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8727 Thomas Drive , Unit A17

Panama City Beach, FL 32408
  • $475,000
  • STATUS: Active
  • ON SITE: 7 Days
  • MLS #: 959912
UPDATED: 65 min ago
$475,000
  • 4
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,750
    SQFT
  • $271
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1974
County:
Bay
Area:

School Information

Elementary School:
Middle School:
High School:

Description

LOWEST PRICED 4 Bed / 3 Bath GULF VIEW Condo on the Entire Beach! In fact, it isn't just the lowest price condo on the beach today, this is the lowest priced condo we have seen in well over 3 years (by a lot)!!! With over $70k worth of brand-new hurricane doors and windows, a new HVAC system, new hot water heater, new carpeting upstairs, new LVP in several rooms, newer stainless appliances, new vanities in 2 of the bathrooms, fresh paint, and new porch coatings and rails on the front and back, this unit is 100% ready for the new owner to simply let their imagination run wild with new furniture and dcor. The last 5 comps in this amazing community all sold for $85k-$185k more than this one, so at this price and in this condition, you are probably asking yourself, "what's the catch?" And to be perfectly honest... I totally get it. I see people listing condos at over inflated prices every day - with the strategy of accepting a much lower offer in order to get it sold. The rationale for the pricing is pretty simple - yet incredibly rare in today's market... This owner has had the condo well over 30 years, hasn't rented it out, has used it for creating unforgettable family memories over several generations, and has taken incredible care of their favorite beach getaway. Over time, life inevitably happens, and now the family is ready to move on to the next chapter in their life story. They are truly kind people, and don't see the need to over-price the condo and waste time negotiating back and forth on the price. They know they could have listed it much higher, then settle somewhere around this price, but that's not how they wanted to handle things. Instead, they wanted to go ahead and cut the "back-and-forth" out of things, and simply list it at a price where a new owner can come in, put a little into making it their own, and still have ample positive equity on day #1. Essentially - they are looking for a win/win for everyone! Like I said a minute ago... INCREDIBLY RARE in today's market to find such an honest seller, right?!? This unbelievable opportunity is what some people might consider a "Unicorn." With an 11% ROI on just the average rental income of neighboring units, this condo offers everything an investor could ever look for. It is well below market value, all the big-ticket items are new, it offers an ROI that you simply can't find in today's market, and it offers insane instant equity... LOTS of it! Not only do the numbers more than speak for themselves, this incredibly spacious condo is perfectly situated on the highly desirable East end of the Beach - right on the Historic Thomas Dr. Just outside your front door, you will find some of PCB's most enjoyed restaurants, attractions, and nightlife, and more. Park directly at your front door (no elevators), and you will never have to touch your car again! When it is time to wind down for the evening, you will find one of the most unique greenspaces in all of PCB - right outside your 2 private balconies! Get lost in your thoughts gazing into the tranquil Koi pond, or simply take a stroll to the sugar white sands - just mere seconds from your door. With beautiful tropical landscaping, walking paths around the pond, and some of the best sunset's in town... Sugar Beach offers serenity unlike any other place in town. And when you add the fact that Sugar Beach has a competitive advantage over nearly every other condo in town (one of the only remaining "Pet Friendly" communities on the beach), it's easy to see why this "once in a lifetime" investment will be gone in the blink of an eye! If you are looking for the investment opportunity of a lifetime, or if you are searching for the perfect place to call home... this incredible condo proves to be unparalleled by any other in town. The blank canvas offers the perfect platform for creating a true rental machine, or for designing the most special place you will ever call home. Dream opportunities like this seldom come along, and when the

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© 2024 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: 2024-10-05T07:04:22.483.
Vendor Member #28178.
www.somerscompany.com/homes/155907348
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8727 Thomas Drive , Unit A17 Panama City Beach, FL 32408

