8727 Thomas Dr Unit C38 Panama City, FL 32408
Estimated payment $3,022/month
Total Views
8,777
2
Beds
2
Baths
1,086
Sq Ft
$327
Price per Sq Ft
Highlights
- Beach
- Property fronts gulf or ocean
- Home fronts a pond
- J.R. Arnold High School Rated A-
- Pool House
- Gated Community
About This Home
LOWSET HOA's of all the comps, and one of the top 3 LOWEST Priced comps on the beach!!!
INVESTOR'S DREAM!!!
Newly Remodeled (over $35k), one of the only Pet Friendly Vacation Rentals on the Beach, park just a Few Feet from your door (no elevators!), Sleeps 8, INCREDIBLE ROI potential, and located in one of the most Highly sought after locations on the beach... The PERFECT condo truly does exist!
Booked all Summer for an immediate return on your investment!!!
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 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 soon opening it's very first beach bar just 2 doors down?!? Yep... talk about KILLER location!!!
AMMENITIES: Success in business is all about Competitive Advantage, and Sugar Beach offers something that differentiates itself from every other rental in PCB... It is one of the only PET FRIENDLY Gulf-front destinations in the entire area.
Years of market data shows that pet friendly options bring a higher nightly rate, have a better occupancy 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 CERTAILY 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 2 bedroom in Sugar Beach brings in over $40k annually in rentals, and some of the well-established ones bring in over $70k. At the high end your annual ROI potential is truly limitless!!!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,226
Year Built
- Built in 1974
Lot Details
- Home fronts a pond
- Property fronts gulf or ocean
- Property is Fully Fenced
HOA Fees
- $751 Monthly HOA Fees
Home Design
- Flat Roof Shape
- Slab Foundation
- Stucco
Interior Spaces
- 1,086 Sq Ft Home
- 3-Story Property
- Furnished
- Woodwork
- Ceiling Fan
- Recessed Lighting
- Window Treatments
- Living Room
Kitchen
- Electric Oven or Range
- Self-Cleaning Oven
- Cooktop with Range Hood
- Microwave
- Ice Maker
- Dishwasher
Flooring
- Painted or Stained Flooring
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
- En-Suite Primary Bedroom
- 2 Full Bathrooms
- Shower Only
- Primary Bathroom includes a Walk-In Shower
Laundry
- Dryer
- Washer
Home Security
Pool
- Pool House
- In Ground Pool
- Outdoor Shower
Outdoor Features
- Pond
- Balcony
- Covered Deck
- Covered Patio or Porch
- Built-In Barbecue
Schools
- Breakfast Point Elementary And Middle School
- Arnold High School
Utilities
- Central Air
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 30189-101-000
Community Details
Overview
- Association fees include ground keeping, management, security, sewer, water, cable TV, trash
- 119 Buildings
- 119 Units
- Sugar Beach Condominiums Subdivision
Amenities
- Community Barbecue Grill
- Picnic Area
- Game Room
- Recreation Room
- Laundry Facilities
Recreation
- Beach
- Tennis Courts
- Community Pool
Pet Policy
- Pets Allowed
Security
- Gated Community
- Fire and Smoke Detector
Map
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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 | $3,450 | $327,525 | -- | $327,525 |
| 2023 | $3,450 | $331,500 | $0 | $331,500 |
| 2022 | $2,515 | $184,807 | $0 | $0 |
| 2021 | $2,300 | $168,006 | $0 | $0 |
| 2020 | $2,104 | $170,000 | $0 | $170,000 |
| 2019 | $1,724 | $134,385 | $0 | $134,385 |
| 2018 | $1,898 | $138,848 | $0 | $0 |
| 2017 | $1,481 | $126,225 | $0 | $0 |
| 2016 | $1,346 | $114,750 | $0 | $0 |
| 2015 | $1,294 | $106,800 | $0 | $0 |
| 2014 | $1,185 | $97,750 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Pending | -- | -- | -- |
| 08/08/2025 08/08/25 | Price Changed | $355,000 | -5.3% | $327 / Sq Ft |
| 06/27/2025 06/27/25 | Price Changed | $375,000 | -2.8% | $345 / Sq Ft |
| 05/30/2025 05/30/25 | Price Changed | $386,000 | -2.2% | $355 / Sq Ft |
| 05/23/2025 05/23/25 | Price Changed | $394,600 | 0.0% | $363 / Sq Ft |
| 05/16/2025 05/16/25 | Price Changed | $394,700 | 0.0% | $363 / Sq Ft |
| 05/09/2025 05/09/25 | Price Changed | $394,800 | 0.0% | $364 / Sq Ft |
| 05/02/2025 05/02/25 | Price Changed | $394,900 | 0.0% | $364 / Sq Ft |
| 03/14/2025 03/14/25 | For Sale | $395,000 | -- | $364 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | None Listed On Document |
Source: Public Records
Similar Homes in Panama City, FL
Source: Emerald Coast Association of REALTORS®
MLS Number: 971151
APN: 30189-101-000
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