8727 Thomas Drive C40, Panama City, FL 32408 (MLS# 782393)

8727 Thomas Drive C40, Panama City, FL 32408

$265,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,086 Status: Sold

Current Price: $265,000 List Date: 1/17/2026 Last Modified: 5/29/2026

Overview

Description

CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS! INVESTOR'S DREAM!!! 7%+ Annual ROI based on ACTUAL average complex rentals, UNBELIEVABLE 15% ROI on the high end of rentals! This is now the LOWEST PRICED low rise 2 bedroom condo on the entire beach – meaning someone is fixing to get a steal of a deal!!! New furniture in both bedrooms, newly updated bathroom vanities and toilets, and new hurricane sliding doors and windows. Seller has owned the unit 30 years and has very seldom rented it – meaning it has been INCREDIBLY well cared for compared to the full time rentals. One of the only pet friendly complexes on the entire beach (meaning extreme competitive advantage on rentals), no elevators, no streets to cross, private 375 feet of white sandy beach access, and the absolute BEST location in town (just a few seconds to the highly anticipated new Tootsies Beach Bar, restaurants, go karts, mini golf, dining, and the best bars in town). New LVP flooring throughou … (Read more)

Listing Details MLS# 782393

Contract Info

List Price/SqFt: 275.32

Location

Area: 03 – Bay County – Beach
Street #: 8727
Street Name: Thomas
Street Suffix: Drive
Unit #: C40
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Sugar Beach Condo
Community/Resort: None
Waterfront: Yes
Gulf Access: No
Parcel ID: 30189-103-000
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: Traveling East on Thomas Dr, turn right on Joan Avenue at the stoplight. The gated entrance to Sugar Beach will be immediately on the right. Enter the gate code at the keypad, pull in to the complex, turn right, and C40 will be just in front of you on the right, 3rd floor, no elevators, and just a few feet from your car!!!
Legal Description: SUGAR BEACH CONDO APT #C-40 2BR 2B 1086 H&C ORB 1733 P 1847

General Property Info

Sub-Type: Condominium
Floor Number: 3
Design: Low-Rise (1-3 floors)
Apx SqFt(Htd/Cooled): 1086
SqFt Source: Prop App Site
Full Baths: 2
Total Baths: 2
# of Stories in Building: 3
Year Built: 1974
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 0x0
Pool: Yes
Pool Type: Community

Status Change Info

Under Contract Date: 2026-04-20
Sold Date: 2026-05-29
Sold Price/SqFt: 244.01

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 2252.19
HOA Frequency: Quarterly
HOA Annual Amount: 9008.76
New Buyer Fee: No
Last Taxes: 3644
Last Tax Year: 2024
Brokerage Interest: No Interest
Condo Doc: Yes

Remarks & Misc

Remarks: CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS! INVESTOR'S DREAM!!! 7%+ Annual ROI based on ACTUAL average complex rentals, UNBELIEVABLE 15% ROI on the high end of rentals! This is now the LOWEST PRICED low rise 2 bedroom condo on the entire beach – meaning someone is fixing to get a steal of a deal!!! New furniture in both bedrooms, newly updated bathroom vanities and toilets, and new hurricane sliding doors and windows. Seller has owned the unit 30 years and has very seldom rented it – meaning it has been INCREDIBLY well cared for compared to the full time rentals. One of the only pet friendly complexes on the entire beach (meaning extreme competitive advantage on rentals), no elevators, no streets to cross, private 375 feet of white sandy beach access, and the absolute BEST location in town (just a few seconds to the highly anticipated new Tootsies Beach Bar, restaurants, go karts, mini golf, dining, and the best bars in town). New LVP flooring throughout has been quoted at $5k, new couch and love seat at $1,500, new appliances at $1,700, and a little paint – and this place will be COMPLETELY TRANSFORMED and ready to kill it on rentals. The needed updates have been factored into the price, and this one will be grabbed up quick with the new reduction! The next door neighbor (same views/floorplan) does over $60k a year on her unit, so needless to say, the potential at this price is UNLIMITED!!! Don't be that person that says ''I wish I would have…'' a few years from now. Grab this one now at an unbelievable price, make it your own for less than $9k, and enjoy the incredible income for years to come!!!

