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8727 Thomas Drive , Unit C8

Panama City Beach, FL 32408
  • $415,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 912019
UPDATED: 55 min ago
$415,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,086
    SQFT
  • $382
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1974
County:
Bay
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Interest Rates got you down? Thinking you can't make a solid return on your investment if you buy an investment property at today's interest rates? Good news... I've got you covered! This is the LOWEST PRICED GULF VIEW 2 BED / 2 BATH CONDO IN PCB without needing an elevator! Investors Dream - Unbelievable ROI Potential!!! Sugar Beach is truly a hidden gem where time stands still, and lifelong memories are made with family and friends! The serene gulf and private pond views from the Master Bedroom and Balcony are truly awe inspiring, and the world-renowned action of Thomas Drive can easily be experienced from your 2nd floor front balcony.2 bed/2 bath condos in Sugar Beach are true rental machines, and this one is sure to be no exception. This unit is turnkey, has been 80% remodeled within the past year, and is ready to put some serious money into your bank account today! This amazing condo boasts beautiful LVP flooring throughout, and brand new furniture in both the living room and secondary bedroom. The kitchen will take your breath away with its brand-new high-end shaker style cabinetry with soft close doors, stylish white/grey granite counter tops, and a backsplash that ties everything together and completes the perfect picture! The average 2-bedroom condo in Sugar Beach brings in over $45k annually in rentals, and some of the well established ones bring in over $75k. At the high end... your annual ROI would be well over 30% on a financed purchase - which is unheard of nowadays! And even as you are getting established and building your client base, you would still be enjoying a 1.5% ROI - plus appreciation and equity gains (which is way better than banks, crypto, and the stock market offers right now)!!! Financed Purchase @ $45k Rentals = 1.5% ROI Financed Purchase @ $75k Rentals = 33% ROI Cash Purchase @ $45k Rentals = 7% ROI Cash Purchase @ $75k Rentals = 14% ROI Now you can see... this one is a steal at this price!!! Sugar Beach has everything you could ask for to ensure enormous rental income. It is one of the few remaining pet friendly vacation destinations in PCB - which is a HUGE amenity for renters (giving you a truly competitive advantage). Gated community, no elevators, park directly at your door, private gated beach access, pool, tennis, shuffleboard, grilling area, huge koi/turtle pond right out your back door, countless nearby restaurants/activities, and the list goes on! Welcome home to Paradise!!! *Low quarterly HOA Fees include water, trash, cable, exterior insurance, grounds keeping, 24 hour video surveillance, community amenities (pool, tennis court x 2, shuffleboard, Koi pond, community room/kitchen, ping pong), on site maintenance 8 hours daily, onsite property management Mon-Fri, and private gated beach access. *Measurements are approximate, buyer to verify if needed*

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© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Classic Luxury Real Estate, LLC. Vendor Member number: 28178. Data last updated: 2022-12-02T07:59:22.553.
Vendor Member #28178.
www.liveandplayon30a.com/homes/134815313
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8727 Thomas Drive , Unit C8 Panama City Beach, FL 32408

  • Price: $415,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 55 min ago
  • MLS #: 912019
2
Beds
2
Baths
0
½ Baths
N/A
Acres
1,086
SQFT
$382
$/SQFT
1974
Built
Neighborhood:
Sugar Beach T/H
County:
Bay
Area:
Bay County
Elementary School:
Breakfast Point
Middle School:
Breakfast Point
High School:
Arnold
Property Description
Interest Rates got you down? Thinking you can't make a solid return on your investment if you buy an investment property at today's interest rates? Good news... I've got you covered! This is the LOWEST PRICED GULF VIEW 2 BED / 2 BATH CONDO IN PCB without needing an elevator! Investors Dream - Unbelievable ROI Potential!!! Sugar Beach is truly a hidden gem where time stands still, and lifelong memories are made with family and friends! The serene gulf and private pond views from the Master Bedroom and Balcony are truly awe inspiring, and the world-renowned action of Thomas Drive can easily be experienced from your 2nd floor front balcony.2 bed/2 bath condos in Sugar Beach are true rental machines, and this one is sure to be no exception. This unit is turnkey, has been 80% remodeled within the past year, and is ready to put some serious money into your bank account today! This amazing condo boasts beautiful LVP flooring throughout, and brand new furniture in both the living room and secondary bedroom. The kitchen will take your breath away with its brand-new high-end shaker style cabinetry with soft close doors, stylish white/grey granite counter tops, and a backsplash that ties everything together and completes the perfect picture! The average 2-bedroom condo in Sugar Beach brings in over $45k annually in rentals, and some of the well established ones bring in over $75k. At the high end... your annual ROI would be well over 30% on a financed purchase - which is unheard of nowadays! And even as you are getting established and building your client base, you would still be enjoying a 1.5% ROI - plus appreciation and equity gains (which is way better than banks, crypto, and the stock market offers right now)!!! Financed Purchase @ $45k Rentals = 1.5% ROI Financed Purchase @ $75k Rentals = 33% ROI Cash Purchase @ $45k Rentals = 7% ROI Cash Purchase @ $75k Rentals = 14% ROI Now you can see... this one is a steal at this price!!! Sugar Beach has everything you could ask for to ensure enormous rental income. It is one of the few remaining pet friendly vacation destinations in PCB - which is a HUGE amenity for renters (giving you a truly competitive advantage). Gated community, no elevators, park directly at your door, private gated beach access, pool, tennis, shuffleboard, grilling area, huge koi/turtle pond right out your back door, countless nearby restaurants/activities, and the list goes on! Welcome home to Paradise!!! *Low quarterly HOA Fees include water, trash, cable, exterior insurance, grounds keeping, 24 hour video surveillance, community amenities (pool, tennis court x 2, shuffleboard, Koi pond, community room/kitchen, ping pong), on site maintenance 8 hours daily, onsite property management Mon-Fri, and private gated beach access. *Measurements are approximate, buyer to verify if needed*
Exterior Features

Architectural Style N/A Construction Materials ConcreteRoof Flat Exterior Features BalconyBbq Pit/GrillPool - In-GroundTennis Court View PondGulf Waterfront Features GulfPond Waterfront YN Yes

Interior Features

Interior Features Floor TileFurnished - AllSplit Bedroom Kitchen Appliances DishwasherDisposalDryerMicrowaveRefrigeratorRefrigerator W/IcemkSmoke DetectorStove/Oven ElectricWasher Room Type Master BedroomBedroomMaster BathroomFull BathroomKitchenLiving RoomBalcony Rooms Total 7

Property Features

Association Fee Frequency Quarterly Association Fee Includes Ground KeepingInsuranceSecuritySewerWater Association Fee2 1383.39 Association YN Yes Buyer Financing ConventionalFhaVa Community Features Bbq Pit/GrillBeachCommunity RoomDumpsterGated CommunityHandballLaundryPets AllowedPoolTennisTv CableWaterfront New Construction YN No Number Of Units Buildings 119 Number Of Units In Community 119 Property Class Residential Property Condition Construction Complete Property Sub Type Condominium Tax Amount 2300 Tax Year 2021 Utilities ElectricPhonePublic SewerPublic WaterTv Cable

Listing courtesy of Beachy Beach Real Estate: (850) 233-4351.


© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Classic Luxury Real Estate, LLC. Vendor Member number: 28178. Data last updated: 2022-12-02T07:59:22.553.
Vendor Member #28178.
 
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