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8727 Thomas Drive Unit B1, Panama City Beach, FL 32408

$499,000
: 3
BD
: 3
BA
: 1,512
SqFt

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Sold Price: $499,000
List Price: $499,000
Closing Date: Jan 30, 2024
MLS#: 743261
Bedrooms: 3
Bathrooms: 3
Full-baths: 3
Sq. Ft: 1,512
$/SF: $330
Subdivision: Sugar Beach Condo
Year Built: 1974

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Property Description

LOWEST PRICED 3 Bed / 3 Bath condo on the ENTIRE BEACH!!! You heard that right, on the ENTIRE BEACH! And this one... it generates a significant return on investment each year based on actual rentals - NOT projections!It's time for a little needed honesty... The condo market has really slowed down a TON these past several months. Inventory is higher than it has been in several years, and to be perfectly transparent, most condos on the beach LOOSE MONEY every month!It is becoming harder and harder to find a condo that is truly a solid investment, and finding one that generates a positive return on investment can seem like finding a needle in a haystack.Having laid out the reality of the current condo market, this unit is truly the EXCEPTION to the NORM!Have you tried finding a Gulf View condo that generates a 10%+ Return on Investment (ROI) in today's market? If you did, was it based on ACTUAL rentals and NOT overinflated projections? Although finding such an opportunity might not seem possible with 7% interest rates, this incredible rental machine does EXACTLY that, and has the history to prove it!And did I mention... it is amongst the lowest quarterly HOA dues of ALL available comps?!?Experienced investors are trained to ''love'' the number and simply ''like'' the property, but why not have both? With actual rentals of nearly $80k in 2022, and with over $57k in bookings YTD, the numbers clearly speak to this incredible‌‌‌‌‌‌‌‌‌‌‌‌ opportunity.

(850) 890-7098

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Additional Information

Hoa Fee: $2,179
Hoa Fee Freq: Quarterly
Waterview: Gulf, Pond
Pool: Yes
Interior Features: Remodeled, Smart Thermostat
Exterior Features: Built-in Barbecue, Balcony, Outdoor Shower, Pool
Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Freezer, Disposal, Microwave, Refrigerator, Range Hood, Washer
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold