$427,000
$429,000
0.5%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
1,512 SqFt
SOLD DATE : 06/16/2023
Key Details
Sold Price $427,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,512 sqft
Price per Sqft $282
Subdivision Sugar Beach Condo
MLS Listing ID 741325
Sold Date 06/16/23
Style Low Rise
Bedrooms 3
Full Baths 3
HOA Fees $726/qua
HOA Y/N Yes
Year Built 1974
Annual Tax Amount $3,219
Tax Year 2022
Property Description
LOWEST PRICED 3 Bedroom Condo ON THE ENTIRE BEACH! You read the price right... You can really grab this 3-bedroom gulf view condo for only $429,000! Priced to sell quick at over $110,000k less than the next lowest priced comparable condo, this one won't last long at all!!!How about an 8%+ annual return on Investment? I know, I know... Anything over 5% is almost unheard of nowadays, so how can this unit generate 8%+? See the attached cash flow statement for a financial summary, but in short, a three bedroom / 3 bath condo in Sugar Beach traditionally brings in between $50k-$70k in gross rentals. At the middle point of $60k, you are bringing in over 8% ROI as you build your client base and use the unit some for your own personal vacations. Once you are well established and hit the $70k+ point, you will be enjoying over 11% ROI on a cash purchase, or 15% on a financed purchase - meaning this one is the STEAL you have been waiting for!Investment properties are not all created equal, and this condo boasts EVERYTHING needed to provide you an incredible competitive advantage in the rental market. 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.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, tennis/pickleball courts, shuffleboard, a grilling area, a huge koi/turtle pond right out your back door, countless nearby restaurants/activities, over 375 feet of incredible beach access, and the list goes on!
Location
State FL
County Bay
Community Barbecue, Beach, Clubhouse, Game Room, Laundry Facilities, Other, Park, Pool, See Remarks, Short Term Rental Allowed, Tennis Court(S), Waterfront, Gated, Sidewalks
Area 03 - Bay County - Beach
Interior
Interior Features Breakfast Bar
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s)
Furnishings Partially
Fireplace No
Appliance Dryer, Dishwasher, Electric Oven, Electric Water Heater, Washer
Exterior
Exterior Feature Built-in Barbecue, Balcony, Pool
Garage Electric Gate, Gated, Paved, Parking Lot
Fence Full
Pool Fenced, In Ground, Private, Community, Pool
Community Features Barbecue, Beach, Clubhouse, Game Room, Laundry Facilities, Other, Park, Pool, See Remarks, Short Term Rental Allowed, Tennis Court(s), Waterfront, Gated, Sidewalks
Utilities Available Cable Connected, Electricity Connected, High Speed Internet Available, Other, Phone Connected, Sewer Connected, Trash Collection, Water Connected
Amenities Available Beach Rights, Game Room, Gated, Picnic Area
Waterfront No
Waterfront Description Waterfront
View Y/N Yes
Water Access Desc Waterfront
View Gulf, Pond
Porch Balcony, Covered, Patio, Porch
Private Pool Yes
Building
Lot Description Landscaped, Waterfront
Story 3
Foundation Slab
Architectural Style Low Rise
Additional Building Tennis Court(s), Pool House
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
HOA Fee Include Association Management,Clubhouse,Cable TV,Maintenance Grounds,Other,Pool(s),Sewer,See Remarks,Security,Tennis Courts,Trash,Water
Tax ID 30189-021-000
Security Features Gated Community,Key Card Entry,Smoke Detector(s),Varies By Unit,Security Service
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Cash
Special Listing Condition Listed As-Is
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