SoldApr 30, 2021

Listed by J3/Jim Hodges

Listed and Bought with Catherine Anderson

Source: Bay County Realtors Association #707487

409/8730 Thomas Drive, Lower Grand Lagoon, FL, 32408

$291,000

3
3
1322 sq. ft.

Condo

•

30+ days on the market

Sold: Apr 30, 2021

What's around 409/8730 Thomas Drive

About this property

Water front Villa with Gulf access. Upstairs has a very large master bedroom with a sitting area to be able to enjoy the beautiful views of the Lagoon. Master bath has a double sink vanity and a walk -in-closet. The 3rd bedroom is located on this floor as well. Living Room/Dining area combo; Breakfast bar; lots of closets for storage; Bedroom & full bath downstairs; . Vaulted ceilings upstairs; Condo has a beautiful view of Grand Lagoon. Excellent resort or long term rental potential. Located in a community less than a block from the beach & public beach access. Community pool, tennis courts & dock. Hop in your boat & get to the bay & the gulf in minutes; very convenient to entertainment, restaurants, beaches, shopping, & navy base. All info & measurements should be verified if important. Unit 401 below just closed for $319k.... Info from the Seller regarding Rental History: Hey Jim- Double sword question since we've had this place 2 years and last year was Covid stricken. So numbers would've been extremely better.... Based off of 2019-2020 Here's what I did-Vacation rental with Airbnb (during spring-summer this has the Max potential) average earnings $26,800 Sept-March (we catered to snowbird rental month to month with a boat) $2800 monthly (they had a pet) $16,800 $43-$50k+++ if they maximize using property managers or go strictly Vacation rental not renters.... So depends how aggressive they are marketing the condo. You can make a lot more. HOA-owners have access to pool, indoor community room, tennis, boat dock, parking trailer, 2 owner parking passes, sauna, bbq area. Monthly Meetings and have the opportunity to be part of the board. Zoom call meeting with all owners monthly. Free wifi- StThomas. I believe water is part of the HOA. I have subscription for the Kaba Lock maintenance and services. Also for AC maintenance they can take over all of them. Have a great day, Imee The HOA is in-charge of all the Windows and it's going through mitigation with lawyers...it's been an ongoing process but they will be replacing...when? We are waiting could be this Summer once the insurance company agrees on renovations. More news on that with the HOA meetings. All owners can attend. Gulf electric - depends on how busy your unit is... I average about $160-190 depending on use. Also AC I keep it at 76 to regulate and conserve energy when know one is there.

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