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Property Description
Imagine cherishing something so much that you keep it in your family for almost 30 years. Such love is something seldom found in today's society, but this truly special condo has been blessed with seeing several generations of sandy feet, sun kissed shoulders, and lifelong memories created by the same caring family. From the moment you are welcomed inside, you can feel that this one is simply different than the rest. There is a sense of calm and tranquility that washes over you, and you know that you are in a special place where peace and happiness surround you with a warm embrace. This unique condo offers a airy coastal vibe, has incredibly spacious double master suites, partially updated private ensuites, and an open concept dining and living area full of unbelievable natural light and ocean breezes. Simply put, this condo has an aura about it unlike anything else you will find on the beach. Step onto your private back patio overlooking the most unique greenspace found anywhere this close to the sugar white sand. The acres of meticulously manicured grounds take you to a place far away from the daily stress of life. From the peaceful pond with fountains and playful Koi fish, to the turtles frequently caught sunbathing on the banks... you find yourself getting lost in the serene oasis that is Sugar Beach. With incredible pond views and a peekaboo gulf view from both the Master Bedroom and the patio, and being just a few steps to your own private beach, this condo truly offers everything you could ever imagine, and so much more! Convenience is everywhere you look. No elevators, park less than a few steps away from your door, and some of the best entertainment, music, activities, and dining are just outside of this peaceful community - perfectly situated on the Historic Thomas Drive! Park your car when you arrive to paradise, and never touch it again!!! If you are looking for the perfect place to call home, the Sugar Beach community is unlike anything you will find on the beach. This low-rise beach front complex has a true sense of ''family'' - where owners truly know one another and look after each other. From family potluck night, to Superbowl party's, to game night... the Clubhouse is a place where folks come together and create lasting lifelong friendships and memories. And if you are looking for an absolutely amazing investment opportunity, Sugar Beach has everything needed to give you a genuine competitive advantage for generating incredible rental revenue. This unique hidden gem is one of the only remaining pet friendly communities on the beach, which allows owners to bring in $10k-$20k more than neighboring condos. Location, amenities, and convenience... This incredible condo offers a true advantage over all the others, and has the potential to generate well over an 8% annual ROI - based on neighbors ACTUAL rentals, not projections! Do yourself a favor and look at all the other condo communities on the beach. Don't just look at the pictures and prices, actually go to the area and FEEL the location for yourself. Then, come be our guest and visit unit C40. You will forever be changed... Welcome Home!
Full Property Details
Full Property Details for 8727 Thomas Dr #C40
General
- Price: $327,500
- Taxes: $3,644 (2024)
- Status: Active
- Type: Condo
- Source: Bay_County
- MLS ID: 782393
- Updated: Today (1/17/2026)
- Added to Site: Today
Interior
- Number of Rooms: 7
- Appliances: Washer/Dryer Stacked, Electric Oven, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Stacked
Additional Information
- Shared Amenities: Beach Rights, Barbecue, Picnic Area
- Pool: Yes
- Pool Description: Fenced, In Ground, Community
- Tennis: Yes
- Security/Safety: Closed Circuit Camera(s), Gated Community, Security Fence, Security Gate, Smoke Detector(s)
Exterior
- Porch/Patio/Deck: Balcony, Covered, Patio
Parking
- Parking Features: Electric Gate, Paved, Parking Lot, Gated
Location
- County: Bay
- Subdivision: Sugar Beach Condo
- 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
- Community Name: 03 - Bay County - Beach
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Cable Connected, Electricity Available, High Speed Internet Available
Structural Information
- Architectural Style: Low Rise
- Construction: HardiPlank Type
- Roof: Flat
- Stories/Levels: 3
- Sq. Ft. Source: Appraiser
- Year Built: 1974
- Other Struct. Feat.: Dumpster
Additional Structures
- Other Structures: Tennis Court(s)
Lot Features
- Property View: Other
- Lot Dimensions: 0 x 0
- Frontage: City Street
- Zoning: Resid Multi-Family
Financial Considerations
- Tax Amount: $3,644
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: SUGAR BEACH CONDO APT #C-40 2BR 2B 1086 H&C ORB 1733 P 1847
- Property ID: 30189-103-000
Listed by Beachy Beach Real Estate
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Price & Sales History for 8727 Thomas Dr #C40
Date
Details
Price
Change
Source
12/05/2025
Listed
$327,500
—
MLS
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
Tax History for 8727 Thomas Dr #C40
Year
Property Taxes
Change
Tax Assessment
Change
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
—
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
Estimate the Cost for 8727 Thomas Dr #C40
8727 Thomas Drive #C40, Panama City, FL 32408 (MLS# 782393) is a Condo property with 2 bedrooms and 2 full bathrooms. 8727 Thomas Drive #C40 is currently listed for $327,500 and was received on January 17, 2026. Want to learn more about 8727 Thomas Drive #C40? Do you have questions about finding other Condo real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

