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8727 Thomas Drive , A17

Panama City, FL 32408
  • $475,000
  • STATUS: Active Under Contract
  • ON SITE: 28 Days
  • MLS #: 762609
Under Contract
UPDATED: 49 min ago
$475,000
  • 4
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,750
    SQFT
  • $271
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1974
County:
Bay

School Information

Elementary School:
Middle School:
High School:

Description

Under Contract - Accepting ALL Back Up Offers.LOWEST PRICED 4 Bed / 3 Bath GULF VIEW Condo on the Entire Beach! In fact, it isn't just the lowest price condo on the beach today, this is the lowest priced condo we have seen in well over 3 years (by a lot)!!!With over $70k worth of brand-new hurricane doors and windows, a new HVAC system, new hot water heater, new carpeting upstairs, new LVP in several rooms, newer stainless appliances, new vanities in 2 of the bathrooms, fresh paint, and new porch coatings and rails on the front and back, this unit is 100% ready for the new owner to simply let their imagination run wild with new furniture and decor. The last 5 comps in this amazing community all sold for $85k-$185k more than this one, so at this price and in this condition, you are probably asking yourself, ''what's the catch?'' And to be perfectly honest... I totally get it. I see people listing condos at over inflated prices every day - with the strategy of accepting a much lower offer in order to get it sold. The rationale for the pricing is pretty simple - yet incredibly rare in today's market...This owner has had the condo well over 30 years, hasn't rented it out, has used it for creating unforgettable family memories over several generations, and has taken incredible care of their favorite beach getaway. Over time, life inevitably happens, and now the family is ready to move on to the next chapter in their life story.They are truly kind people, and don't see the need to over-price the condo and waste time negotiating back and forth on the price. They know they could have listed it much higher, then settle somewhere around this price, but that's not how they wanted to handle things. Instead, they wanted to go ahead and cut the ''back-and-forth'' out of things, and simply list it at a price where a new owner can come in, put a little into making it their own, and still have ample positive equity on day #1. Essentially - they are looking for a win/win for everyone!Like I said a minute ago... INCREDIBLY RARE in today's market to find such an honest seller, right?!?This unbelievable opportunity is what some people might consider a ''Unicorn.'' With an 11% ROI on just the average rental income of neighboring units, this condo offers everything an investor could ever look for. It is well below market value, all the big-ticket items are new, it offers an ROI that you simply can't find in today's market, and it offers insane instant equity... LOTS of it! Not only do the numbers more than speak for themselves, this incredibly spacious condo is perfectly situated on the highly desirable East end of the Beach - right on the Historic Thomas Dr. Just outside your front door, you will find some of PCB's most enjoyed restaurants, attractions, and nightlife, and more. Park directly at your front door (no elevators), and you will never have to touch your car again!When it is time to wind down for the evening, you will find one of the most unique greenspaces in all of PCB - right outside your 2 private balconies! Get lost in your thoughts gazing into the tranquil Koi pond, or simply take a stroll to the sugar white sands - just mere seconds from your door. With beautiful tropical landscaping, walking paths around the pond, and some of the best sunset's in town... Sugar Beach offers serenity unlike any other place in town.And when you add the fact that Sugar Beach has a competitive advantage over nearly every other condo in town (one of the only remaining ''Pet Friendly'' communities on the beach), it's easy to see why this ''once in a lifetime'' investment will be gone in the blink of an eye!

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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: 2024-10-12T21:04:20.387.
www.countsbeachhomes.com/homes/155127039
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8727 Thomas Drive , A17 Panama City, FL 32408

