$398,900
8727 Thomas Drive, C8
Panama City Beach, FL 32408
MLS# 733992
Status: Under Contract - Taking Backups
2 beds  |  2 baths  |  1086 sqft


8727 Thomas Drive, C8, Panama City Beach, FL 32408
  1 / 42  
8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408 8727 Thomas Drive, C8, Panama City Beach, FL 32408

Property Description
LOWEST PRICED 2 bedroom / 2 bath GULF VIEW condo in ALL OF PCB!!! Interest Rates got you down? Thinking you can't make a solid return on your investment if you buy an investment property at today's interest rates? Good news... I've got you covered! This is the LOWEST PRICED GULF VIEW 2 BED / 2 BATH CONDO IN PCB without needing an elevator! Investors Dream - Unbelievable ROI Potential!!! Sugar Beach is truly a hidden gem where time stands still, and lifelong memories are made with family and friends! The serene gulf and private pond views from the Master Bedroom and Balcony are truly awe inspiring, and the world-renowned action of Thomas Drive can easily be experienced from your 2nd floor front balcony.

Details
Maps
Contract Info
Status: Under Contract - Taking Backups
List Date: 2022-10-18
List Price: $398,900
List Price/SqFt: 367.31
Current Price: $398,900
Location
Area: 03 - Bay County - Beach
Street #: 8727
Street Name: Thomas
Street Suffix: Drive
Unit #: C8
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 - Beach - South of Grand Lagoon
Subdivision: Sugar Beach Condo
Community/Resort: None
Waterfront: No
Parcel ID: 30189-044-000
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
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 fence around to the back side of the complex. When you see the complex Exit gate on your right, immediately look left and you will see C8 on the 2nd floor.
Legal Description: SUGAR BEACH CONDO APT #C-8 2BR 2B 1086 H&C ORB 435 P 268 . ORB 4409 P 1066
General Property Info
Sub-Type: Condominium
Design: Low-Rise (1-3 floors)
Apx SqFt(Htd/Cooled): 1086
SqFt Source: Builders Plans
Bedrooms: 2
Full Baths: 2
Total Baths: 2
# of Stories in Building: 3
Floor Number: 2
# of Units in Bldg: 119
Year Built: 1974
Immediate Occupancy: Yes
Construction Status: Construction Complete
Garage Y/N: No
Lot Dimensions: 0x0
Beach Frontage: 375
Listing Info, Tax and Legal
Homestead: No
HOA Fee: Yes
HOA Amount: 1383.39
HOA Frequency: Quarterly
HOA Annual Amount: 5533.56
New Buyer Fee: No
Last Taxes: 2300
Last Tax Year: 2021
Brokerage Interest: No Interest
As Is: Yes
Condo Doc: Yes
Status Change Info
Under Contract Date: 2023-01-17
Waterfront Feature
Waterfront Feet: 375' Private Access
Property Features
Appliances: Dishwasher; Disposal; Freezer; Ice Maker; Microwave; Oven - Electric; Range - Electric; Refrigerator; Washer/Dryer Stacked; Water Heater - Electric
Full Bathroom: First
Master Bedroom: First
Bedroom: First
Construction/Siding: Concrete; Roof - Flat
Cooling: Ceiling Fan(s); Central Air
Heating: Central
Exterior: Balcony; BBQ Pit/Grill; Dumpster; Fenced Lot-All; Patio Covered; Pool; Storm Windows; Tinted Windows
Fees Include: BBQ Pit/Grill; Beach; Community Room; Gated Community; Ground Keeping; Handball; Laundry; Management; Pets; Picnic Area; Pool; Security; Sewer; Tennis; Trash Disposal; TV Cable; Water
Financing: Cash; Conventional; FHA; VA
Furnished: Furnished - All
Interior Features: Breakfast Bar; Floor Vinyl Plank; Lighting Recessed; Lockout-Closet; Newly Painted; Owner's Closet; Renovated; Smart Thermostat; Split Bedroom; Washer/Dryer Hookup; Window Treatment All
Living Room: First
Lot Features: Coastal Construction Control Line; Dedicated Beach; Front Footage; Landscaped; Near Beach Access; Waterfront; Within 1/2 Mile to Water
Lot Access: City Road; Paved Road
Mstr Bdrm/Mstr Bath: MBath Shower/Tub Combo; MBath Tile; MBed Balcony; MBed First Floor
