$450,000
$475,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
3 Baths
1,750 SqFt
SOLD DATE : 11/01/2024
Key Details
Sold Price $450,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,750 sqft
Price per Sqft $257
Subdivision Sugar Beach Condo
MLS Listing ID 762609
Sold Date 11/01/24
Style Low Rise
Bedrooms 4
Full Baths 3
HOA Fees $1,192/qua
HOA Y/N Yes
Year Built 1974
Annual Tax Amount $4,839
Tax Year 2023
Property Description
DO NOT USE AS A COMP - DISTRESSED SELL. CONTACT LISTING AGENT FOR DETAILS.LOWEST PRICED 4 Bed / 3 Bath GULF VIEW Condo on the Entire Beach! In fact, it isn't just the lowest price condo on the beach today, this is the lowest priced condo we have seen in well over 3 years (by a lot)!!!With over $70k worth of brand-new hurricane doors and windows, a new HVAC system, new hot water heater, new carpeting upstairs, new LVP in several rooms, newer stainless appliances, new vanities in 2 of the bathrooms, fresh paint, and new porch coatings and rails on the front and back, this unit is 100% ready for the new owner to simply let their imagination run wild with new furniture and decor. The last 5 comps in this amazing community all sold for $85k-$185k more than this one, so at this price and in this condition, you are probably asking yourself, ''what's the catch?'' And to be perfectly honest... I totally get it. I see people listing condos at over inflated prices every day - with the strategy of accepting a much lower offer in order to get it sold. The rationale for the pricing is pretty simple - yet incredibly rare in today's market...This owner has had the condo well over 30 years, hasn't rented it out, has used it for creating unforgettable family memories over several generations, and has taken incredible care of their favorite beach getaway. Over time, life inevitably happens, and now the family is ready to move on to the next chapter in their life story.They are truly kind people, and don't see the need to over-price the condo and waste time negotiating back and forth on the price. They know they could have listed it much higher, then settle somewhere around this price, but that's not how they wanted to handle things. Instead, they wanted to go ahead and cut the ''back-and-forth'' out of things, and simply list it at a price where a new owner can come in, put a little into making it their own, and still have ample positive equity on day #1. Essentially - they are looking for a win/win for everyone!Like I said a minute ago... INCREDIBLY RARE in today's market to find such an honest seller, right?!?This unbelievable opportunity is what some people might consider a ''Unicorn.'' With an 11% ROI on just the average rental income of neighboring units, this condo offers everything an investor could ever look for. It is well below market value, all the big-ticket items are new, it offers an ROI that you simply can't find in today's market, and it offers insane instant equity... LOTS of it! Not only do the numbers more than speak for themselves, this incredibly spacious condo is perfectly situated on the highly desirable East end of the Beach - right on the Historic Thomas Dr. Just outside your front door, you will find some of PCB's most enjoyed restaurants, attractions, and nightlife, and more. Park directly at your front door (no elevators), and you will never have to touch your car again!When it is time to wind down for the evening, you will find one of the most unique greenspaces in all of PCB - right outside your 2 private balconies! Get lost in your thoughts gazing into the tranquil Koi pond, or simply take a stroll to the sugar white sands - just mere seconds from your door. With beautiful tropical landscaping, walking paths around the pond, and some of the best sunset's in town... Sugar Beach offers serenity unlike any other place in town.And when you add the fact that Sugar Beach has a competitive advantage over nearly every other condo in town (one of the only remaining ''Pet Friendly'' communities on the beach), it's easy to see why this ''once in a lifetime'' investment will be gone in the blink of an eye!
Location
State FL
County Bay
Community Barbecue, Beach, Clubhouse, Laundry Facilities, Other, Park, See Remarks, Short Term Rental Allowed, Tennis Court(S), Waterfront, Gated, Pool, Sidewalks
Area 03 - Bay County - Beach
Interior
Interior Features Recessed Lighting, Skylights
Heating Central
Cooling Central Air, Ceiling Fan(s)
Furnishings Furnished
Fireplace No
Appliance Washer/Dryer Stacked, Dishwasher, ENERGY STAR Qualified Appliances, Electric Oven, Disposal, Microwave, Refrigerator
Laundry Stacked
Exterior
Exterior Feature Built-in Barbecue, Balcony, Outdoor Shower
Garage Electric Gate, Gated, No Garage, Paved, Parking Lot
Fence Full
Pool Fenced, In Ground, Community
Community Features Barbecue, Beach, Clubhouse, Laundry Facilities, Other, Park, See Remarks, Short Term Rental Allowed, Tennis Court(s), Waterfront, Gated, Pool, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Other, Phone Connected, See Remarks, Water Connected
Amenities Available Beach Rights, Gated, Picnic Area
Waterfront Yes
Waterfront Description Lake,Lake Front,Shoreline - Sand
View Y/N Yes
Water Access Desc Lake,Lake Front,Shoreline - Sand
View Gulf, Water
Porch Balcony
Building
Lot Description Landscaped
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,Laundry,Maintenance Grounds,Other,Pool(s),Sewer,See Remarks,Tennis Courts,Trash,Water
Senior Community No
Tax ID 30189-018-000
Security Features Gated Community,Key Card Entry,Security System,Security Service
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Other
Special Listing Condition Listed As-Is
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