8727 Thomas Drive, Unit A7, Panama City Beach, FL 32408

$640,000
  • 8727 Thomas Drive, Unit A7, Panama City Beach, FL 32408 Main Photo

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New to the Market Active
BEDS4 BATHS3 full SQUARE FEET1,750 MLS#1015493
STATUSActive PROPERTY TYPEResidential - Condominium SUBDIVISIONSUGAR BEACH T-H

Property Description

Over $90k annually in ACTUAL rentals... Incredible ROI and CAP rates... Completely Remodeled... LOWEST PRICED 4-bedroom Condo you will find that offers everything an investor could dream of - and so much more!Sugar Beach is perfectly located right in the heart of the most desirable location on Thomas Drive. Everything a renter could ever want is right outside their door, and that is exactly why this absolutely gorgeous unit blows away the competition when it comes to rental income. The beach's best restaurants, the area's most iconic bars, the town's most recognizable attractions, and the world's most beautiful beaches... a better location simply doesn't exist!Being pet friendly for renters offers a distinct advantage over almost every other complex on the beach, and the truly unique greenspace offers a tranquil Coy and Turtle pond that simply can't be found this close to the sand anywhere else in town. And with the entire complex being newly updated, the milestone inspection being passed with flying colors, and the association actually LOWERING the HOA dues this year, it is easy to see why Sugar Beach is one of the most sought-after communities in the Panhandle. And the condo itself... Absolutely gorgeous. Every inch has been remodeled inside and out with high end coastal flare, and the beach views are beyond breathtaking. With parking directly outside your door, 2 private patios overlooking the peaceful courtyard and beach, and enough room to sleep up to 12 people comfortably, this rental beast is truly unlike the others. And with the next closest comp being priced over $150k more, blink and you will likely miss this truly one-of-a-kind investment opportunity!

8727 Thomas Drive, Unit UNIT A7 | MLS# 1015493

This condo located at 8727 Thomas Drive, Unit UNIT A7, Panama City Beach, FL 32408 is currently listed for sale with an asking price of $640,000. This property was built in 1974 and has 4 bedrooms and 3 full baths with 1750 sq. ft. Thomas Drive, Unit UNIT A7 is located in the SUGAR BEACH T-H subdivision. Search SUGAR BEACH T-H real estate on www.premierfl.com today.

Property Features

Property Type: Residential - Condominium
Cooling: Ceiling Fans, Central Air
Heating: Central
Home Style: N/A
Taxes: $6,547
Year Built: 1974

Feature Descriptions

Appliances: Dishwasher, Dryer, Microwave, Oven Self Cleaning, Smoke Detector, Washer, Water Heater - Elect
Association Fee Includes: Ground Keeping, Master Association, Security, Sewer, Water, Cable TV, Trash
Community Features: Short Term Rental - Allowed, Pickle Ball, BBQ Pit/Grill, Community Room, Dumpster, Gated Community, Laundry, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable, Waterfront
Exterior: Concrete, Block, Stucco
Exterior: Balcony, Shower, Tennis Court
Financing Terms: Other
Flooring: Floor Tile
HOA: Yes
Interior: Breakfast Bar, Kitchen Island, Lighting Recessed, Newly Painted, Owners Closet, Split Bedroom, Walls Mirrored, Washer/Dryer Hookup
Parcel Number: 30189-008-000
Pool Features: Pool - In-Ground, Pool Type
Property Condition: Renovated, Construction Complete
Rooms Total: 9
Sewer: Public Sewer
Special View Info: Pond, Gulf
Sub Type: Condominium
Utilities: Electric, Public Water, TV Cable
Waterfront: Pond
Window: Skylight(s), Window Treatment All, Storm Windows

Room Sizes

Primary Bedroom: 15 X 14 Level - Second
Bedroom: 10 X 11 Level - Second
Bedroom: 12 X 14 Level - Second
Bedroom: 11 X 10 Level - First
Living Room: 26 X 14 Level - First
Kitchen: 11 X 8 Level - First
Full Bathroom: 11 X 7 Level - First
Full Bathroom: 11 X 7 Level - Second
Primary Bathroom: 7 X 7 Level - Second

Local Schools

High School: Arnold
Middle School: Breakfast Point
Elementary School: Breakfast Point

Listed By / Shown By

Listed By

Agency Name: Beachy Beach Real Estate

Shown By

Agency Title: Premier Property Group
Agency Phone: 850-337-1555

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Estimated Payment

$ 2,156.61 per month $1,424.36 Principal & Interest $545.58 Property Tax $186.67 Homeowner's Insurance

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