NOT LISTED FOR SALE

8727 Thomas Dr Unit C38 Panama City, FL 32408

Estimated Value: $327,000 - $337,245

2 Beds
2 Baths
1,086 Sq Ft
1974 Built

Sale Details

Date Sold: September 17, 2025

Last sale price $331,586 $305 Per Sq Ft

Current estimated payment $2,125 / mo

166 Days on Market

Highlights

  • Lake Front
  • Deeded access to the beach
  • In Ground Pool
  • Beach
  • 24-Hour Security
  • Gulf View

About This Home

As of September 2025

UNDER CONTRACT - ACCEPTING BACKUP OFFERS!!! 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, gated community, and located in one of the most Highly sought after locations on the beach... The PERFECT condo truly does exist! Booked all Summer for 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!!!

Last Agent to Sell the Property

Garrett Aune

Beachy Beach Real Estate License #SL352911 Listed on: 03/02/2025

Beachy Beach Real Estate

Last Buyer's Agent

Garrett Aune

Beachy Beach Real Estate License #SL352911 Listed on: 03/02/2025

Beachy Beach Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,226

Year Built

  • Built in 1974

Lot Details

  • Lake Front
  • Fenced

Property Views

  • Gulf
  • Lake

Home Design

  • Flat Roof Shape

Interior Spaces

  • 3-Story Property
  • Living Room
  • Electric Oven
  • Stacked Washer and Dryer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Security Lights
  • Security Gate

Parking

  • Additional Parking
  • Parking Lot

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Deeded access to the beach
  • Balcony
  • Patio
  • Porch

Schools

  • Breakfast Point Elementary And Middle School
  • Arnold High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Community Details

Overview

  • Property has a Home Owners Association
  • 119 Units
  • Low-Rise Community
  • Sugar Beach Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Laundry Facilities

Recreation

  • Beach
  • Tennis Courts
  • Community Pool

Security

  • 24-Hour Security
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,226

Year Built

Built in 1974

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • Property Sub Type: Condominium
  • Road Frontage Type: City Street
  • Subdivision Name: Sugar Beach Condo
  • Architectural Style: Low Rise
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Washer/Dryer Stacked, Electric Oven
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Dining Room Type: Bedroom, Full Bath, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Patio
  • Stories: 3

Exterior Features

  • Pool Features: Fenced, In Ground, Community
  • Fencing: Full, Fenced
  • View: Gulf, Lake
  • View: Yes
  • Waterfront Features: Lake, Lake Front, Other, Shoreline - Sand
  • Waterfront: Yes
  • Construction Type: Concrete
  • Exterior Features: Barbecue, Patio
  • Patio And Porch Features: Balcony, Patio, Open, Porch
  • Roof: Flat

Garage/Parking

  • Parking Features: Additional Parking, Parking Lot
  • Garage: No
  • Attached Garage: No

Utilities

  • Utilities: High Speed Internet Available, Phone Connected
  • Security Features: Security Gate, Gated Community, 24 Hour Security, Security Lights, Smoke Detector(s), Security Service
  • Cooling: Central Air, ENERGY STAR Qualified Equipment
  • Heating: Central, ENERGY STAR Qualified Equipment
  • Laundry Features: Stacked
  • Green Building Features: Dumpster
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

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

Schools

  • Middle Or Junior School: Breakfast Point

Lot Info

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

Multi Family

  • Number Of Units Total: 119
  • Number Of Units Furnished: All Units

Tax Info

  • Tax Annual Amount: 4226.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Breakfast Point
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2025
Closed on
Sep 17, 2025
Sold by
Pcbflc38 Llc
Bought by
Burden Thomas W
Seller's Agent
Garrett Aune
Beachy Beach Real Estate
Buyer's Agent
Garrett Aune
Beachy Beach Real Estate
List Price
$395,000
Sold Price
$331,586
Premium/Discount to List
-$63,414
-16.05%
Views
66
Current Estimated Value
$332,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$975
Avg. Annual Appreciation
0.45%
Original Mortgage
$265,268
Outstanding Balance
$264,563
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$67,998

Purchase Details

Closed on
Jul 14, 2023
Sold by
Trust For Michael L Plott
Bought by
Pcbflc38 Llc
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Burden Thomas W $331,600 Defender Title & Escrow
Pcbflc38 Llc $100 None Listed On Document
Pcbflc38 Llc $100 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Burden Thomas W $265,268
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2025 09/17/25 Sold $331,586 -6.6% $305 / Sq Ft
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
03/02/2025 03/02/25 For Sale $395,000 -- $364 / Sq Ft
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 $4,226 $318,750 -- $318,750
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

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 769621

Central Panhandle Association of REALTORS®

APN: 30189-101-000

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