$394,800

8727 Thomas Dr Unit C38 Panama City Beach, FL 32408

$4,688
Closing credit¹
2 beds
2 full
1,086 sqft
$364 / sqft
Condo

Property details

About 8727 Thomas Dr Unit C38

INVESTORS DREAM!!! Newly Remodeled (over $35k), one of the only Pet Friendly Vacation Rentals on the Beach, park just a Few Feet from your door (no elevators!), Sleeps 8, INCREDIBLE ROI potential, and located in one of the most Highly sought after locations on the beach... The PERFECT condo truly does exist! Maximizing rental income starts with one basic concept - maximizing Heads in Beds. And when it comes to ensuring incredible occupancy rates, this unit offers all the key amenities renters look for when booking their vacation: View, Location, Complex Amenities, and Price. VIEW: Most people come to PCB for the breathtaking Gulf views, and this condo does not disappoint. What they dont expect is to also have an incredible view over an expansive courtyard that is so well manicured, including a beautiful Koi/Turtle pond. Sugar Beach is the only place on the beach with views like this, and they are truly unforgettable... LOCATION: After watching some of the worlds most awe-inspiring sunsets, simply head out your front door and experience the legendary action of Thomas Drive. If you dont want to drive to dinner, rest assured knowing that your vehicle is safely parked right outside - and there is no need to drive anywhere to enjoy the best that PCB has to offer. Located on the coveted East end of the beach (considerably less traffic), there are go cart tracks, video arcades, mini golf courses, thrill rides, ice cream shops, a winery, souvenir shops, etc. - directly in front of the property. For the adults, there are numerous bars/restaurants, and countless options for live music, right outside your door - including the Famous Ms. Newbys! No need to drive after those adult beverages, your condo is perfectly located just a few seconds away!!! And did I mention that Tootsies is soon opening its very first beach bar just 2 doors down?!? Yep... talk about KILLER location!!! AMMENITIES: Success in business is all about Competitive Advantage, and Sugar Beach offers something that differentiates itself from every other rental in PCB... It is one of the only PET FRIENDLY Gulf-front destinations in the entire area. Years of market data shows that pet friendly options bring a higher nightly rate, have a better occupancy rate, and are more likely to attract snowbirds during the off season, so you have true competitive advantage with this one. In addition to being pet friendly, Sugar Beach is a private/family friendly gated community with no elevators. The list of Gulf Front complexes where you can park directly at your door are few and far between, but Sugar Beach offers exactly that! It also offers a private gated beach access, a pool, huge clubhouse with games, tennis/pickleball courts, shuffleboard, a grilling area, over 375 feet of incredible beach access, and expansive greenspace unique from every other Gulf Front property in PCB! PRICE: Last but not CERTAILY not least, renters pick their vacation condo based on price. With a low selling price, low utility costs, and some of the lowest HOAs of all the competition, you have less overhead which ensures that you can charge less per night (as compared to the competition), bringing in strong rentals and generating an incredible profit! The average 2 bedroom in Sugar Beach brings in over $40k annually in rentals, and some of the well-established ones bring in over $70k. At the high end your annual ROI potential is truly limitless!!!

Highlights

Home typeCondominium
StatusActive
CoolingCeiling Fan(s), Central Air
Size1,086 sqft
Year built1974
MLS #971151
WaterfrontOther, Gulf, Pond

Summary

  • Full Bathrooms: 2
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Self Cleaning Oven, Range Hood, Refrigerator, Refrigerator, Ice Maker, Electric Oven, Washer
  • Interior: Recessed Lighting, Owners Closet, Split Bedroom, Washer/Dryer Hookups, Woodwork Painted
  • Total Bedroom Count: 2
  • Private Pool: No
  • Waterfront: Other, Gulf, Pond
  • Exterior: Balcony, BBQ Pit/Grill, Pool - House, Shower, Tennis Court
  • Architectural Style: N/A
  • Cooling: Ceiling Fan(s), Central Air
  • List Price: $394,800
  • Price/SqFt: $363
  • HOA Amount: $751
  • HOA Frequency: Quarterly
  • Annual Tax Amount: $3,449
  • Tax Year: 2023
  • 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 and C38 will be directly in front of you on the 2nd floor - just 15 steps from your car!!!
  • Year Built: 1974
  • Living Area: 1,086 SqFt
  • MLS Number: 971151
  • MLS Name: Emerald Coast Association of REALTORS®
  • Office Name: Beachy Beach Real Estate
  • Office Email: karen@beachybeach.com
  • Listing Agent: Garrett S Aune

