Skip main navigation
Sold for $395,000 on 03/16/23
  • $395,000

    8727 Thomas Dr UNIT C8, Panama City Beach, FL 32408

    2beds
    1,086sqft
    Condominium
    Built in 1974
    -- sqft lot
    $346,700 Zestimate®
    $364/sqft
    $1,966 Estimated rent

    Owner options

    List your home for rent

    $1,966/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $1,966/mo

    Rent Zestimate®

    Refinance and save

    $2,463/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $2,463/mo

    Est. payment

    What's special

    LOWEST PRICED 2 bedroom / 2 bath GULF VIEW condo in ALL OF PCB!!! Interest Rates got you down? Thinking you can't make a solid return on your investment if you buy an investment property at today's interest rates? Good news... I've got you covered! This is the LOWEST PRICED GULF VIEW 2 BED / 2 BATH CONDO IN PCB without needing an elevator! Investors Dream - Unbelievable ROI Potential!!! Sugar Beach is truly a hidden gem where time stands still, and lifelong memories are made with family and friends! The serene gulf and private pond views from the Master Bedroom and Balcony are truly awe inspiring, and the world-renowned action of Thomas Drive can easily be experienced from your 2nd floor front balcony. 2 bed/2 bath condos in Sugar Beach are true rental machines, and this one is sure to be no exception. This unit is turnkey, has been 80% remodeled within the past year, and is ready to put some serious money into your bank account today! This amazing condo boasts beautiful LVP flooring throughout, and brand new furniture in both the living room and secondary bedroom. The kitchen will take your breath away with its brand-new high-end shaker style cabinetry with soft close doors, stylish white/grey granite counter tops, and a backsplash that ties everything together and completes the perfect picture! The average 2-bedroom condo in Sugar Beach brings in over $45k annually in rentals, and some of the well established ones bring in over $75k. At the high end... your annual ROI would be well over 30% on a financed purchase - which is unheard of nowadays! And even as you are getting established and building your client base, you would still be enjoying a 1.5% ROI - plus appreciation and equity gains (which is way better than banks, crypto, and the stock market offers right now)!!! Financed Purchase @ $45k Rentals = 1.5% ROI Financed Purchase @ $75k Rentals = 33% ROI Cash Purchase @ $45k Rentals = 7% ROI Cash Purchase @ $75k Rentals = 14% ROI Now you can see... this one is a steal at this price!!! Sugar Beach has everything you could ask for to ensure enormous rental income. It is one of the few remaining pet friendly vacation destinations in PCB - which is a HUGE amenity for renters (giving you a truly competitive advantage). Gated community, no elevators, park directly at your door, private gated beach access, pool, tennis, shuffleboard, grilling area, huge koi/turtle pond right out your back door, countless nearby restaurants/activities, and the list goes on! Welcome home to Paradise!!! *Low quarterly HOA Fees include water, trash, cable, exterior insurance, grounds keeping, 24 hour video surveillance, community amenities (pool, tennis court x 2, shuffleboard, Koi pond, community room/kitchen, ping pong), on site maintenance 8 hours daily, onsite property management Mon-Fri, and private gated beach access. *Measurements are approximate, buyer to verify if needed*

    Zillow last checked: 8 hours ago

    Listing updated: 18 hours ago

    Listed by:

    Garrett S Aune 850-588-8908,

    Beachy Beach Real Estate

    Bought with:

    Beth Christie, 3065345

    Local Insight Realty

    Source: CPAR,MLS#: 733992MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Level: First
    • Dimensions: 15 x 14
    Bedroom
    • Level: First
    • Dimensions: 13 x 12
    Primary bathroom
    • Level: First
    • Dimensions: 8 x 8
    Other
    • Level: First
    • Dimensions: 8 x 6
    Kitchen
    • Dimensions: 9 x 8
    Living room
    • Level: First
    • Dimensions: 21 x 13
    Patio
    • Level: First
    • Dimensions: 15 x 8
    Heating
    • Central
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Washer/Dryer Stacked, Electric Oven, Electric Range, Electric Water Heater, Ice Maker
    • Laundry: Washer Hookup, Dryer Hookup, Stacked
    Features
    • Smart Thermostat
    • Flooring: Luxury Vinyl Plank
    • Windows: Storm Window(s), Tinted Windows
    Interior area
    • Total structure area: 1,086
    • Total interior livable area: 1,086 sqft

    Property

    Parking
    • Parking features: Additional Parking, Gated
    Features
    • Levels: Three Or More
    • Stories: 3
    • Patio & porch: Balcony, Covered, Patio
    • Exterior features: Barbecue
    • Pool features: Fenced, In Ground, Community, Pool
    • Fencing: Full,Fenced
    • Has view: Yes
    • View description: Gulf, Pond
    • Has water view: Yes
    • Water view: Gulf,Pond
    • Waterfront features: Shoreline - Sand
    • Frontage length: 375' Private Access
    Lot
    • Features: Paved
    Details
    • Additional structures: Pool House, Storage, Tennis Court(s)
    • Parcel number: 30189044000
    • 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
    • Roof: Flat
    Condition
    • Year built: 1974

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Cable Connected, High Speed Internet Available, Phone Connected, Water Available

    Community & neighborhood

    Security
    • Security features: Security Gate, Gated Community, 24 Hour Security, Security Fence, Security Lights, Varies By Unit, Smoke Detector(s), Security Service
    Community
    • Community features: Beach, Clubhouse, Laundry Facilities, Park, Pool, Sport Court(s), Tennis Court(s), Waterfront, Barbecue, Gated, Short Term Rental Allowed
    Location
    • Region: Panama City Beach
    • Subdivision: Sugar Beach Condo

    Other

    Other facts
    • Listing terms: Other
    Sell with ease on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
    $346,700
    2% more+$6,934
    With Zillow Showcase(estimated)$353,634