28
Map
8727 Thomas Drive #C21
About This Property
The savviest of Investors know how important it is to look at the total cost of ownership when looking for rental properties, and they understand how crucial HOA dues are when it comes to generating a profitable Return on Investment (ROI).
This BEAUTIFULLY REMODELED unit offers everything an investor could ever need to maximize their ROI, including the lowest priced annual HOA expenses (by over $2,300) when compared to every other 2 bed / 2 bath Gulf Front unit currently available in PCB!!!
If you are money minded, I'm betting I have your attention now...
Maximizing rental income starts with one basic concept - maximizing ''Heads in Beds.'' And when it comes to ensuring incredible occupancy rates, this unit offers all the key amenities renters look for when booking their vacation: View, Location, Complex Amenities, and Price.
VIEW: This condo is so close to the beach, you can almost feel the mist from the breaking waves while sitting on your private patio. Without using a measuring tape, I would venture to say that this unit is probably the closest to the water of all condo's currently for sale in PCB. Renters want a view, and words simply can't describe the beauty of the sights they are blessed with from the living room, dining room, and master bedroom. The views are truly unforgettable...
LOCATION: After watching some of the world's most awe-inspiring sunsets from your back patio, simply head out front to experience the legendary action of Thomas Drive. If you don't want to drive to dinner, rest assured knowing that your vehicle is safely parked right outside your front door - and you don't need any vehicles to enjoy the best that PCB has to offer because of this condo's incredible location!
Located on the coveted East end of the beach (considerably less traffic), there are go cart tracks, video arcades, mini golf courses, thrill rides, ice cream shops, a winery, souvenir shops, etc. – directly in front of the property.
For the adults, there are numerous bars/restaurants right outside your door - including the Famous Ms. Newby's! No need to drive after those adult beverages, your condo is perfectly located just a few seconds away!!!
AMMENITIES: Success in business is all about Competitive Advantage, and Sugar Beach offers something that differentiates itself from everyone else in PCB... It 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 you have true competitive advantage with this one.
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!
It also offers a private gated beach access, a pool, huge clubhouse with games, tennis/pickleball courts, shuffleboard, a grilling area, a huge koi/turtle pond, over 375 feet of incredible beach access, and expansive greenspace unique from every other Gulf Front property in PCB!
PRICE: Last but not CERTAILY not least, renters pick their vacation condo based on price. With a low selling price, low utility costs, and the lowest HOA's of all the competition, you have less overhead which ensures that you can charge less per night (as compared to the competition), bringing in strong rentals and generating an incredible profit! Not only is the income potential of this condo a thing of beauty, the condo itself is absolutely stunning!
The designer kitchen is equipped with soft close craftsman style cabinetry, gorgeous granite counter tops, a large stainless farmhouse sink, and top of the line stainless appliances.
The spacious living room is perfectly situated to ensure some of the most amazing Gulf views imaginable, and comes fully furnished with ALL NEW furniture and decor.
Most people dream of opening their eyes in the morning and seeing the beautiful Gulf Coast water from their bed, and this master bedroom brings those dreams into reality. Ample space, beautiful coastal furniture, and incredible views... what else could you ask for in a bedroom!
The Master bathroom is beautifully decorated with designer tile flooring, an upscale vanity with granite counter top, and the gorgeous tile shower is equipped with dual overhead shower heads.
The guest bedroom offers a very large floorplan, and comes fully equipped with a bunk bed, chest, and desk. It has more than enough space to add another bed, or it could even fit 2 full size beds to better generate rental opportunities! The attached private bathroom is tastefully decorated with a stylish vanity, tile flooring, and a shower/tub combo that features beautiful tile work.
The average 2 bedroom in Sugar Beach brings in over $50k annually in rentals, and some of the well-established ones bring in over $70k. At the high end your annual ROI would be well over 10% on a financed purchase - which is unheard of nowadays.
Welcome Home!
NOTE: Avoid ''unknown'' assessments sure to impact many FL Condo properties - and go with a well-established community that has already started the process/fully understands upcoming costs associated with becoming compliant with the new FL Condo Laws. Sugar Beach has already started the process and should be amongst the first in all of PCB to reach compliance!
