8727 Thomas Drive, C41, Panama City Beach, FL 32408
$410,000
Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
1,086
Status:
Active
Current Price:
$410,000
List Date:
3/06/2024
Last Modified:
4/27/2024
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!
More Information MLS# 753766
Contract Info
Status: Active
List Date: 2024-03-06
List Price: $410,000
List Price/SqFt: 377.53
Current Price: $410,000
Location
Area: 03 - Bay County - Beach
Street #: 8727
Street Name: Thomas
Street Suffix: Drive
Unit #: C41
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 - Beach - South of Grand Lagoon
Subdivision: Sugar Beach Condo
Community/Resort: None
Waterfront: Yes
Parcel ID: 30189-104-000
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: Traveling East on Thomas Dr, turn right on Joan Avenue at the stoplight. The gated entrance to Sugar Beach will be immediately on the right. Enter the gate code at the key pad, pull in to the complex and turn right. Park any where in that section of the parking lot. Unit #C41 will be on the 2nd floor, and on your left - right before you get to the office.
Legal Description: SUGAR BEACH CONDO APT #C-41 2BR 2B 1086 H&C ORB 435 P 268 . ORB 4438 P 941
General Property Info
Sub-Type: Condominium
Design: Low-Rise (1-3 floors)
Apx SqFt(Htd/Cooled): 1086
SqFt Source: Builders Plans
Bedrooms: 2
Full Baths: 2
Total Baths: 2
# of Stories in Building: 3
Floor Number: 3
# of Units in Bldg: 119
Units Above Ground: 119
Year Built: 1974
Immediate Occupancy: Yes
Pre-Const Flip: No
Construction Status: Construction Complete
Garage Y/N: No
Lot Dimensions: 0x0
Listing Info, Tax and Legal
HOA Fee: Yes
HOA Amount: 1584
HOA Frequency: Quarterly
HOA Annual Amount: 6336
New Buyer Fee: No
Last Taxes: 3661
Last Tax Year: 2023
Brokerage Interest: No Interest
As Is: Yes
Condo Doc: Yes
Remarks & Misc
Remarks: 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!
Waterfront Feature
Waterfront Feet: 375' Private Access
Property Features
Appliances: Dishwasher; Disposal; Dryer; Oven - Electric; Refrigerator; Washer/Dryer Stacked
Full Bathroom: First
Master Bedroom: First
Bedroom: First
Construction/Siding: Concrete; Roof - Flat
Cooling: Central Air; ENERGY STAR Qualified Equipment
Heating: Central; ENERGY STAR Qualified Equipment
Exterior: Balcony; BBQ Pit/Grill; Dumpster; Fenced Lot-All; Patio Open; Pool; Porch Open
Fees Include: Beach; Community Room; Dumpster; Gated Community; Ground Keeping; Pets; Pool; Security; Sewer; Tennis; Trash Disposal; TV Cable; Water
Financing: Cash; Conventional; FHA; VA
Furnished: Furnished - All
Interior Features: Floor Tile; Owner's Closet; Washer/Dryer Hookup
Kitchen: First
Living Room: First
Lot Features: Coastal Construction Control Line; Dedicated Beach; Landscaped; Near Beach Access; Sidewalk; Waterfront; Within 1/2 Mile to Water
Lot Access: City Road; Paved Road
Mstr Bdrm/Mstr Bath: MBath Shower/Tub Combo; MBath Tile; MBed Carpeted
Master Bathroom: First
Deck/Patio: First
Pool Features: Fenced; Inground; Pool House; Public
Security Features: 24 Hour Security; Gated Community; Security Gate; Security Lights; Smoke Detector(s)
Parking Features: Additional Parking; Parking Lot
Other Structures: Pool House; Tennis Court(s)
Project Facilities: BBQ Pit/Grill; Beach; Community Pools; Community Room; Dumpster; Laundry; Owner's Pets Allowed; Pets Allowed; Pool; Security-24 hour; Security-Gate; Short Term Rental Allowed; Tennis; TV Cable; Waterfront
Rooms: Bedroom; Deck/Patio; Full Bathroom; Kitchen; Living Room; Master Bathroom; Master Bedroom
Sale Type: As Is
Special List Prov: Home Owners Association; Immediate Occupancy
Utilities: Electric; Garbage; Internet - Broadband Available; Phone; Public Water
Waterfront Type: Pond w/o Gulf Access
Waterfront Feature: Shore - Beach
Waterview: Gulf; Pond
Present Zoning: Resid Multi-Family; Resid Single Family
Room Information
Master Bedroom
Level: First
Dimensions: 15 x 14
Length: 15.00
Width: 14.00
Dimensions: 15 x 14
Bedroom
Level: First
Dimensions: 13 x 12
Length: 13.00
Width: 12.00
Dimensions: 13 x 12
Master Bathroom
Level: First
Dimensions: 8 x 6
Length: 8.00
Width: 6.00
Dimensions: 8 x 6
Full Bathroom
Level: First
Dimensions: 8 x 6
Length: 8.00
Width: 6.00
Dimensions: 8 x 6
Kitchen
Level: First
Dimensions: 9 x 8
Length: 9.00
Width: 8.00
Dimensions: 9 x 8
Living Room
Level: First
Dimensions: 21 x 13
Length: 21.00
Width: 13.00
Dimensions: 21 x 13
Remarks: Living / Dining Combo
Deck/Patio
Level: First
Dimensions: 15 x 8
Length: 15.00
Width: 8.00
Dimensions: 15 x 8
Listing Office: Beachy Beach Real Estate
Last Updated: April - 27 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.