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8727 Thomas Drive , Unit C41

Panama City Beach, FL 32408
  • $410,000
  • STATUS: Active
  • ON SITE: 61 Days
  • MLS #: 945624
UPDATED: 137 min ago
$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
Area:

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! 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 Emerald Coast 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 Scenic Real Estate. Vendor Member number: 28178. Data last updated: 2024-05-26T12:04:33.713.
Vendor Member #28178.
www.myscenicrealestate.com/homes/148885267
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8727 Thomas Drive , Unit C41 Panama City Beach, FL 32408

  • Price: $410,000
  • Status: Active
  • On Site: 61 Days
  • Updated: 137 min ago
  • MLS #: 945624
2
Beds
2
Baths
0
½ Baths
N/A
Acres
1,086
SQFT
$378
$/SQFT
1974
Built
Neighborhood:
Sugar Beach Condominiums
County:
Bay
Area:
Bay County
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! 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 N/A Carport YN No Construction Materials Roof FlatSlabStucco Exterior Features BalconyBBQ Pit/GrillDeck CoveredFenced Lot-AllPatio CoveredPool - HousePool - In-GroundPorchRenovatedShowerTennis Court Pool YN Yes View PondGulf Waterfront Features Unit WaterfrontPond

Interior Features

Appliances CooktopDishwasherDryerMicrowaveOven Self CleaningRange HoodRefrigeratorRefrigerator W/IceMkSmoke DetectorStove/Oven ElectricWasher Cooling Ceiling Fan(s)Central Air Cooling YN Yes First Floor Bedroom Yes Interior Features Floor TileFurnished - AllLighting RecessedOwner's ClosetRenovatedSplit BedroomWasher/Dryer HookupWindow Treatment AllWoodwork Painted Primary Bedroom First Floor Yes Rooms Total 7

Property Features

Association Fee Frequency Quarterly Association Fee Includes Ground KeepingManagementSecuritySewerWaterCable TVTrash Association Fee2 1584 Association YN Yes Buyer Financing ConventionalFHAVA Community Features BBQ Pit/GrillBeachCommunity RoomDumpsterGame RoomGated CommunityLaundryPets AllowedPicnic AreaPoolTennisTV CableWaterfront New Construction YN No Number Of Units In Community 117 Pool Type Community Property Condition Construction Complete Property Sub Type Condominium Short Term Rental Allowed Yes Tax Amount 3661 Tax Year 2023 Utilities ElectricPublic SewerPublic WaterTV Cable

Listing courtesy of Beachy Beach Real Estate: 850-233-4351.


© 2024 Emerald Coast 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 Scenic Real Estate. Vendor Member number: 28178. Data last updated: 2024-05-26T12:04:33.713.
Vendor Member #28178.
 
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