8727 Thomas Drive B17, Panama City, FL 32408 (MLS# 782160)

HOA Fee: Yes

HOA Amount: 3097.93

HOA Frequency: Quarterly

HOA Annual Amount: 12391.72

New Buyer Fee: No

Last Taxes: 4828

Last Tax Year: 2024

Brokerage Interest: No Interest

Condo Doc: Yes

List Price/SqFt: 296.96

Status: Active

List Date: 2025-11-28

List Price: $449,000

Current Price: $449,000

Unit #: B17

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: Yes

Gulf Access: Yes

Elementary School: Breakfast Point

Middle School: Breakfast Point

High School: Arnold

Directions: Traveling East on Thomas Dr, turn right on Joan Avenue at the stoplight. The gated entrance to Sugar Beach will be immediately on the right. Enter the gate code at the keypad, pull in to the complex, turn right, and B17 will just in front of you - no elevators and just a few feet from your car!!!

Area: 03 - Bay County - Beach

Street #: 8727

Street Name: Thomas

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Sugar Beach Condo

Parcel ID: 30189-035-000

Legal Description: SUGAR BEACH CONDO APT #B-17 3BR 2B 1512 H&C ORB 435 P 268 ORB 3974 P 756 .

Floor Number: 2

Design: Low-Rise (1-3 floors)

Apx SqFt(Htd/Cooled): 1512

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

# of Stories in Building: 3

Lot Dimensions: 0x0

New Construction: No

Garage Y/N: No

Pool: Yes

Pool Type: Community

Sub-Type: Condominium

Bedrooms: 3

Full Baths: 3

Total Baths: 3

Year Built: 1974

Remarks: 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!!!

First: 1

Second: 1

Second: 1

BBQ Pit/Grill: 1

Beach: 1

Community Room: 1

Dumpster: 1

Gated Community: 1

Picnic Area: 1

Pool: 1

Sewer: 1

Tennis: 1

Trash Disposal: 1

Irrigation: 1

Furnished: 1

First: 1

First: 1

Balcony: 1

Bedroom: 1

Full Bathroom: 1

Kitchen: 1

Living Room: 1

Master Bathroom: 1

Master Bedroom: 1

TV Cable: 1

Electricity - Connected: 1

Garbage: 1

Phone - Available: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

First: 1

Second: 1

Other: 1

Second: 1

First: 1

Second: 1