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8727 Thomas Drive, Unit C40
Panama City, FL 32408

$299,000 - Status: Active

Beds: 2

Baths: 2 full

SQFT (H&C): 1,086

MLS# 782393

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#: 782393

Zip: 32408

Subdivision: Sugar Beach Condo

Development: 0323 - Beach - South Of Grand Lagoon

Property Type: Residential - Condominium

Cooling: Central Air, Ceiling Fan(s)

Days on Site: 130

Fenced: Yes

Heating: Central, Electric

Home Style: Low Rise

Roof Type: Flat, Membrane

Stories: 3.0

Taxes: $3,644

Year Built: 1974

SQFT (H&C): 1,086

Feature Descriptions

Appliances: Washer/Dryer Stacked, Electric Oven, Electric Water Heater

Association Amenities: Beach Rights, Barbecue, Picnic Area

Building Features: Dumpster

Community Features: Barbecue, Beach, Clubhouse, Laundry Facilities, Park, Pool, Tennis Court(s), Waterfront, Community Pool, Gated, Short Term Rental Allowed

Exterior: Block, HardiPlank Type, Concrete

Laundry: Stacked

Parcel#: 30189-103-000

Parking: Electric Gate, Paved, Parking Lot, Gated

Parking Notes: Electric Gate, Paved, Parking Lot, Gated

Patio/Porch: Balcony, Covered, Patio

Pool: Fenced, In Ground, Community

Security: Closed Circuit Camera(s), Gated Community, Security Fence, Security Gate, Smoke Detector(s)

Sewer: Public Sewer

Special View Info: Other

Utilities: Cable Connected, Electricity Available, High Speed Internet Available

Waterfront: Other

Room Sizes

Other: 15 X 8 Level - First

Full Bath: 8 X 6 Level - First

Living Room: 21 X 13 Level - First

Kitchen: 9 X 8 Level - First

Bedroom: 13 X 12 Level - First

Primary Bedroom: 15 X 14 Level - First

Local Schools

High School: Arnold

Middle School: Breakfast Point

Elementary School: Breakfast Point

8727 Thomas Drive, Unit C40 | MLS# 782393

This condo located at 8727 Thomas Drive, Unit C40, Panama City, 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 C40 is located in the Sugar Beach Condo subdivision. Search Sugar Beach Condo real estate on aripka.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Beachy Beach Real Estate

Shown By

Agent Name: Audrey Ripka
Agent Phone: (850) 814-4870

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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 04/15/2026. The listing information on this page last changed on 04/15/2026. 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 Wed 04/15/2026 12:29:13 AM EST) or Emerald Coast MLS (last updated Wed 04/15/2026 12:05:28 AM EST) or Central Panhandle Association of Realtors (last updated Wed 04/15/2026 12:27:18 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 C40Panama City, FL 32408