8817 S Thomas Drive #A503
Panama City Beach, FL 32408
489 sqft | 1 bath | #776776
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.
Property Details
- Utility FeaturesCable Connected, High Speed Internet Available
- Pool FeaturesFenced, In Ground, Pool, Community
- InteriorFireplace, Smart Thermostat
- SubdivisionTop Of The Gulf Condo.
- Elementary SchoolBreakfast Point
- Middle SchoolBreakfast Point
- Short SaleListed As Is
- Property SubtypeCondominium
- Lot DescriptionWaterfront
- StyleHigh Rise
- Property TypePurchase
- Original List Price$269,900
- High SchoolArnold
- Taxes Annual$2,860
- MLS #776776
- Cost269900
- MLS #776776
- ViewGulf
- Year Built1976
- Square Feet489
- CountyBay
- Hoa Fees482
- Bathrooms1
- Full Baths1
- Pool1
- Days on Market (Cumulative)1
Location
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Last Updated:Â . Source: CPAR
Listing Courtesy
Listing Agent: Gleb Alikhver (#B11849)
Listing Office: Alikhver Realty (#ALRE)
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