Master Bathroom: First
Deck/Patio: First
Pool Features: Fenced; Inground; Pool House; Public
Security Features: 24 Hour Security; Gated Community; Security Fence; Security Gate; Security Lights; Smoke Detector(s); Varies By Unit (SecurityFeatures)
Parking Features: Additional Parking; Decal Required; Gated; Guest
Other Structures: Pool House; Storage; Tennis Court(s)
Project Facilities: BBQ Pit/Grill; Beach; Community Pools; Community Room; Dumpster; Gated Community; Handball; Laundry; Owner's Pets Allowed; Pets Allowed; Picnic Area; Pool; Security-24 hour; Security-Gate; Security-Lights; Short Term Rental Allowed; Tennis; TV Cable; Waterfront
Rooms: Bedroom; Deck/Patio; Full Bathroom; Kitchen; Living Room; Master Bathroom; Master Bedroom
Sale Type: As Is
Utilities: All Utilities; Community Sewer; Community Water; Electric; Internet - Broadband Available; Phone; TV Cable; Water - Available; Yard Maintenance
Waterfront Feature: Shore - Beach
Waterview: Gulf; Pond
Present Zoning: Resid Multi-Family; Resid Single Family
Supplements
2 bed/2 bath condos in Sugar Beach are true rental machines, and this one is sure to be no exception. This unit is turnkey, has been 80% remodeled within the past year, and is ready to put some serious money into your bank account today! This amazing condo boasts beautiful LVP flooring throughout, and brand new furniture in both the living room and secondary bedroom. The kitchen will take your breath away with its brand-new high-end shaker style cabinetry with soft close doors, stylish white/grey granite counter tops, and a backsplash that ties everything together and completes the perfect picture! The average 2-bedroom condo in Sugar Beach brings in over $45k annually in rentals, and some of the well established ones bring in over $75k. At the high end... your annual ROI would be well over 30% on a financed purchase - which is unheard of nowadays! And even as you are getting established and building your client base, you would still be enjoying a 1.5% ROI - plus appreciation and equity gains (which is way better than banks, crypto, and the stock market offers right now)!!! Financed Purchase @ $45k Rentals = 1.5% ROI Financed Purchase @ $75k Rentals = 33% ROI Cash Purchase @ $45k Rentals = 7% ROI Cash Purchase @ $75k Rentals = 14% ROI Now you can see... this one is a steal at this price!!! Sugar Beach has everything you could ask for to ensure enormous rental income. It is one of the few remaining pet friendly vacation destinations in PCB - which is a HUGE amenity for renters (giving you a truly competitive advantage). Gated community, no elevators, park directly at your door, private gated beach access, pool, tennis, shuffleboard, grilling area, huge koi/turtle pond right out your back door, countless nearby restaurants/activities, and the list goes on! Welcome home to Paradise!!! *Low quarterly HOA Fees include water, trash, cable, exterior insurance, grounds keeping, 24 hour video surveillance, community amenities (pool, tennis court x 2, shuffleboard, Koi pond, community room/kitchen, ping pong), on site maintenance 8 hours daily, onsite property management Mon-Fri, and private gated beach access. *Measurements are approximate, buyer to verify if needed*
Room Information
Room Name Level Dimensions Length Width Dimensions
Master BedroomFirst15 x 1415.0014.0015 x 14
BedroomFirst13 x 1213.0012.0013 x 12
Master BathroomFirst8 x 88.008.008 x 8
Full BathroomFirst8 x 68.006.008 x 6
Kitchen9 x 89.008.009 x 8
Living RoomFirst21 x 1321.0013.0021 x 13
Deck/PatioFirst15 x 815.008.0015 x 8

Listing Office: Beachy Beach Real Estate

Last Updated: January - 17 - 2023


The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.