C21/8727 Thomas Drive

Off Market

C21/8727 Thomas Drive

Panama City Beach FL 32408

1086 sq. ft.

Condo

Last sold for $505,000

Mindy Koester, last sold this property on 10 April 2026 after 73 days on market.

Overview

'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Perched on the top floor of Sugar Beach Condominiums, Unit C21 delivers the rare combination buyers and renters crave most: true Gulf-front living, peaceful privacy, and walk-everywhere convenience. Chosen specifically for its oceanfront position and quiet setting, this fully updated 2-bedroom, 2-bath condo offers unobstructed Gulf views, vibrant sunsets, and the simple luxury of knowing no one is above you. Inside, the condo has been thoughtfully refreshed with upgrades that enhance both comfort and performance, including updated paint and lighting, HVAC, a dedicated dehumidifier system, newer windows and doors, smart TVs, an electric fireplace, and fully stocked kitchenware and furnishings. The space is bright, coastal, and calming. It is a place the owners describe as one that simply ''brings a lot of happiness'' and truly ''suits everyone.'' Step out onto the private Gulf-front balcony and take in sweeping water views, coastal breezes, and sunsets that never get old. Sugar Beach itself is known for its private, gated, peaceful, and family-oriented atmosphere, blending full-time residents with vacationers in a way that feels welcoming and relaxed. The community offers over 375 feet of private deeded beachfront, along with private beach access, a pool, clubhouse, tennis and pickleball courts, grilling areas, and beautifully landscaped grounds centered around the iconic koi and turtle pond. It's a resort-style setting without the congestion of high-rise living. No elevators, easy parking, and a quieter, more personal feel. Owners also benefit from some of the lowest HOA fees on Panama City Beach, which plays a major role in the long-term value and profitability of the property. One of the biggest highlights is the walkability. From the front gate, you're steps to a wide variety of restaurants, beach bars, live music venues, family attractions, shopping, arcades, mini golf, and entertainment along Thomas Drive. The excitement is only growing with Tootsies Orchid Lounge set to open just a few doors down, bringing a high-energy Nashville-style music scene right to your neighborhood, all without needing to drive. Whether you're looking for a serene personal retreat, a second home, or a proven short-term rental, this condo delivers. Sugar Beach is one of the only Gulf-front communities in PCB that allows pets, a major advantage that consistently drives higher demand and stronger occupancy. Unit C21 has averaged approximately $50,000-$60,000 annually in gross rental income without aggressive management, with seasonal nightly rates ranging from $250-$400 per night. When you combine Gulf-front location, top-floor privacy, low HOA fees, pet-friendly flexibility, and walkable entertainment, the ROI here simply makes sense. (Other units have done over $60k/$70k aggressively) Top floor. Gulf front. Quiet. Walkable. Proven. Unit C21 isn't just a condo. It's a lifestyle that keeps guests returning and owners smiling long after the sand is rinsed off.

Features

2 bedrooms

2 bathrooms

1086 sq. ft. floor area

Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in Panama City Beach over the last 12 months, the estimated median property value of C21/8727 Thomas Drive is $430k.

Median value

$430k

Estimated value range

$135k - $1.05m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Panama City Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for C21/8727 Thomas Drive

2026

Sold

$505,000

10 Apr 2026 by Mindy Koester, of EPIQUE REALTY, INC.

2023

Sold

$550,000

11 Aug 2023 by Garrett Aune, of Beachy Beach Real Estate

2022

Sold

$580,000

17 Jun 2022 by Bryce Miller, of Miller & Associates Realty

Happy sellers in Panama City Beach

91%

91% of sellers in Panama City Beach reported that their sale price either exceeded or met their price expectations.

Panama City Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 33 reviews in Panama City Beach over the last 12 months.

Local market activity for 2 bedroom condos in Panama City Beach

In the last 12 months, 208 two-bedroom condos similar to C21/8727 Thomas Drive, have been sold.

This represents a 12% decrease in two-bedroom condos sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Panama City Beach for a market analysis.

Zack Seltzer

at SELTZER REAL ESTATE

(68 reviews)

Get a market analysis

Alice de La Penha

at The Real Experts

(148 reviews)

Get a market analysis

Sean Casilli

at The Real Experts

(21 reviews)

Get a market analysis

Tyler S Smith

at Legacy Premier Agency LLC

(75 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Panama City Beach

Zack Seltzer

Zack Seltzer is an award winning recommended agent for Panama City Beach. They have 28 local sales and collected 10 local reviews across the last 12 months.

5 (68 reviews)
10 Reviews in Panama City Beach
28 Sales in Panama City Beach

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Alice de La Penha

Alice de La Penha is an award winning recommended agent for Panama City Beach. They have 20 local sales and collected 7 local reviews across the last 12 months.

5 (148 reviews)
7 Reviews in Panama City Beach
20 Sales in Panama City Beach

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Sean Casilli

Sean Casilli is a recommended agent for Panama City Beach. They have collected 6 local reviews across the last 12 months.

5 (21 reviews)
6 Reviews in Panama City Beach

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Tyler S Smith

Sellers who recommend Tyler S Smith have praised them for being local expert, clear communication, responsive, great negotiation, detail-oriented, proactive, and well-prepared