Sold

Closed

8727 Thomas Drive B14

Panama City Beach FL, 32408

$523,000


$345.90 per sqft

Sold

Closed

3 Beds

3 Baths

1,512 sqft

Condos

Built in 1974

If an 8% Return on Investment (ROI) sounds too good to be true, I challenge you to give me just a few seconds to change your mind...A seasoned investor knows to base their decisions on facts and solid data (not projections), and this incredible property has already grossed $52k since last June, and with current bookings/open opportunities, it is well on pace to exceed $70k in the previous 12 months. What makes this all the more impressive is the fact that this is the unit's first full year on the rental market, and it is only getting started!So why is this one different from all the others in PCB?Success in business is all about Competitive Advantage, and Sugar Beach offers something that differentiates itself from everyone else in PCB... It is one of the only pet friendly Gulf front rental destinations in the entire area. Years of market data shows that pet friendly options bring a higher nightly rate, have a better vacancy rate, and are more likely to attract ''snowbirds'' during the off season, so you have true competitive advantage with this one. In addition to being pet friendly, Sugar Beach is a private/family friendly gated community with no elevators. The list of Gulf Front complexes where you can park directly at your door are few and far between, but Sugar Beach offers exactly that!It also offers a private gated beach access, a pool, tennis/pickleball courts, shuffleboard, a grilling area, a huge koi/turtle pond right out your back door, countless nearby restaurants/activities, over 375 feet of incredible beach access, and the list goes on!If the uniqueness of the property isn't enough to win your heart, just wait till you take a look inside what is destined to become your Gulf View condo...This amazing rental machine boasts a beautiful kitchen with stainless steel appliances, and it overlooks the breakfast bar, the living room, and the beautiful greenspace located right outside of your 2 back patios.The downstairs living area is well equipped with durable tile flooring, while the upstairs living areas and bedrooms are tastefully decorated with coastal style LVP flooring. The 3 well positioned bathrooms have updated toilets, vanities, and decor, and the entire condo is thoughtfully decorated with stylish furniture and decor.This incredible condo has everything you need to comfortably sleep 8, but when it's time to explore the sugar white sands of PCB, simply head out your back door to the private beach access - just a few feet away!After watching some of the world's most awe-inspiring sunsets on the beach or from your back patio, head out front to experience the legendary action of Thomas Drive. If you don't want to drive to dinner, rest assured knowing that your vehicle is safely parked right outside your front door - and you don't need any vehicles to enjoy the best that PCB has to offer because of this condo's incredible location!When it comes to successful vacation rentals, it's all about location, location, location - and this condo is in the heart of everything you might want for creating unforgettable memories.

740489

MLS ID

April 22, 2023

Listed

November 22, 2024

Updated

Map

8727 Thomas Drive B14
Panama City Beach FL, 32408

Interior Features

Bedrooms

3


Total Bathrooms

3


Full Bathrooms

3


Interior Features

Breakfast Bar, Smart Thermostat


Appliances

Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Microwave, Refrigerator


Laundry Description

Washer Hookup, Dryer Hookup


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ceiling Fan(s)


Heating

Yes


Heating Description

Central

Exterior/Building Features

Exterior Features

Built-in Barbecue, Balcony, Outdoor Shower, Pool


Lot Features

Landscaped, Waterfront


Architectual Style

Low Rise

School Information

High School

Arnold


Elementary School

Breakfast Point

Other Property Details

Area Name

03 - Bay County - Beach


Taxes

$3,075


Tax Frequency

Annually


Days on Market

31


Association Fee

$2,179


Association Fee Frequency

Quarterly


Association Amenities

Beach Rights, Gated, Picnic Area


Garage

No


Parking

Electric Gate, Gated, Open, Paved, Parking Lot


View

Yes


View Description

Gulf, Pond


County

Bay


Pool

Yes


Pool Features

Fenced, In Ground, Private, Community, Pool


Waterfront

Yes

Listing History

Date

Event

Price

7/6/2023

Price change

$523,000

-4%

7/6/2023

Sold

$523,000

5/19/2023

Under contract

5/2/2023

Price change

$540,000

-2%

 

Courtesy of Beachy Beach Real Estate, Garrett S Aune,
Listing Contact: (850) 588-8908 

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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