8727 Thomas Drive C21, Panama City Beach, FL 32408
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Priced at Only: $550,000
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Address: 8727 Thomas Drive C21, Panama City Beach, FL 32408
Property Location and Similar Properties
- MLS#: 784193 ( Residential )
- Street Address: 8727 Thomas Drive C21
- Viewed: 3
- Price: $550,000
- Price sqft: $506
- Waterfront: Yes
- Wateraccess: Yes
- Waterfront Type: ShorelineSand
- Year Built: 1974
- Bldg sqft: 1086
- Bedrooms: 2
- Total Baths: 2
- Full Baths: 2
- Days On Market: 3
- Additional Information
- Geolocation: 30.1675 / -85.7911
- County: BAY
- City: Panama City Beach
- Zipcode: 32408
- Subdivision: Sugar Beach Condo
- Building: Sugar Beach Condo
- Elementary School: Breakfast Point
- Middle School: Breakfast Point
- High School: Arnold
- Provided by: Epique Realty Inc
- DMCA Notice
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DescriptionPerched on the top floor of Sugar Beach Condominiums, Unit C21 delivers the rare combination buyers and renters crave most: true Gulf front living, peaceful privacy, and walk everywhere convenience. Chosen specifically for its oceanfront position and quiet setting, this fully updated 2 bedroom, 2 bath condo offers unobstructed Gulf views, vibrant sunsets, and the simple luxury of knowing no one is above you. Inside, the condo has been thoughtfully refreshed with upgrades that enhance both comfort and performance, including updated paint and lighting, HVAC, a dedicated dehumidifier system, newer windows and doors, smart TVs, an electric fireplace, and fully stocked kitchenware and furnishings. The space is bright, coastal, and calming. It is a place the owners describe as one that simply ''brings a lot of happiness'' and truly ''suits everyone.'' Step out onto the private Gulf front balcony and take in sweeping water views, coastal breezes, and sunsets that never get old. Sugar Beach itself is known for its private, gated, peaceful, and family oriented atmosphere, blending full time residents with vacationers in a way that feels welcoming and relaxed. The community offers over 375 feet of private deeded beachfront, along with private beach access, a pool, clubhouse, tennis and pickleball courts, grilling areas, and beautifully landscaped grounds centered around the iconic koi and turtle pond. It's a resort style setting without the congestion of high rise living. No elevators, easy parking, and a quieter, more personal feel. Owners also benefit from some of the lowest HOA fees on Panama City Beach, which plays a major role in the long term value and profitability of the property. One of the biggest highlights is the walkability. From the front gate, you're steps to a wide variety of restaurants, beach bars, live music venues, family attractions, shopping, arcades, mini golf, and entertainment along Thomas Drive. The excitement is only growing with Tootsies Orchid Lounge set to open just a few doors down, bringing a high energy Nashville style music scene right to your neighborhood, all without needing to drive. Whether you're looking for a serene personal retreat, a second home, or a proven short term rental, this condo delivers. Sugar Beach is one of the only Gulf front communities in PCB that allows pets, a major advantage that consistently drives higher demand and stronger occupancy. Unit C21 has averaged approximately $50,000 $60,000 annually in gross rental income without aggressive management, with seasonal nightly rates ranging from $250 $400 per night. When you combine Gulf front location, top floor privacy, low HOA fees, pet friendly flexibility, and walkable entertainment, the ROI here simply makes sense. (Other units have done over $60k/$70k aggressively) Top floor. Gulf front. Quiet. Walkable. Proven. Unit C21 isn't just a condo. It's a lifestyle that keeps guests returning and owners smiling long after the sand is rinsed off.
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Building and Construction
- Covered Spaces: 0.00
- Flooring: LuxuryVinylPlank
- Living Area: 0.00
- Other Structures: PoolHouse, TennisCourts
- Roof: Flat
Land Information
- Lot Features: Paved
School Information
- High School: Arnold
- Middle School: Breakfast Point
- School Elementary: Breakfast Point
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
- Parking Features: AdditionalParking, Paved, ParkingLot, Gated
Eco-Communities
- Pool Features: Fenced, InGround, Community
Utilities
- Carport Spaces: 0.00
- Cooling: CentralAir, CeilingFans
- Heating: Central, Electric, Fireplaces
- Road Frontage Type: CityStreet
- Utilities: ElectricityAvailable, HighSpeedInternetAvailable, PhoneConnected
Amenities
- Association Amenities: Gated, Barbecue, PicnicArea
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Pet Deposit: 0.00
- Security Deposit: 0.00
- Tax Year: 2025
- Trash Expense: 0.00
Other Features
- Appliances: WasherDryerStacked, ElectricCooktop, ElectricOven, ElectricWaterHeater
- Legal Description: SUGAR BEACH CONDO APT #C-21 ORB 435 P 268 2BR 2B 1086 H&C ORB 4719 P 1425
- Area Major: 03 - Bay County - Beach
- Occupant Type: Tenant
- Parcel Number: 30189-057-000
- Style: LowRise
- The Range: 0.00
- Unit Number: C21
- View: Gulf
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- Robert A. Pelletier Jr, REALTOR ®
- Tropic Shores Realty
- Mobile: 239.218.1565
- Mobile: 239.218.1565
- Fax: 352.503.4780
- robertsellsparadise@gmail.com


