8727 Thomas Drive UNIT C40, Panama City Beach, FL 32408
$299,000
Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
1,086
Status:
Active
Current Price:
$299,000
List Date:
2/11/2026
Last Modified:
4/03/2026
Description
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.
Supplements: 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 appliances at $1,700, and a little paint - and this place will be COMPLETELY TRANSFORMED and ready to kill it on rentals. The needed updates have been factored into the price, and this one will be grabbed up quick with the new reduction! The next door neighbor (same views/floorplan) does over $60k a year on her unit, so needless to say, the potential at this price is UNLIMITED!!! Don't be that person that says ''I wish I would have...'' a few years from now. Grab this one now at an unbelievable price, make it your own for less than $9k, and enjoy the incredible income for years to come!!!
More Information MLS# 995062
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 275.32
List Date: 2026-02-11
Current Price: $299,000
List Price: $299,000
Location, Tax and Legal
Unit #: UNIT C40
Sub Area: 2719 - Beach - East
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Legal Description: SUGAR BEACH CONDO APT #C-40 2BR 2B 1086 H&C ORB 1733 P 1847
General Property Info
Sub-Type: Condominium
Design: N/A
SqFt Source: County PA Records
Stories In Unit: 1
# of Units in Bldg: 1
Stories in Building: 3
Unit Floors Above Ground: 3
Immediate Occupancy: Yes
Garage: No
Carport: No
Pool: Yes
Pool Type: Community
Apx SqFt(Htd/Cooled): 1086
Bedrooms: 2
Full Baths: 2
Total Bathrooms: 2
Year Built: 1974
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 2252.19
Annual Assessment Amount: 9008.76
Assessment Paid: Quarterly
New Buyer Fee: No
Last Taxes: 3735.19
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: 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.
Waterfront
Pond: 1
Construction Status
Construction Complete: 1
Waterview
Gulf/Pass: 1
Pond: 1
Project Facilities
BBQ Pit/Grill: 1
Beach: 1
Community Room: 1
Dumpster: 1
Laundry: 1
Pets Allowed: 1
Pickle Ball: 1
Picnic Area: 1
Pool: 1
Short Term Rental - Allowed: 1
Tennis: 1
TV Cable: 1
Waterfront: 1
Construction/Siding
Roof Membrane: 1
Slab: 1
Stucco: 1
Utilities
Electric: 1
Public Sewer: 1
Public Water: 1
TV Cable: 1
Exterior
Balcony: 1
BBQ Pit/Grill: 1
Pool - In-Ground: 1
Tennis Court: 1
Interior
Floor Tile: 1
Furnished - All: 1
Owner's Closet: 1
Split Bedroom: 1
Washer/Dryer Hookup: 1
Window Treatment All: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Refrigerator: 1
Smoke Detector: 1
Stove/Oven Electric: 1
Washer: 1
Energy
AC - Central Elect: 1
Ceiling Fans: 1
Heat Cntrl Electric: 1
Water Heater - Elect: 1
Mstr Bdrm/Mstr Bath
MBath Tile: 1
MBed Balcony: 1
MBed Waterfront: 1
Master Bedroom
First: 1
Bedroom
First: 1
Kitchen
First: 1
Living Room
First: 1
Full Bathroom
First: 1
Rooms
Balcony: 1
Bedroom: 1
Full Bathroom: 1
Kitchen: 1
Living Room: 1
Master Bedroom: 1
Fees Include
Ground Keeping: 1
Management: 1
Sewer: 1
Trash: 1
TV Cable: 1
Water: 1
Status Change Info
Status: Active
Location Tax and Legal
Area: 27 - Bay County
Street #: 8727
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Project Name/Subdivision: SUGAR BEACH T/H
Parcel ID: 30189-103-000
Property Features
Construction Status: Construction Complete
Waterfront: Pond
Waterview: Gulf/Pass; Pond
Project Facilities: BBQ Pit/Grill; Beach; Community Room; Dumpster; Laundry; Pets Allowed; Pickle Ball; Picnic Area; Pool; Short Term Rental - Allowed; Tennis; TV Cable; Waterfront
Exterior: Balcony; BBQ Pit/Grill; Pool - In-Ground; Tennis Court
Interior: Floor Tile; Furnished - All; Owner's Closet; Split Bedroom; Washer/Dryer Hookup; Window Treatment All
Appliances: Dishwasher; Dryer; Microwave; Refrigerator; Smoke Detector; Stove/Oven Electric; Washer
Utilities: Electric; Public Sewer; Public Water; TV Cable
Energy: AC - Central Elect; Ceiling Fans; Heat Cntrl Electric; Water Heater - Elect
Master Bedroom: First
Bedroom: First
Kitchen: First
Living Room: First
Full Bathroom: First
Rooms: Balcony; Bedroom; Full Bathroom; Kitchen; Living Room; Master Bedroom
Fees Include: Ground Keeping; Management; Trash; TV Cable; Water
Room Information
Master Bedroom
Level: First
Dimensions: 15 x 14
Length: 15.00
Width: 14.00
Dimensions: 15 x 14
Bedroom
Level: First
Dimensions: 13 x 12
Length: 13.00
Width: 12.00
Dimensions: 13 x 12
Kitchen
Level: First
Dimensions: 9 x 8
Length: 9.00
Width: 8.00
Dimensions: 9 x 8
Living Room
Level: First
Dimensions: 21 x 30
Length: 21.00
Width: 30.00
Remarks: Living/Dining Combo
Dimensions: 21 x 30
Full Bathroom
Level: First
Dimensions: 8 x 6
Length: 8.00
Width: 6.00
Dimensions: 8 x 6
Full Bathroom
Level: First
Dimensions: 8 x 9
Length: 8.00
Width: 9.00
Dimensions: 8 x 9
Balcony
Level: First
Dimensions: 15 x 8
Length: 15.00
Width: 8.00
Dimensions: 15 x 8
Documents
Investment Analysis ›
Listing Office:
Beachy Beach Real Estate
Listing Agent:
Garrett S Aune
Last Updated: April - 03 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.