Where many properties haven't even started the process, and where some of the properties that have started are facing $60k+ assessments, Sugar Beach stands out as being incredibly proactive, and this approach has resulted in a much lower cost for compliance.
Each unit will require new sliding glass hurricane doors and hurricane windows. This cost is right at $14k, and the Seller is willing to pay a portion of this cost with an approved offer. The first quarterly payment isn't due until October of 2023. There will be 3 additional quarterly payments due after that, with the final payment being due July 2023 (over a year away).
Each unit will also have a separate expense to help cover property wide updates required to reach compliance. The cost for that is right at $14k, and will have the same quarterly payment plan.
The current owner has taken these 2 costs into consideration, and has priced the condo accordingly. The new owners can get this unit with new doors and windows paid for, pay the property assessment themselves, and STILL be much lower than most of the comps (which haven't even addressed upcoming assessments associated with compliance just yet)!
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Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 11, 2023 | Sold | ||
| Sold | |||
| Jul 5, 2023 | No longer available | - | |
| No longer available | |||
| Jun 16, 2023 | Price Decreased |
$599,800
↓ $100
(0%) | |
| Price Decreased | |||
| Jun 1, 2023 | Price Decreased |
$599,900
↓ $12K
(2%) | |
| Price Decreased | |||
| May 23, 2023 | Listed by Beachy Beach Real Estate | $612,000 | |
| Listed by Beachy Beach Real Estate | |||
| | |||
|
LOWEST ''Gulf Front'' HOA's in all of PCB!!!The savviest of Investors know how important it is to look at the total cost of ownership when looking for rental properties, and they understand how crucial HOA dues are when it comes to generating a profitable Return on Investment (ROI). This BEAUTIFULLY REMODELED unit offers everything an investor could ever need to maximize their ROI, including the lowest priced annual HOA expenses (by over $2,300) when compared to every other 2 bed / 2 bath Gulf Front unit currently available in PCB!!!If you are money minded, I'm betting I have your attention now... The manager has listed the unit size as 1086 square feet.
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/25/2026
|
1 Bed
|
1 Bath
|
752 ft²
|
$268,000
1 Bed
1 Bath
752 ft²
|
$218,000
-18.66%
10/16/2026
|
Kathy S Bass
Avenue Realty
| |
|
08/17/2026
|
2 Bed
|
2 Bath
|
939 ft²
|
$325,000
2 Bed
2 Bath
939 ft²
|
$295,000
-9.23%
10/07/2026
|
Ben Alexander
Emerald Coastal Inc
| |
|
04/28/2026
|
4 Bed
|
3 Bath
|
1750 ft²
|
$620,000
4 Bed
3 Bath
1750 ft²
|
$560,980
-9.52%
10/27/2026
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
04/11/2026
|
4 Bed
|
3 Bath
|
1750 ft²
|
$620,000
4 Bed
