In a world where the power of the dollar has seemingly gotten weaker each day, isn't it about time that you took control of your financial future?Stocks, bonds, cryptocurrency, and nearly every other form of investment has proven to drastically rise and fall with the economy - but throughout US history, real estate has truly withstood the test of time. In fact, 2 bed / 2 bath condos have averaged a 6.8% annual appreciation over the past 20+ years. That amounts to well over $30k a year for a $500k condo!!!In addition to the incredible annual appreciation, this is one of the few comps (of the nearly 200) on the beach that will truly generate a positive return on investment each year. Listed as one of the lowest priced and lowest HOA's of all comps, this one will truly cover its costs as you build wealth for years to come.Now that I have your attention, it might be well worth your time to take a look at this hidden gem. Finding another condo this close to the sugar white sands and the emerald hued gulf is virtually impossible, and the breathtaking sunset views from the private balcony will permanently change your latitude and attitude!This 2nd floor slice of paradise boasts the best views in PCB, a brand-new HVAC system, brand new water heater, brand new coastal colored LVP flooring, brand new paint, and will soon have brand new hurricane sliding glass doors and windows! That's right... all the big-ticket items are already taken care of - leaving you set for years to come!Sugar Beach is one of the most unique complexes on the beach as it is pet friendly (giving you a competitive rental advantage), allows you to park at your door (no elevators), enjoys one of the largest courtyard/greenspaces in all of PCB, and is literally seconds away form all the best attractions PCB has to offer (dining, amusement rides, mini golf, bars, live music, and the list goes on)!Perfectly situated in the heart of Thomas Drive, Sugar Beach is a unlike any other community in town. One visit, and you will forever consider this serene oasis home!!!
Sold for $540,000 on 01/30/24
$540,000
8727 Thomas Dr UNIT C11, Panama City Beach, FL 32408
2beds
1,086sqft
Condominium
Built in 1974
-- sqft lot
$524,400 Zestimate®
$497/sqft
$3,112 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: September 25, 2024 at 08:10pm
Listed by:
Garrett S Aune 850-588-8908,
Beachy Beach Real Estate
Bought with:
Garrett S Aune, SL352911
Beachy Beach Real Estate
Source: CPAR,MLS#: 749047
Originating MLS: Central Panhandle Association of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 210
- Dimensions: 15 x 14
Bedroom
- Level: First
- Area: 156
- Dimensions: 13 x 12
Primary bathroom
- Level: First
- Area: 48
- Dimensions: 8 x 6
Other
- Level: First
- Area: 48
- Dimensions: 8 x 6
Kitchen
- Level: First
- Area: 72
- Dimensions: 9 x 8
Living room
- Description: Living / Dining Combo
- Level: First
- Area: 273
- Dimensions: 21 x 13
Patio
- Level: First
- Area: 120
- Dimensions: 15 x 8
Heating
- Central, ENERGY STAR Qualified Equipment
Cooling
- Central Air, ENERGY STAR Qualified Equipment
Appliances
- Included: Dryer, Washer/Dryer Stacked, Dishwasher, Electric Oven, Disposal, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, Stacked
Features
- New Paint, Split Bedrooms
- Furnished: Yes
Interior area
- Total interior livable area: 1,086 sqft
Property
Parking
- Parking features: Additional Parking, Parking Lot
Features
- Patio & porch: Balcony, Open, Porch
- Exterior features: Built-in Barbecue, Balcony, Pool, Patio
- Has private pool: Yes
- Pool features: Fenced, In Ground, Community, Pool
- Fencing: Full
- Has view: Yes
- View description: Gulf, Pond
- Has water view: Yes
- Water view: Gulf,Pond
- Waterfront features: Gulf, Shoreline - Sand, Waterfront
- Frontage length: 375' Private Access
Lot
- Features: Landscaped, Waterfront
Details
- Additional structures: Tennis Court(s), Pool House
- Parcel number: 30189047000
- Zoning description: Resid Multi-Family,Resid Single Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Condo
- Architectural style: Low Rise
- Property subtype: Condominium
Materials
- Concrete
Condition
- Year built: 1974
Utilities & green energy
- Utilities for property: Electricity Connected, High Speed Internet Available, Phone Connected, Trash Collection, Water Connected
Community & neighborhood
Security
- Security features: Gated Community, 24 Hour Security, Smoke Detector(s), Security Service
Community
- Community features: Barbecue, Beach, Clubhouse, Laundry Facilities, Other, 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: $1,584 quarterly
- Amenities included: Beach Rights, Gated, Picnic Area
- Services included: 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

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