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