should you buy in The Summit?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: September 21, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (321 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of CPAR MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the CPAR MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
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See how The Summit fits the bigger picture — live prices, inventory, and Momentum Scores:
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