If an 8% Return on Investment (ROI) sounds too good to be true, I challenge you to give me just a few seconds to change your mind...
A seasoned investor knows to base their decisions on facts and solid data (not projections), and this incredible property has already grossed $52k since last June, and with current bookings/open opportunities, it is well on pace to exceed $70k in the previous 12 months. What makes this all the more impressive is the fact that this is the unit's first full year on the rental market, and it is only getting started!
So why is this one different from all the others in PCB?
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, tennis/pickleball courts, shuffleboard, a grilling area, a huge koi/turtle pond right out your back door, countless nearby restaurants/activities, over 375 feet of incredible beach access, and the list goes on!
If the uniqueness of the property isn't enough to win your heart, just wait till you take a look inside what is destined to become your Gulf View condo...
This amazing rental machine boasts a beautiful kitchen with stainless steel appliances, and it overlooks the breakfast bar, the living room, and the beautiful greenspace located right outside of your 2 back patios.
The downstairs living area is well equipped with durable tile flooring, while the upstairs living areas and bedrooms are tastefully decorated with coastal style LVP flooring.
The 3 well positioned bathrooms have updated toilets, vanities, and décor, and the entire condo is thoughtfully decorated with stylish furniture and décor.
This incredible condo has everything you need to comfortably sleep 8, but when it's time to explore the sugar white sands of PCB, simply head out your back door to the private beach access - just a few feet away!
After watching some of the world's most awe-inspiring sunsets on the beach or from your back patio, head out front to 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 your front door - and you don't need any vehicles to enjoy the best that PCB has to offer because of this condo's incredible location!
When it comes to successful vacation rentals, it's all about location, location, location - and this condo is in the heart of everything you might want for creating unforgettable memories. 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! No need to drive after those adult beverages, your condo is perfectly located just a few seconds away!!!
The average 3 bedroom in Sugar Beach brings in over $55k 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 13% on a financed purchase - which is unheard of nowadays!
And even as you are getting established, using the condo for yourself a few weeks each year, and building your client base, you would still be enjoying a 2% ROI - plus appreciation and equity gains (which is way better than banks, crypto, and the stock market offers)!
Welcome Home!
Sold for $523,000 on 07/05/23
$523,000
8727 Thomas Dr UNIT B14, Panama City Beach, FL 32408
3beds
1,512sqft
Condominium
Built in 1974
-- sqft lot
$497,100 Zestimate®
$346/sqft
$2,544 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: 12 hours ago
Listed by:
Garrett S Aune 850-588-8908,
Beachy Beach Real Estate
Bought with:
Holli Persall, 3198726
ERA Neubauer Real Estate Inc
Source: CPAR,MLS#: 740489
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: Second
- Dimensions: 16 x 10
Bedroom
- Level: First
- Dimensions: 11 x 9
Bedroom
- Level: Second
- Dimensions: 13 x 13
Dining room
- Level: First
- Dimensions: 10 x 9
Kitchen
- Level: First
- Dimensions: 9 x 7
Living room
- Level: First
- Dimensions: 15 x 13
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Cooktop, Electric Oven, Electric Water Heater
- Laundry: Washer Hookup, Dryer Hookup
Features
- Smart Thermostat
- Flooring: Luxury Vinyl Plank
Interior area
- Total structure area: 1,512
- Total interior livable area: 1,512 sqft
Property
Parking
- Parking features: Electric Gate, Gated, Open, Paved, Parking Lot
- Has uncovered spaces: Yes
Features
- Patio & porch: Balcony, Covered, Patio, Porch
- Exterior features: Barbecue, Outdoor Shower
- Pool features: Fenced, In Ground, Community, Pool
- Fencing: Full,Fenced
- Has view: Yes
- View description: Gulf, Pond
- Has water view: Yes
- Water view: Gulf,Pond
Lot
- Features: Paved
Details
- Additional structures: Pool House, Tennis Court(s)
- Parcel number: 30189032000
- Zoning description: Resid Multi-Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Condo
- Architectural style: Low Rise
- Property subtype: Condominium
Materials
- Roof: Flat
Condition
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Connected, High Speed Internet Available, Phone Connected, Water Connected
Community & neighborhood
Security
- Security features: Security Gate, Gated Community, 24 Hour Security, Key Card Entry, Security Lights, Varies By Unit, Fire Alarm, Security Service
Community
- Community features: Beach, Clubhouse, Game Room, Laundry Facilities, Park, Pool, Sport Court(s), Tennis Court(s), Waterfront, Barbecue, Gated, Home Owners Association, Short Term Rental Allowed
Location
- Region: Panama City Beach
- Subdivision: Sugar Beach Condo
Other
Other facts
- Listing terms: Other
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$497,100
2% more+$9,942
With Zillow Showcase(estimated)$507,042