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$299,000 Sale Pending

  • For Sale
  • Pending
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,086 Sq. Ft.
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INVESTOR'S DREAM!!! 7%+ Annual ROI based on ACTUAL average complex rentals, UNBELIEVABLE 15% ROI on the high end of rentals! 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!!!

Full Property Details for 8727 Thomas Dr #UNIT C40

General

  • Price: $299,000
  • Taxes: $3,735 (2025)
  • Status: Pending
  • Type: Condo
  • Source: Emerald_Coast
  • MLS ID: 995062
  • Updated: 4/20/2026
  • Added to Site: 104 day(s) ago

Rental Information

  • Complex Features: Short Term Rental - Allowed, Pickle Ball, BBQ Pit/Grill, Beach, Community Room, Dumpster, Laundry, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable, Waterfront

Interior

  • Number of Rooms: 7
  • Interior Features: Owner's Closet, Split Bedroom, Washer/Dryer Hookup
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
  • Furnishings: Furnished - All
  • Flooring: Floor Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Pool: Yes
  • Pool Description: Pool - In-Ground, Pool Type

Exterior

  • Exterior Features: Balcony, BBQ Pit/Grill, Tennis Court

Location

  • Area: 27 - Bay County
  • County: Bay
  • Subdivision: SUGAR BEACH T/H
  • 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, 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!!!

School Information

  • Elementary School: Breakfast Point
  • Middle School: Breakfast Point
  • High School: Arnold

Community

  • Association: Yes
  • Assoc. Fees Include: Ground Keeping, Management, Sewer, Water, Cable TV, Trash

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fans, Central Air
  • Heating Type: Central
  • Heating/Cooling: Central, Ceiling Fans, Central Air

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electric, Public Water, TV Cable

Structural Information

  • Construction: Stucco
  • Exterior Const.: Stucco
  • Stories/Levels: 3
  • Square Feet: 1,086
  • Sq. Ft. Source: County PA Records
  • Year Built: 1974

Lot Features

  • Property View: Pond, Gulf

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Type: Pond

Financial Considerations

  • Assessment Amount: $2,252
  • Tax Amount: $3,735.19
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: SUGAR BEACH CONDO APT #C-40 2BR 2B 1086 H&C ORB 1733 P 1847
  • APN: 30189-103-000
  • Property ID: 30189-103-000

Listed by Beachy Beach Real Estate

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— 8727 Thomas Dr #UNIT C40 —

  • Beachy Beach Real Estate

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 8727 Thomas Dr #UNIT C40 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/13/2026
Price Reduced
$299,000
-6.78%
MLS
2/20/2026
Price Reduced
$320,750
-1.04%
MLS
2/13/2026
Price Reduced
$324,125
-1.03%
MLS
2/11/2026
Listed
$327,500
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 8727 Thomas Dr #UNIT C40

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,073
-16%
$318,750
-3%
2024
$3,644
6%
$327,525
-1%
2023
$3,450
50%
$331,500
77%
2021
$2,300
-9%
$187,000
-15%
2022
$2,515
9%
$218,875
29%
2021
$2,300
33%
$170,000
27%
2019
$1,724
-9%
$134,385
-3%
2018
$1,898
28%
$138,848
9%
2017
$1,481
10%
$127,500
11%
2016
$1,346
4%
$114,750
7%
2015
$1,294
9%
$106,800
9%
2014
$1,185
10%
$97,750
—
2013
$1,075
—
$97,750
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 8727 Thomas Dr #UNIT C40

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Beachy Beach Real Estate

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8727 Thomas Drive #UNIT C40, Panama City Beach, FL 32408 (MLS# 995062) is a Condo property with 2 bedrooms and 2 full bathrooms. 8727 Thomas Drive #UNIT C40 is currently listed for $299,000 and was received on February 11, 2026. Want to learn more about 8727 Thomas Drive #UNIT C40? Do you have questions about finding other Condo 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.

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