NOT LISTED FOR SALE

8727 Thomas Dr Unit A7 Panama City, FL 32408

Estimated Value: $562,000 - $689,000

4 Beds
3 Baths
1,750 Sq Ft
$709/ mo HOA Fee

Last Sold October 25, 2022

Last sale price $650,000 $371 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,466/month

44 Days on Market

Highlights

  • Beach Front
  • In Ground Pool
  • Gulf View
  • Beach
  • Home fronts a pond
  • Primary Bedroom Suite

About This Home

As of October 2022

AMAZING NEW RENOVATIONS!!! This is by far the lowest priced gulf view 4/3 on the entire beach with views this stunning - and with such close proximity to the sugar white sand! Easily get to the beach from your front door in just a few seconds!

BRAND NEW UPDATES include: removing all drop panel ceilings/replacing with sheetrock and recessed lighting, new hot water heater, new smart home system (thermostat, door lock, door camera), removal of all popcorn ceilings, updating all furniture, removing the hot tub from the master bedroom, and the list goes on! In addition to the new updates, this condo features high end amenities throughout that were updated less than 2 years ago! Luxury flooring (LVP), stainless appliances, granite countertops, tile showers, designer vanities in every bathroom, and brand-new hurricane sliding doors on both balconies ($40k value).

Just imagine waking up in the morning and opening your eyes to the awe inspiring sight of the Gulf - all while still laying comfortably in your king bed!

The views of the white sandy beach from both the 2nd and 3rd floor balconies are truly mesmerizing, and with rental projections of $80k+, opportunities like this simply don't come along often. Being sold fully furnished and turnkey ready. Begin making money day 1!

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!

Banks offer less than a 1% annual ROI, and stocks and crypto values have been declining. Enjoy a projected 5-7% annual ROI with this amazing investment opportunity!

Welcome home to Paradise!!!

Last Agent to Sell the Property

Garrett Aune

Beachy Beach Real Estate License #3529211 Listed on: 08/09/2022

Beachy Beach Real Estate

Last Buyer's Agent

Jeffrey Brown

EXP Realty LLC License #3510715

EXP Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,417

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • Home fronts a pond
  • Beach Front
  • Property is Fully Fenced

HOA Fees

  • $709 Monthly HOA Fees

Property Views

  • Gulf
  • Pond

Home Design

  • Newly Painted Property
  • Flat Roof Shape
  • Flat Roof with Façade front
  • Concrete Siding

Interior Spaces

  • 1,750 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Insulated Doors
  • Living Room
  • Laminate Flooring

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Home Security

Eco-Friendly Details

  • Energy-Efficient Doors

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Pond
  • Balcony
  • Open Patio
  • Built-In Barbecue

Schools

  • Breakfast Point Elementary And Middle School
  • Arnold High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 30189-008-000

Community Details

Overview

  • Association fees include ground keeping, security, sewer, water, cable TV, trash
  • 119 Buildings
  • 119 Units
  • Sugar Beach Condominiums Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Recreation Room
  • Laundry Facilities

Recreation

  • Beach
  • Tennis Courts
  • Handball Court
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,417

Year Built

Built in 1974 | Remodeled

Lot Details

392 Sq Ft Lot

HOA Fees

$709 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Sugar Beach Condominiums
  • 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 key pad. Pull in to the complex and turn right. Follow the property fence all the way around to the West side of the complex (next to the Summit). Unit A7 will be 3/4 of the way back - on the left.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Efficiency: Doors
  • Year Built: 1974
  • Remarks Misc:Remarks: AMAZING NEW RENOVATIONS!!! This is by far the lowest priced gulf view 4/3 on the entire beach with views this stunning - and with such close proximity to the sugar white sand! Easily get to the beach from your front door in just a few seconds! BRAND NEW UPDATES include: removing all drop panel ceilings/replacing with sheetrock and recessed lighting, new hot water heater, new smart home system (thermostat, door lock, door camera), removal of all popcorn ceilings, updating all furniture, removing the hot tub from the master bedroom, and the list goes on!
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Utilities:Community Water: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Insulated Doors: Yes
  • Waterfront:Shore - Beach: Yes
  • Waterfront:Pond: Yes
  • Waterview:Pond2: Yes
  • Special Features: None

Interior Features

  • Number Of Buildings: 119
  • Appliances: Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Interior Amenities: Floor Laminate, Furnished - All, Lighting Recessed, Newly Painted, Owner's Closet, Renovated, Washer/Dryer Hookup
  • Stories: 3
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Mstr BdrmMstr Bath:MBath Shower Only: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Newly Painted: Yes
  • Interior:Floor Laminate: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Pond, Gulf
  • Waterfront Features: Pond, Shore - Beach
  • Waterfront: Yes
  • Construction Type: Concrete, Roof Flat
  • Exterior Features: Balcony, BBQ Pit/Grill, Fenced Lot-All, Patio Open, Pool - In-Ground, Shower, Tennis Court
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • Exterior:Balcony: Yes
  • Exterior:Patio Open: Yes
  • Exterior:Shower: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Tennis Court: Yes
  • ConstructionSiding:Roof Flat: Yes
  • Exterior:Fenced Lot-All: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Community Water, Electric, Public Sewer, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Dumpster, Gated Community, Handball, Laundry, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 2125.55
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Security, Sewer, Water, Cable TV, Trash

Schools

  • Elementary School: Breakfast Point
  • High School: Arnold
  • Middle Or Junior School: Breakfast Point

Lot Info

  • Parcel #: 30189-008-000
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 119

Tax Info

  • Tax Annual Amount: 2417.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2022
Closed on
Oct 21, 2022
Sold by
Grayson Glenn T
Bought by
Bohn Steven and Mcgill John
Seller's Agent
Garrett Aune
Beachy Beach Real Estate
Buyer's Agent
Jeffrey Brown
EXP Realty LLC
List Price
$650,000
Sold Price
$650,000
Current Estimated Value
$615,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,916
Avg. Annual Appreciation
-1.61%
Original Mortgage
$551,850
Outstanding Balance
$525,743
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$89,341

Purchase Details

Closed on
Apr 9, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Grayson Glenn T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2009
Sold by
Thomson Kim
Bought by
Deutsche Bank National Trust Company
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
Bohn Steven $650,000 --
Grayson Glenn T $186,000 Watson Title Ins Agency Inc
Deutsche Bank National Trust Company -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bohn Steven $551,850
Previous Owner Grayson Glenn T $139,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2022 10/25/22 Sold $650,000 -3.7% $371 / Sq Ft
09/22/2022 09/22/22 Pending -- -- --
08/30/2022 08/30/22 Price Changed $675,000 +3.8% $386 / Sq Ft
08/09/2022 08/09/22 For Sale $650,000 -- $371 / Sq Ft
Source: Emerald Coast 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 $6,576 $527,780 -- $527,780
2023 $6,576 $534,185 $0 $534,185
2022 $3,236 $205,700 $0 $0
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: Emerald Coast Association of REALTORS®

MLS Number: 905574

Emerald Coast Association of REALTORS®

APN: 30189-008-000

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