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Sold for $331,586
  • $331,586

    8727 Thomas Dr Unit C38, Panama City Beach, FL 32408

    2beds
    1,086sqft
    Condominium
    Built in 1974
    -- sqft lot
    $324,100 Zestimate®
    $305/sqft
    $2,093 Estimated rent

    Home value

    $324,100

    $292,000 - $360,000

    $2,093/mo

    Zestimate® history
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    What's special

    Private gated beach accessBreathtaking gulf viewsGrilling areaExpansive greenspaceHuge clubhouse with games
    UNDER CONTRACT - ACCEPTING BACKUP OFFERS!!! LOWSET HOA's of all the comps, and one of the top 3 LOWEST Priced comps on the beach!!! INVESTOR'S DREAM!!! Newly Remodeled (over $35k), one of the only Pet Friendly Vacation Rentals on the Beach, park just a Few Feet from your door (no elevators!), Sleeps 8, INCREDIBLE ROI potential, gated community, and located in one of the most Highly sought after locations on the beach... The PERFECT condo truly does exist! Booked all Summer for immediate return on your investment! 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 soon opening 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 every other rental in PCB... It is one of the only PET FRIENDLY Gulf-front destinations in the entire area. Years of market data shows that pet friendly options bring a higher nightly rate, have a better occupancy 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 $40k annually in rentals, and some of the well-established ones bring in over $70k. At the high end your annual ROI potential is truly limitless!!!

    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#: 769621MLS 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: 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
    • Fencing: Full,Fenced
    • Has view: Yes
    • View description: Gulf, Lake
    • Has water view: Yes
    • Water view: Gulf,Lake
    • Waterfront features: Lake, Lake Front, Other, Shoreline - Sand
    • Frontage length: 375' Private Access
    Lot
    • Features: Paved
    Details
    • Additional structures: Pool House, Tennis Court(s)
    • Parcel number: 30189101000
    • 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
    • New construction: No
    • Year built: 1974

    Utilities & green energy

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

    Community & HOA

    Community
    • Features: Beach, Clubhouse, Laundry Facilities, Pool, Tennis Court(s), Waterfront, Barbecue, Community Pool, Gated, 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: $305/sqft
    • Tax assessed value: $327,525
    • Annual tax amount: $4,226
    • Date on market: 3/2/2025
    • Cumulative days on market: 166 days

    Price history

    DateEventPrice
    9/17/2025Sold$331,586-6.6%$305/sqft
    Source: CPAR #769621 Report a problem
    8/15/2025Pending sale$355,000$327/sqft
    Source: ECAOR #971151 Report a problem
    8/15/2025Contingent$355,000$327/sqft
    Source: CPAR #769621 Report a problem
    8/8/2025Price change$355,000-5.3%$327/sqft
    Source: CPAR #769621 Report a problem
    6/27/2025Price change$375,000-2.8%$345/sqft
    Source: CPAR #769621 Report a problem
    5/30/2025Price change$386,000-2.2%$355/sqft
    Source: CPAR #769621 Report a problem
    5/23/2025Price change$394,6000%$363/sqft
    Source: CPAR #769621 Report a problem
    5/16/2025Price change$394,7000%$363/sqft
    Source: ECAOR #971151 Report a problem
    5/9/2025Price change$394,8000%$364/sqft
    Source: ECAOR #971151 Report a problem
    5/2/2025Price change$394,9000%$364/sqft
    Source: CPAR #769621 Report a problem
    3/2/2025Listed for sale$395,000$364/sqft
    Source: CPAR #769621 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,226 +22.5%$327,525 +61.1%
    2023$3,450 +37.2%$203,288 +10%
    2022$2,515 $184,807
    2021-- --
    2020$2,104 +22%$152,733 +13.7%
    2019$1,724 $134,385 -3.2%
    2018$1,724 -9.1%$138,848 +10%
    2017$1,898 +28.2%$126,225 +10%
    2016$1,481 +14.5%$114,750 +7.4%
    2015$1,294 $106,800 +9.3%
    2014$1,294 $97,750
    2013-- $97,750 -4.2%
    2012-- $102,000
    2011-- $102,000 -28.4%
    2010-- $142,494 -10%
    2009-- $158,327 -21.5%
    2008-- $201,691 -10%
    2007-- $224,101 -10%
    2006-- $249,001
    2005-- $249,001 +130.6%
    2004-- $108,001
    2003-- $108,001
    2002-- $108,001 +64.6%
    2001-- $65,625
    2000-- $65,625
    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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    $324,100
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    $330,582