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Sold for $540,000
    • $540,000

    8727 Thomas Dr Unit C11, Panama City Beach, FL 32408

    2beds
    1,086sqft
    Condominium
    Built in 1974
    -- sqft lot
    $476,800 Zestimate®
    $497/sqft
    $2,277 Estimated rent

    Home value

    $476,800

    $439,000 - $520,000

    $2,277/mo

    Zestimate® history
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    $3,526/mo

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    What's special

    In a world where the power of the dollar has seemingly gotten weaker each day, isn't it about time that you took control of your financial future? Stocks, bonds, cryptocurrency, and nearly every other form of investment has proven to drastically rise and fall with the economy - but throughout US history, real estate has truly withstood the test of time. In fact, 2 bed / 2 bath condos have averaged a 6.8% annual appreciation over the past 20+ years. That amounts to well over $30k a year for a $500k condo!!! In addition to the incredible annual appreciation, this is one of the few comps (of the nearly 200) on the beach that will truly generate a positive return on investment each year. Listed as one of the lowest priced and lowest HOA's of all comps, this one will truly cover its costs as you build wealth for years to come. Now that I have your attention, it might be well worth your time to take a look at this hidden gem. Finding another condo this close to the sugar white sands and the emerald hued gulf is virtually impossible, and the breathtaking sunset views from the private balcony will permanently change your latitude and attitude! This 2nd floor slice of paradise boasts the best views in PCB, a brand-new HVAC system, brand new water heater, brand new coastal colored LVP flooring, brand new paint, and will soon have brand new hurricane sliding glass doors and windows! That's right... all the big-ticket items are already taken care of - leaving you set for years to come! Sugar Beach is one of the most unique complexes on the beach as it is pet friendly (giving you a competitive rental advantage), allows you to park at your door (no elevators), enjoys one of the largest courtyard/greenspaces in all of PCB, and is literally seconds away form all the best attractions PCB has to offer (dining, amusement rides, mini golf, bars, live music, and the list goes on)! Perfectly situated in the heart of Thomas Drive, Sugar Beach is a unlike any other community in town. One visit, and you will forever consider this serene oasis home!!!

    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#: 749047MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Bedroom, Full Bath, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Patio
    Primary bedroom
    • Level: First
    • Dimensions: 15 x 14
    Bedroom
    • Level: First
    • Dimensions: 13 x 12
    Primary bathroom
    • Level: First
    • Dimensions: 8 x 6
    Other
    • Level: First
    • Dimensions: 8 x 6
    Kitchen
    • Level: First
    • Dimensions: 9 x 8
    Living room
    • Description: Living / Dining Combo
    • Level: First
    • Dimensions: 21 x 13
    Patio
    • Level: First
    • Dimensions: 15 x 8
    Heating
    • Central, ENERGY STAR Qualified Equipment
    Cooling
    • Central Air, ENERGY STAR Qualified Equipment
    Appliances
    • Included: Washer/Dryer Stacked, Electric Oven
    • Laundry: Washer Hookup, Dryer Hookup, Stacked
    Interior area
    • Total structure area: 1,086
    • Total interior livable area: 1,086 sqft

    Property

    Parking
    • Parking features: Additional Parking, Parking Lot
    Features
    • Levels: Three Or More
    • Stories: 3
    • Patio & porch: Balcony, Patio, Open, Porch
    • Exterior features: Barbecue, Patio
    • Pool features: Fenced, In Ground, Community, Pool
    • Fencing: Full,Fenced
    • Has view: Yes
    • View description: Gulf, Pond
    • Has water view: Yes
    • Water view: Gulf,Pond
    • Waterfront features: Gulf, Shoreline - Sand
    • Frontage length: 375' Private Access
    Lot
    • Features: Paved
    Details
    • Additional structures: Pool House, Tennis Court(s)
    • Parcel number: 30189047000
    • 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
    • Concrete
    • Roof: Flat
    Condition
    • Year built: 1974

    Utilities & green energy

    • Utilities for property: High Speed Internet Available, Phone Connected, Water Connected

    Community & HOA

    Community
    • Features: Beach, Clubhouse, Laundry Facilities, Pool, Tennis Court(s), Waterfront, Barbecue, Gated, Home Owners Association, Short Term Rental Allowed
    • Security: Security Gate, Gated Community, 24 Hour Security, Security Lights, Smoke Detector(s), Security Service
    • Subdivision: Sugar Beach Condo
    HOA
    • Has HOA: Yes
    • Amenities included: Other, See Remarks, Beach Rights, Gated, Barbecue, Picnic Area
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $497/sqft
    • Tax assessed value: $467,500
    • Annual tax amount: $3,179
    • Date on market: 11/9/2023

    Price history

    DateEventPrice
    1/30/2024Sold$540,000+44%$497/sqft
    Source: CPAR #749047 Report a problem
    9/28/2022Sold$375,000$345/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,940 +1.9%$467,500 -0.9%
    2023$5,832 +83.5%$471,872 +116.1%
    2022$3,179 $218,346
    2021-- --
    2020$2,473 +17.3%$180,451 +8.6%
    2019$2,108 $166,175 +1.3%
    2018$2,108 -11.4%$164,046 +10%
    2017$2,379 +28%$149,133 +10%
    2016$1,858 +13.8%$135,575
    2015$1,634 $135,575 +10%
    2014$1,634 $123,250
    2013-- $123,250 -12.1%
    2012-- $140,250 +6.5%
    2011-- $131,750 -25%
    2010-- $175,686 -10%
    2009-- $195,207 -21.5%
    2008-- $248,671 -10%
    2007-- $276,301 -10%
    2006-- $307,001
    2005-- $307,001 +158.4%
    2004-- $118,801
    2003-- $118,801
    2002-- $118,801 +76.5%
    2001-- $67,315
    2000-- $67,315
    Find assessor info on the county website

    Neighborhood: 32408

    Nearby homes

    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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    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
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    With Zillow Showcase(estimated)
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