8727 Thomas Dr Unit B13 Panama City, FL 32408
Estimated payment $3,079/month
Highlights
- Lake Front
- Beach
- In Ground Pool
- J.R. Arnold High School Rated A-
- Deeded access to the beach
- Gulf View
About This Home
LOWEST PRICED 3 bed / 3 bath condo on the ENTIRE BEACH!!!
Experienced investors are trained to ''love'' the number and simply ''like'' the property, but why not have both? This is by far the LOWEST PRICED comp in the entire town that is this close to the sand, and if pricing wasn't an instant attention grabber... it also has some of the lowest HOA fee's of all the comps!
Simply put, you will not find a 3 bedroom condo on the beach with views like this. Only a few feet from the sand, you can go from your incredible condo to the emerald green waters before folks in other communities can even catch an elevator! That's right... park directly at your door, and within seconds, find your toes in the sand and your soul soaking in the sun.
A key requirement for generating strong rentals is location, and the prime location is where this condo TRULY outshines all other competition.
For the kiddos, there are go cart tracks, video arcades, mini golf courses, thrill rides, ice cream shops, souvenir shops, and the list goes on!
For the adults, there are numerous bars/restaurants right outside your door - including the Famous Ms. Newby's! To make it even better, Tootsies will be opening their highly anticipated Beach Bar just 2 doors down - where big name band's will undoubtedly be brought back to the beach. No need to drive after those adult beverages, your condo is perfectly located just a few seconds away!!!
Although the legendary action of Thomas Dr is right outside your front door, if it's peace and quiet you seek, you will lose yourself in the serenity of the lush and peaceful oasis of Sugar Beach. Offering one of the largest and most unique greenspaces in all of PCB, this incredible community offers ample room to stretch your legs while walking the well-manicured path around the pristine sprawling koi/turtle pond. You will not find another property in town that is directly on the beach - yet also offers such an incredible courtyard with a pool, tennis/pickleball courts, shuffleboard, a grilling area, a community clubhouse, a private gated beach access, and over 375 feet of incredible beach access!
Sugar Beach is one of the only pet friendly Gulf front rental destinations in the entire area. Years of market data shows that pet friendly options bring a higher nightly rate, have a better vacancy rate, and are more likely to attract ''snowbirds'' during the off season, so when it comes to rentals, you find yourself with a true competitive advantage.
In addition to being pet friendly, Sugar Beach is a private/family friendly gated community with no elevators. The list of Gulf Front complexes where you can park directly at your door are few and far between, but Sugar Beach offers exactly that!
This amazing unit has already been updated with over $50k in upgrades: All new hurricane doors and windows in 2024, newly remodeled bathrooms upstairs, new LVP and Tile flooring in most areas, custom woodwork in the living room and stairs, etc. It is turnkey and ready to go!!!
With many 3 bedroom units in Sugar Beach generating $60k+ annually in rentals... One look at the numbers, one look at the condo, and one look at the location - and you will become a firm believer. This condo genuinely has it all and will turn an incredible profit - while creating unforgettable lifetime memories for years to come.
Welcome to Paradise!!!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,036
Year Built
- Built in 1974
Lot Details
- Lake Front
- Property fronts gulf or ocean
- Landscaped
Property Views
- Gulf
- Lake
Home Design
- Flat Roof Shape
- HardiePlank Type
- Stucco
Interior Spaces
- Crown Molding
- Ceiling Fan
- Skylights
- Double Pane Windows
- Window Treatments
- Living Room
- Stacked Washer and Dryer
Kitchen
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
- 3 Full Bathrooms
Home Security
- Home Security System
- Security Gate
- Smart Thermostat
Parking
- Electric Gate
- Parking Lot
Pool
- In Ground Pool
- Fence Around Pool
Outdoor Features
- Deeded access to the beach
- Balcony
- Patio
Schools
- Breakfast Point Elementary And Middle School
- Arnold High School
Utilities
- Central Heating and Cooling System
Community Details
Overview
- Property has a Home Owners Association
- Association fees include clubhouse, cable TV, ground maintenance, pool(s), sewer, security, tennis courts, trash, water
- Low-Rise Condominium
- Sugar Beach Condo Subdivision
Amenities
- Community Barbecue Grill
- Picnic Area
- Clubhouse
- Meeting Room
- Laundry Facilities
Recreation
- Beach
- Tennis Courts
- Community Pool
- Park
Security
- Security Service
- Gated Community
- Storm Windows
- Storm Doors
- Fire and Smoke Detector
Map
Home Values in the Area
Average Home Value in this Area
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 |
---|---|---|---|---|
2024 | $4,711 | $318,835 | -- | -- |
2023 | $4,711 | $289,850 | $0 | $461,536 |
2022 | $3,219 | $263,500 | $0 | $263,500 |
2021 | $3,160 | $255,000 | $0 | $255,000 |
2020 | $2,538 | $205,700 | $0 | $205,700 |
2019 | $2,016 | $158,950 | $0 | $158,950 |
2018 | $2,410 | $192,405 | $0 | $0 |
2017 | $2,059 | $178,500 | $0 | $0 |
2016 | $901 | $111,748 | $0 | $0 |
2015 | $925 | $110,971 | $0 | $0 |
2014 | $913 | $110,090 | $0 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/05/2025 09/05/25 | For Sale | $499,000 | +66.3% | $330 / Sq Ft |
02/14/2020 02/14/20 | Sold | $300,000 | 0.0% | $198 / Sq Ft |
01/02/2020 01/02/20 | Pending | -- | -- | -- |
09/10/2019 09/10/19 | For Sale | $300,000 | -- | $198 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $300,000 | Mti Title Insurance Agcy Inc | |
Warranty Deed | $215,000 | Mti Title Ins | |
Warranty Deed | $380,000 | Lawyers Title Agency Of Nort | |
Warranty Deed | $155,000 | Lawyers Title Agency N Fl In |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $240,000 | New Conventional | |
Previous Owner | $150,000 | Future Advance Clause Open End Mortgage | |
Previous Owner | $210,000 | Purchase Money Mortgage | |
Previous Owner | $100,000 | Credit Line Revolving |
Source: Central Panhandle Association of REALTORS®
MLS Number: 778654

APN: 30189-031-000
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