Sold

Closed

8727 Thomas Drive C21

Panama City Beach FL, 32408

$550,000


$506.45 per sqft

Sold

Closed

2 Beds

2 Baths

1,086 sqft

Condos

Built in 1974

LOWEST ''Gulf Front'' HOA's in all of PCB!!!The savviest of Investors know how important it is to look at the total cost of ownership when looking for rental properties, and they understand how crucial HOA dues are when it comes to generating a profitable Return on Investment (ROI). This BEAUTIFULLY REMODELED unit offers everything an investor could ever need to maximize their ROI, including the lowest priced annual HOA expenses (by over $2,300) when compared to every other 2 bed / 2 bath Gulf Front unit currently available in PCB!!!If you are money minded, I'm betting I have your attention now...Maximizing rental income starts with one basic concept - maximizing ''Heads in Beds.'' And when it comes to ensuring incredible occupancy rates, this unit offers all the key amenities renters look for when booking their vacation: View, Location, Complex Amenities, and Price. VIEW: This condo is so close to the beach, you can almost feel the mist from the breaking waves while sitting on your private patio. Without using a measuring tape, I would venture to say that this unit is probably the closest to the water of all condo's currently for sale in PCB. Renters want a view, and words simply can't describe the beauty of the sights they are blessed with from the living room, dining room, and master bedroom. The views are truly unforgettable...LOCATION: After watching some of the world's most awe-inspiring sunsets from your back patio, simply 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!Located on the coveted East end of the beach (considerably less traffic), there are go cart tracks, video arcades, mini golf courses, thrill rides, ice cream shops, a winery, souvenir shops, etc. - directly in front of the property.For the adults, there are numerous bars/restaurants right outside your door - including the Famous Ms. Newby's! No need to drive after those adult beverages, your condo is perfectly located just a few seconds away!!!AMMENITIES: 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, huge clubhouse with games, tennis/pickleball courts, shuffleboard, a grilling area, a huge koi/turtle pond, over 375 feet of incredible beach access, and expansive greenspace unique from every other Gulf Front property in PCB!PRICE: Last but not CERTAILY not least, renters pick their vacation condo based on price. With a low selling price, low utility costs, and the lowest HOA's of all the competition, you have less overhead which ensures that you can charge less per night (as compared to the competition), bringing in strong rentals and generating an incredible profit!

740747

MLS ID

April 28, 2023

Listed

November 22, 2024

Updated

Map

8727 Thomas Drive C21
Panama City Beach FL, 32408

Interior Features

Total Stories

3


Bedrooms

2


Total Bathrooms

2


Full Bathrooms

2


Interior Features

Remodeled, Recessed Lighting, Smart Thermostat


Appliances

Convection Oven, Dryer, Dishwasher, ENERGY STAR Qualified Appliances, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Range Hood, Washer


Laundry Description

Washer Hookup, Dryer Hookup


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ceiling Fan(s), Electric


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Exterior Features

Built-in Barbecue, Balcony


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

$3,465


Tax Frequency

Annually


Days on Market

62


Association Fee

$1,584


Association Fee Frequency

Quarterly


Association Amenities

Beach Rights, Gated, Picnic Area


Garage

No


Parking

Additional Parking, Electric Gate, Guest, Gated, Open, Paved, Parking Lot


View

Yes


View Description

Gulf, Pond


County

Bay


Pool

Yes


Pool Features

Fenced, In Ground, Private, Community


Waterfront

Yes

Listing History

Date

Event

Price

8/11/2023

Price change

$550,000

-9%

8/11/2023

Sold

$550,000

6/29/2023

Under contract

6/15/2023

Price change

$599,800

-1%

5/25/2023

Price change

$599,900

-2%

5/16/2023

Price change

$612,000

0%

5/16/2023

Price change

$608,000

-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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