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Sold for $480,000
  • $480,000

    8727 Thomas Dr Unit B13, Panama City Beach, FL 32408

    3beds
    1,512sqft
    Condominium
    Built in 1974
    -- sqft lot
    $469,600 Zestimate®
    $317/sqft
    $3,012 Estimated rent

    Home value

    $469,600

    $427,000 - $517,000

    $3,012/mo

    Zestimate® history
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    What's special

    Close to the sandEmerald green waters
    LOWEST PRICED 3 bed / 3 bath condo on the ENTIRE BEACH!!! Experienced investors are trained to ''love'' the number and simply ''like'' the property, but why not have both? This is by far the LOWEST PRICED comp in the entire town that is this close to the sand, and if pricing wasn't an instant attention grabber... it also has some of the lowest HOA fee's of all the comps! Simply put, you will not find a 3 bedroom condo on the beach with views like this. Only a few feet from the sand, you can go from your incredible condo to the emerald green waters before folks in other communities can even catch an elevator! That's right... park directly at your door, and within seconds, find your toes in the sand and your soul soaking in the sun. A key requirement for generating strong rentals is location, and the prime location is where this condo TRULY outshines all other competition. For the kiddos, there are go cart tracks, video arcades, mini golf courses, thrill rides, ice cream shops, souvenir shops, and the list goes on! For the adults, there are numerous bars/restaurants right outside your door - including the Famous Ms. Newby's! To make it even better, Tootsies will be opening their highly anticipated Beach Bar just 2 doors down - where big name band's will undoubtedly be brought back to the beach. No need to drive after those adult beverages, your condo is perfectly located just a few seconds away!!! Although the legendary action of Thomas Dr is right outside your front door, if it's peace and quiet you seek, you will lose yourself in the serenity of the lush and peaceful oasis of Sugar Beach. Offering one of the largest and most unique greenspaces in all of PCB, this incredible community offers ample room to stretch your legs while walking the well-manicured path around the pristine sprawling koi/turtle pond. You will not find another property in town that is directly on the beach - yet also offers such an incredible courtyard with a pool, tennis/pickleball courts, shuffleboard, a grilling area, a community clubhouse, a private gated beach access, and over 375 feet of incredible beach access! Sugar Beach 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 when it comes to rentals, you find yourself with a true competitive advantage. 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! This amazing unit has already been updated with over $50k in upgrades: All new hurricane doors and windows in 2024, newly remodeled bathrooms upstairs, new LVP and Tile flooring in most areas, custom woodwork in the living room and stairs, etc. It is turnkey and ready to go!!! With many 3 bedroom units in Sugar Beach generating $60k+ annually in rentals... One look at the numbers, one look at the condo, and one look at the location - and you will become a firm believer. This condo genuinely has it all and will turn an incredible profit - while creating unforgettable lifetime memories for years to come. Welcome to Paradise!!!

    Zillow last checked:

    Listing updated:

    Listed by:

    Garrett S Aune 850-588-8908,

    Beachy Beach Real Estate

    Bought with:

    Brittany Whittaker, SL3353928

    Beachy Beach Real Estate

    Source: CPAR,MLS#: 778654MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Rooms
    • Room types: Bedroom, Full Bath, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Other
    Primary bedroom
    • Level: Second
    • Dimensions: 11 x 16
    Bedroom
    • Level: First
    • Dimensions: 11 x 9
    Bedroom
    • Level: Second
    • Dimensions: 11 x 14
    Primary bathroom
    • Level: Second
    • Dimensions: 5 x 14
    Other
    • Level: First
    • Dimensions: 5 x 8
    Other
    • Level: Second
    • Dimensions: 5 x 8
    Kitchen
    • Level: First
    • Dimensions: 11 x 8
    Living room
    • Level: First
    • Dimensions: 14 x 13
    Other
    • Features: Balcony
    • Level: First
    • Dimensions: 7 x 11
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Washer/Dryer Stacked, Electric Oven, Electric Range, Electric Water Heater
    • Laundry: Stacked
    Features
    • Interior Steps, Smart Thermostat
    • Doors: Storm Door(s)
    • Windows: Double Pane Windows, Storm Window(s)
    Interior area
    • Total structure area: 1,512
    • Total interior livable area: 1,512 sqft

