8727 Thomas DR #UNIT C40 Panama City Beach, FL 32408
UPDATED:
Key Details
Sold Price $265,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,086 sqft
Price per Sqft $244
Subdivision Sugar Beach T/H
MLS Listing ID 995062
Sold Date 05/29/26
Bedrooms 2
Full Baths 2
HOA Y/N Yes
Year Built 1974
Annual Tax Amount $3,735
Tax Year 2025
Property Sub-Type Condominium
Source Emerald Coast Association of REALTORS®
Land Area 1086
Property Description
This is now the LOWEST PRICED low rise 2 bedroom condo on the entire beach - meaning someone is fixing to get a steal of a deal!!!
New furniture in both bedrooms, newly updated bathroom vanities and toilets, and new hurricane sliding doors and windows.
Seller has owned the unit 30 years and has very seldom rented it - meaning it has been INCREDIBLY well cared for compared to the full time rentals. One of the only pet friendly complexes on the entire beach (meaning extreme competitive advantage on rentals), no elevators, no streets to cross, private 375 feet of white sandy beach access, and the absolute BEST location in town (just a few seconds to the highly anticipated new Tootsies Beach Bar, restaurants, go karts, mini golf, dining, and the best bars in town).
New LVP flooring throughout has been quoted at $5k, new couch and love seat at $1,500, new appliances at $1,700, and a little paint - and this place will be COMPLETELY TRANSFORMED and ready to kill it on rentals. The needed updates have been factored into the price, and this one will be grabbed up quick with the new reduction!
The next door neighbor (same views/floorplan) does over $60k a year on her unit, so needless to say, the potential at this price is UNLIMITED!!!
Don't be that person that says ''I wish I would have...'' a few years from now. Grab this one now at an unbelievable price, make it your own for less than $9k, and enjoy the incredible income for years to come!!!
Location
State FL
County Bay
Community Short Term Rental - Allowed, Pickle Ball, Bbq Pit/Grill, Beach, Community Room, Dumpster, Laundry, Pets Allowed, Picnic Area, Pool, Tennis, Tv Cable, Waterfront
Area 27 - Bay County
Direction Traveling East on Thomas Dr, turn right on Joan Avenue at the stoplight. The gated entrance to Sugar Beach will be immediately on the right. Enter the gate code at the keypad, pull in to the complex, turn right, and C40 will be just in front of you on the right, 3rd floor, no elevators, and just a few feet from your car!!!
Rooms
Primary Bedroom Level Main
Master Bedroom true
Kitchen true
Interior
Interior Features Owner's Closet, Split Bedroom, Washer/Dryer Hookup
Heating Central
Cooling Ceiling Fans, Central Air
Flooring Floor Tile
Furnishings Furnished - All
Window Features Window Treatment All
Appliance Dishwasher, Dryer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
Exterior
Exterior Feature Balcony, BBQ Pit/Grill, Tennis Court, In-Ground Pool, BBQ / Grill, Balcony
Pool Pool - In-Ground, Pool Type
Community Features Short Term Rental - Allowed, Pickle Ball, BBQ Pit/Grill, Beach, Community Room, Dumpster, Laundry, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable, Waterfront
Utilities Available Electric, Public Water, TV Cable
Waterfront Description Pond
View Pond, Gulf
Roof Type Membrane
Accessibility 1
Garage No
Building
Faces Traveling East on Thomas Dr, turn right on Joan Avenue at the stoplight. The gated entrance to Sugar Beach will be immediately on the right. Enter the gate code at the keypad, pull in to the complex, turn right, and C40 will be just in front of you on the right, 3rd floor, no elevators, and just a few feet from your car!!!
Foundation Slab
Sewer Public Sewer
New Construction No
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
Pets Allowed No
HOA Fee Include Ground Keeping,Management,Sewer,Water,Cable TV,Trash
Tax ID 30189-103-000
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION