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Sold for $380,000
  • $380,000

    8727 Thomas Dr Unit B17, Panama City Beach, FL 32408

    3beds
    1,512sqft
    Condominium
    Built in 1974
    -- sqft lot
    $429,600 Zestimate®
    $251/sqft
    $3,012 Estimated rent

    Home value

    $429,600

    $408,000 - $451,000

    $3,012/mo

    Zestimate® history
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    What's special

    Tile flooring downstairsStainless appliances
    CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS! INVESTORS TAKE NOTICE... LOWEST PRICED 3 BEDROOM CONDO on the BEACH! 7% average ROI! You don't want to miss out on this one!!! Countless updates which include: kitchen counter tops and coastal backsplash, stainless appliances, drop panel ceiling (kitchen/hall area) with energy efficient lighting, tile flooring downstairs, LVP flooring in downstairs bedroom/on the stairs/upstairs, and new hurricane sliding doors and windows. Over $70k invested in the last 2 years!!! Sugar Beach is one of the only pet friendly complexes on the entire beach (meaning extreme competitive advantage on rentals), no elevators, no streets to cross, a HUGE greenspace with incredible Koi/Turtle Pond, 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). The only thing this unit needs to be transformed into a RENTAL BEAST is some updated furniture. Less than $10k will COMPLETELY transform this unit and you should match the others in the complex which average $65k annually. Some of the 3 bedrooms even do $80k a year!!! The needed furniture has been factored into the price, and this one will be grabbed up quick considering it is over $40k cheaper than the next comp! The potential at this price is UNLIMITED, so don't miss out on this incredible Steal of a Deal!!!

    Zillow last checked:

    Listing updated:

    Listed by:

    Garrett S Aune 850-588-8908,

    Beachy Beach Real Estate

    Bought with:

    Garrett S Aune, SL352911

    Beachy Beach Real Estate

    Source: CPAR,MLS#: 782160MLS 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: 14 x 16
    Bedroom
    • Level: First
    • Dimensions: 11 x 9
    Bedroom
    • Level: Second
    • Dimensions: 14 x 14
    Primary bathroom
    • Level: Second
    • Dimensions: 11 x 8
    Other
    • Level: First
    • Dimensions: 11 x 8
    Other
    • Level: Second
    • Dimensions: 11 x 8
    Kitchen
    • Level: First
    • Dimensions: 11 x 8
    Living room
    • Level: First
    • Dimensions: 14 x 13
    Other
    • Features: Balcony
    • Level: First
    • Dimensions: 14 x 7
    Other
    • Features: Balcony
    • Level: Second
    • Dimensions: 14 x 7
    Interior area
    • Total structure area: 1,512
    • Total interior livable area: 1,512 sqft

    Property

    Features
    • Levels: Three Or More
    • Stories: 3
    • Patio & porch: Balcony
    • Pool features: Community
    • On waterfront: Yes
    • Waterfront features: Other
    Details
    • Parcel number: 30189035000

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Low Rise
    • Property subtype: Condominium
    Condition
    • New construction: No
    • Year built: 1974

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Cable Connected

    Community & HOA

    Community
    • Features: Community Pool, Short Term Rental Allowed
    • 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: $251/sqft
    • Tax assessed value: $456,002
    • Annual tax amount: $4,828
    • Date on market: 11/28/2025
    • Cumulative days on market: 143 days

    Price history

    DateEventPrice
    5/29/2026Sold$380,000-15.4%$251/sqft
    Source: CPAR #782160 Report a problem
    4/21/2026Pending sale$449,000$297/sqft
    Source: CPAR #782160 Report a problem
    3/6/2026Price change$449,000-0.3%$297/sqft
    Source: CPAR #782160 Report a problem
    2/27/2026Price change$450,500-0.3%$298/sqft
    Source: ECAOR #995132 Report a problem
    2/20/2026Price change$452,000-0.3%$299/sqft
    Source: CPAR #782160 Report a problem
    2/13/2026Price change$453,500-0.3%$300/sqft
    Source: ECAOR #995132 Report a problem
    11/28/2025Listed for sale$455,000+106.8%$301/sqft
    Source: CPAR #782160 Report a problem
    1/25/2018Sold$220,000-8.3%$146/sqft
    Source: CPAR #664096 Report a problem
    10/13/2017Listed for sale$240,000+71.4%$159/sqft
    Source: Miller & Associates Realty #664096 Report a problem
    5/3/2012Sold$140,000-12.5%$93/sqft
    Source: Public Record Report a problem
    1/5/2012Price change$159,999-15.7%$106/sqft
    Source: Vflyer Homes #414977 Report a problem
    9/21/2011Price change$189,900-20.5%$126/sqft
    Source: Real Estate Group #414977 Report a problem
    3/13/2011Listed for sale$239,000$158/sqft
    Source: Listhub #414977 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,828 +6.8%$281,590 +10%
    2023$4,520 +47%$255,991 +10%
    2022$3,075 $232,719
    2021-- --
    2020$2,473 +22.7%$192,330 +21%
    2019$2,016 $158,950 -17.1%
    2018$2,016 -16.2%$191,651 +10%
    2017$2,407 +18.1%$174,228 +10%
    2016$2,038 +16.4%$158,389 +10%
    2015$1,751 $143,990 +10%
    2014$1,751 $130,900 +10%
    2013-- $119,000 +11.6%
    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 +67.1%
    2001-- $76,610
    2000-- $76,610
    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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