NOT LISTED FOR SALE

8727 Thomas Dr Unit C8 Panama City, FL 32408

Estimated Value: $348,432 - $393,000

2 Beds
2 Baths
1,086 Sq Ft
$461/mo HOA Fee

Last Sold March 16, 2023

Last sale price $395,000 $364 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,763/month

62 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Home fronts a pond
  • J.R. Arnold High School Rated A-
  • In Ground Pool
  • Gated Community

About This Home

As of March 2023

Interest Rates got you down? Thinking you can't make a solid return on your investment if you buy an investment property at today's interest rates? Good news... I've got you covered!

This is the LOWEST PRICED GULF VIEW 2 BED / 2 BATH CONDO IN PCB without needing an elevator! Investors Dream - Unbelievable ROI Potential!!!

Sugar Beach is truly a hidden gem where time stands still, and lifelong memories are made with family and friends!

The serene gulf and private pond views from the Master Bedroom and Balcony are truly awe inspiring, and the world-renowned action of Thomas Drive can easily be experienced from your 2nd floor front balcony. 2 bed/2 bath condos in Sugar Beach are true rental machines, and this one is sure to be no exception. This unit is turnkey, has been 80% remodeled within the past year, and is ready to put some serious money into your bank account today!

This amazing condo boasts beautiful LVP flooring throughout, and brand new furniture in both the living room and secondary bedroom. The kitchen will take your breath away with its brand-new high-end shaker style cabinetry with soft close doors, stylish white/grey granite counter tops, and a backsplash that ties everything together and completes the perfect picture!

The average 2-bedroom condo in Sugar Beach brings in over $45k annually in rentals, and some of the well established ones bring in over $75k. At the high end... your annual ROI would be well over 30% on a financed purchase - which is unheard of nowadays! And even as you are getting established and building your client base, you would still be enjoying a 1.5% ROI - plus appreciation and equity gains (which is way better than banks, crypto, and the stock market offers right now)!!!

Financed Purchase @ $45k Rentals = 1.5% ROI
Financed Purchase @ $75k Rentals = 33% ROI

Cash Purchase @ $45k Rentals = 7% ROI
Cash Purchase @ $75k Rentals = 14% ROI

Now you can see... this one is a steal at this price!!!

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!

Welcome home to Paradise!!!

*Low quarterly HOA Fees include water, trash, cable, exterior insurance, grounds keeping, 24 hour video surveillance, community amenities (pool, tennis court x 2, shuffleboard, Koi pond, community room/kitchen, ping pong), on site maintenance 8 hours daily, onsite property management Mon-Fri, and private gated beach access.

*Measurements are approximate, buyer to verify if needed*

Last Agent to Sell the Property

Garrett Aune

Beachy Beach Real Estate License #3529211 Listed on: 01/08/2023

Beachy Beach Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,300

Year Built

  • Built in 1974

Lot Details

  • Home fronts a pond
  • Property fronts gulf or ocean

HOA Fees

  • $461 Monthly HOA Fees

Property Views

  • Gulf
  • Pond

Home Design

  • Flat Roof Shape
  • Flat Roof with Façade front
  • Concrete Siding

Interior Spaces

  • 1,086 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Double Pane Windows
  • Living Room
  • Tile Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • In Ground Pool
  • Pond
  • Balcony
  • Built-In Barbecue

Schools

  • Breakfast Point Elementary And Middle School
  • Arnold High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 30189-044-000

Community Details

Overview

  • Association fees include ground keeping, insurance, security, sewer, water, cable TV, trash
  • 119 Buildings
  • 119 Units
  • Sugar Beach T/H Subdivision

Amenities

  • Community Barbecue Grill
  • Recreation Room
  • Laundry Facilities

Recreation

  • Beach
  • Tennis Courts
  • Handball Court
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Gated Community
  • Storm Windows
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,300

