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$475,000

Est. payment - /mo

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4 BD

3 BA

1,750 SqFt

Active Under Contract

8727 Thomas DR #A17 Panama City, FL 32408

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Randall Fisher

realtor@coastalsunrealty.com +1(850) 249-2050

UPDATED:

10/24/2024 01:17 PM

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,750 sqft

Price per Sqft $271

Subdivision Sugar Beach Condo

MLS Listing ID 762609

Style Low Rise

Bedrooms 4

Full Baths 3

HOA Fees $3,576/qua

HOA Y/N Yes

Year Built 1974

Annual Tax Amount $4,839

Tax Year 2023

Property Description

Under Contract - Accepting ALL Back Up Offers.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 decor. 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!

Location

State FL

County Bay

Community Barbecue, Beach, Clubhouse, Laundry Facilities, Other, Park, See Remarks, Short Term Rental Allowed, Tennis Court(S), Waterfront, Gated, Pool, Sidewalks

Area 03 - Bay County - Beach

Rooms

Ensuite Laundry Stacked

Interior

Interior Features Recessed Lighting, Skylights

Laundry Location Stacked

Heating Central

Cooling Central Air, Ceiling Fan(s)

Furnishings Furnished

Fireplace No

Appliance Washer/Dryer Stacked, Dishwasher, ENERGY STAR Qualified Appliances, Electric Oven, Disposal, Microwave, Refrigerator

Laundry Stacked

Exterior

Exterior Feature Built-in Barbecue, Balcony, Outdoor Shower

Garage Electric Gate, Gated, No Garage, Paved, Parking Lot

Fence Full

Pool Fenced, In Ground, Community

Community Features Barbecue, Beach, Clubhouse, Laundry Facilities, Other, Park, See Remarks, Short Term Rental Allowed, Tennis Court(s), Waterfront, Gated, Pool, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Other, Phone Connected, See Remarks, Water Connected

Amenities Available Beach Rights, Gated, Picnic Area

Waterfront Yes

Waterfront Description Lake,Lake Front,Shoreline - Sand

View Y/N Yes

Water Access Desc Lake,Lake Front,Shoreline - Sand

View Gulf, Water

Porch Balcony

Parking Type Electric Gate, Gated, No Garage, Paved, Parking Lot

Building

Lot Description Landscaped

Story 3

Architectural Style Low Rise

Additional Building Tennis Court(s), Pool House

Schools

Elementary Schools Breakfast Point

Middle Schools Breakfast Point

High Schools Arnold

Others

HOA Fee Include Clubhouse,Cable TV,Laundry,Maintenance Grounds,Other,Pool(s),Sewer,See Remarks,Tennis Courts,Trash,Water

Senior Community No

Tax ID 30189-018-000

Security Features Gated Community,Key Card Entry,Security System,Security Service

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Listed As-Is

Listed by Beachy Beach Real Estate

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Randall Fisher

Broker | BDBK644509

+1(850) 249-2050

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Randall Fisher

8727 Thomas DR #A17 Panama City, FL 32408

Randall Fisher

Key Details

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Rooms

Interior

Exterior

Building

Schools

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8727 Thomas DR #A17

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