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Panama City Beach is a wonderful place to spend your vacation almost anytime of year since the average water temperature is 72 degrees and the average air temperature is around 78 degrees. You know you are in paradise when you see the pristine beaches with sugary sand and the emerald waters of the Gulf. The sea breeze in your face while basking in the sun alleviates stress. Once you're here, you won't want to go home.
The Summit is located on the Gulf of Mexico at 8743 Thomas Drive, Panama City Beach, FL 32408. It was built in 1984, has 440 units, and is 15 stories. Every unit faces the beach and you can choose from 1-3 bedroom floor plans. This large Gulf front resort has any things to do without leaving the property (see amenities below), and it is within walking distance of amusements, restaurants, hair and nail salons, and more!
Purchases at The Summit are either by cash or conventional financing which will require anywhere from a 10-20% down payment. Occasionally owner financing is offered by a seller.
Short-term rentals are allowed. You can rent your unit as a vacation rental and it will offset costs of ownership such as property tax, insurance, HOA fees, and electricity. In other words, let other people pay for your special get away while you enjoy it whenever you wish with little cost.