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.
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
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#: 743261
Originating 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