8727 Thomas Dr UNIT B3, Panama City Beach, FL 32408

LOWEST PRICED 3 Bedroom Condo ON THE ENTIRE BEACH! You read the price right... You can really grab this 3-bedroom gulf view condo for only $429,000! Priced to sell quick at over $110,000k less than the next lowest priced comparable condo, this one won't last long at all!!! How about an 8%+ annual return on Investment? I know, I know... Anything over 5% is almost unheard of nowadays, so how can this unit generate 8%+? See the attached cash flow statement for a financial summary, but in short, a three bedroom / 3 bath condo in Sugar Beach traditionally brings in between $50k-$70k in gross rentals. At the middle point of $60k, you are bringing in over 8% ROI as you build your client base and use the unit some for your own personal vacations. Once you are well established and hit the $70k+ point, you will be enjoying over 11% ROI on a cash purchase, or 15% on a financed purchase - meaning this one is the STEAL you have been waiting for! Investment properties are not all created equal, and this condo boasts EVERYTHING needed to provide you an incredible competitive advantage in the rental market. 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. 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! Although the complex itself is pretty amazing, the inside of this condo has some truly special features and offers endless potential. NOTE: The pictures have been virtually staged in order to show the endless potential of this unit. Quotes have already been gathered, and this unit can be fully furnished for less than $30k. With room to sleep 8 comfortably while offering privacy and ample space for all, this place is the PERFECT size for 1-2 families, or for hosting several couples. The downstairs has 1 large bedroom, 1 full bathroom, a kitchen with breakfast bar, and a HUGE living room large enough for a king sleeper sofa. The upstairs boasts 2 oversized bedrooms  each with a private full bathroom. All the toilets are recently updated, and the entire condo is just waiting for someone to put their personal touch on it. This incredibly priced unit just received a fresh interior coastal colored paint job, and it has all the big ticket items already covered and in great shape. The HVAC system was replaced in 2018 and the hot water heater was replaced in 2016. Both are in great shape and should provide worry free operations for years to come. The entire condo comes well equipped with coastal colored tile flooring  not the less expensive/less durable LVP flooring found in most units nowadays. This is a HUGE advantage as it means you have zero concerns about damage and durability. After watching some of the world's most awe-inspiring sunsets on the beach, 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! Welcome Home!!! NOTE: Avoid ''unknown'' assessments sure to impact many FL Condo properties - and go with a well-established community that has already started the process/fully understands upcoming costs associated with becoming compliant with the new FL Condo Laws. Sugar Beach has already started the process and should be amongst the first in all of PCB to reach compliance! Where many properties haven't even started the process, and where some of the properties that have started are facing $60k+ assessments, Sugar Beach stands out as being incredibly proactive, and this approach has resulted in a much lower cost for compliance. Each unit will require new sliding glass hurricane doors and hurricane windows on both floors. This cost is right at $20k, and the first quarterly payment isn't due until October of 2023. There will be 3 additional quarterly payments due after that, with the final payment being due July 2023 (over a year away). Each unit will also have a separate expense to help cover property wide updates required to reach compliance. The cost for that is right at $21k, and will have the same quarterly payment plan. The owner has taken these 2 costs ($41k) into consideration, as well as the $30k cost to fully furnish the condo with very nice items, and that is why this amazing unit is priced so low. The new owners can get this unit for a steal, fully furnish it however they wish, get new doors/windows/etc, and STILL be over $40k lower than the next lowest priced unit (which hasn't even addressed upcoming assessments associated with compliance just yet)!