Address

8727 Thomas Drive B6, Panama City, FL

Listing Type

Active

Price

$ 460,000

Property Attributes

MLS#794799
TypeCondos
Listing Status Active
CountyBay
CityPanama City
Area03 - Bay County - Beach
NeighborhoodSugar Beach Condo
Zip32408
Style
Year Built1974
Taxes$ 5057
Price$ 460,000
Bedrooms3
Full Bathrooms3
Half Bathrooms0
Sqr Footage1512

Data Source:

Central Panhandle Association of REALTORS® (CPAR)

Property Description

Investors Take Notice... this is the ABSOLUTE LOWEST PRICED and one of the LOWEST HOA's of all the 3 Bedroom / 3 Bathroom condos located on the beach!!! This unbelievable condo has been loved by the same family for 27 years, and now that they are starting a new chapter in life, they are offering it up at a once in a lifetime price! Let's look at the facts... Maximizing rental income starts with one basic concept - maximizing ''Heads in Beds.'' And when it comes to ensuring incredible occupancy rates, this unit offers all the key amenities renters look for when booking their vacation: View, Location, Complex Amenities, and Price. VIEW: Most people come to PCB for the breathtaking Gulf views, and being just a few short feet to your very own private Beach Access - this condo does not disappoint. What they don't expect is to also have an incredible view over an expansive courtyard that is so well manicured, including a beautiful Koi/Turtle pond. Sugar Beach is the only place on the beach with views like this, and they are truly unforgettable... LOCATION: After watching some of the world's most awe-inspiring sunsets, simply head out your front door and 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 - and there is no need to drive anywhere to enjoy the best that PCB has to offer. Located on the coveted East end of the beach (considerably less traffic), there are go cart tracks, arcades, mini golf courses, thrill rides, ice cream shops, a winery, souvenir shops, etc. - directly in front of the property. For the adults, there are numerous bars/restaurants, and countless options for live music, right outside your door - including the Famous Ms. Newby's and the all new and Wildly Popular Tootsie's Honkytonk (with big name country music stars performing regularly)! No need to drive after those adult beverages, your condo is perfectly located just a few seconds away! Yep... talk about KILLER location!!! AMMENITIES: Success in business is all about Competitive Advantage, and 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, so you have true competitive advantage with this one. 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, huge clubhouse with games, tennis/pickleball courts, shuffleboard, a grilling area, over 375 feet of incredible beach access, and expansive greenspace unique from every other Gulf Front property in PCB! PRICE: Last but not CERTAINLY not least, renters pick their vacation condo based on price. With a low selling price, low utility costs, and some of the lowest HOA's of all the competition, you have less overhead which ensures that you can charge less per night (as compared to the competition), bringing in strong rentals and generating an incredible profit! The average 3 bedroom in Sugar Beach brings in over $60k annually in rentals, and some of the well-established ones bring in over $80k. At the high end your annual ROI would be well over 10% - which is unheard of nowadays. And with over $90k invested in updates over the last few years, it simply doesn't get any better than this! Updates include: All new kitchen cabinets and counter tops, HVAC, water heater, electrical panel, shower inserts, LVP flooring in bedrooms, couch and loveseat, and all new hurricane sliding doors and windows. Welcome to Paradise!!!

Elementary School	Middle School	High School
Breakfast Point Elementary School	Breakfast Point Middle School	Arnold High School

Price History
8/31/2026	Listed $460,000

General Features

Sewer	Public Sewer
Utilities	Cable Connected,Electricity Available,High Speed Internet Available
Property Subtype	Condominium
Tax Year	2025
Community Features	Barbecue,Beach,Clubhouse,Conference/Meeting Room,Laundry Facilities,Park,Pool,Tennis Court(s),Waterfront,Community Pool,Gated,Short Term Rental Allowed
County	Bay
Property Type	Residential
HOA	true
Subdivision Name	Sugar Beach Condo
Special Listing Conditions	Listed As-Is
Status	Active
Buyer Financing	Other
Directions	Traveling East on Thomas Dr, turn right on Joan Avenue at the stoplight. The gated entrance to Sugar Beach will be immediately on the right. Enter the gate code at the keypad, pull in to the complex, turn right, and follow the parking lot all the way around to the back side of the complex. B6 will be 2/3 of the way towards the beach on your left - no elevators and just a few feet from your car!!!
High School	Arnold
City	Panama City
Zoning Description	Resid Multi-Family
MLS Area	03 - Bay County - Beach
Elementary School	Breakfast Point
Tax Annual Amount	5057.25
Middle/Junior High School	Breakfast Point
MLS Area Minor	0323 - Beach - South of Grand Lagoon
Standard Status	Active
Property Sub Type Additional	Condominium
Association Amenities	Beach Rights,Barbecue,Picnic Area
Other Structures	Tennis Court(s)
Occupancy Type	Tenant
Waterfront Features	Other
Year Built	1974
Association Fee Includes	Clubhouse,Cable TV,Laundry,Maintenance Grounds,Pool(s),Security,Tennis Courts,Trash,Water
Heating	Central,Electric
Cooling	Central Air,Ceiling Fan(s)
Appliances	Electric Oven,Electric Water Heater
Patio/Porch Features	Balcony,Covered,Patio
Construction Materials	Concrete,Stucco
View	Gulf,Other
Attached Garage	false
Garage Y/N	false
Total Rooms	10
Full Baths	3
Virtual Tour	https://my.matterport.com/show/?m=TCkdVNPPAmF&brand=0&mls=1&
Architectural Style	Low Rise
Stories Count	3
Levels	Three Or More
HOA Fee	2805.67
Assoc Fee Paid Per	Quarterly
Pool Features	Fenced,In Ground,Community
Security Features	Security Gate,Gated Community,Security Fence,Security Lights,Smoke Detector(s)
Unit Number	B6
Building Features	Dumpster
New Construction	false
Roof	Membrane

Interior Features

Total Baths	3
Interior Amenities	Balcony,Shower Only,Smart Thermostat,Upper Level Primary
Furnished Units	All Units
Air Conditioning Y/N	true
Heating Y/N	true
Total Bedrooms	3
LivingAreaSource	Appraiser
Window Features	Storm Window(s)
Total Stories	3

Exterior Features

Lot Dimensions	N/A
Road Frontage Type	City Street
Parking Features	Gated,Parking Lot
Building Area Total	1512
Waterfront Y/N	true
Road Responsibility	Public Maintained Road
Door Features	Storm Door(s)