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8727 Thomas Drive #UNIT C40, Panama City Beach, FL 32408

Panama City Beach
Local realty services provided by:CENTURY 21 AllPoints Realty
8727 Thomas Drive #UNIT C40,Panama City Beach, FL 32408
$299,000
  • 2 Beds
  • 2 Baths
  • 1,086 sq. ft.
  • Condominium
  • Pending
Listed by: garrett s aune
Office: beachy beach real estate
MLS#:995062
Source:FL_ECAR

Price summary

  • Price:$299,000
  • Price per sq. ft.:$275.32

About this home

INVESTOR'S DREAM!!! 7%+ Annual ROI based on ACTUAL average complex rentals, UNBELIEVABLE 15% ROI on the high end of rentals! This is now the LOWEST PRICED low rise 2 bedroom condo on the entire beach - meaning someone is fixing to get a steal of a deal!!! New furniture in both bedrooms, newly updated bathroom vanities and toilets, and new hurricane sliding doors and windows. Seller has owned the unit 30 years and has very seldom rented it - meaning it has been INCREDIBLY well cared for compared to the full time rentals. One of the only pet friendly complexes on the entire beach (meaning extreme competitive advantage on rentals), no elevators, no streets to cross, private 375 feet of white sandy beach access, and the absolute BEST location in town (just a few seconds to the highly anticipated new Tootsies Beach Bar, restaurants, go karts, mini golf, dining, and the best bars in town). New LVP flooring throughout has been quoted at $5k, new couch and love seat at $1,500, new...

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Home facts

  • Year built:1974
  • Listing ID #:995062
  • Added:70 day(s) ago
  • Updated:April 23, 2026 at 07:13 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:7
  • Kitchen Description:Dishwasher, Microwave, Refrigerator, Stove/Oven Electric
  • Living area:1,086 sq. ft.

Heating and cooling

  • Central air:Yes

Structure and exterior

  • Year built:1974
  • Building area:1,086 sq. ft.
  • Exterior Features:BBQ Pit/Grill, Balcony, Tennis Court

Schools

  • High school:Arnold
  • Middle school:Breakfast Point
  • Elementary school:Breakfast Point

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$299,000
  • Price per sq. ft.:$275.32
  • Tax amount:$3,735 (2025)

Features and amenities

  • Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer
  • Laundry features:Dryer, Washer
The information being provided by Emerald Coast Association Of REALTORS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Emerald Coast Association Of REALTORS®. CENTURY 21 AllPoints Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 AllPoints Realty, a broker participant of Emerald Coast Association Of REALTORS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Emerald Coast Association Of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Emerald Coast Association Of REALTORS®. All rights reserved.

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