Sold

8727 Thomas Drive, UNIT C6

Panama City Beach FL, 32408

$375,000


$345.30 per sqft

Sold

2 Beds

2 Baths

1,086 sqft

Condos

Built in 1974

The Investor's Trifecta!!!

LOWEST OVERALL PRICE, LOWEST Sq/Ft PRICE, and LOWEST HOA's of all the 2 Bedroom / 2 Bathroom comps located on the beach! This is one of only 2 condos in town that can claim to offer all of these incredible perks!

If a 12% ROI potential doesn't get your attention, maybe a $25k annual appreciation will. That's right... over the past 21 years, 2 bedroom / 2 bath condos in PCB have averaged a 6.4% annual gain in value due to simple appreciation!

Lets look at the facts...

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: Most people come to PCB for the breathtaking Gulf views, and this condo does not disappoint. What they don't expect is to also have an incredible view over an expansive courtyard that is so well manicured, including a beautiful Koi/Turtle pond. Sugar Beach is the only place on the beach with views like this, and they are truly unforgettable...

LOCATION: After watching some of the world's most awe-inspiring sunsets, simply head out your front door and 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 - and there is no need to drive anywhere to enjoy the best that PCB has to offer.

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, and countless options for live music, 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!!!

And did I mention that Tootsies is looking to open it's very first beach bar just 2 doors down?!? Yep... talk about KILLER location!!!

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, 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 some of 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!

The average 2 bedroom in Sugar Beach brings in over $50k annually in rentals, and some of the well-established ones bring in over $70k. At the high end your annual ROI would be well over 12% on a financed purchase - which is unheard of nowadays.

It isn't often that someone loves a condo so much that they keep it in their family over 10 years, but one step into the paradise that is Sugar Beach, and you will immediately understand why this condo has been cherished by the same family for so long!

Welcome Home!

935608

MLS ID

October 30, 2023

Listed

October 29, 2024

Updated

Map

8727 Thomas Drive, UNIT C6
Panama City Beach FL, 32408

Interior Features

Total Stories

3


Bedrooms

2


Total Bathrooms

2


Full Bathrooms

2


Interior Features

Floor Tile, Furnished - All, Lighting Recessed, Owners Closet, Renovated, Split Bedroom, Washer/Dryer Hookup, Window Treatment All, Woodwork Painted


Appliances

Cooktop, Dishwasher, Dryer, Microwave, Oven Self Cleaning, Range Hood, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s), Central Air


Heating

No

Exterior/Building Features

Exterior Features

Balcony, BBQ Pit/Grill, Deck Covered, Fenced Lot-All, Patio Covered, Pool - House, Pool - In-Ground, Porch, Renovated, Shower, Tennis Court


Architectual Style

N/A

School Information

High School

Arnold


Elementary School

Breakfast Point

Other Property Details

Area Name

27 - Bay County


Days on Market

78


Association Fee

$1,584


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

1/29/2024

Price change

$375,000

-7%

1/29/2024

Sold

$375,000

1/16/2024

Pending

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 3:17 AM UTC, 10/29/2024

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