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8727 Thomas Drive, Unit UNIT C40
Panama City Beach, FL 32408

$299,000 - Status: Active

Beds: 2

Baths: 2 full

SQFT (H&C): 1,086

MLS# 995062

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!!!

Property Features

MLS#: 995062

Zip: 32408

Subdivision: Sugar Beach T-h

Development: 27 - Bay County

Property Type: Residential - Condominium

Cooling: Ceiling Fans, Central Air

Days on Site: 65

Heating: Central

Home Style: N/A

Stories: 3.0

Taxes: $3,735

Year Built: 1974

SQFT (H&C): 1,086

Feature Descriptions

Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect

Association Fee Includes: $0

Community Features: Short Term Rental - Allowed, Pickle Ball, BBQ Pit/Grill, Beach, Community Room, Dumpster, Laundry, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable, Waterfront

Exterior: Balcony, BBQ Pit/Grill, Tennis Court

Exterior: Stucco

Flooring: Floor Tile

Foundation: Slab

HOA: Yes

Interior: Owners Closet, Split Bedroom, Washer/Dryer Hookup

Parcel Number: 30189-103-000

Pool Features: Pool - In-Ground, Pool Type

Property Condition: Construction Complete

Rooms Total: 7

Sewer: Public Sewer

Special View Info: Pond, Gulf

Sub Type: Condominium

Utilities: Electric, Public Water, TV Cable

Waterfront: Pond

Window: Window Treatment All

Room Sizes

Primary Bedroom: 15 X 14 Level - First

Bedroom: 13 X 12 Level - First

Kitchen: 9 X 8 Level - First

Living Room: 21 X 30 Level - First

Full Bathroom: 8 X 6 Level - First

Full Bathroom: 8 X 9 Level - First

Balcony: 15 X 8 Level - First

Local Schools

High School: Arnold

Middle School: Breakfast Point

Elementary School: Breakfast Point

8727 Thomas Drive, Unit UNIT C40 | MLS# 995062

This condo located at 8727 Thomas Drive, Unit UNIT C40, Panama City Beach, FL 32408 is currently listed for sale by Beachy Beach Real Estate, with an asking price of $299,000. This property was built in 1974 and has 2 bedrooms and 2 full baths with 1086 sq. ft. Thomas Drive, Unit UNIT C40 is located in the SUGAR BEACH T-H subdivision. Search SUGAR BEACH T-H real estate on gaune.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Beachy Beach Real Estate
Agent Name: Garrett Aune "Mr850"

Shown By

Agent Name: Garrett Aune "Mr850"
Agent Phone: (850) 588-8908

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 04/18/2026. The listing information on this page last changed on 04/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/18/2026 6:57:02 AM EST) or Emerald Coast MLS (last updated Sat 04/18/2026 6:29:47 AM EST) or Central Panhandle Association of Realtors (last updated Sat 04/18/2026 1:17:18 AM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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8727 Thomas Drive, Unit UNIT C40Panama City Beach, FL 32408