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$331,586
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Property Description
LOWSET HOA's of all the comps, and one of the top 3 LOWEST Priced comps on the beach!!! INVESTOR'S DREAM!!! Newly Remodeled (over $35k), one of the only Pet Friendly Vacation Rentals on the Beach, park just a Few Feet from your door (no elevators!), Sleeps 8, INCREDIBLE ROI potential, and located in one of the most Highly sought after locations on the beach... The PERFECT condo truly does exist!Booked all Summer for an immediate return on your investment!!!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. 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 soon opening it's very first beach bar 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 every other rental in PCB... It is one of the only PET FRIENDLY Gulf-front destinations in the entire area. Years of market data shows that pet friendly options bring a higher nightly rate, have a better occupancy 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! The average 2 bedroom in Sugar Beach brings in over $40k annually in rentals, and some of the well-established ones bring in over $70k. At the high end your annual ROI potential is truly limitless!!!
Full Property Details
Full Property Details for 8727 Thomas Dr #UNIT C38
General
- Sold For: $331,586
- Taxes: $4,226 (2024)
- Status: Closed
- Type: Condo /Townhouse
- Source: Emerald_Coast
- MLS ID: 971151
- Added to Site: 309 day(s) ago
Interior
- Rooms/Areas: Balcony, Bedroom, Full Bathroom, Kitchen, Living Room, Master Bathroom, Master Bedroom
- Interior Features: Floor Tile, Furnished - All, Lighting Recessed, Owner's Closet, Renovated, Split Bedroom, Washer/Dryer Hookup, Window Treatment All, Woodwork Painted
- Appliances: Cooktop, Dishwasher, Dryer, Microwave, Oven Self Cleaning, Range Hood, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Living Room: Living Room
- Kitchen: Kitchen
Additional Information
- Shared Amenities: BBQ Pit/Grill, Beach, Community Room, Dumpster, Game Room, Gated Community, Laundry, Pets Allowed, Pickle Ball, Picnic Area, Pool, Short Term Rental - Allowed, Tennis, TV Cable, Waterfront
- Pool: Yes
Exterior
- Exterior Features: Balcony, BBQ Pit/Grill, Deck Covered, Fenced Lot-All, Patio Covered, Pool - House, Pool - In-Ground, Porch, Renovated, Shower, Tennis Court
- Patio/Balcony: Balcony
Location
- Area: 27 - Bay County
- County: Bay
- Subdivision: Sugar Beach Condominiums
- Driving Directions: 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 and C38 will be directly in front of you on the 2nd floor - just 15 steps from your car!!!
School Information
- Elementary School: Breakfast Point
- Middle School: Breakfast Point
- High School: Arnold
Heating & Cooling
- Heating/Cooling: AC - Central Elect, Ceiling Fans, Water Heater - Elect
Utilities
- Utility Description: Electric, Public Sewer, Public Water, TV Cable
Structural Information
- Construction: Roof Flat, Slab, Stucco
- Stories/Levels: 0
- Stories in Building: 3
- Square Feet: 1,086
- Sq. Ft. Source: Condo Docs
- Year Built: 1974
Unit Information
- Units in Building: 119
Water Features
- Water Front Type: Gulf, Pond, Unit Waterfront
Financial Considerations
- Assessment Amount: $2,252
- Assmt Payment Freq: Quarterly
- Tax Amount: $4,226
- Tax Year: 2024
- Terms: Conventional, FHA, VA
Disclosures and Reports
- Legal Description: SUGAR BEACH CONDO APT #C-38 2BR 2B 1086 H&C ORB 4720 P 572
- Assessment: Yes
- APN: 30189-101-000
Listed and Sold by Beachy Beach Real Estate
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Schools
Schools serving 8727 Thomas Dr #UNIT C38
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Breakfast Point Academy 601 N Richard Jackson Boulevard, Panama City Beach, FL 32407 | K-8 | 2.1 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8727 Thomas Dr #UNIT C38
Date
Details
Price
Change
Source
9/17/2025
Sold
$331,586
-6.6%
MLS
8/08/2025
Price Reduced
$355,000
-5.33%
MLS
6/27/2025
Price Reduced
$375,000
-2.85%
MLS
5/30/2025
Price Reduced
$386,000
-2.18%
MLS
5/23/2025
Price Reduced
$394,600
-0.03%
MLS
5/16/2025
Price Reduced
$394,700
-0.03%
MLS
5/09/2025
Price Reduced
$394,800
-0.03%
MLS
5/02/2025
Price Reduced
$394,900
-0.03%
MLS
3/14/2025
Listed
$395,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8727 Thomas Drive #UNIT C38, Panama City Beach, FL 32408 (MLS# 971151) is a Condo / Townhouse property that was sold at $331,586 on September 17, 2025. Want to learn more about 8727 Thomas Drive #UNIT C38? Do you have questions about finding other Condo / Townhouse real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

