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Sold for $265,000
    • $265,000

    8727 Thomas Dr Unit C40, Panama City Beach, FL 32408

    2beds
    1,086sqft
    Condominium
    Built in 1974
    -- sqft lot
    $284,700 Zestimate®
    $244/sqft
    $2,093 Estimated rent

    Home value

    $284,700

    $270,000 - $299,000

    $2,093/mo

    Zestimate® history
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    What's special

    New appliancesNew lvp flooring throughout
    CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS! INVESTOR'S DREAM!!! 7%+ Annual ROI based on ACTUAL average complex rentals, UNBELIEVABLE 15% ROI on the high end of rentals! This is now the LOWEST PRICED low rise 2 bedroom condo on the entire beach - meaning someone is fixing to get a steal of a deal!!! New furniture in both bedrooms, newly updated bathroom vanities and toilets, and new hurricane sliding doors and windows. Seller has owned the unit 30 years and has very seldom rented it - meaning it has been INCREDIBLY well cared for compared to the full time rentals. One of the only pet friendly complexes on the entire beach (meaning extreme competitive advantage on rentals), no elevators, no streets to cross, 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). New LVP flooring throughout has been quoted at $5k, new couch and love seat at $1,500, new appliances at $1,700, and a little paint - and this place will be COMPLETELY TRANSFORMED and ready to kill it on rentals. The needed updates have been factored into the price, and this one will be grabbed up quick with the new reduction! The next door neighbor (same views/floorplan) does over $60k a year on her unit, so needless to say, the potential at this price is UNLIMITED!!! Don't be that person that says ''I wish I would have...'' a few years from now. Grab this one now at an unbelievable price, make it your own for less than $9k, and enjoy the incredible income for years to come!!!

    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#: 782393MLS 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 Bedroom, Other
    Primary bedroom
    • Level: First
    • Dimensions: 15 x 14
    Bedroom
    • Level: First
    • Dimensions: 13 x 12
    Other
    • 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
    Other
    • Features: Balcony
    • Level: First
    • Dimensions: 15 x 8
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Washer/Dryer Stacked, Electric Oven, Electric Water Heater
    • Laundry: Stacked
    Interior area
    • Total structure area: 1,086
    • Total interior livable area: 1,086 sqft

    Property

    Parking
    • Parking features: Electric Gate, Paved, Parking Lot, Gated
    Features
    • Levels: Three Or More
    • Stories: 3
    • Patio & porch: Balcony, Covered, Patio
    • Pool features: Fenced, In Ground, Community
    • Has view: Yes
    • View description: Other
    • Waterfront features: Other
    Details
    • Additional structures: Tennis Court(s)
    • Parcel number: 30189103000
    • Zoning description: Resid Multi-Family
    • Special conditions: Listed As-Is

    Construction

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

    Utilities & green energy

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

    Community & HOA

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

    Financial & listing details

    • Price per square foot: $244/sqft
    • Tax assessed value: $327,525
    • Annual tax amount: $3,644
    • Date on market: 1/17/2026
    • Cumulative days on market: 136 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    5/29/2026Sold$265,000-11.4%$244/sqft
    Source: CPAR #782393 Report a problem
    4/21/2026Pending sale$299,000$275/sqft
    Source: CPAR #782393 Report a problem
    4/3/2026Price change$299,000-2.3%$275/sqft
    Source: CPAR #782393 Report a problem
    3/13/2026Price change$306,000-2.5%$282/sqft
    Source: CPAR #782393 Report a problem
    3/6/2026Price change$314,000-1.1%$289/sqft
    Source: CPAR #782393 Report a problem
    2/27/2026Price change$317,375-1.1%$292/sqft
    Source: CPAR #782393 Report a problem
    2/20/2026Price change$320,750-1%$295/sqft
    Source: CPAR #782393 Report a problem
    2/13/2026Price change$324,125-1%$298/sqft
    Source: CPAR #782393 Report a problem
    1/17/2026Listed for sale$327,500$302/sqft
    Source: CPAR #782393 Report a problem
    1/9/2026Pending sale$327,500$302/sqft
    Source: CPAR #782393 Report a problem
    12/5/2025Listed for sale$327,500$302/sqft
    Source: CPAR #782393 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,644 +5.6%$223,617 +10%
    2023$3,450 +37.2%$203,288 +10%
    2022$2,515 $184,807
    2021-- --
    2020$2,049 +18.8%$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 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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