3 Bath
1750 ft²
|
$560,980
-9.52%
10/27/2026
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
02/12/2026
|
3 Bed
|
3 Bath
|
1512 ft²
|
$453,500
3 Bed
3 Bath
1512 ft²
|
$380,000
-16.21%
05/29/2026
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
02/11/2026
|
2 Bed
|
2 Bath
|
1086 ft²
|
$327,500
2 Bed
2 Bath
1086 ft²
|
$265,000
-19.08%
05/29/2026
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
02/05/2026
|
2 Bed
|
2 Bath
|
1086 ft²
|
$324,900
2 Bed
2 Bath
1086 ft²
|
$305,000
-6.12%
05/01/2026
|
At The Beach Team
Keller Williams Realty Destin
| |
|
01/19/2026
|
4 Bed
|
3 Bath
|
-
|
$649,995
4 Bed
3 Bath
|
$615,000
-5.38%
03/02/2026
|
Mario Gobel
RE/MAX SELECT Partners
| |
|
01/09/2026
|
2 Bed
|
2 Bath
|
1086 ft²
|
$349,000
2 Bed
2 Bath
1086 ft²
|
$315,000
-9.74%
06/30/2026
|
Kyle V Hock
RealJoy Realty LLC
| |
|
09/05/2025
|
3 Bed
|
3 Bath
|
1512 ft²
|
$489,000
3 Bed
3 Bath
1512 ft²
|
$480,000
-1.84%
11/17/2025
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
09/11/2025
|
2 Bed
|
2 Bath
|
939 ft²
|
$315,000
2 Bed
2 Bath
939 ft²
|
$297,000
-5.71%
03/18/2026
|
David L Travare
The Travare Brokerage Firm
| |
|
04/17/2025
|
1 Bed
|
1 Bath
|
-
|
$265,000
1 Bed
1 Bath
|
$250,000
-5.66%
05/09/2025
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
03/14/2025
|
2 Bed
|
2 Bath
|
-
|
$395,000
2 Bed
2 Bath
|
$331,586
-16.05%
09/17/2025
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
10/18/2024
|
2 Bed
|
2 Bath
|
1086 ft²
|
$426,000
2 Bed
2 Bath
1086 ft²
|
$371,000
-12.91%
04/15/2025
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
09/27/2024
|
2 Bed
|
2 Bath
|
1086 ft²
|
$399,000
2 Bed
2 Bath
1086 ft²
|
$371,000
-7.02%
04/15/2025
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
09/27/2024
|
4 Bed
|
3 Bath
|
-
|
$475,000
4 Bed
3 Bath
|
$450,000
-5.26%
11/01/2024
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
03/06/2024
|
2 Bed
|
2 Bath
|
1086 ft²
|
$410,000
2 Bed
2 Bath
1086 ft²
|
-
-
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
03/16/2024
|
4 Bed
|
3 Bath
|
1750 ft²
|
$685,000
4 Bed
3 Bath
1750 ft²
|
-
-
|
Rush Valentine
EXP Realty LLC
| |
|
02/15/2024
|
4 Bed
|
3 Bath
|
-
|
$665,000
4 Bed
3 Bath
|
$625,000
-6.02%
07/11/2024
|
Roger Bradley
Beach Realty of Cape San Blas - PSJ
| |
|
11/08/2023
|
2 Bed
|
2 Bath
|
1086 ft²
|
$565,000
2 Bed
2 Bath
1086 ft²
|
-
-
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
10/13/2023
|
2 Bed
|
2 Bath
|
1086 ft²
|
$399,000
2 Bed
2 Bath
1086 ft²
|
-
-
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
10/28/2023
|
4 Bed
|
3 Bath
|
1750 ft²
|
$689,950
4 Bed
3 Bath
1750 ft²
|
-
-
|
Roger L Bradley
Berkshire Hathaway HomeServices
| |
|
10/20/2023
|
1 Bed
|
1 Bath
|
752 ft²
|
$315,000
1 Bed
1 Bath
752 ft²
|
-
-
|
The Jarrett Group
Keller Williams Success Realty
| |
|
06/26/2023
|
3 Bed
|
3 Bath
|
1512 ft²
|
$549,000
3 Bed
3 Bath
1512 ft²
|
$499,000
