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8727 Thomas Drive #UNIT C6, Panama City Beach, FL 32408
$375,000
8727 Thomas Drive #UNIT C6, Panama City Beach, FL 32408View this property at 8727 Thomas Drive #UNIT C6, Panama City Beach, FL 32408
8727 Thomas Drive #UNIT C6Panama City BeachFL32408
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Property Description
The Investor's Trifecta!!! LOWEST OVERALL PRICE, LOWEST Sq/Ft PRICE, and LOWEST HOA's of all the 2 Bedroom / 2 Bathroom comps located on the beach! This is one of only 2 condos in town that can claim to offer all of these incredible perks! If a 12% ROI potential doesn't get your attention, maybe a $25k annual appreciation will. That's right... over the past 21 years, 2 bedroom / 2 bath condos in PCB have averaged a 6.4% annual gain in value due to simple appreciation!Lets 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 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 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 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! The average 2 bedroom in Sugar Beach brings in over $50k annually in rentals, and some of the well-established ones bring in over $70k. At the high end your annual ROI would be well over 12% on a financed purchase - which is unheard of nowadays. It isn't often that someone loves a condo so much that they keep it in their family over 10 years, but one step into the paradise that is Sugar Beach, and you will immediately understand why this condo has been cherished by the same family for so long! Welcome Home!
Full Property Details
Full Property Details for 8727 Thomas Dr #UNIT C6
General
- Sold For: $375,000
- Status: Closed
- Type: Condo /Townhouse
- MLS ID: 935608
- Added to Site: 211 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 key pad, pull in to the complex and turn right. Follow the perimeter around to the backside of the complex. Unit #C6 will be on the left - top floor - directly after the narrow section of the parking lot and office.
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: 117
Lot Features
- Property View: Gulf, Pond
Water Features
- Water Front Type: Gulf, Pond, Unit Waterfront
Financial Considerations
- Assessment Amount: $1,584
- Assmt Payment Freq: Quarterly
- Terms: Conventional, FHA, VA
Disclosures and Reports
- Legal Description: SUGAR BEACH CONDO APT #C-6 2BR 2B 1086 H&C ORB 3458 P 1307
- Assessment: Yes
- APN: 30189-042-000
Listed by Beachy Beach Real Estate
Sold by ECN - Unknown Office
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Schools
Schools serving 8727 Thomas Dr #UNIT C6
School District:Bay District Schools
Rating | Name | Grades | Distance |
---|---|---|---|
601 N Richard Jackson Blvd, P C Beach, FL 32407 | PK-8 | 2.6 mi | |
550 N Alf Coleman Rd, P C Beach, FL 32407 | 9-12 | 2.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
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 C6
Date
Details
Price
Change
Source
1/29/2024
Sold
$375,000
-6.02%
MLS
10/30/2023
Listed
$399,000
—
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 C6, Panama City Beach, FL 32408 (MLS# 935608) is a Condo / Townhouse property that was sold at $375,000 on January 29, 2024. Want to learn more about 8727 Thomas Drive #UNIT C6? 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.