Sold
8727 Thomas Drive, C34
Panama City Beach FL, 32408
$395,000
$363.72 per sqft
Sold
2 Beds
2 Baths
1,086 sqft
Condos
Built in 1974
LOWEST PRICED GULF VIEW 2 BED / 2 BATH CONDO IN PCB!!!
Investors DREAM! Check out the ROI numbers below!
Sugar Beach is a treasured community where time stands still and lifelong memories are made with family and friends!
The serene gulf views from the Master Bedroom, Living Room, Dining Room, and Balcony are truly awe inspiring, and the world-renowned action of Thomas Drive can easily be experienced from your 3rd floor front balcony.
2 bed/2 bath condos in Sugar Beach are true rental machines, and this one is sure to be no exception. Both bathrooms boast beautiful dark accent granite countertops, new vanities ready to be installed (if desired), and the designer tile flooring in all rooms (except bedrooms) are perfect for ensuring the unit is always ready made for beach going renters. The owners love the relaxing coastal decor and laid back "beachy" vibes, but understand that the new owners will have exciting ideas on how they will customize it to match their vision of paradise. The list price was thoughtfully determined to ensure the new owners have ample opportunity to make it the perfect home for themselves - while still ensuring that it is an incredible investment that pays dividends for years to come!
Choose one, or choose all... Here are some estimated potential upgrade costs:
1. LVP Flooring through entire condo: $4,000
2. Stainless Fridge: $700
3. Stainless Stove: $700
4. Stainless Dishwasher: $400
5. 2 Panel Door Replacements for bedrooms and bathrooms: $400
6. Remove Wallpaper and Paint Entire Condo: $1,600
7. Custom tile shower, new toilet, remove drop panel ceiling, install new vanity/lights/fixtures in master bathroom: $5,000
8. New shower door, new toilet, new vanity/fixtures, remove wallpaper and paint: $3,000
9. New Bedroom and Patio Furniture: $5,000
TOTAL FOR A BRAND NEW CUSTOM INTERIOR: $20,800
Brand new hurricane windows were just installed 2 months ago ($4k).
The unit comes fully furnished and is rental ready, but should you choose to redo everything listed above, you are only $409,800 invested, everything is new and exactly as you like it, and you are still $20k lower than the next comparable condo for sale, and your unit is comparable to condo immediately next door that has brought in $81k in rentals this year!.
At these numbers... your annual ROI is well over 30% - which is unheard of nowadays!
Now you can see... this one is a steal at this price!!!
Sugar Beach has everything you could ask for to ensure enormous rental income. It is one of the few remaining pet friendly vacation destinations in PCB - which is a HUGE amenity for renters (giving you a truly competitive advantage). Gated community, no elevators, park directly at your door, private gated beach access, pool, tennis, shuffleboard, grilling area, huge koi/turtle pond right out your back door, countless nearby restaurants/activities, and the list goes on!
Banks offer less than a 1% annual ROI, and stocks and crypto values have been declining. On a financed purchase, enjoy an UNBELIEVABLE 4-36% annual ROI with this amazing investment opportunity! (% is fully dependent on owner's rental approach)
Welcome home to Paradise!!!
*Low quarterly HOA Fees include water, trash, cable, exterior insurance, grounds keeping, 24 hour video surveillance, community amenities (pool, tennis court x 2, shuffleboard, Koi pond, community room/kitchen, ping pong), on site maintenance 8 hours daily, onsite property management Mon-Fri, and private gated beach access.
*Measurements are approximate, buyer to verify if needed*
908854
MLSⓇ ID
September 26, 2022
Listed
October 26, 2024
Updated
Map
8727 Thomas Drive, C34
Panama City Beach FL, 32408
Interior Features
Total Stories
3
Bedrooms
2
Total Bathrooms
2
Full Bathrooms
2
Interior Features
Floor Tile, Furnished - All, Split Bedroom
Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Exterior Features
Balcony, BBQ Pit/Grill, Pool - In-Ground, Tennis Court
Architectual Style
N/A
School Information
High School
Arnold
Elementary School
Breakfast Point
Other Property Details
Area Name
27 - Bay County
Taxes
$2,391
Tax Frequency
Annually
Days on Market
24
Association Fee
$1,383
Association Fee Frequency
Quarterly
Garage
No
View
Yes
View Description
Pond, Gulf
County
Bay
Pool
Yes
Pool Features
Pool Type
Waterfront
Yes
Listing History
Date | Event | Price |
---|---|---|
6/30/2023 | Sold | $395,000 |
Courtesy of Beachy Beach Real Estate, Garrett S Aune,
Listing Contact: 850-588-8908
IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Rachel Warrell shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 3:24 PM UTC, 10/26/2024