-9.11%
02/01/2024
|
Garrett Aune
Beachy Beach Real Estate
| |
|
04/28/2023
|
2 Bed
|
2 Bath
|
1086 ft²
|
$599,800
2 Bed
2 Bath
1086 ft²
|
$550,000
-8.30%
08/11/2023
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
05/10/2023
|
3 Bed
|
3 Bath
|
1512 ft²
|
$429,000
3 Bed
3 Bath
1512 ft²
|
$427,000
-0.47%
06/19/2023
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
04/18/2023
|
3 Bed
|
3 Bath
|
1512 ft²
|
$540,000
3 Bed
3 Bath
1512 ft²
|
$523,000
-3.15%
07/05/2023
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
04/21/2023
|
3 Bed
|
3 Bath
|
1750 ft²
|
$649,500
3 Bed
3 Bath
1750 ft²
|
$649,500
08/11/2023
|
Chad Hatfield
RealJoy Realty LLC
| |
|
07/14/2022
|
4 Bed
|
3 Bath
|
1750 ft²
|
$670,000
4 Bed
3 Bath
1750 ft²
|
-
-
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
01/07/2023
|
2 Bed
|
2 Bath
|
939 ft²
|
$375,000
2 Bed
2 Bath
939 ft²
|
$365,000
-2.67%
02/10/2023
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
10/18/2022
|
2 Bed
|
2 Bath
|
1086 ft²
|
$398,900
2 Bed
2 Bath
1086 ft²
|
$395,000
-0.98%
03/21/2023
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
10/13/2022
|
2 Bed
|
2 Bath
|
1086 ft²
|
$423,000
2 Bed
2 Bath
1086 ft²
|
$423,000
11/22/2022
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
09/06/2022
|
2 Bed
|
2 Bath
|
1086 ft²
|
$395,000
2 Bed
2 Bath
1086 ft²
|
$395,000
11/28/2022
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
08/29/2022
|
2 Bed
|
2 Bath
|
1086 ft²
|
$390,000
2 Bed
2 Bath
1086 ft²
|
$390,000
09/19/2022
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
07/12/2022
|
4 Bed
|
3 Bath
|
1750 ft²
|
$635,000
4 Bed
3 Bath
1750 ft²
|
-
-
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
07/12/2022
|
4 Bed
|
3 Bath
|
1750 ft²
|
$650,000
4 Bed
3 Bath
1750 ft²
|
-
-
|
Garrett S Aune
Beachy Beach Real Estate
| |
|
06/23/2022
|
2 Bed
|
2 Bath
|
939 ft²
|
$529,900
2 Bed
2 Bath
939 ft²
|
$480,000
-9.42%
09/29/2022
|
Whitby D Jerkins
Berkshire Hathaway HomeServices
| |
|
04/05/2022
|
3 Bed
|
3 Bath
|
1512 ft²
|
$525,000
3 Bed
3 Bath
1512 ft²
|
-
-
|
Mia Nadeau
Beachy Beach Real Estate
| |
|
01/26/2022
|
2 Bed
|
2 Bath
|
939 ft²
|
$310,000
2 Bed
2 Bath
939 ft²
|
$310,000
04/01/2022
|
Jonathan Claunch
Beachy Beach Real Estate
| |
|
06/04/2021
|
2 Bed
|
2 Bath
|
1086 ft²
|
$359,000
2 Bed
2 Bath
1086 ft²
|
$339,000
-5.57%
08/18/2021
|
Robert B Ellis
Counts Real Estate Group Inc
| |
|
05/14/2021
|
4 Bed
|
3 Bath
|
1750 ft²
|
$359,000
4 Bed
3 Bath
1750 ft²
|
$359,000
06/29/2021
|
Robert B Ellis
Counts Real Estate Group Inc
| |
|
05/13/2021
|
2 Bed
|
2 Bath
|
1086 ft²
|
$235,000
2 Bed
2 Bath
1086 ft²
|
$235,000
05/21/2021
|
Karen K Smith
| |
|
05/07/2021
|
1 Bed
|
1 Bath
|
752 ft²
|
$220,000
1 Bed
1 Bath
752 ft²
|
$220,000
07/14/2021
|
Scott K Ingraham
Scott Ingraham Real Estate
| |
|
03/26/2021
|
3 Bed
|
3 Bath
|
1512 ft²
|
$315,000
3 Bed
3 Bath
1512 ft²
|
$310,000
-1.59%
