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

Panama City Beach
Local realty services provided by:Better Homes and Gardens Real Estate Emerald Coast
8727 Thomas Drive #UNIT C40,Panama City Beach, FL 32408
$299,000
  • 2 Beds
  • 2 Baths
  • 1,086 sq. ft.
  • Condominium
  • Pending
Listed by: garrett s aune
Office: beachy beach real estate
MLS#:995062
Source:FL_ECAR

Price summary

  • Price:$299,000
  • Price per sq. ft.:$275.32

About this home

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...

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Home facts

  • Year built:1974
  • Listing ID #:995062
  • Added:94 day(s) ago
  • Updated:May 17, 2026 at 07:08 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:7
  • Kitchen Description:Dishwasher, Microwave, Refrigerator, Stove/Oven Electric
  • Living area:1,086 sq. ft.

Heating and cooling

  • Central air:Yes

Structure and exterior

  • Year built:1974
  • Building area:1,086 sq. ft.
  • Exterior Features:BBQ Pit/Grill, Balcony, Tennis Court

Schools

  • High school:Arnold
  • Middle school:Breakfast Point
  • Elementary school:Breakfast Point

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$299,000
  • Price per sq. ft.:$275.32
  • Tax amount:$3,735 (2025)

Features and amenities

  • Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer
  • Laundry features:Dryer, Washer
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