When it comes to rental properties on the beach, all condo's are NOT created equal.
The price on this 2 Bed / 2 Bath, GROUND FLOOR / PET FRIENDLY / PARK at your DOOR / END UNIT might sound too good to be true, but this motivated seller has it priced $25k less than the last several condos to recently sell in the same complex.
When it comes to value, this one is priced over $35k LESS than today's market/appraised value, and boasts an unheard of ROI potential of over 3% as you are starting out, and potential ROI upwards of 30% once you are well established.
It even comes with over $14k of rentals ALREADY BOOKED for 2023!!! The moment you step inside, it is clear that you've hit the jackpot. All the "big ticket" items have recently been replaced - ensuring you are in the perfect position to maximize your return on investment for years to come!
Recent Upgrades Include: HVAC System (over $8k), Hurricane Rated Doors and Windows (over $14k), Stove (over $1k), both Bathrooms Completely Remodeled (over ($20k), and the list goes on!!
This amazing condo boasts beautifully remodeled bathrooms with stunning tile showers, gorgeous vanities/tops, new toilets, and gorgeous tile flooring.
Both bedrooms have coastal style plank tile flooring, and have been tasteful decorated to ensure you and your guests have an extremely comfortable beach vacation!
The kitchen has stainless appliances (brand new stove), and overlooks the breakfast bar, living room, and beautiful greenspace - right outside your brand new hurricane sliding glass doors.
This incredible condo has everything you need to comfortably sleep 6, 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, head out front to experience the legendary action of Thomas Drive. If you want to drive to dinner, rest assured knowing that your vehicle is safely parked right outside your front door - but you won'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, its 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 and 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 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, using the condo for yourself a few weeks each year, and building your client base, you would still be enjoying a 3% ROI - plus appreciation and equity gains (which is way better than banks, crypto, and the stock market offers right now)!!!
Now you can see... the price on this one is practically unbelievable!!!
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*
Sold for $365,000 on 02/10/23
$365,000
8727 Thomas Dr UNIT D14, Panama City Beach, FL 32408
2beds
939sqft
Condominium
Built in 1974
-- sqft lot
$312,700 Zestimate®
$389/sqft
$1,802 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: 14 hours ago
Listed by:
Garrett S Aune 850-588-8908,
Beachy Beach Real Estate
Bought with:
Tracy L Suber, SL3488734
Beach Haven Realty
Source: CPAR,MLS#: 736123
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Dimensions: 11 x 11
Bedroom
- Level: First
- Dimensions: 11 x 11
Primary bathroom
- Level: First
- Dimensions: 8 x 5
Dining room
- Level: First
- Dimensions: 9 x 8.5
Other
- Level: First
- Dimensions: 8 x 5
Kitchen
- Dimensions: 9 x 8
Living room
- Level: First
- Dimensions: 15 x 13.5
Patio
- Level: First
- Dimensions: 15 x 8
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Washer/Dryer Stacked, Electric Oven, Electric Range, Electric Water Heater, Ice Maker
- Laundry: Washer Hookup, Dryer Hookup, Stacked
Features
- Smart Thermostat
- Windows: Storm Window(s), Tinted Windows
Interior area
- Total structure area: 939
- Total interior livable area: 939 sqft
Property
Parking
- Parking features: Additional Parking, Gated
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Balcony, Covered, Patio
- Exterior features: Barbecue
- 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
- Waterfront features: Shoreline - Sand
- Frontage length: 375' Private Access
Lot
- Features: Paved
Details
- Additional structures: Pool House, Storage, Tennis Court(s)
- Parcel number: 30189125000
- Zoning description: Resid Multi-Family, Resid Single 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 Available
Community & neighborhood
Security
- Security features: Security Gate, Gated Community, 24 Hour Security, Security Fence, Security Lights, Varies By Unit, Smoke Detector(s), Security Service
Community
- Community features: Beach, Clubhouse, Laundry Facilities, Park, Pool, Sport Court(s), Tennis Court(s), Waterfront, Barbecue, Gated, Short Term Rental Allowed
Location
- Region: Panama City Beach
- Subdivision: Sugar Beach Condo
Other
Other facts
- Listing terms: Other
Sell with ease on Zillow
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$312,700
2% more+$6,254
With Zillow Showcase(estimated)$318,954