8727 Thomas Drive, Panama City, FL 32408

$475,000

This is the LOWEST PRICED 4 Bedroom / 3 Bathroom Gulf View Condo PCB has seen - in YEARS!!!I'll bet you think I made an error when entering the price on this incredible Condo. I mean, a condo this size hasn't sold anywhere near this price in YEARS, so I… Read More had to enter the wrong price, right?!?Add to the fact that this unit has over $70k worth of brand-new hurricane doors and windows, a nearly new HVAC and hot water heater, new carpeting upstairs, new LVP flooring in several rooms, newer stainless steel kitchen appliances, and new porch coatings on the front and back... and there is no way it can be priced over $100k below the comps, right?!?What about the fact that these units have been selling in Sugar Beach for over $600k the past few years, or the fact that with just an average rental income - you could still generate an unbelievable 11%+ return on investment?!?My dog must have hit the keyboard when I was entering the price, right?!?Now, take a deep breath, relax, and rest assured that this price is FOR REAL!!!This unbelievable opportunity won't last the week, and for good reason. It offers everything an investor could ever look for. To be perfectly honest, this is the ''Unicorn'' that almost everyone wishes they could find. It is way below market value, all the big ticket items are new, it offers an ROI that you simply can't find in today's market, and it offers insane instant equity... LOTS of it! Not only do the numbers more than speak to it's value, this incredibly spacious condo is perfectly situated on the highly desirable East end of the Beach - right on the Historic Thomas Dr. Just outside your front door, you will find some of PCB's most enjoyed restaurants, attractions, nightlife, and more. Park directly at your front door (no elevators), and you will never have to touch your car again!When it is time to wind down for the evening, you will find one of the most unique greenspaces in all of PCB - right outside your 2 private balconies! Get lost in your thoughts gazing into the tranquil Koi pond, or simply take a stroll to the sugar white sands - just mere seconds from your door. With beautiful tropical landscaping, walking paths around the pond, and some of the best sunset's in town... Sugar Beach is GULF FRONT with it's own private beach access, and offers serenity unlike any other place in town.And when you add the fact that Sugar Beach has a competitive advantage over nearly every other condo in town (one of the only remaining ''Pet Friendly'' communities on the beach), it's easy to see why this ''once in a lifetime'' investment will be gone in the blink of an eye!If you are looking for the investment opportunity of a lifetime, or if you are searching for the perfect place to call home... this incredible condo proves to be unparalleled by any other in town. The blank canvas offers the perfect platform for creating a true rental machine, or for designing the most special place you will ever call home. Dream opportunities like this seldom come along, and when they do, they are gone before you know it. Call your most trusted Realtor and see this one today. Simply put... Blink, and you'll miss it!!! Read Less

Listing Snapshot

Days Online

Last Updated

Sep 20, 2024

Property Type

Condominium

Beds

Full Baths

Year Built

1974

MLS Number

762609

30 Days Snapshot Of 32408

-17%

(avg) sold price

-26%

homes sold

125

+16%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road frontage type: CityStreet, Road surface type: Paved

Appliances & Equipment

WasherDryerStacked, Dishwasher, ENERGYSTARQualifiedAppliances, ElectricOven, Disposal, Microwave, Refrigerator

Building

Built in 1974, Architectural style: LowRise, Construction materials: Concrete, 3 total stories, Other structures: TennisCourts, PoolHouse

Community

Barbecue, Beach, Clubhouse, LaundryFacilities, Park, SeeRemarks, ShortTermRentalAllowed, TennisCourts, Waterfront, Gated, Pool, Sidewalks

Cooling

CentralAir, CeilingFans

Exterior Features

BuiltinBarbecue, Balcony, OutdoorShower

Fence

Full

Water Features

Lake, LakeFront, ShorelineSand

Heating

Central

Home Owner's Association

Association fee: $3,576, Association amenities: BeachRights, Gated, PicnicArea

Interior Features

Furnished: Furnished, RecessedLighting, Skylights

Laundry

Stacked

Lot

Landscaped

Energy Saving

Green energy efficient: Appliances

Parking

ElectricGate, Gated, NoGarage, Paved, ParkingLot

Pool

Fenced, InGround, Community

Property

Patio and porch features: Balcony, Gulf, Water

Security Features

GatedCommunity, KeyCardEntry, SecuritySystem, SecurityService

Taxes

Year: 2023

Utilities

CableConnected, ElectricityConnected, HighSpeedInternetAvailable, PhoneConnected, SewerConnected, WaterConnected

Windows

Skylights

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Courtesy of Beachy Beach Real Estate 850-233-4351

8727 Thomas Drive

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