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Back C40/8727 Thomas Drive
Off Market

C40/8727 Thomas Drive

Panama City Beach FL 32408

2
2
1086 sq. ft.
Condo
Last sold for $265,000
Garrett AuneGarrett Aune, last sold this property on 29 May 2026 after 174 days on market.

Overview

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!!!

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 C40/8727 Thomas Drive is $420k.

Median value
$420k
Estimated value range
$169k - $975k
Median days on market
102
Estimated value trend
0%
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 C40/8727 Thomas Drive

2026
Sold
$265,000
29 May 2026 by Garrett Aune, of Beachy Beach Real Estate

Happy sellers in Panama City Beach

90%
90% 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 21 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, 193 two-bedroom condos similar to C40/8727 Thomas Drive, have been sold.

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

Nearby agents

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

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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   (144 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 clear communication, local expert, responsive, great negotiation, detail-oriented, proactive, and friendly

  •   5   (65 reviews)
  •  6 Reviews in Panama City Beach
  •  6 Sales in Panama City Beach
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