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$394,800

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2 Beds

2 Baths

1,086 SqFt

Active

8727 Thomas DR #C38 Panama City Beach, FL 32408

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Lee Ann Swartzentruber

leeann@epique.me +1(850) 774-3186

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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 $2,252/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

Listed by Beachy Beach Real Estate

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Lee Ann Swartzentruber

Licensed FL Agent / Team Lead | License ID: 3285613

+1(850) 774-3186

8727 Thomas DR #C38 Panama City Beach, FL 32408

Lee Ann Swartzentruber

Key Details

Location

Interior

Exterior

Building

Schools

Others

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8727 Thomas DR #C38