  • Price: $475,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 65 min ago
  • MLS #: 959912
4
Beds
3
Baths
0
½ Baths
N/A
Acres
1,750
SQFT
$271
$/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
LOWEST PRICED 4 Bed / 3 Bath GULF VIEW Condo on the Entire Beach! In fact, it isn't just the lowest price condo on the beach today, this is the lowest priced condo we have seen in well over 3 years (by a lot)!!! With over $70k worth of brand-new hurricane doors and windows, a new HVAC system, new hot water heater, new carpeting upstairs, new LVP in several rooms, newer stainless appliances, new vanities in 2 of the bathrooms, fresh paint, and new porch coatings and rails on the front and back, this unit is 100% ready for the new owner to simply let their imagination run wild with new furniture and dcor. The last 5 comps in this amazing community all sold for $85k-$185k more than this one, so at this price and in this condition, you are probably asking yourself, "what's the catch?" And to be perfectly honest... I totally get it. I see people listing condos at over inflated prices every day - with the strategy of accepting a much lower offer in order to get it sold. The rationale for the pricing is pretty simple - yet incredibly rare in today's market... This owner has had the condo well over 30 years, hasn't rented it out, has used it for creating unforgettable family memories over several generations, and has taken incredible care of their favorite beach getaway. Over time, life inevitably happens, and now the family is ready to move on to the next chapter in their life story. They are truly kind people, and don't see the need to over-price the condo and waste time negotiating back and forth on the price. They know they could have listed it much higher, then settle somewhere around this price, but that's not how they wanted to handle things. Instead, they wanted to go ahead and cut the "back-and-forth" out of things, and simply list it at a price where a new owner can come in, put a little into making it their own, and still have ample positive equity on day #1. Essentially - they are looking for a win/win for everyone! Like I said a minute ago... INCREDIBLY RARE in today's market to find such an honest seller, right?!? This unbelievable opportunity is what some people might consider a "Unicorn." With an 11% ROI on just the average rental income of neighboring units, this condo offers everything an investor could ever look for. It is well below market value, all the big-ticket items are new, it offers an ROI that you simply can't find in today's market, and it offers insane instant equity... LOTS of it! Not only do the numbers more than speak for themselves, this incredibly spacious condo is perfectly situated on the highly desirable East end of the Beach - right on the Historic Thomas Dr. Just outside your front door, you will find some of PCB's most enjoyed restaurants, attractions, and nightlife, and more. Park directly at your front door (no elevators), and you will never have to touch your car again! When it is time to wind down for the evening, you will find one of the most unique greenspaces in all of PCB - right outside your 2 private balconies! Get lost in your thoughts gazing into the tranquil Koi pond, or simply take a stroll to the sugar white sands - just mere seconds from your door. With beautiful tropical landscaping, walking paths around the pond, and some of the best sunset's in town... Sugar Beach offers serenity unlike any other place in town. And when you add the fact that Sugar Beach has a competitive advantage over nearly every other condo in town (one of the only remaining "Pet Friendly" communities on the beach), it's easy to see why this "once in a lifetime" investment will be gone in the blink of an eye! If you are looking for the investment opportunity of a lifetime, or if you are searching for the perfect place to call home... this incredible condo proves to be unparalleled by any other in town. The blank canvas offers the perfect platform for creating a true rental machine, or for designing the most special place you will ever call home. Dream opportunities like this seldom come along, and when the
Exterior Features

Architectural Style N/A Carport YN No Construction Materials ConcreteRoof Flat Exterior Features BalconyBBQ Pit/GrillFenced Lot-AllPatio CoveredPavillion/GazeboPool - In-GroundPorch OpenRenovatedShowerTennis Court Lot Features [] Parking Features [] Pool YN Yes Road Frontage Type [] Road Surface Type [] View PondGulf Waterfront Features PondShore - Beach

Interior Features

Appliances DishwasherDisposalDryerMicrowaveRange HoodRefrigeratorSecurity SystemSmoke DetectorStove/Oven ElectricWasher Cooling Ceiling Fan(s)Central Air Cooling YN Yes First Floor Bedroom Yes Heating Central Heating YN Yes Interior Features Ceiling VaultedFloor TileFurnished - AllLighting RecessedNewly PaintedOwner's ClosetPantryRenovatedSkylight(s)Washer/Dryer Hookup Rooms Total 9

Property Features

Association Fee Frequency Quarterly Association Fee Includes Ground KeepingSecuritySewerWaterCable TVTrash Association Fee2 3576.17 Association YN Yes Buyer Financing ConventionalFHAVA Community Features BBQ Pit/GrillBeachCommunity RoomDumpsterGated CommunityHandballPets AllowedPoolTennisTV CableWaterfront Green Energy Efficient [] New Construction YN No Number Of Units In Community 117 Pool Type Community Property Condition Construction Complete Property Sub Type Condominium Special Listing Conditions [] Tax Amount 4839 Tax Year 2023 Utilities ElectricPhonePublic SewerPublic WaterTV Cable

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


© 2024 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: 2024-10-05T07:04:22.483.
Vendor Member #28178.
 
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Somers & Company
151 East County Highway 30A
Santa Rosa Beach FL, 32459