8727 Thomas DR #A3 Panama City, FL 32408
Open House
Thu Oct 29, 11:30am - 1:30pm
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,750 sqft
Price per Sqft $320
Subdivision Sugar Beach Condo
MLS Listing ID 797118
Style Low Rise
Bedrooms 4
Full Baths 3
HOA Fees $3,238/qua
HOA Y/N Yes
Year Built 1974
Annual Tax Amount $5,209
Tax Year 2025
Property Sub-Type Condominium
Property Description
Experienced investors are trained to ''love'' the number and simply ''like'' the property, but why not have both? This is by far the LOWEST PRICED comp in the entire town that is this close to the sand, and if pricing wasn't an instant attention grabber... it also has some of the lowest HOA fee's!
Simply put, you will not find a 4 bedroom condo on the beach that has this much to offer. Only a few feet from the sand, you can go from your incredible condo to the emerald green waters before folks in other communities can even catch the elevator to escape their floor. That's right... park directly at your door, and within seconds, find your toes in the sand and your soul soaking in the sun.
A key requirement for generating strong rentals is location, and the prime location is where this condo TRULY outshines all other competition.
For the kiddos, there are go cart tracks, video arcades, mini golf courses, thrill rides, ice cream shops, souvenir shops, and the list goes on!
For the adults, there are numerous bars/restaurants right outside your door - including the Famous Ms. Newby's! To make it even better, Tootsies just opened their highly anticipated Beach Bar and Restaurant just 2 doors down - where big name bands have already put on incredible performances. No need to drive after those adult beverages, your condo is perfectly located just a few seconds away!!!
Although the legendary action of Thomas Dr is right outside your front door, if it's peace and quiet you seek, you will lose yourself in the serenity of the lush and peaceful oasis of Sugar Beach. Offering one of the largest and most unique greenspaces in all of PCB, this incredible community offers ample room to stretch your legs while walking the well-manicured path around the pristine sprawling koi/turtle pond. You will not find another property in town that is directly on the beach - yet also offers such an incredible courtyard with a pool, tennis/pickleball courts, shuffleboard, a grilling area, a community clubhouse, a private gated beach access, and over 375 feet of incredible beach access!
Sugar Beach 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 when it comes to rentals, you find yourself with a true competitive advantage.
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!
This amazing unit has not been rented (meaning it is in exceptional shape), and has already been updated with over $50k in upgrades: All new hurricane doors and windows in 2024, new LVP flooring in the living area, and nearly all the furniture is new. It is turnkey and absolutely ready to go!!!
With many 4 bedroom units in Sugar Beach generating $90k+ annually in rentals... One look at the numbers, one look at the condo, and one look at the location - and you will become a firm believer. This condo genuinely has it all and will turn an incredible profit - while creating unforgettable lifetime memories for years to come.
Welcome to Paradise!!!
Location
State FL
County Bay
Community Barbecue, Beach, Clubhouse, Conference/Meeting Room, Game Room, Laundry Facilities, Park, Pool, Tennis Court(S), Waterfront, Community Pool, Gated, Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Interior Features Interior Steps, Smart Thermostat, Tub Shower, Upper Level Primary
Heating Central
Cooling Central Air, Ceiling Fan(s)
Fireplace No
Appliance Electric Oven, Electric Water Heater
Exterior
Parking Features Gated, Parking Lot
Pool In Ground, Community
Community Features Barbecue, Beach, Clubhouse, Conference/Meeting Room, Game Room, Laundry Facilities, Park, Pool, Tennis Court(s), Waterfront, Community Pool, Gated, Short Term Rental Allowed
Utilities Available Cable Connected
Amenities Available Beach Rights, Game Room, Gated, Barbecue
Waterfront Description Other,Shoreline - Sand
View Y/N Yes
Water Access Desc Other,Shoreline - Sand
View Gulf, Other, Water
Roof Type Flat,Membrane
Porch Balcony, Covered, Patio
Private Pool No
Building
Lot Description Paved
Sewer Public Sewer
Architectural Style Low Rise
Additional Building Pool House, 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),Sewer,Tennis Courts,Trash,Water
Restrictions Short Term Rentals Allowed
Tax ID 30189-004-000
Security Features Closed Circuit Camera(s),Gated Community,24 Hour Security,Security Lights,Security Gate,Smoke Detector(s)
Financing Other
Special Listing Condition Listed As-Is
NEARBY SCHOOL & BUSINESS
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