8727 Thomas Drive Unit C21, Panama City Beach

LOWEST ''Gulf Front'' HOA's in all of PCB!!!The savviest of Investors know how important it is to look at the total cost of ownership when looking for rental properties, and they understand how crucial HOA dues are when it comes to generating a profitable Return on Investment (ROI). This BEAUTIFULLY REMODELED unit offers everything an investor could ever need to maximize their ROI, including the lowest priced annual HOA expenses (by over $2,300) when compared to every other 2 bed / 2 bath Gulf Front unit currently available in PCB!!!If you are money minded, I'm betting I have your attention now...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: This condo is so close to the beach, you can almost feel the mist from the breaking waves while sitting on your private patio. Without using a measuring tape, I would venture to say that this unit is probably the closest to the water of all condo's currently for sale in PCB. Renters want a view, and words simply can't describe the beauty of the sights they are blessed with from the living room, dining room, and master bedroom. The views are truly unforgettable... LOCATION: After watching some of the world's most awe-inspiring sunsets from your back patio, simply head out front to experience the legendary action of Thomas Drive. If you don't want to drive to dinner, rest assured knowing that your vehicle is safely parked right outside your front door - and you don't need any vehicles to enjoy the best that PCB has to offer because of this condo's incredible location! 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 right outside your door - including the Famous Ms. Newby's! No need to drive after those adult beverages, your condo is perfectly located just a few seconds away!!! AMMENITIES: Success in business is all about Competitive Advantage, and Sugar Beach offers something that differentiates itself from everyone else in PCB... It is one of the only PET FRIENDLY Gulf front rental destinations in the entire area. Years of market data shows that pet friendly options bring a higher nightly rate, have a better vacancy 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, a huge koi/turtle pond, 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 the lowest HOA's 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! Not only is the income potential of this condo a thing of beauty, the condo itself is absolutely stunning! The designer kitchen is equipped with soft close craftsman style cabinetry, gorgeous granite counter tops, a large stainless farmhouse sink, and top of the line stainless appliances. The spacious living room is perfectly situated to ensure some of the most amazing Gulf views imaginable, and comes fully furnished with ALL NEW furniture and décor. Most people dream of opening their eyes in the morning and seeing the beautiful Gulf Coast water from their bed, and this master bedroom brings those dreams into reality. Ample space, beautiful coastal furniture, and incredible views... what else could you ask for in a bedroom! The Master bathroom is beautifully decorated with designer tile flooring, an upscale vanity with granite counter top, and the gorgeous tile shower is equipped with dual overhead shower heads. The guest bedroom offers a very large floorplan, and comes fully equipped with a bunk bed, chest, and desk. It has more than enough space to add another bed, or it could even fit 2 full size beds to better generate rental opportunities! The attached private bathroom is tastefully decorated with a stylish vanity, tile flooring, and a shower/tub combo that features beautiful tile work. The average 2 bedroom in Sugar Beach brings in over $50k annually in rentals, and some of the well-established ones bring in over $70k. At the high end your annual ROI would be well over 10% on a financed purchase - which is unheard of nowadays. Welcome Home! NOTE: Avoid ''unknown'' assessments sure to impact many FL Condo properties - and go with a well-established community that has already started the process/fully understands upcoming costs associated with becoming compliant with the new FL Condo Laws. Sugar Beach has already started the process and should be amongst the first in all of PCB to reach compliance! Where many properties haven't even started the process, and where some of the properties that have started are facing $60k+ assessments, Sugar Beach stands out as being incredibly proactive, and this approach has resulted in a much lower cost for compliance. Each unit will require new sliding glass hurricane doors and hurricane windows. This cost is right at $14k, and the Seller is willing to pay most of the cost with an approved offer. The first quarterly payment isn't due until October of 2023. There will be 3 additional quarterly payments due after that, with the final payment being due July 2023 (over a year away). Each unit will also have a separate expense to help cover property wide updates required to reach compliance. The cost for that is right at $14k, and will have the same quarterly payment plan. The current owner has taken these 2 costs into consideration, and has priced the condo accordingly. The new owners can get this unit with new doors and windows paid for, pay the property assessment themselves, and STILL be much lower than most of the comps (which haven't even addressed upcoming assessments associated with compliance just yet)!