  • Price: $475,000
  • Status: Active Under Contract
  • On Site: 28 Days
  • Updated: 49 min ago
  • MLS #: 762609
4
Beds
3
Baths
0
½ Baths
N/A
Acres
1,750
SQFT
$271
$/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
Under Contract - Accepting ALL Back Up Offers.LOWEST PRICED 4 Bed / 3 Bath GULF VIEW Condo on the Entire Beach! In fact, it isn't just the lowest price condo on the beach today, this is the lowest priced condo we have seen in well over 3 years (by a lot)!!!With over $70k worth of brand-new hurricane doors and windows, a new HVAC system, new hot water heater, new carpeting upstairs, new LVP in several rooms, newer stainless appliances, new vanities in 2 of the bathrooms, fresh paint, and new porch coatings and rails on the front and back, this unit is 100% ready for the new owner to simply let their imagination run wild with new furniture and decor. The last 5 comps in this amazing community all sold for $85k-$185k more than this one, so at this price and in this condition, you are probably asking yourself, ''what's the catch?'' And to be perfectly honest... I totally get it. I see people listing condos at over inflated prices every day - with the strategy of accepting a much lower offer in order to get it sold. The rationale for the pricing is pretty simple - yet incredibly rare in today's market...This owner has had the condo well over 30 years, hasn't rented it out, has used it for creating unforgettable family memories over several generations, and has taken incredible care of their favorite beach getaway. Over time, life inevitably happens, and now the family is ready to move on to the next chapter in their life story.They are truly kind people, and don't see the need to over-price the condo and waste time negotiating back and forth on the price. They know they could have listed it much higher, then settle somewhere around this price, but that's not how they wanted to handle things. Instead, they wanted to go ahead and cut the ''back-and-forth'' out of things, and simply list it at a price where a new owner can come in, put a little into making it their own, and still have ample positive equity on day #1. Essentially - they are looking for a win/win for everyone!Like I said a minute ago... INCREDIBLY RARE in today's market to find such an honest seller, right?!?This unbelievable opportunity is what some people might consider a ''Unicorn.'' With an 11% ROI on just the average rental income of neighboring units, this condo offers everything an investor could ever look for. It is well below market value, all the big-ticket items are new, it offers an ROI that you simply can't find in today's market, and it offers insane instant equity... LOTS of it! Not only do the numbers more than speak for themselves, this incredibly spacious condo is perfectly situated on the highly desirable East end of the Beach - right on the Historic Thomas Dr. Just outside your front door, you will find some of PCB's most enjoyed restaurants, attractions, and nightlife, and more. Park directly at your front door (no elevators), and you will never have to touch your car again!When it is time to wind down for the evening, you will find one of the most unique greenspaces in all of PCB - right outside your 2 private balconies! Get lost in your thoughts gazing into the tranquil Koi pond, or simply take a stroll to the sugar white sands - just mere seconds from your door. With beautiful tropical landscaping, walking paths around the pond, and some of the best sunset's in town... Sugar Beach offers serenity unlike any other place in town.And when you add the fact that Sugar Beach has a competitive advantage over nearly every other condo in town (one of the only remaining ''Pet Friendly'' communities on the beach), it's easy to see why this ''once in a lifetime'' investment will be gone in the blink of an eye!
Exterior Features

Architectural Style Low Rise Construction Materials Concrete Exterior Features Built-in Barbecue Balcony Outdoor Shower Fencing Full Garage YN No Lot Features Landscaped Other Structures Tennis Court(s) Pool House Patio And Porch Features Balcony Pool Features Fenced In Ground Community Road Frontage Type City Street Road Surface Type Paved View Gulf Water View YN Yes

Interior Features

Appliances Washer / Dryer Stacked Dishwasher ENERGY STAR Qualified Appliances Electric Oven Disposal Microwave Refrigerator Cooling Central Air Ceiling Fan(s) Cooling YN Yes Entry Level 2 Furnished Furnished Heating Central Heating YN Yes Interior Features Recessed Lighting Skylights Laundry Features Stacked Parking Features Electric Gate Gated No Garage Paved Parking Lot Rooms Full Bath (Second Level) Full Bath (First Level) Primary Bathroom (Second Level) Kitchen (First Level) Living Room (First Level) Bedroom (First Level) Bedroom (Second Level) Bedroom (Second Level) Primary Bedroom (Second Level) Window Features Skylight(s)

Property Features

Association Amenities Beach Rights Gated Picnic Area Association Fee 3576.17 Association Fee Frequency Quarterly Association Fee Includes Clubhouse Cable TV Laundry Maintenance Grounds Other Pool(s) Sewer See Remarks Tennis Courts Trash Water Association YN Yes Community Features Barbecue Beach Clubhouse Laundry Facilities Other Park See Remarks Short Term Rental Allowed Tennis Court(s) Waterfront Gated Pool Sidewalks Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Conventional FHA VA Loan Lot Size Dimensions 0 x 0 Number Of Units In Community 119 Occupant Type Tenant Property Sub Type Condominium Property Sub Type Additional Condominium Security Features Gated Community Key Card Entry Security System Security Service Senior Community YN No Special Listing Conditions Listed As- Is Tax Annual Amount 4839 Tax Year 2023 Utilities Cable Connected Electricity Connected Other Phone Connected See Remarks Water Connected Waterfront Features Lake Lake Front Shoreline - Sand 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: 2024-10-12T21:04:20.387.
 
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Counts Real Estate Group
2104 Thomas Drive
Panama City Beach FL, 32408