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Sold for $250,000 on 05/09/25
  • $250,000

    8727 Thomas Dr UNIT E16, Panama City Beach, FL 32408

    1beds
    752sqft
    Condominium
    Built in 1974
    -- sqft lot
    $252,100 Zestimate®
    $332/sqft
    $2,627 Estimated rent

    What's special

    UNDER CONTRACT - SELLER ACCEPTING BACKUP OFFERS.6%+ ROI... Find a condo in today's market that can beat that using ACTUAL rentals, not simple projections! Let's look at the facts...This is one of the LOWEST OVERALL PRICED, LOWEST Sq/Ft PRICED, and LOWEST HOA's of all the 1 Bedroom / 1 Bathroom condos located on the beach side of Front Beach! Maximizing rental income starts with one basic concept - maximizing ''Heads in Beds.'' And when it comes to ensuring incredible occupancy rates, this unit offers all the key amenities renters look for when booking their vacation: View, Location, Complex Amenities, and Price. VIEW: Most people come to PCB for the breathtaking Gulf views, and this condo does not disappoint. Mere steps from the sugar white sand, and overlooking a tranquil courtyard that is incredibly manicured (including a beautiful Koi/Turtle pond), Sugar Beach is the only place on the beach with views like this - and they are truly unforgettable. LOCATION: After watching some of the world's most awe-inspiring sunsets, simply head out your front door and 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 - and there is no need to drive anywhere to enjoy the best that PCB has to offer. Located on the coveted East end of the beach (considerably less traffic), there are go cart tracks, video arcades, mini golf courses, thrill rides, ice cream shops, a winery, souvenir shops, and some of the Beach's best bars/restaurants - directly in front of the property. And did I mention that Tootsies Beach Bar (owned by Kid Rock) is opening just 2 doors down?!? Yep... talk about KILLER location!!!AMMENITIES: 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, huge clubhouse with games, tennis/pickleball courts, shuffleboard, a grilling area, over 375 feet of incredible beach access, and expansive greenspace unique from every other Gulf Front property in PCB! PRICE: Last but not CERTAILY not least, renters pick their vacation condo based on price. With a low selling price, low utility costs, and some of the lowest HOA's of all the competition, you have less overhead which ensures that you can charge less per night (as compared to the competition), bringing in strong rentals and generating an incredible profit!If you are looking for the best investment on the beach, or if you are looking for the next place to call home, this incredible condo offers everything you could ever dream of - and so very much more!

    Zillow last checked: 7 hours ago

    Listing updated: May 13, 2025 at 10:50am

    Listed by:

    Garrett S Aune 850-588-8908,

    Beachy Beach Real Estate

    Bought with:

    The Beninateam

    Beachy Beach Real Estate

    Source: CPAR,MLS#: 770887MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Primary bedroom
    • Level: First
    • Area: 132
    • Dimensions: 12 x 11
    Primary bathroom
    • Level: First
    • Area: 55
    • Dimensions: 11 x 5
    Kitchen
    • Level: First
    • Area: 80
    • Dimensions: 10 x 8
    Living room
    • Description: Living / Dining Combo
    • Level: First
    • Area: 294
    • Dimensions: 21 x 14
    Patio
    • Level: First
    • Area: 72
    • Dimensions: 12 x 6
    Heating
    • Central, ENERGY STAR Qualified Equipment
    Cooling
    • Central Air, ENERGY STAR Qualified Equipment
    Appliances
    • Included: Dryer, Washer/Dryer Stacked, Dishwasher, Electric Oven, Electric Water Heater, Disposal, Refrigerator, Washer
    • Laundry: Stacked
    Features
    • Furnished: Yes
    Interior area
    • Total interior livable area: 752 sqft

    Property

    Parking
    • Parking features: Additional Parking, Parking Lot
    Features
    • Patio & porch: Balcony, Open, Porch
    • Exterior features: Built-in Barbecue, Balcony, Patio
    • Pool features: Fenced, In Ground, Pool, Community
    • Fencing: Full
    • Has view: Yes
    • View description: Lake
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Lake, Lake Front, Other, Shoreline - Sand, Waterfront
    • Frontage length: 375' Private Access
    Lot
    • Features: Landscaped, Waterfront
    Details
    • Additional structures: Tennis Court(s), Pool House
    • Parcel number: 30189144000
    • 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
    • Roof: Flat
    Condition
    • Year built: 1974

    Utilities & green energy

    • Utilities for property: Trash Collection

    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: $1,546 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
    • Road surface type: Paved
    Services availability
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