8727 Thomas Drive #A7, Panama City, FL 32408
Local realty services provided by:CENTURY 21 First Story Real Estate
8727 Thomas Drive #A7,Panama City, FL 32408
$640,000
- 4 Beds
- 3 Baths
- 1,750 sq. ft.
- Condominium
- Active
Upcoming open houses
- Wed, Nov 0411:30 am - 01:00 pm
Listed by: garrett s aune
Office: beachy beach real estate
MLS#:797357
Source:FL_BCMLS
Price summary
- Price:$640,000
- Price per sq. ft.:$365.71
- Monthly HOA dues:$1,079.67
About this home
Over $90k annually in ACTUAL rentals... Incredible ROI and CAP rates... Completely Remodeled... LOWEST PRICED 4-bedroom Condo you will find that offers everything an investor could dream of - and so much more!
Sugar Beach is perfectly located right in the heart of the most desirable location on Thomas Drive. Everything a renter could ever want is right outside their door, and that is exactly why this absolutely gorgeous unit blows away the competition when it comes to rental income. The beach's best restaurants, the area's most iconic bars, the town's most recognizable attractions, and the world's most beautiful beaches... a better location simply doesn't exist!
Being pet friendly for renters offers a distinct advantage over almost every other complex on the beach, and the truly unique greenspace offers a tranquil Coy and Turtle pond that simply can't be found this close to the sand anywhere else in town. And with the entire complex being newly updated, the milestone inspection being passed with flying colors, and the association actually LOWERING the HOA dues this year, it is easy to see why Sugar Beach is one of the most sought-after communities in the Panhandle.
And the condo itself... Absolutely gorgeous. Every inch has been remodeled inside and out with high end coastal flare, and the beach views are beyond breathtaking. With parking directly outside your door, 2 private patios overlooking the peaceful courtyard and beach, and enough room to sleep up to 12 people comfortably, this rental beast is truly unlike the others. And with the next closest comp being priced over $150k more, blink and you will likely miss this truly one-of-a-kind investment opportunity!...
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Home facts
- Year built:1974
- Subdivision & Development:Sugar Beach Condo
- Listing ID #:797357
- Added:1 day(s) ago
- Updated:November 04, 2026 at 12:40 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:9
- Dining Description:SmartThermostat
- Bathrooms Description:SmartThermostat
- Kitchen Description:Electric Oven, Electric Water Heater
- Bedroom Description:SmartThermostat
- Living area:1,750 sq. ft.
Heating and cooling
- Cooling:CeilingFans, CentralAir
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Flat, Membrane
- Year built:1974
- Building area:1,750 sq. ft.
- Architectural Style:Low Rise
- Construction Materials:Block, Concrete
- Exterior Features:Balcony, Patio
- Levels:3 Story
Schools
- High school:Arnold
- Middle school:Breakfast Point
- Elementary school:Breakfast Point
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$640,000
- Price per sq. ft.:$365.71
- Tax amount:$6,547 (2025)
Features and amenities
- Amenities:Beach Rights, ClosedCircuitCameras, ElectricOven, ElectricWaterHeater, Gated, GatedCommunity, SecurityGate, SecurityLights, SmartThermostat, SmokeDetectors, StormWindows
- Pool features:Community, InGround
Parking
- Parking description:Gated, Parking Lot
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