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2 Beds
2 Baths
1,086 sqft

$505,000

8727 Thomas Drive C21, Panama City Beach FL, 32408

Price per sqft$465.01
Built in1974
Property size1,086 sqft
Property typeCondominium

Overview

Sold

Closed

Listed Jan 26, 2026

Updated Jun 12

'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Perched on the top floor of Sugar Beach Condominiums, Unit C21 delivers the rare combination buyers and renters crave most: true Gulf-front living, peaceful privacy, and walk-everywhere convenience. Chosen specifically for its oceanfront position and quiet setting, this fully updated 2-bedroom, 2-bath condo offers unobstructed Gulf views, vibrant sunsets, and the simple luxury of knowing no one is above you. Inside, the condo has been thoughtfully refreshed with upgrades that enhance both comfort and performance, including updated paint and lighting, HVAC, a dedicated dehumidifier system, newer windows and doors, smart TVs, an electric fireplace, and fully stocked kitchenware and furnishings. The space is bright, coastal, and calming. It is a place the owners describe as one that simply ''brings a lot of happiness'' and truly ''suits everyone.'' Step out onto the private Gulf-front balcony and take in sweeping water views, coastal breezes, and sunsets that never get old. Sugar Beach itself is known for its private, gated, peaceful, and family-oriented atmosphere, blending full-time residents with vacationers in a way that feels welcoming and relaxed. The community offers over 375 feet of private deeded beachfront, along with private beach access, a pool, clubhouse, tennis and pickleball courts, grilling areas, and beautifully landscaped grounds centered around the iconic koi and turtle pond. It's a resort-style setting without the congestion of high-rise living. No elevators, easy parking, and a quieter, more personal feel. Owners also benefit from some of the lowest HOA fees on Panama City Beach, which plays a major role in the long-term value and profitability of the property. One of the biggest highlights is the walkability. From the front gate, you're steps to a wide variety of restaurants, beach bars, live music venues, family attractions, shopping, arcades, mini golf, and entertainment along Thomas Drive. The excitement is only growing with Tootsies Orchid Lounge set to open just a few doors down, bringing a high-energy Nashville-style music scene right to your neighborhood, all without needing to drive. Whether you're looking for a serene personal retreat, a second home, or a proven short-term rental, this condo delivers. Sugar Beach is one of the only Gulf-front communities in PCB that allows pets, a major advantage that consistently drives higher demand and stronger occupancy. Unit C21 has averaged approximately $50,000-$60,000 annually in gross rental income without aggressive management, with seasonal nightly rates ranging from $250-$400 per night. When you combine Gulf-front location, top-floor privacy, low HOA fees, pet-friendly flexibility, and walkable entertainment, the ROI here simply makes sense. (Other units have done over $60k/$70k aggressively) Top floor. Gulf front. Quiet. Walkable. Proven. Unit C21 isn't just a condo. It's a lifestyle that keeps guests returning and owners smiling long after the sand is rinsed off.

Additional information

MLS® ID
784193

Interior Features

Bedrooms
2
Bathrooms
2
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$5,862
Tax Frequency
Annually
View
Yes
Pool
Yes
Waterfront
Yes

 

Courtesy of Epique Realty Inc, Mindy A Koester,
Listing Contact: 850-691-6087 

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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