8727 Thomas DR #B6 Panama City, FL 32408
Open House
Tue Sep 01, 10:30am - 12:30pm
Wed Sep 02, 12:00pm - 2:00pm
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,512 sqft
Price per Sqft $304
Subdivision Sugar Beach Condo
MLS Listing ID 794799
Style Low Rise
Bedrooms 3
Full Baths 3
HOA Fees $2,805/qua
HOA Y/N Yes
Year Built 1974
Annual Tax Amount $5,057
Tax Year 2025
Property Sub-Type Condominium
Property Description
This unbelievable condo has been loved by the same family for 27 years, and now that they are starting a new chapter in life, they are offering it up at a once in a lifetime price!
Let's 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 being just a few short feet to your very own private Beach Access - 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, 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 and the all new and Wildly Popular Tootsie's Honkytonk (with big name country music stars performing regularly)! No need to drive after those adult beverages, your condo is perfectly located just a few seconds away! 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 CERTAINLY 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 3 bedroom in Sugar Beach brings in over $60k annually in rentals, and some of the well-established ones bring in over $80k. At the high end your annual ROI would be well over 10% - which is unheard of nowadays.
And with over $90k invested in updates over the last few years, it simply doesn't get any better than this! Updates include: All new kitchen cabinets and counter tops, HVAC, water heater, electrical panel, shower inserts, LVP flooring in bedrooms, couch and loveseat, and all new hurricane sliding doors and windows.
Welcome to Paradise!!!
Location
State FL
County Bay
Community Barbecue, Beach, Clubhouse, Conference/Meeting Room, Laundry Facilities, Park, Pool, Tennis Court(S), Waterfront, Community Pool, Gated, Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Interior Features Balcony, Shower Only, Smart Thermostat, Upper Level Primary
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s)
Fireplace No
Appliance Electric Oven, Electric Water Heater
Exterior
Parking Features Gated, Parking Lot
Pool Fenced, In Ground, Community
Community Features Barbecue, Beach, Clubhouse, Conference/Meeting Room, Laundry Facilities, Park, Pool, Tennis Court(s), Waterfront, Community Pool, Gated, Short Term Rental Allowed
Utilities Available Cable Connected, Electricity Available, High Speed Internet Available
Amenities Available Beach Rights, Barbecue, Picnic Area
Waterfront Description Other
View Y/N Yes
Water Access Desc Other
View Gulf, Other
Roof Type Membrane
Porch Balcony, Covered, Patio
Private Pool No
Building
Story 3
Entry Level Three Or More
Sewer Public Sewer
Architectural Style Low Rise
Level or Stories Three Or More
Additional Building Tennis Court(s)
New Construction No
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
HOA Fee Include Clubhouse,Cable TV,Laundry,Maintenance Grounds,Pool(s),Security,Tennis Courts,Trash,Water
Restrictions Short Term Rentals Allowed
Tax ID 30189-024-000
Security Features Security Gate,Gated Community,Security Fence,Security Lights,Smoke Detector(s)
Financing Other
Special Listing Condition Listed As-Is
Virtual Tour https://my.matterport.com/show/?m=TCkdVNPPAmF&brand=0&mls=1&
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