IDX 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 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/15/2025, 10:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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drone / aerial view with a water view

$394,800

8727 Thomas Dr Unit C38

$4,688

closing credit¹

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Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$331,500$3,449
2022$218,875$2,514
2021$187,000$2,514
2020$152,733$2,104
2018$138,848$1,897
2017$127,500$1,480

History based on county public records data.

Nearby schools

7

Patronis Elementary School

Public District KG-5

1.6 mi

7400 Patronis Dr

7

Hutchison Beach Elementary School

Public District KG-5

3.5 mi

12900 Hutchison Blvd

5

Lucille Moore Elementary School

Public District PK-5

5.1 mi

1900 Michigan Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $37,561. Residents of Panama City Beach, FL typically earn between $35k-100k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

46%
<35k
48%
35k-100k
6%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

60%
Single, No Kids
7%
Single, with Kids
23%
Married, No Kids
10%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
6%
12-17 yrs old
26%
18-34 yrs old
46%
35-64 yrs old
14%
65+ yrs old

What do the neighbors do for fun?

  • Pro WrestlingPro Wrestling
  • Figure SkatingFigure Skating
  • PGA/LPGAPGA/LPGA

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Wal-MartWal-Mart
  • KmartKmart

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • SonicSonic
  • Bob EvansBob Evans

What do the neighbors drive?

  • FordFord
  • OldsmobileOldsmobile
  • BuickBuick

What do the neighbors listen to?

  • New CountryNew Country
  • Contemporary InspirationalContemporary Inspirational
  • OldiesOldies
All data provided by Home Junction and Claritas

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Frequently asked questions

About 8727 Thomas Dr Unit C38

The listing price of 8727 Thomas Dr Unit C38 property is $394,800.

The property 8727 Thomas Dr Unit C38 is a condo located in Panama City Beach, Florida, 32408.

Active Listing: 8727 Thomas Dr Unit C38 is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 8727 Thomas Dr Unit C38 are: Patronis Elementary School (GreatSchools Rating 7/10), Hutchison Beach Elementary School (GreatSchools Rating 7/10), Lucille Moore Elementary School (GreatSchools Rating 5/10), Breakfast Point Academy (GreatSchools Rating 6/10), Surfside Middle School (GreatSchools Rating 6/10), University Academy Sabl Inc (GreatSchools Rating 10/10), J.R. Arnold High School (GreatSchools Rating 5/10), Rising Leaders Academy (GreatSchools Rating 5/10), Central High School (GreatSchools Rating 2/10).

According to the records, the last property tax for 2023 is $3,449 (source: MLS/based on county public records data).

The property at 8727 Thomas Dr Unit C38 has 2 bedrooms and 2 bathrooms.

The property 8727 Thomas Dr Unit C38 is 1,086 SqFt (source: MLS/tax record).

The year of construction for 8727 Thomas Dr Unit C38 is 1974.

This home is located at 8727 Thomas Dr Unit C38 in Panama City Beach, FL and zip code 32408. This 1,086 square foot home was built in 1974. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 14, 2025 and is currently priced at $394,800.

In April 2025 more than 1 listings in Panama City Beach, FL were sold above the asking price. During the same period more than 18 listings were sold at asking price, while more than 96 were sold below. In April 2025 in Panama City Beach, FL there were 6.2% more homes for sale than in March. In April 2025 median list price was $439,280 and the average listing age was 92 days.

From Rocket Homes Real Estate and based on county public records data.

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