8727 Thomas DR #UNIT B17 Panama City Beach, FL 32408
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Pending
Purchase Type For Sale
Square Footage 1,512 sqft
Price per Sqft $296
Subdivision Sugar Beach T/H
MLS Listing ID 995132
Bedrooms 3
Full Baths 3
HOA Y/N Yes
Year Built 1974
Annual Tax Amount $4,937
Tax Year 2025
Property Sub-Type Condominium
Source Emerald Coast Association of REALTORS®
Land Area 1512
Property Description
LOWEST OVERALL PRICE, LOWEST Sq/Ft PRICE, and some of the LOWEST HOA's of all the 3 Bedroom / 3 Bathroom condos located on the beach! This is the ONLY condo in town that offers all 3!
And when you consider that highly anticipated development is taking place on both sides of the complex - this truly is the right opportunity, in the right location, at the right price, at EXACTLY the right time!!! Let's look at the facts...
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 being just a few short feet to your very own private Beach Access - this condo does not disappoint. What they don't expect is to also have an incredible view over an expansive courtyard that is so well 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, etc. - directly in front of the property.
For the adults, there are numerous bars/restaurants, and countless options for live music, right outside your door - including the Famous Ms. Newby's! No need to drive after those adult beverages, your condo is perfectly located just a few seconds away!!!
And did I mention that Tootsies is looking to open its very first beach bar just 2 doors down? How about the highly anticipated Margaritaville a few doors down the other direction?!? 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 CERTAINLY 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!
The average 3 bedroom in Sugar Beach brings in over $65k annually in rentals, and some of the well-established ones bring in over $80k. At the high end your annual ROI would be well over 11% on a financed purchase - which is unheard of nowadays.
Welcome Home!
Location
State FL
County Bay
Community Short Term Rental - Allowed, Pickle Ball, Bbq Pit/Grill, Beach, Community Room, Dumpster, Gated Community, Laundry, Pets Allowed, Picnic Area, 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,
Rooms
Primary Bedroom Level Upper
Master Bedroom true
Kitchen true
Interior
Interior Features Lighting Recessed, Owner's Closet, Split Bedroom, Washer/Dryer Hookup
Heating Central
Cooling Central Air
Flooring Floor Laminate, Floor Tile
Furnishings Furnished - All
Window Features Window Treatment All,Double Pane Windows
Appliance Dishwasher, Dryer, Microwave, Refrigerator, Smoke Detector, 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, Gated Community, Laundry, Pets Allowed, Picnic Area, Tennis, TV Cable, Waterfront
Utilities Available Electric, Public Water, TV Cable
Waterfront Description Unit Waterfront,Lake,Pond
View Pond, Lake, Gulf
Roof Type Membrane
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,
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,Other Utilities,Security,Sewer,Water,Cable TV,Trash
Tax ID 30189-035-000
NEARBY SCHOOL & BUSINESS
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