06/03/2021
|
Carolyn S Glenn
| |
|
02/21/2021
|
3 Bed
|
3 Bath
|
1512 ft²
|
$519,000
3 Bed
3 Bath
1512 ft²
|
-
-
|
-
| |
|
12/11/2020
|
3 Bed
|
3 Bath
|
1512 ft²
|
$310,000
3 Bed
3 Bath
1512 ft²
|
$290,000
-6.45%
03/26/2021
|
Scott K Ingraham
Scott Ingraham Real Estate
| |
|
12/11/2020
|
3 Bed
|
3 Bath
|
1512 ft²
|
$310,000
3 Bed
3 Bath
1512 ft²
|
$145,000
-53.23%
03/29/2021
|
Scott K Ingraham
Scott Ingraham Real Estate
| |
|
11/18/2020
|
2 Bed
|
2 Bath
|
939 ft²
|
$329,000
2 Bed
2 Bath
939 ft²
|
$309,000
-6.08%
05/26/2021
|
Robert B Ellis
| |
|
11/14/2020
|
1 Bed
|
1 Bath
|
752 ft²
|
$205,000
1 Bed
1 Bath
752 ft²
|
-
-
|
-
| |
|
07/12/2020
|
2 Bed
|
2 Bath
|
1086 ft²
|
$230,000
2 Bed
2 Bath
1086 ft²
|
-
-
|
-
| |
|
06/25/2020
|
3 Bed
|
3 Bath
|
1750 ft²
|
$325,000
3 Bed
3 Bath
1750 ft²
|
$320,000
-1.54%
07/30/2020
|
Jilenna D Parmeley
| |
|
06/24/2020
|
2 Bed
|
2 Bath
|
1086 ft²
|
$299,000
2 Bed
2 Bath
1086 ft²
|
$299,000
07/27/2020
|
Alan W Graham
| |
|
03/31/2020
|
2 Bed
|
2 Bath
|
939 ft²
|
$235,000
2 Bed
2 Bath
939 ft²
|
$230,000
-2.13%
06/08/2020
|
Heather Fox
Beachy Beach Real Estate
| |
|
03/30/2020
|
2 Bed
|
2 Bath
|
939 ft²
|
$225,000
2 Bed
2 Bath
939 ft²
|
$225,000
06/26/2020
|
Doyle B Amerson LLC
| |
|
03/17/2020
|
3 Bed
|
3 Bath
|
1512 ft²
|
$339,000
3 Bed
3 Bath
1512 ft²
|
-
-
|
-
| |
|
03/08/2020
|
1 Bed
|
1 Bath
|
752 ft²
|
$213,900
1 Bed
1 Bath
752 ft²
|
$192,000
-10.24%
06/23/2020
|
Lawrence W Hand
| |
|
03/08/2020
|
1 Bed
|
1 Bath
|
752 ft²
|
$199,900
1 Bed
1 Bath
752 ft²
|
$200,000
+0.05%
12/30/2020
|
Barbara J Stevens
| |
|
01/08/2020
|
4 Bed
|
3 Bath
|
1750 ft²
|
$339,900
4 Bed
3 Bath
1750 ft²
|
-
-
|
-
| |
|
10/14/2019
|
2 Bed
|
2 Bath
|
1086 ft²
|
$225,000
2 Bed
2 Bath
1086 ft²
|
-
-
|
-
| |
|
09/03/2019
|
2 Bed
|
2 Bath
|
1086 ft²
|
$285,000
2 Bed
2 Bath
1086 ft²
|
-
-
|
-
| |
|
05/26/2019
|
1 Bed
|
1 Bath
|
752 ft²
|
$141,500
1 Bed
1 Bath
752 ft²
|
-
-
|
-
| |
|
10/07/2018
|
2 Bed
|
2 Bath
|
1086 ft²
|
$212,900
2 Bed
2 Bath
1086 ft²
|
-
-
|
-
| |
|
08/16/2018
|
4 Bed
|
3 Bath
|
1750 ft²
|
$285,000
4 Bed
3 Bath
1750 ft²
|
$258,000
-9.47%
11/25/2020
|
Abbi Ratliff
Jim Free Realty LLC
| |
|
03/05/2018
|
3 Bed
|
3 Bath
|
1512 ft²
|
$245,000
3 Bed
3 Bath
1512 ft²
|
$232,500
-5.10%
12/07/2018
|
Bob Carlton
Land & Stand Properties
| |
|
10/31/2017
|
3 Bed
|
3 Bath
|
1512 ft²
|
$225,000
3 Bed
3 Bath
1512 ft²
|
$215,000
-4.44%
11/05/2018
|
Rita Hansen
| |
|
07/29/2017
| |
2 Bed
|
2 Bath
|
1086 ft²
|
-
2 Bed
2 Bath
1086 ft²
|
-
-
|
-
|
|
06/24/2015
|
2 Bed
|
1 Bath
|
939 ft²
|
$114,900
2 Bed
1 Bath
939 ft²
|
$115,600
+0.61%
09/24/2015
|
Scott K Ingraham
Scott Ingraham Real Estate
| |
|
11/04/2014
|
4 Bed
|
3 Bath
|
1750 ft²
|
$225,000
4 Bed
3 Bath
1750 ft²
|
$190,000
-15.56%
08/18/2015
|
Bob Carlton
Land & Stand Properties
|
Building Info
- 3 Units for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017