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8727 Thomas Drive C40, Panama City, FL 32408
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8727 Thomas Drive C40
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Priced at Only: $299,000
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Address: 8727 Thomas Drive C40, Panama City, FL 32408
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  • MLS#: 782393 ( Residential )
  • Street Address: 8727 Thomas Drive C40
  • Viewed: 41
  • Price: $299,000
  • Price sqft: $275
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Other
  • Year Built: 1974
  • Bldg sqft: 1086
  • Bedrooms: 2
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 122
  • Additional Information
  • Geolocation: 30.1682 / -85.7905
  • County: BAY
  • City: Panama City
  • Zipcode: 32408
  • Subdivision: Sugar Beach Condo
  • Building: Sugar Beach Condo
  • Elementary School: Breakfast Point
  • Middle School: Breakfast Point
  • High School: Arnold
  • Provided by: Beachy Beach Real Estate
  • DMCA Notice
  • Description
    INVESTOR'S DREAM!!! 7%+ Annual ROI based on ACTUAL average complex rentals, UNBELIEVABLE 15% ROI on the high end of rentals! This is now the LOWEST PRICED low rise 2 bedroom condo on the entire beach meaning someone is fixing to get a steal of a deal!!! New furniture in both bedrooms, newly updated bathroom vanities and toilets, and new hurricane sliding doors and windows. Seller has owned the unit 30 years and has very seldom rented it meaning it has been INCREDIBLY well cared for compared to the full time rentals. One of the only pet friendly complexes on the entire beach (meaning extreme competitive advantage on rentals), no elevators, no streets to cross, private 375 feet of white sandy beach access, and the absolute BEST location in town (just a few seconds to the highly anticipated new Tootsies Beach Bar, restaurants, go karts, mini golf, dining, and the best bars in town). New LVP flooring throughout has been quoted at $5k, new couch and love seat at $1,500, new appliances at $1,700, and a little paint and this place will be COMPLETELY TRANSFORMED and ready to kill it on rentals. The needed updates have been factored into the price, and this one will be grabbed up quick with the new reduction! The next door neighbor (same views/floorplan) does over $60k a year on her unit, so needless to say, the potential at this price is UNLIMITED!!! Don't be that person that says ''I wish I would have...'' a few years from now. Grab this one now at an unbelievable price, make it your own for less than $9k, and enjoy the incredible income for years to come!!!
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
  •   Monthly -
Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
  • Other Structures: TennisCourts
  • Roof: Flat, Membrane
School Information
  • High School: Arnold
  • Middle School: Breakfast Point
  • School Elementary: Breakfast Point
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: ElectricGate, Paved, ParkingLot, Gated
Eco-Communities
  • Pool Features: Fenced, InGround, Community
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, CeilingFans
  • Heating: Central, Electric
  • Road Frontage Type: CityStreet
  • Sewer: PublicSewer
  • Utilities: CableConnected, ElectricityAvailable, HighSpeedInternetAvailable
Amenities
  • Association Amenities: BeachRights, Barbecue, PicnicArea
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2024
  • Trash Expense: 0.00
Other Features
  • Appliances: WasherDryerStacked, ElectricOven, ElectricWaterHeater
  • Legal Description: SUGAR BEACH CONDO APT #C-40 2BR 2B 1086 H&C ORB 1733 P 1847
  • Levels: ThreeOrMore
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Tenant
  • Parcel Number: 30189-103-000
  • Style: LowRise
  • The Range: 0.00
  • Unit Number: C40
  • View: Other
  • Views: 41
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Nearby Subdivisions
[no Recorded Subdiv]   Bay Point Golf Villas I   Bay Point Grand Residences   Bay Point Harbour Villas   Bay Point Studio Villas Unit 2   Bay Point Studio Villas Unit 3   Boardwalk Central   Dockside North   Dunes Of Panama Phase V   Emerald Park Condominium   Grand Lagoon Cove Condominium   Grande Surf Club Condo   Greenwood Estates 1   Greenwood Estates 5   Greenwood Estates 6   Greenwood Estates 8   Gulf Crest Condo   Hidden Dunes Condo   Lagoon Towers Phase I   Laketown Wharf   Laketown Wharf Phase Ii   Largo Mar Condo   Magnolia Bay Club   Marina Club Village   Mariner West Condo   Moondrifter   Moonspinner Apartments   Ocean Terr. Condo.   Oceanna Condo   Palisades Condo Ph 1   Plazas Of St.thomas I   Reflections   Regency Towers   Sand Castles Villa   Sand Castles Villas Condo   Seychelles Resort Condominium   Shade Tree Condo Ph Ii   Shores Of Panama   Shores Of Panama Ii   Shores Of Panama Phase I   Shores Of Panama Phase Ii   St. Andrews Park Place   Sugar Beach Condo   Summerhouse Condo.   Summerhouse Of P.c. 2   Summerhouse Of P.c. 3   Summerwinds Condo   Summit   Sunbird Condo   Sunswept 3   Sunswept 4   The Commodore   The Summit   Top Of The Gulf Condo.   Treasure Cove Condo.   Treasure Island Resort   Villas Of St. Thomas 1   Villas Of St. Thomas 3   Villas Of St. Thomas 4   Watercrest Condo   Waterhaven   Whispering Seas  
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