Sold

8727 Thomas Drive, UNIT C8

Panama City Beach FL, 32408

$395,000


$363.72 per sqft

Sold

2 Beds

2 Baths

1,086 sqft

Condos

Built in 1974

Interest Rates got you down? Thinking you can't make a solid return on your investment if you buy an investment property at today's interest rates? Good news... I've got you covered!

This is the LOWEST PRICED GULF VIEW 2 BED / 2 BATH CONDO IN PCB without needing an elevator! Investors Dream - Unbelievable ROI Potential!!!

Sugar Beach is truly a hidden gem where time stands still, and lifelong memories are made with family and friends!

The serene gulf and private pond views from the Master Bedroom and Balcony are truly awe inspiring, and the world-renowned action of Thomas Drive can easily be experienced from your 2nd floor front balcony. 2 bed/2 bath condos in Sugar Beach are true rental machines, and this one is sure to be no exception. This unit is turnkey, has been 80% remodeled within the past year, and is ready to put some serious money into your bank account today!

This amazing condo boasts beautiful LVP flooring throughout, and brand new furniture in both the living room and secondary bedroom. The kitchen will take your breath away with its brand-new high-end shaker style cabinetry with soft close doors, stylish white/grey granite counter tops, and a backsplash that ties everything together and completes the perfect picture!

The average 2-bedroom condo in Sugar Beach brings in over $45k annually in rentals, and some of the well established ones bring in over $75k. At the high end... your annual ROI would be well over 30% on a financed purchase - which is unheard of nowadays! And even as you are getting established and building your client base, you would still be enjoying a 1.5% ROI - plus appreciation and equity gains (which is way better than banks, crypto, and the stock market offers right now)!!!

Financed Purchase @ $45k Rentals = 1.5% ROI
Financed Purchase @ $75k Rentals = 33% ROI

Cash Purchase @ $45k Rentals = 7% ROI
Cash Purchase @ $75k Rentals = 14% ROI

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!

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*

912019

MLS ID

January 8, 2023

Listed

October 27, 2024

Updated

Map

8727 Thomas Drive, UNIT C8
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

$2,300


Tax Frequency

Annually


Days on Market

89


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 3:19 AM UTC, 10/27/2024

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