8727 Thomas Drive Unit C11, Panama City Beach, FL 32408

$540,000
2
BD
2
BA

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Sold Price
$540,000
List Price
$565,000
Closing Date
Jan 30, 2024
MLS#
749047
Bedrooms
2
Bathrooms
2
Full-baths
2
Subdivision
Sugar Beach Condo
Year Built
1974

Property Description

In a world where the power of the dollar has seemingly gotten weaker each day, isn't it about time that you took control of your financial future? Stocks, bonds, cryptocurrency, and nearly every other form of investment has proven to drastically rise and fall with the economy - but throughout US history, real estate has truly withstood the test of time. In fact, 2 bed / 2 bath condos have averaged a 6.8% annual appreciation over the past 20+ years. That amounts to well over $30k a year for a $500k condo!!! In addition to the incredible annual appreciation, this is one of the few comps (of the nearly 200) on the beach that will truly generate a positive return on investment each year. Listed as one of the lowest priced and lowest HOA's of all comps, this one will truly cover its costs as you build wealth for years to come. Now that I have your attention, it might be well worth your time to take a look at this hidden gem. Finding another condo this close to the sugar white sands and the emerald hued gulf is virtually impossible, and the breathtaking sunset views from the private balcony will permanently change your latitude and attitude! This 2nd floor slice of paradise boasts the best views in PCB, a brand-new HVAC system, brand new water heater, brand new coastal colored LVP flooring, brand new paint, and will soon have brand new hurricane sliding glass doors and windows! That's right... all the big-ticket items are already taken care of - leaving you set for years to come! Sugar Beach is one of the most unique complexes on the beach as it is pet friendly (giving you a competitive rental advantage), allows you to park at your door (no elevators), enjoys one of the largest courtyard/greenspaces in all of PCB, and is literally seconds away form all the best attractions PCB has to offer (dining, amusement rides, mini golf, bars, live music, and the list goes on)! Perfectly situated in the heart of Thomas Drive, Sugar Beach is a unlike any other community in town. One visit, and you will forever consider this serene oasis home!!!

Additional Information

Waterfront
Yes
Waterview
Gulf, Pond
Stories
3
Exterior Features
Barbecue, Patio
Appliances
Washer/Dryer Stacked, Electric Oven
Elementary School
Breakfast Point
Middle School
Breakfast Point
High School
Arnold

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Beachy Beach Real Estate. Selling Office: Beachy Beach Real Estate.