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8727 Thomas Drive , C41

Panama City Beach, FL 32408
  • $410,000
  • STATUS: Active
  • ON SITE: 133 Days
  • MLS #: 753766
$410,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,086
    SQFT
  • $378
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1974
County:
Bay

School Information

Elementary School:
Middle School:
High School:

Description

The Investor's Trifecta!!! LOWEST OVERALL PRICE, LOWEST Sq/Ft PRICE, and LOWEST HOA's of ALL the Gulf View 2 Bedroom / 2 Bathroom TURNKEY condos located on the beach! Wait... what?!?If a 8% ROI average (5.5% on a financed purchase) doesn't get your attention, maybe a $26k average annual appreciation will. That's right... over the past 21 years, 2 bedroom / 2 bath condos in PCB have averaged a 6.4% annual gain in value due to simple appreciation!Let's look at the facts...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 looking to open 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 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, 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 $50k annually in rentals, and some of the well-established ones bring in excess of $80k. At the high end your annual ROI would be well over 20% on a financed purchase - which is unheard of nowadays.This condo has had many recent updates and is 100% turnkey ready. Welcome Home!

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© 2024 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Counts Real Estate Group. Data last updated: 2024-07-17T00:04:00.15.
www.countsbeachhomes.com/homes/148305704
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8727 Thomas Drive , C41 Panama City Beach, FL 32408

  • Price: $410,000
  • Status: Active
  • On Site: 133 Days
  • MLS #: 753766
2
Beds
2
Baths
0
½ Baths
N/A
Acres
1,086
SQFT
$378
$/SQFT
1974
Built
Neighborhood:
Sugar Beach Condo
County:
Bay
Area:
Bay County-Beach
Elementary School:
Breakfast Point
Middle School:
Breakfast Point
High School:
Arnold
Property Description
The Investor's Trifecta!!! LOWEST OVERALL PRICE, LOWEST Sq/Ft PRICE, and LOWEST HOA's of ALL the Gulf View 2 Bedroom / 2 Bathroom TURNKEY condos located on the beach! Wait... what?!?If a 8% ROI average (5.5% on a financed purchase) doesn't get your attention, maybe a $26k average annual appreciation will. That's right... over the past 21 years, 2 bedroom / 2 bath condos in PCB have averaged a 6.4% annual gain in value due to simple appreciation!Let's look at the facts...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 looking to open 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 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, 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 $50k annually in rentals, and some of the well-established ones bring in excess of $80k. At the high end your annual ROI would be well over 20% on a financed purchase - which is unheard of nowadays.This condo has had many recent updates and is 100% turnkey ready. Welcome Home!
Exterior Features

Architectural Style Low Rise Construction Materials Concrete Exterior Features Balcony Pool Patio Frontage Length 375' Private Access Garage YN No Lot Features Landscaped Waterfront Other Structures Tennis Courts Pool House Patio And Porch Features Balcony Open Porch Pool Features Fenced In Ground Community Pool Road Frontage Type City Street Road Surface Type Paved Roof Flat View Gulf Pond View YN Yes

Interior Features

Appliances Dryer Washer Dryer Stacked Dishwasher Electric Oven Disposal Refrigerator Building Features Dumpster Cooling Central Air ENERGYSTARQualified Equipment Cooling YN Yes Entry Level 3 Furnished Furnished Heating Central ENERGYSTARQualified Equipment Heating YN Yes Laundry Features Washer Hookup Dryer Hookup Stacked Parking Features Additional Parking Parking Lot Rooms Patio (First Level) Living Room (First Level) Kitchen (First Level) Full Bath (First Level) Primary Bathroom (First Level) Bedroom (First Level) Primary Bedroom (First Level)

Property Features

Association Amenities Beach Rights Gated Association Fee 1584 Association Fee Frequency Quarterly Association Fee Includes Clubhouse Cable TV Maintenance Grounds Other Pools Sewer See Remarks Security Tennis Courts Trash Water Association YN Yes Community Features Barbecue Beach Clubhouse Laundry Facilities Other See Remarks Short Term Rental Allowed Tennis Courts Waterfront Gated Pool Sidewalks Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Conventional FHA VALoan Lot Size Dimensions 0x0 Number Of Units In Community 119 Occupant Type Tenant Property Sub Type Condominium Property Sub Type Additional Condominium Security Features Gated Community Item24 Hour Security Smoke Detectors Security Service Special Listing Conditions Listed As Is Tax Annual Amount 3661 Tax Year 2023 Utilities Electricity Connected High Speed Internet Available Phone Connected Trash Collection Water Connected Waterfront Features Other Shoreline Sand Waterfront Waterfront YN Yes Zoning Description Resid Multi- Family Resid Single Family

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of Beachy Beach Real Estate: (850) 233-4351. Listing information © 2024 Central Panhandle Association of Realtors MLS.


© 2024 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Counts Real Estate Group. Data last updated: 2024-07-17T00:04:00.15.
 
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Counts Real Estate Group
2104 Thomas Drive
Panama City Beach FL, 32408