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Sold for $499,000 on 01/30/24
  • $499,000

    8727 Thomas Dr UNIT B1, Panama City Beach, FL 32408

    3beds
    1,512sqft
    Condominium
    Built in 1974
    -- sqft lot
    $478,400 Zestimate®
    $330/sqft
    $3,246 Estimated rent

    What's special

    LOWEST PRICED 3 Bed / 3 Bath condo on the ENTIRE BEACH!!! You heard that right, on the ENTIRE BEACH! And this one... it generates a significant return on investment each year based on actual rentals - NOT projections!It's time for a little needed honesty... The condo market has really slowed down a TON these past several months. Inventory is higher than it has been in several years, and to be perfectly transparent, most condos on the beach LOOSE MONEY every month!It is becoming harder and harder to find a condo that is truly a solid investment, and finding one that generates a positive return on investment can seem like finding a needle in a haystack.Having laid out the reality of the current condo market, this unit is truly the EXCEPTION to the NORM!Have you tried finding a Gulf View condo that generates a 10%+ Return on Investment (ROI) in today's market? If you did, was it based on ACTUAL rentals and NOT overinflated projections? Although finding such an opportunity might not seem possible with 7% interest rates, this incredible rental machine does EXACTLY that, and has the history to prove it!And did I mention... it is amongst the lowest quarterly HOA dues of ALL available comps?!?Experienced investors are trained to ''love'' the number and simply ''like'' the property, but why not have both? With actual rentals of nearly $80k in 2022, and with over $57k in bookings YTD, the numbers clearly speak to this incredible opportunity.

    Zillow last checked: 7 hours ago

    Listing updated: October 24, 2024 at 09:17am

    Listed by:

    Garrett S Aune 850-588-8908,

    Beachy Beach Real Estate

    Bought with:

    Nathan Lawrence, 3107484

    Keller Williams Success Realty

    Emily Doss

    Keller Williams Success Realty

    Source: CPAR,MLS#: 743261MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Primary bedroom
    • Level: Second
    • Area: 160
    • Dimensions: 16 x 10
    Bedroom
    • Level: First
    • Area: 99
    • Dimensions: 11 x 9
    Bedroom
    • Level: Second
    • Area: 169
    • Dimensions: 13 x 13
    Dining room
    • Level: First
    • Area: 90
    • Dimensions: 10 x 9
    Kitchen
    • Level: First
    • Area: 63
    • Dimensions: 9 x 7
    Living room
    • Level: First
    • Area: 195
    • Dimensions: 15 x 13
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s), Electric
    Appliances
    • Included: Dryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Freezer, Disposal, Microwave, Refrigerator, Range Hood, Washer
    • Laundry: Washer Hookup, Dryer Hookup
    Features
    • Remodeled, Smart Thermostat
    • Doors: Storm Door(s)
    • Furnished: Yes
    Interior area
    • Total interior livable area: 1,512 sqft

    Property

    Parking
    • Parking features: Electric Gate, Garage, Garage Door Opener, Gated, Open, Paved, Parking Lot
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Balcony
    • Exterior features: Built-in Barbecue, Balcony, Outdoor Shower, Pool
    • Has private pool: Yes
    • Pool features: Fenced, Gunite, In Ground, Private, Community, Pool
    • Fencing: Full
    • Has view: Yes
    • View description: Gulf, Pond
    • Has water view: Yes
    • Water view: Gulf,Pond
    • Waterfront features: Shoreline - Sand, Waterfront
    • Frontage length: 395
    Lot
    • Features: Landscaped, Waterfront
    Details
    • Additional structures: Tennis Court(s)
    • Parcel number: 30189019000
    • Zoning description: Resid Single Family
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Low Rise
    • Property subtype: Condominium
    Materials
    • Block, Concrete, Stucco
    • Foundation: Slab
    Condition
    • Updated/Remodeled
    • Year built: 1974

    Utilities & green energy

    • Utilities for property: Cable Connected, Electricity Connected, Other, Phone Connected, See Remarks, Trash Collection, Water Connected

    Community & neighborhood

    Security
    • Security features: Closed Circuit Camera(s), Secured Garage/Parking, Gated Community, 24 Hour Security, Key Card Entry, Smoke Detector(s), Varies By Unit, Security Service
    Community
    • Community features: Barbecue, Beach, Clubhouse, Game Room, Laundry Facilities, Other, Park, Pool, Sport Court(s), See Remarks, Short Term Rental Allowed, Tennis Court(s), Waterfront, Gated
    Location
    • Region: Panama City Beach
    • Subdivision: Sugar Beach Condo

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $2,179 quarterly
    • Amenities included: Beach Rights, Game Room, Gated, Picnic Area
    • Services included: Clubhouse, Cable TV, Laundry, Maintenance Grounds, Other, Pool(s), Sewer, See Remarks, Security, Tennis Courts, Trash, Water

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Road surface type: Paved
    Services availability