Panama City Beach, FL 32408,8727 Thomas DR #C6
Panama City Beach, FL 32408,8727 Thomas DR #C6
Panama City Beach, FL 32408,8727 Thomas DR #C6
Panama City Beach, FL 32408,8727 Thomas DR #C6
Panama City Beach, FL 32408,8727 Thomas DR #C6
Panama City Beach, FL 32408,8727 Thomas DR #C6
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$375,000

$399,000

6.0%
Est.Price: ?

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Est. payment /mo

2 Beds

2 Baths

1,086 SqFt


SOLD DATE : 01/29/2024

Key Details

Sold Price $375,000

Property Type Condo

Sub Type Condominium

Listing Status Sold

Purchase Type For Sale

Square Footage 1,086 sqft

Price per Sqft $345

Subdivision Sugar Beach Condo

MLS Listing ID 747872

Sold Date 01/29/24

Style Low Rise

Bedrooms 2

Full Baths 2

HOA Fees $528/qua

HOA Y/N Yes

Year Built 1974

Annual Tax Amount $2,515

Tax Year 2022

Property Description

The Investor's Trifecta!!! LOWEST OVERALL PRICE, LOWEST Sq/Ft PRICE, and LOWEST HOA's of all the 2 Bedroom / 2 Bathroom condos located on the beach! This is one of only 2 condos in town that can claim to offer all 3! 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 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!

Location

State FL

County Bay

Community Barbecue, Beach, Clubhouse, Laundry Facilities, Other, See Remarks, Short Term Rental Allowed, Tennis Court(S), Waterfront, Gated, Pool, Sidewalks

Area 03 - Bay County - Beach

Interior

Heating Central, ENERGY STAR Qualified Equipment

Cooling Central Air, ENERGY STAR Qualified Equipment

Furnishings Furnished

Fireplace No

Appliance Dryer, Washer/Dryer Stacked, Dishwasher, Electric Oven, Disposal, Refrigerator

Laundry Washer Hookup, Dryer Hookup, Stacked

Exterior

Exterior Feature Built-in Barbecue, Balcony, Pool, Patio

Garage Additional Parking, Parking Lot

Fence Full

Pool Fenced, In Ground, Community, Pool

Community Features Barbecue, Beach, Clubhouse, Laundry Facilities, Other, See Remarks, Short Term Rental Allowed, Tennis Court(s), Waterfront, Gated, Pool, Sidewalks

Utilities Available Electricity Connected, High Speed Internet Available, Phone Connected, Trash Collection, Water Connected

Amenities Available Beach Rights, Gated

Waterfront No

Waterfront Description Shoreline - Sand,Waterfront

View Y/N Yes

Water Access Desc Shoreline - Sand,Waterfront

View Gulf, Pond

Porch Balcony, Open, Porch

Building

Lot Description Landscaped, Waterfront

Story 3

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 Clubhouse,Cable TV,Maintenance Grounds,Other,Pool(s),Sewer,See Remarks,Security,Tennis Courts,Trash,Water

Tax ID 30189-042-000

Security Features Gated Community,24 Hour Security,Smoke Detector(s),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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Listed by Beachy Beach Real Estate
Bought with Beach Haven Realty
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