Panhandle Realty LLC
    850-836-4825
    1566 Hwy. 90, Ponce de Leon, FL 32455

    Go Back

    8727 Thomas #A17 Panama City, FL 32408

    Main photo of property

    Sugar Beach Condo
    MLS Number: 762609

    MLS #762609 Photo Number 1
    MLS #762609 Photo Number 2
    MLS #762609 Photo Number 3
    MLS #762609 Photo Number 4
    MLS #762609 Photo Number 5
    MLS #762609 Photo Number 6
    MLS #762609 Photo Number 7
    MLS #762609 Photo Number 8
    • How Many Views 10 Views
    • Property Type Condominium
    • Square Foot of House 1,750 Sq Ft
    • Number of Beds 4 Beds
    • Number of Baths 3 / Baths
    • Share
    • $475,000


    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 (by a lot) we have seen in well over 3 years!!! 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 décor. 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 they do, they are gone before you know it. Call your most trusted Realtor and see this one today. Simply put... Blink, and you'll miss it!!!

    Listing provided courtesy of Beachy Beach Real Estate

    Inquire About This Property

    • Architecture

      • Year Built: 1974
      • Stories: 0
      • Project Facilities:
      • Construction:
    • Interior Features

      • Square Footage: 1750
      • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, ENERGY STAR Qualified Appliances, Washer/Dryer Stacked
      • Interior Features: Ceiling Crwn Molding, Floor Tile, Lighting Recessed, Security System, Skylight(s), Owner's Closet
    • Property Features

      • Lot Access: ,
      • Lot Description: Coastal Construction Control Line, Dedicated Beach, Landscaped, Sidewalk, Within 1/2 Mile to Water
      • Waterview:
      • Parking: Electric Gate, Gated, No Garage, Parking Lot, Paved
      • Utilities: Internet - Broadband Available, Phone, Public Sewer, Public Water, TV Cable, Electricity Available, Other
      • Zoning:
    • Community

      • HOA Includes:BBQ Pit/Grill, Beach, Community Room, Dumpster, Gated Community, Ground Keeping, Laundry, Picnic Area, Pool, Sewer, Tennis, Trash Disposal, TV Cable, Water
      • HOA FEE:N/A
      • HOA Payable:Quarterly
      • Elementary: Breakfast Point
      • Middle: Breakfast Point
      • High: Arnold

Current Data as of Thu Oct 3 18:31:19 CDT 2024
Information Deemed Reliable but not guaranteed. The information being provided is 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2023, All rights reserved. Vendor Number : 28183