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409/8730 Thomas Drive

Lower Grand Lagoon FL 32408

3
3
1322 sq. ft.
Condo
Currently for sale - view listing

Overview

Investor Alert - Turnkey Airbnb with Immediate Cash Flow Exceptional opportunity in Panama City Beach--legal short-term rental with a 6.4% cap rate and projected income of $51,768. Sold fully furnished with future bookings in place. This 2-story condo in the gated Villas of St. Thomas Square offers a boat dock, a 2 block walk to the beach and water views overlooking St. Andrews Bay. Features include private balcony, modern kitchen with washer/dryer, smart thermostat, smart TVs, fresh paint, and updated fixtures. Community amenities: pool, tennis, clubhouse, sauna, BBQ. Low HOA + unincorporated Bay County = favorable STR taxes. Seller offering 3 months of complimentary management. Largest + best decor + best situated unit in complex! Walkable to beaches, dining, and entertainment

Features

3 bedrooms
3 bathrooms
1322 sq. ft. floor area
Condo

Property history for 409/8730 Thomas Drive

2023
Sold
$399,500
05 May 2023 by Stephanie Harrington, of LPT Realty, LLC
2021
Sold
$291,000
30 Apr 2021 by J3/Jim Hodges, of Coastal Sun Realty LLC
2019
Sold
$217,500
10 Apr 2019 by Victoria Haley, of Counts Real Estate Group Inc

Happy sellers in Lower Grand Lagoon

90%
90% of sellers in Lower Grand Lagoon reported that their sale price either exceeded or met their price expectations.

Lower Grand Lagoon stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 22 reviews in Lower Grand Lagoon over the last 12 months.

Local market activity for 3 bedroom condos in Lower Grand Lagoon

In the last 12 months, 96 three-bedroom condos similar to 409/8730 Thomas Drive, have been sold.

This represents a 2% increase in three-bedroom condos sales when compared to the previous 12 months.

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