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8727 Thomas Drive , Unit B14

Panama City Beach, FL 32408
  • $540,000
  • STATUS: Pending
  • ON SITE: 32 Days
  • MLS #: 922348
Pending
$540,000
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,512
    SQFT
  • $357
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1974
County:
Bay
Area:

School Information

Elementary School:
Middle School:
High School:

Description

If an 8% Return on Investment (ROI) sounds too good to be true, I challenge you to give me just a few seconds to change your mind... A seasoned investor knows to base their decisions on facts and solid data (not projections), and this incredible property has already grossed $52k since last June, and with current bookings/open opportunities, it is well on pace to exceed $70k in the previous 12 months. What makes this all the more impressive is the fact that this is the unit's first full year on the rental market, and it is only getting started! So why is this one different from all the others in PCB? 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, tennis/pickleball courts, shuffleboard, a grilling area, a huge koi/turtle pond right out your back door, countless nearby restaurants/activities, over 375 feet of incredible beach access, and the list goes on! If the uniqueness of the property isn't enough to win your heart, just wait till you take a look inside what is destined to become your Gulf View condo... This amazing rental machine boasts a beautiful kitchen with stainless steel appliances, and it overlooks the breakfast bar, the living room, and the beautiful greenspace located right outside of your 2 back patios. The downstairs living area is well equipped with durable tile flooring, while the upstairs living areas and bedrooms are tastefully decorated with coastal style LVP flooring. The 3 well positioned bathrooms have updated toilets, vanities, and dcor, and the entire condo is thoughtfully decorated with stylish furniture and dcor. This incredible condo has everything you need to comfortably sleep 8, but when it's time to explore the sugar white sands of PCB, simply head out your back door to the private beach access - just a few feet away! After watching some of the world's most awe-inspiring sunsets on the beach or from your back patio, head out front to 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 your front door - and you don't need any vehicles to enjoy the best that PCB has to offer because of this condo's incredible location! When it comes to successful vacation rentals, it's all about location, location, location - and this condo is in the heart of everything you might want for creating unforgettable memories. For the kiddos, there are go cart tracks, video arcades, mini golf courses, thrill rides, ice cream shops, souvenir shops, and the list goes on! For the adults, there are numerous bars/restaurants right outside your door - including the Famous Ms. Newby's! No need to drive after those adult beverages, your condo is perfectly located just a few seconds away!!! The average 3 bedroom in Sugar Beach brings in over $55k 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 13% on a financed purchase - which is unheard of nowadays! And even as you are getting established, using the condo for yourself a few weeks each year, and building your client base, you would still be enjoying a 2% ROI - plus appreciation and equity gains (way better than banks, crypto, and the stock market offers)! Welcome Home!

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© 2023 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Somers & Company. Vendor Member number: 28178. Data last updated: 2023-06-04T00:08:50.753.
Vendor Member #28178.
www.somerscompany.com/homes/139132361
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8727 Thomas Drive , Unit B14 Panama City Beach, FL 32408

  • Price: $540,000
  • Status: Pending
  • On Site: 32 Days
  • MLS #: 922348
3
Beds
3
Baths
0
½ Baths
N/A
Acres
1,512
SQFT
$357
$/SQFT
1974
Built
Neighborhood:
Sugar Beach Condominiums
County:
Bay
Area:
Bay County
Elementary School:
Breakfast Point
Middle School:
Breakfast Point
High School:
Arnold
Property Description
If an 8% Return on Investment (ROI) sounds too good to be true, I challenge you to give me just a few seconds to change your mind... A seasoned investor knows to base their decisions on facts and solid data (not projections), and this incredible property has already grossed $52k since last June, and with current bookings/open opportunities, it is well on pace to exceed $70k in the previous 12 months. What makes this all the more impressive is the fact that this is the unit's first full year on the rental market, and it is only getting started! So why is this one different from all the others in PCB? 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, tennis/pickleball courts, shuffleboard, a grilling area, a huge koi/turtle pond right out your back door, countless nearby restaurants/activities, over 375 feet of incredible beach access, and the list goes on! If the uniqueness of the property isn't enough to win your heart, just wait till you take a look inside what is destined to become your Gulf View condo... This amazing rental machine boasts a beautiful kitchen with stainless steel appliances, and it overlooks the breakfast bar, the living room, and the beautiful greenspace located right outside of your 2 back patios. The downstairs living area is well equipped with durable tile flooring, while the upstairs living areas and bedrooms are tastefully decorated with coastal style LVP flooring. The 3 well positioned bathrooms have updated toilets, vanities, and dcor, and the entire condo is thoughtfully decorated with stylish furniture and dcor. This incredible condo has everything you need to comfortably sleep 8, but when it's time to explore the sugar white sands of PCB, simply head out your back door to the private beach access - just a few feet away! After watching some of the world's most awe-inspiring sunsets on the beach or from your back patio, head out front to 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 your front door - and you don't need any vehicles to enjoy the best that PCB has to offer because of this condo's incredible location! When it comes to successful vacation rentals, it's all about location, location, location - and this condo is in the heart of everything you might want for creating unforgettable memories. For the kiddos, there are go cart tracks, video arcades, mini golf courses, thrill rides, ice cream shops, souvenir shops, and the list goes on! For the adults, there are numerous bars/restaurants right outside your door - including the Famous Ms. Newby's! No need to drive after those adult beverages, your condo is perfectly located just a few seconds away!!! The average 3 bedroom in Sugar Beach brings in over $55k 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 13% on a financed purchase - which is unheard of nowadays! And even as you are getting established, using the condo for yourself a few weeks each year, and building your client base, you would still be enjoying a 2% ROI - plus appreciation and equity gains (way better than banks, crypto, and the stock market offers)! Welcome Home!
Exterior Features

Architectural Style N/A Carport YN No Construction Materials ConcreteBlockRoof FlatSlabStucco Exterior Features BalconyBbq Pit/GrillFenced Lot-AllPatio CoveredPatio OpenPool - HousePool - In-GroundPorchSprinkler SystemTennis Court Pool YN Yes View PondGulf Waterfront Features Pond

Interior Features

Appliances DishwasherDryerMicrowaveRefrigeratorSmooth Stovetop RngeStove/Oven ElectricWasher Cooling Ceiling Fan(S)Central Air Cooling YN Yes First Floor Bedroom Yes Heating Central Heating YN Yes Interior Features Floor LaminateFloor TileFurnished - AllOwner's ClosetRenovatedWasher/Dryer HookupWindow Treatment All Rooms Total 6

Property Features

Association Fee Frequency Quarterly Association Fee Includes AccountingGround KeepingSecuritySewerWaterCable TvTrash Association Fee2 1856.12 Association YN Yes Buyer Financing ConventionalFhaVa Community Features Bbq Pit/GrillBeachCommunity RoomDumpsterGame RoomGated CommunityHandballHandicap ProvisionsLaundryPets AllowedPicnic AreaPoolTennisTv CableWaterfront New Construction YN No Number Of Units In Community 119 Pool Type Community Property Condition Construction Complete Property Sub Type Condominium Tax Amount 3075 Tax Year 2022 Utilities ElectricPublic SewerPublic WaterTv Cable

Listing courtesy of Beachy Beach Real Estate: 850-233-4351.


© 2023 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Somers & Company. Vendor Member number: 28178. Data last updated: 2023-06-04T00:08:50.753.
Vendor Member #28178.
 
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Somers & Company
151 East County Highway 30A
Santa Rosa Beach FL, 32459