8727 Thomas Drive C40, Panama City, FL 32408 (MLS# 782393)

HOA Fee: Yes

HOA Amount: 2252.19

HOA Frequency: Quarterly

HOA Annual Amount: 9008.76

New Buyer Fee: No

Last Taxes: 3644

Last Tax Year: 2024

Brokerage Interest: No Interest

Condo Doc: Yes

List Price/SqFt: 275.32

Status: Active

List Date: 2025-12-05

List Price: $299,000

Current Price: $299,000

Unit #: C40

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: Yes

Gulf Access: No

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 C40 will be just in front of you on the right, 3rd floor, 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: 30189-103-000

Legal Description: SUGAR BEACH CONDO APT #C-40 2BR 2B 1086 H&C ORB 1733 P 1847

Floor Number: 3

Design: Low-Rise (1-3 floors)

Apx SqFt(Htd/Cooled): 1086

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: 2

Full Baths: 2

Total Baths: 2

Year Built: 1974

Remarks: 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!!!

First: 1

Fenced: 1

Inground: 1

Dishwasher: 1

Disposal: 1

Microwave: 1

Oven - Electric: 1

Refrigerator: 1

Washer/Dryer Stacked: 1

Water Heater - Electric: 1

Breakfast Bar: 1

Floor - Tile: 1

Split Bedroom: 1

Window - Treatment All: 1

Block: 1

Concrete: 1

Foundation - Slab on Grade: 1

Roof - Flat: 1

Roof - Membrane: 1

Siding - Hardie Board: 1

Balcony: 1

Patio Covered: 1

Tennis Court(s): 1

BBQ Pit/Grill: 1

Beach: 1

Community Room: 1

Dumpster: 1

Ground Keeping: 1

Picnic Area: 1

Pool: 1

Sewer: 1

Tennis: 1

Trash Disposal: 1

TV Cable: 1

Water: 1

Irrigation: 1

Cash: 1

Conventional: 1

Other: 1

Furnished: 1

First: 1

First: 1

Coastal Construction Control Line: 1

Covenants & Rescrictions: 1

Dedicated Beach: 1

Landscaped: 1

Near Beach Access: 1

Waterfront: 1

Within 1/2 Mile to Water: 1

City Street: 1

Gated Access: 1

Electric Gate: 1

Parking Lot: 1

Paved: 1

MBed Balcony: 1

MBed Waterfront: 1

MBath Shower/Tub Combo: 1

Resid Multi-Family: 1

BBQ Pit/Grill: 1

Beach: 1

Community Room: 1

Dumpster: 1

Gated Community: 1

Laundry: 1

Picnic Area: 1

Pool: 1

Tennis: 1

Waterfront: 1

Pickle Ball: 1

Shuffleboard Court: 1

Balcony: 1

Bedroom: 1

Full Bathroom: 1

Kitchen: 1

Living Room: 1

Master Bedroom: 1

TV Cable: 1

Electricity - Connected: 1

Internet - Broadband Available: 1

Phone - Available: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Other - See Remarks: 1

As Is: 1

First: 1

Other: 1

First: 1

First: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

Closed Circuit Camera(s): 1

Gated Community: 1

Security Fence: 1

Security Gate: 1

Smoke Detector(s): 1