Year Built

Built in 1974

Lot Details

0

HOA Fees

$461 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: SUGAR BEACH T/H
  • 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 perimeter fence around to the back side of the complex. When you see the complex Exit gate on your right, immediately look left and you will see C8 on the 2nd floor.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1974
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: 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
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Double Pane Windows: Yes
  • Rooms:Balcony2: Yes
  • Energy:Storm Windows: Yes
  • Waterfront:Pond: Yes
  • Waterview:Pond2: Yes
  • Special Features: None

Interior Features

  • Number Of Buildings: 119
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Floor Tile, Furnished - All, Split Bedroom
  • Stories: 3
  • Window Features: Double Pane Windows, Storm Window(s)
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Split Bedroom: Yes
  • Interior:Furnished - All: Yes

Exterior Features

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

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Phone, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Dumpster, Gated Community, Handball, Laundry, Pets Allowed, Pool, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 1383.39
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

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

Schools

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

Lot Info

  • Parcel #: 30189-044-000
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 119

Tax Info

  • Tax Annual Amount: 2300.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2023
Closed on
Mar 15, 2023
Sold by
Dale Amanda
Bought by
Hamilton Palmer Properties Inc
Seller's Agent
Garrett Aune
Beachy Beach Real Estate
List Price
$399,900
Sold Price
$395,000
Premium/Discount to List
-$4,900
-1.23%
Views
44
Current Estimated Value
$369,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,642
Avg. Annual Appreciation
-2.67%
Original Mortgage
$236,250
Outstanding Balance
$229,314
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$140,044

Purchase Details

Closed on
May 19, 2021
Sold by
Castongia Joseph F
Bought by
Dale Amanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2014
Sold by
Federal National Mortgage Association
Bought by
Castongia Joseph F

Purchase Details

Closed on
Jun 5, 2013
Sold by
Fields John Steven
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 21, 2009
Sold by
Fields Debra L
Bought by
Fields John Steven

Purchase Details

Closed on
Mar 30, 2007
Sold by
Soltis John and Soltis Sarah
Bought by
Fields John Steven and Fields Debra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Hamilton Palmer Properties Inc $395,000 Defender Title & Escrow
Dale Amanda $235,000 Kendall Title Services Inc
Castongia Joseph F $106,500 Stewart Title Company
Federal National Mortgage Association $102,000 Attorney
Fields John Steven $107,000 None Available
Fields John Steven $275,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamilton Palmer Properties Inc $236,250
Previous Owner Dale Amanda $188,000
Previous Owner Fields John Steven $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2023 03/16/23 Sold $395,000 -1.2% $364 / Sq Ft
01/17/2023 01/17/23 Pending -- -- --
01/08/2023 01/08/23 For Sale $399,900 0.0% $368 / Sq Ft
01/08/2023 01/08/23 Off Market $399,900 -- --
12/02/2022 12/02/22 Price Changed $399,900 -3.6% $368 / Sq Ft
11/16/2022 11/16/22 For Sale $415,000 -- $382 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $3,661 $327,525 -- $327,525
2023 $3,661 $240,763 $0 $331,500
2022 $2,674 $218,875 $0 $218,875
2021 $2,300 $168,006 $0 $0
2020 $2,049 $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

  • Garrett Aune

    Seller's Agent in 2023

    Garrett Aune

    Beachy Beach Real Estate

    (850) 588-8908

    55 in this area

    70 Total Sales

    Garrett Aune
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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 912019

Emerald Coast Association of REALTORS®

APN: 30189-044-000

Florida Bay County Panama City 32408

8727 Thomas Dr Unit C8, Panama City, FL

This home is located at 8727 Thomas Dr Unit C8, Panama City, FL 32408 since 08 January 2023 and is currently estimated at $369,358, approximately $340 per square foot. This property was built in 1974. 8727 Thomas Dr Unit C8 is a home located in Bay County with nearby schools including Breakfast Point Academy, J.R. Arnold High School, and St. Bernadette Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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