Sold
Closed
8727 Thomas Drive B1
Panama City Beach FL, 32408
$499,000
$330.03 per sqft
Sold
Closed
3 Beds
3 Baths
1,512 sqft
Condos
Built in 1974
LOWEST PRICED 3 Bed / 3 Bath condo on the ENTIRE BEACH!!! You heard that right, on the ENTIRE BEACH! And this one... it generates a significant return on investment each year based on actual rentals - NOT projections!It's time for a little needed honesty... The condo market has really slowed down a TON these past several months. Inventory is higher than it has been in several years, and to be perfectly transparent, most condos on the beach LOOSE MONEY every month!It is becoming harder and harder to find a condo that is truly a solid investment, and finding one that generates a positive return on investment can seem like finding a needle in a haystack.Having laid out the reality of the current condo market, this unit is truly the EXCEPTION to the NORM!Have you tried finding a Gulf View condo that generates a 10%+ Return on Investment (ROI) in today's market? If you did, was it based on ACTUAL rentals and NOT overinflated projections? Although finding such an opportunity might not seem possible with 7% interest rates, this incredible rental machine does EXACTLY that, and has the history to prove it!And did I mention... it is amongst the lowest quarterly HOA dues of ALL available comps?!?Experienced investors are trained to ''love'' the number and simply ''like'' the property, but why not have both? With actual rentals of nearly $80k in 2022, and with over $57k in bookings YTD, the numbers clearly speak to this incredible opportunity.
743261
MLSⓇ ID
June 26, 2023
Listed
October 24, 2024
Updated
Map
8727 Thomas Drive B1
Panama City Beach FL, 32408
Interior Features
Total Stories
3
Bedrooms
3
Total Bathrooms
3
Full Bathrooms
3
Interior Features
Remodeled, Smart Thermostat
Appliances
Dryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Freezer, 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, 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
$3,219
Tax Frequency
Annually
Days on Market
110
Association Fee
$2,179
Association Fee Frequency
Quarterly
Association Amenities
Beach Rights, Game Room, Gated, Picnic Area
Garage
No
Parking
Electric Gate, Garage, Garage Door Opener, Gated, Open, Paved, Parking Lot
View
Yes
View Description
Gulf, Pond
County
Bay
Pool
Yes
Pool Features
Fenced, Gunite, In Ground, Private, Community, Pool
Listing History
Date | Event | Price |
---|---|---|
1/31/2024 | Sold | $499,000 |
10/15/2023 | Under contract | — |
10/4/2023 | Price change | $499,000 -9% |
10/3/2023 | Price change | $543,900 -1% |
9/22/2023 | Price change | $548,900 -1% |
9/22/2023 | Active | — |
8/12/2023 | Under contract | — |
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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