Panama City Beach, FL 32408,8727 Thomas DR #B14
Panama City Beach, FL 32408,8727 Thomas DR #B14
Panama City Beach, FL 32408,8727 Thomas DR #B14
Panama City Beach, FL 32408,8727 Thomas DR #B14
Panama City Beach, FL 32408,8727 Thomas DR #B14
Panama City Beach, FL 32408,8727 Thomas DR #B14
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$523,000

$540,000

3.1%
Est.Price: ?

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Est. payment /mo

3 Beds

3 Baths

1,512 SqFt


SOLD DATE : 07/05/2023

Key Details

Sold Price $523,000

Property Type Condo

Sub Type Condominium

Listing Status Sold

Purchase Type For Sale

Square Footage 1,512 sqft

Price per Sqft $345

Subdivision Sugar Beach Condo

MLS Listing ID 740489

Sold Date 07/05/23

Style Low Rise

Bedrooms 3

Full Baths 3

HOA Fees $726/qua

HOA Y/N Yes

Year Built 1974

Annual Tax Amount $3,075

Tax Year 2022

Property Description

If an 8% Return on Investment (ROI) sounds too good to be true, I challenge you to give me just a few seconds to change your mind...A seasoned investor knows to base their decisions on facts and solid data (not projections), and this incredible property has already grossed $52k since last June, and with current bookings/open opportunities, it is well on pace to exceed $70k in the previous 12 months. What makes this all the more impressive is the fact that this is the unit's first full year on the rental market, and it is only getting started!So why is this one different from all the others in PCB?Success in business is all about Competitive Advantage, and Sugar Beach offers something that differentiates itself from everyone else in PCB... It is one of the only pet friendly Gulf front rental destinations in the entire area. Years of market data shows that pet friendly options bring a higher nightly rate, have a better vacancy 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, tennis/pickleball courts, shuffleboard, a grilling area, a huge koi/turtle pond right out your back door, countless nearby restaurants/activities, over 375 feet of incredible beach access, and the list goes on!If the uniqueness of the property isn't enough to win your heart, just wait till you take a look inside what is destined to become your Gulf View condo...This amazing rental machine boasts a beautiful kitchen with stainless steel appliances, and it overlooks the breakfast bar, the living room, and the beautiful greenspace located right outside of your 2 back patios.The downstairs living area is well equipped with durable tile flooring, while the upstairs living areas and bedrooms are tastefully decorated with coastal style LVP flooring. The 3 well positioned bathrooms have updated toilets, vanities, and decor, and the entire condo is thoughtfully decorated with stylish furniture and decor.This incredible condo has everything you need to comfortably sleep 8, but when it's time to explore the sugar white sands of PCB, simply head out your back door to the private beach access - just a few feet away!After watching some of the world's most awe-inspiring sunsets on the beach or from your back patio, head out front to 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 your front door - and you don't need any vehicles to enjoy the best that PCB has to offer because of this condo's incredible location!When it comes to successful vacation rentals, it's all about location, location, location - and this condo is in the heart of everything you might want for creating unforgettable memories.

Location

State FL

County Bay

Community Barbecue, Beach, Clubhouse, Game Room, Laundry Facilities, Other, Park, See Remarks, Short Term Rental Allowed, Tennis Court(S), Waterfront, Gated, Pool, Sidewalks

Area 03 - Bay County - Beach

Interior

Interior Features Breakfast Bar, Smart Thermostat

Heating Central

Cooling Central Air, Ceiling Fan(s)

Furnishings Furnished

Fireplace No

Appliance Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Microwave, Refrigerator

Laundry Washer Hookup, Dryer Hookup

Exterior

Exterior Feature Built-in Barbecue, Balcony, Outdoor Shower, Pool

Parking Features Electric Gate, Gated, Open, Paved, Parking Lot

Fence Full

Pool Fenced, In Ground, Private, Community, Pool

Community Features Barbecue, Beach, Clubhouse, Game Room, Laundry Facilities, Other, Park, See Remarks, Short Term Rental Allowed, Tennis Court(s), Waterfront, Gated, Pool, Sidewalks

Utilities Available Cable Connected, Electricity Connected, High Speed Internet Available, Other, Phone Connected, Sewer Connected, Trash Collection, Water Connected

Amenities Available Beach Rights, Gated, Picnic Area

Waterfront Description Gulf,Waterfront

View Y/N Yes

Water Access Desc Gulf,Waterfront

View Gulf, Pond

Porch Balcony, Covered, Patio, Porch

Private Pool Yes

Building

Lot Description Landscaped, Waterfront

Foundation Slab

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 Association Management,Clubhouse,Cable TV,Maintenance Grounds,Other,Pool(s),Sewer,See Remarks,Security,Tennis Courts,Trash,Water

Tax ID 30189-032-000

Security Features Fire Alarm,Gated Community,24 Hour Security,Key Card Entry,Varies By Unit,Security Service

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Financing Conventional

Special Listing Condition Listed As-Is

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Listed by Beachy Beach Real Estate
Bought with ERA Neubauer Real Estate Inc
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