More Information

Balcony

First: Yes

Pool Features

Fenced: Yes
Inground: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Oven – Electric: Yes
Refrigerator: Yes
Washer/Dryer Stacked: Yes
Water Heater – Electric: Yes

Interior Features

Breakfast Bar: Yes
Floor – Tile: Yes
Split Bedroom: Yes
Window – Treatment All: Yes

Construction/Siding

Block: Yes
Concrete: Yes
Foundation – Slab on Grade: Yes
Roof – Flat: Yes
Roof – Membrane: Yes
Siding – Hardie Board: Yes

Exterior

Balcony: Yes
Patio Covered: Yes

Other Structures

Tennis Court(s): Yes

Association Fees Include

BBQ Pit/Grill: Yes
Beach: Yes
Community Room: Yes
Dumpster: Yes
Ground Keeping: Yes
Picnic Area: Yes
Pool: Yes
Sewer: Yes
Tennis: Yes
Trash Disposal: Yes
TV Cable: Yes
Water: Yes
Irrigation: Yes

Financing

Cash: Yes
Conventional: Yes
Other: Yes

Furnished

Furnished: Yes

Kitchen

First: Yes

Living Room

First: Yes

Lot Features

Coastal Construction Control Line: Yes
Covenants & Rescrictions: Yes
Dedicated Beach: Yes
Landscaped: Yes
Near Beach Access: Yes
Waterfront: Yes
Within 1/2 Mile to Water: Yes

Lot Access

City Street: Yes
Gated Access: Yes

Parking Features

Electric Gate: Yes
Parking Lot: Yes
Paved: Yes

Mstr Bath / Mstr Bdrm

MBed Balcony: Yes
MBed Waterfront: Yes
MBath Shower/Tub Combo: Yes

Present Zoning

Resid Multi-Family: Yes

Association Amenities

BBQ Pit/Grill: Yes
Beach: Yes
Community Room: Yes
Dumpster: Yes
Gated Community: Yes
Laundry: Yes
Picnic Area: Yes
Pool: Yes
Tennis: Yes
Waterfront: Yes
Pickle Ball: Yes
Shuffleboard Court: Yes

Rooms

Balcony: Yes
Bedroom: Yes
Full Bathroom: Yes
Kitchen: Yes
Living Room: Yes
Master Bedroom: Yes

Utilities

TV Cable: Yes
Electricity – Connected: Yes
Internet – Broadband Available: Yes
Phone – Available: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Waterview

Other – See Remarks: Yes

Sale Type

As Is: Yes

Full Bathroom

First: Yes

Waterfront Type

Other: Yes

Master Bedroom

First: Yes

Bedroom

First: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Heating

Central: Yes
Electric: Yes

Security Features

Closed Circuit Camera(s): Yes
Gated Community: Yes
Security Fence: Yes
Security Gate: Yes
Smoke Detector(s): Yes

Property Features

Appliances: Dishwasher; Disposal; Microwave; Oven – Electric; Refrigerator; Washer/Dryer Stacked; Water Heater – Electric Full Bathroom: First Master Bedroom: First Bedroom: First Cooling: Ceiling Fan(s); Central Air; Electric Heating: Central; Electric Exterior: Balcony; Patio Covered Association Fees Include: BBQ Pit/Grill; Beach; TV Cable; Community Room; Dumpster; Irrigation; Ground Keeping; Picnic Area; Pool; Sewer; Tennis; Trash Disposal; Water Financing: Cash; Conventional; Other Furnished: Furnished Kitchen: First Living Room: First Lot Features: Coastal Construction Control Line; Covenants & Rescrictions; Dedicated Beach; Landscaped; Near Beach Access; Waterfront; Within 1/2 Mile to Water Lot Access: City Street; Gated Access Balcony: First Pool Features: Fenced; Inground Security Features: Closed Circuit Camera(s); Gated Community; Security Fence; Security Gate; Smoke Detector(s) Parking Features: Electric Gate; Parking Lot; Paved Other Structures: Tennis Court(s) Association Amenities: BBQ Pit/Grill; Beach; Community Room; Dumpster; Gated Community; Laundry; Pickle Ball; Picnic Area; Pool; Shuffleboard Court; Tennis; Waterfront Rooms: Balcony; Bedroom; Full Bathroom; Kitchen; Living Room; Master Bedroom Sale Type: As Is Utilities: TV Cable; Electricity – Connected; Internet – Broadband Available; Phone – Available; Public Sewer – Connected; Public Water – Connected Waterfront Type: Other Waterview: Other – See Remarks Present Zoning: Resid Multi-Family

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Master Bedroom	First	15 x 14	15.00	14.00
Bedroom	First	13 x 12	13.00	12.00
Kitchen	First	9 x 8	9.00	8.00
Living Room	First	21 x 13	21.00	13.00	Living/Dining Combo
Full Bathroom	First	8 x 6	8.00	6.00
Full Bathroom	First	8 x 6	8.00	6.00
Balcony	First	15 x 8	15.00	8.00

Listing Office: Beachy Beach Real Estate

Last Updated: May – 29 – 2026

Information deemed reliable but not guaranteed.