    Property

    Parking
    • Parking features: Electric Gate, Gated, Parking Lot
    Features
    • Patio & porch: Patio, Balcony
    • Exterior features: Patio
    • Pool features: Fenced, In Ground, Community
    • Has view: Yes
    • View description: Gulf, Lake
    • Has water view: Yes
    • Water view: Gulf,Lake
    • Waterfront features: Shoreline - Sand
    • Frontage length: 375' Private Access
    Lot
    • Features: Paved
    Details
    • Additional structures: Tennis Court(s)
    • Parcel number: 30189031000
    • Zoning description: Resid Multi-Family, Resid Single Family
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Low Rise
    • Property subtype: Condominium
    Materials
    • Block, HardiPlank Type, Concrete, Stucco
    • Roof: Flat,Membrane
    Condition
    • New construction: No
    • Year built: 1974

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Cable Connected, Electricity Available

    Community & HOA

    Community
    • Features: Barbecue, Beach, Clubhouse, Conference/Meeting Room, Laundry Facilities, Park, Pool, Tennis Court(s), Waterfront, Community Pool, Gated, Short Term Rental Allowed
    • Security: Gated Community, Security Fence, Security Lights, Security System, Security Gate, Smoke Detector(s), Security Service
    • Subdivision: Sugar Beach Condo
    HOA
    • Has HOA: Yes
    • Amenities included: Beach Rights, Gated, Barbecue, Picnic Area
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $317/sqft
    • Tax assessed value: $456,002
    • Annual tax amount: $5,036
    • Date on market: 9/5/2025
    • Cumulative days on market: 42 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    11/17/2025Sold$480,000-1.8%$317/sqft
    Source: CPAR #778654 Report a problem
    10/18/2025Pending sale$489,000$323/sqft
    Source: ECAOR #985861 Report a problem
    9/30/2025Price change$489,000-2%$323/sqft
    Source: ECAOR #985861 Report a problem
    9/5/2025Listed for sale$499,000+66.3%$330/sqft
    Source: CPAR #778654 Report a problem
    2/14/2020Sold$300,000-9%$198/sqft
    Source: CPAR #688154 Report a problem
    12/10/2019Listing removed$2,000$1/sqft
    Source: Sandcastle Realty Services #690472 Report a problem
    11/5/2019Listed for rent$2,000$1/sqft
    Source: Sandcastle Realty Services #690472 Report a problem
    9/6/2019Listed for sale$329,500+53.3%$218/sqft
    Source: Scott Ingraham Real Estate Group #688154 Report a problem
    6/13/2016Sold$215,000-43.4%$142/sqft
    Source: Public Record Report a problem
    12/22/2004Sold$380,000+145.2%$251/sqft
    Source: Public Record Report a problem
    4/17/2002Sold$155,000$103/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,036 +6.9%$318,835 +10%
    2023$4,711 +46.3%$289,850 +10%
    2022$3,219 $263,500
    2021-- --
    2020$2,538 +25.9%$205,700 +29.4%
    2019$2,016 $158,950 -17.4%
    2018$2,016 -16.4%$192,405 +7.8%
    2017$2,410 +17%$178,500 +59.7%
    2016$2,059 +122.7%$111,748 +0.7%
    2015$925 $110,971 +0.8%
    2014$925 $110,090 +1.5%
    2013-- $108,463 +1.7%
    2012-- $106,650 -24.6%
    2011-- $141,505 -21%
    2010-- $179,120 -10%
    2009-- $199,022 -21.5%
    2008-- $253,531 -10%
    2007-- $281,701 -10%
    2006-- $313,001
    2005-- $313,001 +144.5%
    2004-- $128,001
    2003-- $128,001
    2002-- $128,001 +63.5%
    2001-- $78,300
    2000-- $78,300
    Find assessor info on the county website

    Neighborhood: 32408

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Breakfast Point
    • Middle: Breakfast Point
    • High: Arnold

    Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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