8727 Thomas Drive C21, Panama City Beach, FL 32408 (MLS# 784193)

HOA Fee: Yes

HOA Amount: 2250.18

HOA Frequency: Quarterly

HOA Annual Amount: 9000.72

New Buyer Fee: No

Last Taxes: 5862

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Condo Doc: Yes

List Price/SqFt: 506.45

Status: Active

List Date: 2026-01-26

List Price: $550,000

Current Price: $550,000

Unit #: C21

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: Yes

Gulf Access: Yes

Elementary School: Breakfast Point

Middle School: Breakfast Point

High School: Arnold

Directions: From Thomas Drive, turn south toward the beach at the Joan Avenue light. Turn right into the gated Sugar Beach entrance and enter the access code. Once through the gate, turn left and continue to the very end of the parking lot. Unit C21 is Gulf-front on the 3rd floor.

Area: 03 - Bay County - Beach

Street #: 8727

Street Name: Thomas

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Sugar Beach Condo

Parcel ID: 30189-057-000

Legal Description: SUGAR BEACH CONDO APT #C-21 ORB 435 P 268 2BR 2B 1086 H&C ORB 4719 P 1425

Floor Number: 3

Design: Low-Rise (1-3 floors)

Apx SqFt(Htd/Cooled): 1086

Construction Status: Construction Complete

SqFt Source: Prop App Site

Lot Dimensions: 0x0

New Construction: No

Garage Y/N: No

Pool: Yes

Pool Type: Community

Sub-Type: Condominium

Bedrooms: 2

Full Baths: 2

Total Baths: 2

Year Built: 1974

Remarks: Perched on the top floor of Sugar Beach Condominiums, Unit C21 delivers the rare combination buyers and renters crave most: true Gulf-front living, peaceful privacy, and walk-everywhere convenience. Chosen specifically for its oceanfront position and quiet setting, this fully updated 2-bedroom, 2-bath condo offers unobstructed Gulf views, vibrant sunsets, and the simple luxury of knowing no one is above you. Inside, the condo has been thoughtfully refreshed with upgrades that enhance both comfort and performance, including updated paint and lighting, HVAC, a dedicated dehumidifier system, newer windows and doors, smart TVs, an electric fireplace, and fully stocked kitchenware and furnishings. The space is bright, coastal, and calming. It is a place the owners describe as one that simply ''brings a lot of happiness'' and truly ''suits everyone.'' Step out onto the private Gulf-front balcony and take in sweeping water views, coastal breezes, and sunsets that never get old. Sugar Beach itself is known for its private, gated, peaceful, and family-oriented atmosphere, blending full-time residents with vacationers in a way that feels welcoming and relaxed. The community offers over 375 feet of private deeded beachfront, along with private beach access, a pool, clubhouse, tennis and pickleball courts, grilling areas, and beautifully landscaped grounds centered around the iconic koi and turtle pond. It's a resort-style setting without the congestion of high-rise living. No elevators, easy parking, and a quieter, more personal feel. Owners also benefit from some of the lowest HOA fees on Panama City Beach, which plays a major role in the long-term value and profitability of the property. One of the biggest highlights is the walkability. From the front gate, you're steps to a wide variety of restaurants, beach bars, live music venues, family attractions, shopping, arcades, mini golf, and entertainment along Thomas Drive. The excitement is only growing with Tootsies Orchid Lounge set to open just a few doors down, bringing a high-energy Nashville-style music scene right to your neighborhood, all without needing to drive. Whether you're looking for a serene personal retreat, a second home, or a proven short-term rental, this condo delivers. Sugar Beach is one of the only Gulf-front communities in PCB that allows pets, a major advantage that consistently drives higher demand and stronger occupancy. Unit C21 has averaged approximately $50,000-$60,000 annually in gross rental income without aggressive management, with seasonal nightly rates ranging from $250-$400 per night. When you combine Gulf-front location, top-floor privacy, low HOA fees, pet-friendly flexibility, and walkable entertainment, the ROI here simply makes sense. (Other units have done over $60k/$70k aggressively) Top floor. Gulf front. Quiet. Walkable. Proven. Unit C21 isn't just a condo. It's a lifestyle that keeps guests returning and owners smiling long after the sand is rinsed off.

Fenced: 1

Inground: 1

Pool House: 1

Cooktop - Electric: 1

Dishwasher: 1

Disposal: 1

Microwave: 1

Oven - Electric: 1

Refrigerator: 1

Washer/Dryer Stacked: 1

Water Heater - Electric: 1

Ceiling - Beamed: 1

Fireplace: 1

Floor - Tile: 1

Floor - Vinyl Plank: 1

Concrete: 1

Roof - Flat: 1

Balcony: 1

Shore - Beach: 1

Waterfront Feet: 375' Private Access

Pool House: 1

Tennis Court(s): 1

BBQ Pit/Grill: 1

Community Room: 1

Dumpster: 1

Gated Community: 1

Ground Keeping: 1

Picnic Area: 1

Pool: 1

Security: 1

Sewer: 1

Tennis: 1

Trash Disposal: 1

TV Cable: 1

Water: 1

Cash: 1

Conventional: 1

Furnished: 1

First: 1

Coastal Construction Control Line: 1

Covenants & Rescrictions: 1

Dedicated Beach: 1

Landscaped: 1

Near Beach Access: 1

Sidewalk: 1

Waterfront: 1

Within 1/2 Mile to Water: 1

City Street: 1

Gated Access: 1

Paved Road: 1

Additional Parking: 1

Parking Lot: 1

Paved: 1

MBath Shower Only: 1

MBed Balcony: 1

Resid Multi-Family: 1

Resid Single Family: 1

BBQ Pit/Grill: 1

Community Room: 1

Dumpster: 1

Gated Community: 1

Laundry: 1

Picnic Area: 1

Pool: 1

Security-24 hour: 1

Tennis: 1

Waterfront: 1

Pickle Ball: 1

Shuffleboard Court: 1

Sidewalks: 1

Bedroom: 1

Living Room: 1

Master Bedroom: 1

Cable - Available: 1

Electricity - Connected: 1

Garbage: 1

Internet - Broadband Available: 1

Phone - Connected: 1

Public Water - Connected: 1

Gulf: 1

As Is: 1

Gulf: 1

First: 1

First: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

Fireplace - Electric: 1

24 Hour Security: 1

Gated Community: 1

Security Gate: 1

Security Lights: 1

Smoke Detector(s): 1