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Sold for $523,000 on 07/05/23
  • $523,000

    8727 Thomas Dr UNIT B14, Panama City Beach, FL 32408

    3beds
    1,512sqft
    Condominium
    Built in 1974
    -- sqft lot
    $494,200 Zestimate®
    $346/sqft
    $3,246 Estimated rent

    What's special

    If an 8% Return on Investment (ROI) sounds too good to be true, I challenge you to give me just a few seconds to change your mind...A seasoned investor knows to base their decisions on facts and solid data (not projections), and this incredible property has already grossed $52k since last June, and with current bookings/open opportunities, it is well on pace to exceed $70k in the previous 12 months. What makes this all the more impressive is the fact that this is the unit's first full year on the rental market, and it is only getting started!So why is this one different from all the others in PCB?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, 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!If the uniqueness of the property isn't enough to win your heart, just wait till you take a look inside what is destined to become your Gulf View condo...This amazing rental machine boasts a beautiful kitchen with stainless steel appliances, and it overlooks the breakfast bar, the living room, and the beautiful greenspace located right outside of your 2 back patios.The downstairs living area is well equipped with durable tile flooring, while the upstairs living areas and bedrooms are tastefully decorated with coastal style LVP flooring. The 3 well positioned bathrooms have updated toilets, vanities, and decor, and the entire condo is thoughtfully decorated with stylish furniture and decor.This incredible condo has everything you need to comfortably sleep 8, but when it's time to explore the sugar white sands of PCB, simply head out your back door to the private beach access - just a few feet away!After watching some of the world's most awe-inspiring sunsets on the beach or from your back patio, head out front to 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 your front door - and you don't need any vehicles to enjoy the best that PCB has to offer because of this condo's incredible location!When it comes to successful vacation rentals, it's all about location, location, location - and this condo is in the heart of everything you might want for creating unforgettable memories.

    Zillow last checked: 7 hours ago

    Listing updated: September 24, 2024 at 08:11pm

    Listed by:

    Garrett S Aune 850-588-8908,

    Beachy Beach Real Estate

    Bought with:

    Holli Persall, 3198726

    ERA Neubauer Real Estate Inc

    Source: CPAR,MLS#: 740489MLS 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
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Microwave, Refrigerator
    • Laundry: Washer Hookup, Dryer Hookup
    Features
    • Breakfast Bar, Smart Thermostat
    • Furnished: Yes
    Interior area
    • Total interior livable area: 1,512 sqft

    Property

    Parking
    • Parking features: Electric Gate, Gated, Open, Paved, Parking Lot
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Balcony, Covered, Patio, Porch
    • Exterior features: Built-in Barbecue, Balcony, Outdoor Shower, Pool
    • Has private pool: Yes
    • Pool features: Fenced, In Ground, Private, Community, Pool
    • Fencing: Full
    • Has view: Yes
    • View description: Gulf, Pond
    • Has water view: Yes
    • Water view: Gulf,Pond
    • Waterfront features: Gulf, Waterfront
    Lot
    • Features: Landscaped, Waterfront
    Details
    • Additional structures: Tennis Court(s), Pool House
    • Parcel number: 30189032000
    • Zoning description: Resid Multi-Family
    • Special conditions: Listed As-Is

    Construction

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

    Utilities & green energy

    • Utilities for property: Cable Connected, Electricity Connected, High Speed Internet Available, Other, Phone Connected, Sewer Connected, Trash Collection, Water Connected

    Community & neighborhood

    Security
    • Security features: Fire Alarm, Gated Community, 24 Hour Security, Key Card Entry, Varies By Unit, Security Service
    Community
    • Community features: Barbecue, Beach, Clubhouse, Game Room, Laundry Facilities, Other, Park, Sport Court(s), See Remarks, Short Term Rental Allowed, Tennis Court(s), Waterfront, Gated, Pool, Sidewalks
    Location
    • Region: Panama City Beach
    • Subdivision: Sugar Beach Condo

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $2,179 quarterly
    • Amenities included: Beach Rights, Gated, Picnic Area
    • Services included: Association Management, Clubhouse, Cable TV, 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