8727 Thomas DR #C38 Active Save Request In-Person Tour Request Virtual Tour
Panama City Beach,FL 32408
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,086 sqft
Price per Sqft $363
Subdivision Sugar Beach Condo
MLS Listing ID 769621
Style Low Rise
Bedrooms 2
Full Baths 2
HOA Fees $750/qua
HOA Y/N Yes
Year Built 1974
Annual Tax Amount $4,226
Tax Year 2024
Property Sub-Type Condominium
Property Description
INVESTOR'S DREAM!!! Newly Remodeled (over $35k), one of the only Pet Friendly Vacation Rentals on the Beach, park just a Few Feet from your door (no elevators!), Sleeps 8, INCREDIBLE ROI potential, gated community, and located in one of the most Highly sought after locations on the beach... The PERFECT condo truly does exist!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 soon opening 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 every other rental in PCB... It is one of the only PET FRIENDLY Gulf-front destinations in the entire area. Years of market data shows that pet friendly options bring a higher nightly rate, have a better occupancy 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 $40k annually in rentals, and some of the well-established ones bring in over $70k. At the high end your annual ROI potential is truly limitless!!!
Location
State FL
County Bay
Community Barbecue,Beach,Clubhouse,Laundry Facilities,Other,See Remarks,Short Term Rental Allowed,Tennis Court(S),Waterfront,Gated,Pool,Sidewalks
Area 03 - Bay County - Beach
Interior
Interior Features Split Bedrooms
Heating Central,ENERGY STAR Qualified Equipment
Cooling Central Air,ENERGY STAR Qualified Equipment
Furnishings Furnished
Fireplace No
Appliance Dryer,Washer/Dryer Stacked,Dishwasher,Electric Oven,Disposal,Refrigerator
Laundry Stacked
Exterior
Exterior Feature Built-in Barbecue,Balcony,Patio
Parking Features Additional Parking,Parking Lot
Fence Full
Pool Fenced,In Ground,Pool,Community
Community Features Barbecue,Beach,Clubhouse,Laundry Facilities,Other,See Remarks,Short Term Rental Allowed,Tennis Court(s),Waterfront,Gated,Pool,Sidewalks
Utilities Available Trash Collection
Amenities Available Beach Rights,Gated,Picnic Area
Waterfront Description Lake,Lake Front,Other,Shoreline - Sand,Waterfront
View Y/N Yes
Water Access Desc Lake,Lake Front,Other,Shoreline - Sand,Waterfront
View Gulf,Lake
Roof Type Flat
Porch Balcony,Open,Porch
Building
Lot Description Landscaped,Waterfront
Story 3
Architectural Style Low Rise
Additional Building Tennis Court(s),Pool House
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
HOA Fee Include Clubhouse,Cable TV,Maintenance Grounds,Other,Pool(s),Sewer,See Remarks,Security,Tennis Courts,Trash,Water
Tax ID 30189-101-000
Security Features Gated Community,24 Hour Security,Smoke Detector(s),Security Service
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Listed As-Is