8727 Thomas Dr Unit B17 Panama City, FL 32408
Estimated payment $2,797/month
Highlights
- Deeded access to the beach
- Gated Community
- Living Room
- J.R. Arnold High School Rated A-
- Balcony
- Picnic Area
About This Home
The Investor's Trifecta!!! LOWEST OVERALL PRICE, LOWEST Sq/Ft PRICE, and some of the LOWEST HOA's of all the 3 Bedroom / 3 Bathroom condos located on the beach! This is the ONLY condo in town that offers all 3! And when you consider that highly anticipated development is taking place on both sides of the complex - this truly is the right opportunity, in the right location, at the right price, at EXACTLY the right time!!! Let's look at the facts... Maximizing rental income starts with one basic concept - maximizing ''Heads in Beds.'' And when it comes to ensuring incredible occupancy rates, this unit offers all the key amenities renters look for when booking their vacation: View, Location, Complex Amenities, and Price. VIEW: Most people come to PCB for the breathtaking Gulf views, and being just a few short feet to your very own private Beach Access - this condo does not disappoint. What they don't expect is to also have an incredible view over an expansive courtyard that is so well manicured, including a beautiful Koi/Turtle pond. Sugar Beach is the only place on the beach with views like this, and they are truly unforgettable... LOCATION: After watching some of the world's most awe-inspiring sunsets, simply head out your front door and experience the legendary action of Thomas Drive. If you don't want to drive to dinner, rest assured knowing that your vehicle is safely parked right outside - and there is no need to drive anywhere to enjoy the best that PCB has to offer. Located on the coveted East end of the beach (considerably less traffic), there are go cart tracks, video arcades, mini golf courses, thrill rides, ice cream shops, a winery, souvenir shops, etc. - directly in front of the property. For the adults, there are numerous bars/restaurants, and countless options for live music, right outside your door - including the Famous Ms. Newby's! No need to drive after those adult beverages, your condo is perfectly located just a few seconds away!!! And did I mention that Tootsies is looking to open its very first beach bar just 2 doors down? How about the highly anticipated Margaritaville a few doors down the other direction?!? Yep... talk about KILLER location!!! AMMENITIES: Success in business is all about Competitive Advantage, and Sugar Beach offers something that differentiates itself from everyone else in PCB... It 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 you have true competitive advantage with this one. 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! It also offers a private gated beach access, a pool, huge clubhouse with games, tennis/pickleball courts, shuffleboard, a grilling area, over 375 feet of incredible beach access, and expansive greenspace unique from every other Gulf Front property in PCB! PRICE: Last but not CERTAINLY not least, renters pick their vacation condo based on price. With a low selling price, low utility costs, and some of the lowest HOA's of all the competition, you have less overhead which ensures that you can charge less per night (as compared to the competition), bringing in strong rentals and generating an incredible profit! The average 3 bedroom in Sugar Beach brings in over $65k annually in rentals, and some of the well-established ones bring in over $80k. At the high end your annual ROI would be well over 11% on a financed purchase - which is unheard of nowadays. Welcome Home!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,828
Year Built
- Built in 1974
Interior Spaces
- 3-Story Property
- Living Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Deeded access to the beach
- Balcony
Schools
- Breakfast Point Elementary And Middle School
- Arnold High School
Community Details
Overview
- Property has a Home Owners Association
- Low-Rise Condominium
- Sugar Beach Condo Subdivision
Additional Features
- Picnic Area
- Gated Community
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 | $4,520 | $281,590 | -- | -- |
| 2023 | $4,520 | $461,536 | $0 | $461,536 |
| 2022 | $3,075 | $232,719 | $0 | $0 |
| 2021 | $2,953 | $211,563 | $0 | $0 |
| 2020 | $2,473 | $205,700 | $0 | $205,700 |
| 2019 | $2,016 | $158,950 | $0 | $158,950 |
| 2018 | $2,407 | $191,651 | $0 | $0 |
| 2017 | $2,038 | $174,228 | $0 | $0 |
| 2016 | $1,849 | $158,389 | $0 | $0 |
| 2015 | $1,751 | $143,990 | $0 | $0 |
| 2014 | $1,685 | $130,900 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/28/2025 11/28/25 | For Sale | $455,000 | +225.0% | $301 / Sq Ft | |
| 06/20/2022 06/20/22 | Off Market | $140,000 | -- | -- | |
| 04/27/2012 04/27/12 | Sold | $140,000 | -41.4% | $93 / Sq Ft | View Prior Sale |
| 03/12/2012 03/12/12 | Pending | -- | -- | -- | |
| 03/09/2011 03/09/11 | For Sale | $239,000 | -- | $158 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100 | None Listed On Document | |
| Warranty Deed | $220,000 | Mti Title Ins Agency Inc | |
| Warranty Deed | $140,000 | Cornerstone Title Agency Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $105,000 | New Conventional |
Source: Central Panhandle Association of REALTORS®
MLS Number: 782160
APN: 30189-035-000
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