Live the Gulf Life on Florida’s Emerald Coast

LowRise

8727 Thomas Drive A7

Panama City, FL 32408

MLS#: 797357

$640,000

Status: Active
Listing number: 797357
Listing provided by: Beachy Beach Real Estate
Listing agent phone: None
Last update: 2 hours ago
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Sugar Beach Condo - Residential

Property

Beds

4

Full Baths

3

1/2 Baths

None

Year Built

1974

Sq.Footage

1,750

Over $90k annually in ACTUAL rentals... Incredible ROI and CAP rates... Completely Remodeled... LOWEST PRICED 4-bedroom Condo you will find that offers everything an investor could dream of - and so much more! Sugar Beach is perfectly located right in the heart of the most desirable location on Thomas Drive. Everything a renter could ever want is right outside their door, and that is exactly why this absolutely gorgeous unit blows away the competition when it comes to rental income. The beach's best restaurants, the area's most iconic bars, the town's most recognizable attractions, and the world's most beautiful beaches... a better location simply doesn't exist! Being pet friendly for renters offers a distinct advantage over almost every other complex on the beach, and the truly unique greenspace offers a tranquil Coy and Turtle pond that simply can't be found this close to the sand anywhere else in town. And with the entire complex being newly updated, the milestone inspection being passed with flying colors, and the association actually LOWERING the HOA dues this year, it is easy to see why Sugar Beach is one of the most sought-after communities in the Panhandle. And the condo itself... Absolutely gorgeous. Every inch has been remodeled inside and out with high end coastal flare, and the beach views are beyond breathtaking. With parking directly outside your door, 2 private patios overlooking the peaceful courtyard and beach, and enough room to sleep up to 12 people comfortably, this rental beast is truly unlike the others. And with the next closest comp being priced over $150k more, blink and you will likely miss this truly one-of-a-kind investment opportunity!

Open Houses

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  • Wednesday

    November 4, 2026

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Features & Amenities

Interior

  • Other Interior Features

    Smart Thermostat

  • Total Bedrooms

    4

  • Bathrooms

    3

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s)

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block, HardiPlank Type, Concrete

  • Other Exterior Features

    Balcony

  • Parking

    Gated, Parking Lot

  • Patio and Porch Features

    Covered, Patio

  • Pool

    Yes

  • Pool Features

    In Ground, Community

  • Waterfront YN

    YES

  • View

    Water, Other

Area & Lot

  • Lot Features

    Paved, Waterfront

  • Property Type

    Residential

  • Property Sub Type

    Condominium

  • Architectural Style

    LowRise

Price

  • Sales Price

    $640,000

  • Tax Amount

    $6,547.08

  • Zoning

    Resid Multi-Family

  • Sq. Footage

    1,750

  • Price/SqFt

    $365

HOA

  • Association

    YES

  • Association Fee

    $3,238.9

  • Association Fee Frequency

    Quarterly

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Breakfast Point

  • Middle School

    Breakfast Point

  • High School

    Arnold

Property Features

  • Stories

    3

  • New Construction

    NO

  • Association Amenities

    Pool, Beach Rights, Game Room, Gated, Barbecue, Clubhouse, Cable TV, Laundry, Maintenance Grounds, Tennis Court(s), Trash, Water

  • Sewer

    Public Sewer

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Location

County

Bay

Elementary School

Breakfast Point

Middle School

Breakfast Point

High School

Arnold

Listing Courtesy of Garrett S Aune, Beachy Beach Real Estate

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Agent Randy Baxter

REALTOR®

Randy Baxter

Call Randy today to schedule a private showing.

(850) 890-7135

RandyBaxter@GulfLifeGo.com


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Over $90k annually in ACTUAL rentals... Incredible ROI and CAP rates... Completely Remodeled... LOWEST PRICED 4-bedroom Condo you will find that offers everything an investor could dream of - and so much more! Sugar Beach is perfectly located right in the heart of the most desirable location on Thomas Drive. Everything a renter could ever want is right outside their door, and that is exactly why this absolutely gorgeous unit blows away the competition when it comes to rental income. The beach's best restaurants, the area's most iconic bars, the town's most recognizable attractions, and the world's most beautiful beaches... a better location simply doesn't exist! Being pet friendly for renters offers a distinct advantage over almost every other complex on the beach, and the truly unique greenspace offers a tranquil Coy and Turtle pond that simply can't be found this close to the sand anywhere else in town. And with the entire complex being newly updated, the milestone inspection being passed with flying colors, and the association actually LOWERING the HOA dues this year, it is easy to see why Sugar Beach is one of the most sought-after communities in the Panhandle. And the condo itself... Absolutely gorgeous. Every inch has been remodeled inside and out with high end coastal flare, and the beach views are beyond breathtaking. With parking directly outside your door, 2 private patios overlooking the peaceful courtyard and beach, and enough room to sleep up to 12 people comfortably, this rental beast is truly unlike the others. And with the next closest comp being priced over $150k more, blink and you will likely miss this truly one-of-a-kind investment opportunity!

8727 Thomas Drive A7

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