8727 Thomas Drive B13, Panama City Beach

$489,000

3 Beds
3 Baths
1,512 Sqft
0 Acre
0 Garage

LOWEST PRICED 3 bed / 3 bath condo on the ENTIRE BEACH!!!

Experienced investors are trained to ''love'' the number and simply ''like'' the property, but why not have both? This is by far the LOWEST PRICED comp in the entire town that is this close to the sand, and if pricing wasn't an instant attention grabber... it also has some of the lowest HOA fee's of all the comps!

Simply put, you will not find a 3 bedroom condo on the beach with views like this. Only a few feet from the sand, you can go from your incredible condo to the emerald green waters before folks in other communities can even catch an elevator! That's right... park directly at your door, and within seconds, find your toes in the sand and your soul soaking in the sun. A key requirement for generating strong rentals is location, and the prime location is where this condo TRULY outshines all other competition.

For the kiddos, there are go cart tracks, video arcades, mini golf courses, thrill rides, ice cream shops, souvenir shops, and the list goes on!

For the adults, there are numerous bars/restaurants right outside your door - including the Famous Ms. Newby's! To make it even better, Tootsies will be opening their highly anticipated Beach Bar just 2 doors down - where big name band's will undoubtedly be brought back to the beach. No need to drive after those adult beverages, your condo is perfectly located just a few seconds away!!!

Although the legendary action of Thomas Dr is right outside your front door, if it's peace and quiet you seek, you will lose yourself in the serenity of the lush and peaceful oasis of Sugar Beach. Offering one of the largest and most unique greenspaces in all of PCB, this incredible community offers ample room to stretch your legs while walking the well-manicured path around the pristine sprawling koi/turtle pond. You will not find another property in town that is directly on the beach - yet also offers such an incredible courtyard with a pool, tennis/pickleball courts, shuffleboard, a grilling area, a community clubhouse, a private gated beach access, and over 375 feet of incredible beach access!

Sugar Beach 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 when it comes to rentals, you find yourself with a true competitive advantage.

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!

This amazing unit has already been updated with over $50k in upgrades: All new hurricane doors and windows in 2024, newly remodeled bathrooms upstairs, new LVP and Tile flooring in most areas, custom woodwork in the living room and stairs, etc. It is turnkey and ready to go!!!

With many 3 bedroom units in Sugar Beach generating $60k+ annually in rentals... One look at the numbers, one look at the condo, and one look at the location - and you will become a firm believer. This condo genuinely has it all and will turn an incredible profit - while creating unforgettable lifetime memories for years to come.

Welcome to Paradise!!!

Essential Information
MLS® #985861
Price$489,000
Sold Price$480,000
Date Sold$2025-11-17
Bedrooms3
Bathrooms3.00
Full Baths3
Square Footage1,512
Year Built1974
TypeResidential
Sub-TypeCondominium
StyleN/A
StatusSold
Community Information
Address8727 Thomas Drive B13
Area27 - Bay County
SubdivisionSugar Beach Condominiums
CityPanama City Beach
CountyBay
StateFL
Zip Code32408
Amenities
ViewGulf, Pond
Is WaterfrontYes
WaterfrontPond
Has PoolYes
PoolIn Ground
Amenities

BBQ Pit/Grill, Beach, Community Room, Dumpster, Gated Community, Laundry, Picnic Area, TV Cable, Tennis, Waterfront, Pets Allowed, Pickle Ball, Short Term Rental - Allowed

Utilities

Electric, Public Sewer, Public Water, TV Cable

Interior
CoolingCeiling Fan(s)
Interior Features

Breakfast Bar, Crown Molding, Owner's Closet, Washer/Dryer Hookup

Appliances

Dishwasher, Dryer, Microwave, Refrigerator, Washer

Exterior
RoofMembrane
ConstructionConcrete, Stucco
FoundationSlab
Exterior Features

Outdoor Grill, Pool - Enclosed, Tennis Court(s)

Windows

Double Pane Windows, Skylight(s)

School Information
ElementaryBreakfast Point
MiddleBreakfast Point
HighArnold
Additional Information
Days on Website390
HOA Fees3043.73
HOA Fees Freq.Quarterly
Listing Details
OfficeBeachy Beach Real Estate
Property History
Price Reduced from $499,000 to $489,000
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 16th, 2026 at 4:07am CDT.