8730 Thomas Drive Unit 409, Panama City, FL 32408
- $425,000
- 3
- BD
- 3
- BA
- List Price
- $425,000
- MLS#
- 788796
- Status
- ACTIVE
- Type
- Condo
- Subtype
- Condominium
- Bedrooms
- 3
- Bathrooms
- 3
- Neighborhood
- Beach - South of Grand Lagoon
Property Description
Investor Alert - Turnkey Airbnb with Immediate Cash Flow Exceptional opportunity in Panama City Beach--legal short-term rental with a 6.4% cap rate and projected income of $51,768. Sold fully furnished with future bookings in place. This 2-story condo in the gated Villas of St. Thomas Square offers a boat dock, a 2 block walk to the beach and water views overlooking St. Andrews Bay. Features include private balcony, modern kitchen with washer/dryer, smart thermostat, smart TVs, fresh paint, and updated fixtures. Community amenities: pool, tennis, clubhouse, sauna, BBQ. Low HOA + unincorporated Bay County = favorable STR taxes. Seller offering 3 months of complimentary management. Largest + best decor + best situated unit in complex! Walkable to beaches, dining, and entertainment
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Additional Information
- Elementary School
- Breakfast Point
- High School
- Arnold
- Interior Features
- Upper Level Primary
- Lot Dimensions
- IRR
- Middle School
- Breakfast Point
- Neighborhood
- Beach - South of Grand Lagoon
- Project Facilities
- Clubhouse, Dock, Pool, Waterfront, Community Pool, Short Term Rental Allowed
- Subdivision
- Villas Of St. Thomas 4
- Waterfront
- Yes
- Year Built
- 1984
Mortgage Calculator
Listing courtesy of Engel & Voelkers 30A Beaches.