NOT LISTED FOR SALE

8727 Thomas Dr Unit A2 Panama City, FL 32408

Estimated Value: $561,000 - $671,000

3 Beds
3 Baths
1,750 Sq Ft
1974 Built

Last Sold September 10, 2021

Last sale price $420,000 $240 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,744/month

Highlights

  • Beach
  • Gated Community
  • Community Pool
  • Gated Parking
  • Clubhouse
  • Tennis Courts

About This Home

As of September 2021

CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. This is an absolute showstopper! Originally built as a 4 bedroom, this Sugar Beach unit was converted into a 3-bedroom (1,750 sq. ft.) custom beach condo! The kitchen has highly desirable cabinets & drawers with smooth closing features; appliances are all Kenmore Elite with double oven; high end granite with rounded corners, tile backsplash, built in trash can, double sink facing the living room & a large pantry with custom shelving! There is even a tankless water heater! The condo of your dreams has updated lighting, nest thermostat, plantation shutters, hurricane rated sliders, remodeled bathrooms-tile, fresh paint, new flooring, & convenient 2nd floor washer/dryer. This pristine condo offers gulf and lake views and is a beautiful investment for personal use or as a vacation rental. There are too many updates to mention, you have to see it for yourself!
Make sure you check out the full upgrade list in the documents section. Even the concrete walls have been covered with drywall and the HVAC replaced in April 2018. Sugar Beach is family-friendly resort in Panama City Beach, FL! The swimming pool & clubhouse with ping pong table is always a favorite! If you are interested in grilling outdoors, head to the BBQ grill area and never miss a friendly game of shuffleboard. The lighted tennis courts will help keep your competitive spirit alive! The location is only 4 Miles to St. Andrews State Park and 1 Mile from Wal-Mart Super Center. Included with the HOA dues is cable TV, water and sewer. An added plus....Sugar Beach is pet friendly (owner pets only). Don't forget the best part...enjoy the private access beach for gorgeous sunrises and sunsets! All information is approx and must be verified by Buyer if important.

Last Agent to Sell the Property

Scott Ingraham

Scott Ingraham Real Estate License #0644654 Listed on: 07/09/2021

Last Buyer's Agent

Tanya Childs

Corcoran Reverie License #SL3458754

Corcoran Reverie

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,338

Year Built

  • Built in 1974

Parking

  • Gated Parking

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Living Room
  • Security Gate
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Range
  • ENERGY STAR Qualified Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Balcony

Schools

  • Breakfast Point Elementary And Middle School
  • Arnold High School

Utilities

  • Central Air
  • Heat Pump System

Community Details

Overview

  • Property has a Home Owners Association
  • Low-Rise Condominium
  • Sugar Beach Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Beach
  • Tennis Courts
  • Community Pool
  • Park

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,338

Year Built

Built in 1974

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • Property Sub Type: Condominium
  • Lot Size: zero lot line
  • Subdivision Name: Sugar Beach Condo
  • Architectural Style: Low Rise
  • Unit Levels: Three Or More
  • Efficiency: Appliances
  • Building Stories: 3
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Washer/Dryer Stacked, ENERGY STAR Qualified Appliances, Electric Oven, Electric Range
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Dining Room Type: Bedroom, Living Room, Primary Bedroom
  • Stories: 3

Exterior Features

  • Pool Features: Other, Community
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: Gated
  • Garage: No

Utilities

  • Security Features: Security Gate
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Heat Pump
  • Laundry Features: Washer Hookup, Dryer Hookup, Stacked
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Beach, Clubhouse, Gated, Park, Pool, Tennis Court(s), Waterfront, Short Term Rental Allowed
  • Amenities: Other, See Remarks, Gated
  • Association: Yes

Schools

  • Middle Or Junior School: Breakfast Point

Lot Info

  • Lot Features: Paved
  • Mobile Dim Units: Feet
  • Zoning Description: Resid Multi-Family

Multi Family

  • Number Of Units Furnished: All Units

Tax Info

  • Tax Annual Amount: 2338.0
  • Tax Year: 2020

MLS Schools

  • Elementary School: Breakfast Point
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2023
Sold by
Viera Jeremy and Viera Margaret
Bought by
Salyers Joshua M
Current Estimated Value
$612,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,500
Outstanding Balance
$634,800
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
-$22,157

Purchase Details

Listed on
Jul 9, 2021
Closed on
Sep 13, 2021
Sold by
Trappe Owen S and Trappe Carolella D
Bought by
Anderson Margaret and Viera Jeremy
Seller's Agent
Scott Ingraham
Scott Ingraham Real Estate
Buyer's Agent
Tanya Childs
Corcoran Reverie
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.71%
Original Mortgage
$326,340
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 2020
Sold by
Wechsler Richard W and Wechsler Margaret A
Bought by
Trappe Owen S and Trappe Carolella D

Purchase Details

Closed on
Mar 19, 2020
Sold by
Wechsler Magaret A
Bought by
Wechsler Richard W and Wechsler Margaret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,500
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2015
Sold by
Stephens Deborah L
Bought by
Wechsler Margaret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 6, 2005
Sold by
Stephens Andy
Bought by
Stephens Deborah L
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Salyers Joshua M $649,500 Emerald Coast Title Services
Anderson Margaret $420,000 Cornerstone Title Agency Inc
Trappe Owen S $320,000 Attorney
Wechsler Richard W $70,000 Attorney
Wechsler Margaret A $190,000 Diamond Title Agency Inc
Stephens Deborah L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salyers Joshua M $649,500
Previous Owner Anderson Margaret $326,340
Previous Owner Wechsler Richard W $143,500
Previous Owner Wechsler Margaret A $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2022 06/20/22 Off Market $420,000 -- --
09/10/2021 09/10/21 Sold $420,000 -1.2% $240 / Sq Ft
07/09/2021 07/09/21 For Sale $425,000 -- $243 / Sq Ft
06/16/2021 06/16/21 Pending -- -- --
Source: Central Panhandle Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,686 $513,640 -- $513,640
2024 $5,617 $527,780 -- $527,780
2023 $5,617 $364,183 $0 $534,185
2022 $3,823 $331,075 $0 $331,075
2021 $2,417 $187,000 $0 $187,000
2020 $2,338 $187,000 $0 $187,000
2019 $2,031 $158,950 $0 $158,950
2018 $2,668 $213,414 $0 $0
2017 $2,268 $194,013 $0 $0
2016 $2,052 $176,375 $0 $0
2015 $2,210 $181,016 $0 $0
2014 $2,009 $164,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 712979

Central Panhandle Association of REALTORS®

APN: 30189-003-000

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