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8727 Thomas Drive , B1

Panama City Beach, FL 32408
  • $499,000
  • STATUS: Closed
  • ON SITE: 384 Days
  • MLS #: 743261
Sold - 01/30/2024
$499,000
SOLD - 01/30/2024
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,512
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1974
County:
Bay

School Information

Elementary School:
Middle School:
High School:

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.

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© 2024 Central Panhandle 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 Blue Swell Realty. Data last updated: 2024-07-15T20:04:21.793.
www.blueswellrealty.com/homes/140944797
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8727 Thomas Drive , B1 Panama City Beach, FL 32408

  • Price: $499,000
  • Status: Closed
  • On Site: 384 Days
  • Updated: 54 min ago
  • MLS #: 743261
3
Beds
3
Baths
0
½ Baths
N/A
Acres
1,512
SQFT
$0
$/SQFT
1974
Built
Neighborhood:
Sugar Beach Condo
County:
Bay
Area:
Bay County-Beach
Elementary School:
Breakfast Point
Middle School:
Breakfast Point
High School:
Arnold
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.
Exterior Features

Architectural Style Low Rise Construction Materials Block Concrete Stucco Exterior Features Balcony Fully Fenced Outdoor Grill Outdoor Shower Pool Foundation Details Slab Frontage Length 395 Garage YN No Lot Features Landscaped Waterfront Open Parking YN Yes Other Structures Tennis Courts Patio And Porch Features Balcony Pool Features Fenced Gunite In Ground Private Community Pool Pool Private YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Flat View Gulf Pond View YN Yes

Interior Features

Appliances Dryer Dishwasher Electric Oven Electric Range Electric Water Heater Freezer Disposal Microwave Refrigerator Range Hood Washer Building Features Dumpster Cooling Central Air Ceiling Fans Electric Cooling YN Yes Door Features Storm Doors Flooring Plank Tile Vinyl Furnished Furnished Heating Central Electric Heating YN Yes Interior Features Remodeled Smart Thermostat Window Treatments Laundry Features Washer Hookup Dryer Hookup Parking Features Electric Gate Garage Garage Door Opener Gated Open Paved Parking Lot Rooms Dining Room (First Level) Kitchen (First Level) Bedroom (Second Level) Master Bedroom (Second Level) Bedroom (First Level) Living Room (First Level)

Property Features

Association Amenities Beach Rights Game Room Gated Picnic Area Association Fee 2179.3 Association Fee Frequency Quarterly Association Fee Includes Clubhouse Cable TV Laundry Maintenance Grounds Pools Sewer Security Tennis Courts Trash Water Association YN Yes Buyer Financing Other Community Features Barbecue Beach Clubhouse Cable TV Game Room Laundry Facilities Park Pool Short Term Rental Allowed Tennis Courts Waterfront Gated Documents Available Disclosures Floorplan Lead Based Paint Disclosure Restrictive Covenants Sellers Property Disclosure Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Conventional FHA VALoan Lot Size Dimensions 0x0 Number Of Units In Community 119 Occupant Type Tenant Pets Allowed Owner Only Yes Property Condition Updated Remodeled Property Sub Type Condominium Property Sub Type Additional Condominium Security Features Closed Circuit Cameras Security Gate Secured Garage Parking Item24 Hour Security Key Card Entry Smoke Detectors Security Fence Varies By Unit Gated Community Sewer Public Sewer Special Listing Conditions Listed As Is Tax Annual Amount 3219 Tax Year 2022 Utilities Cable Available Electricity Available High Speed Internet Available Phone Available Sewer Available Trash Collection Water Available Yard Maintenance Water Source Public Waterfront Features Shoreline Sand Waterfront Waterfront YN No Zoning Description Resid Single Family

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of Beachy Beach Real Estate: (850) 233-4351. Listing information © 2024 Central Panhandle Association of Realtors MLS.


© 2024 Central Panhandle 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 Blue Swell Realty. Data last updated: 2024-07-15T20:04:21.793.
 
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