8817 S Thomas DR #A503 new Save Request In-Person Tour Request Virtual Tour
Panama City Beach,FL 32408
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 489 sqft
Price per Sqft $551
Subdivision Top Of The Gulf Condo.
MLS Listing ID 776776
Style High Rise
Full Baths 1
HOA Fees $482/mo
Year Built 1976
Annual Tax Amount $2,860
Tax Year 2024
Property Sub-Type Condominium
Property Description
$54,400 in revenue June '24 - July '25: 20.16% ROI on the asking price! One of the best studio earners on the market: a money-making machine with minimal maintenance! Priced to sell! A standout investment opportunity at Top of the Gulf, this fully renovated Direct Beachfront Studio has rented incredibly well, all while requiring virtually no ongoing maintenance. Upgraded recently with new flooring, full-sized kitchen appliances in a fully-equipped kitchenette, two queen-sized memory-foam beds, a gorgeous custom-made shiplap wall plank backdrop, and a designer electric fireplace, this turnkey unit comfortably accommodates 4 guests in one of Panama City Beach's most desirable beachfront addresses. With minimal HOA fees, professional management in place, prepaid beach chairs, and long-term demand proven by consistent five-star ratings on Airbnb and VRBO, this property offers an exceptional blend of hassle-free ownership and premium rental returns. The resort features an exclusive and private beach entrance, a phenomenal pool, a game room, a gym, a gazebo, sunset decks, and much more - all while being situated in one of the most desirable locations in town. The resort is just a few steps away from the new location of the famous Tootsie's bar, which is taking over the formerly internationally renowned Spinnaker club. Moreover, St. Andrews State Park and Shell Island are just 4 miles away from the resort.
Location
State FL
County Bay
Community Barbecue,Elevator,Fitness Center,Game Room,Short Term Rental Allowed,Waterfront,Pool
Area 03 - Bay County - Beach
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Parking Lot
Pool Fenced,In Ground,Pool,Community
Community Features Barbecue,Elevator,Fitness Center,Game Room,Short Term Rental Allowed,Waterfront,Pool
Utilities Available Cable Connected,High Speed Internet Available
Amenities Available Beach Rights,Game Room
Waterfront Description Gulf,Shoreline - Sand,Waterfront
View Y/N Yes
View Gulf
Roof Type Flat
Building
Lot Description Waterfront
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
Special Listing Condition Listed As-Is