8730 Thomas Drive UNIT 409
Panama City Beach, FL 32408
$425,000
Active
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
Listing details MLS# 1000290
Location, Tax and Legal
- Area
- 27 - Bay County
- Sub area
- 2723 - Beach - South of Grand Lagoon
- Subdivision
- VILLAS OF ST THOMAS IV
- County
- Bay
- Parcel ID
- 30473-057-000
- Tax year
- 2025
- Annual tax
- 3982.2
- Legal description
- Villas Of St Thomas Iv Unit 409 Type E Orb 972 P 1550 3Br 3B 1322 H&C Orb 4687 P 1947
General Property Info
- Property type
- Residential
- Year built
- 1984
- New construction
- No
- Condition
- Construction Complete
Interior
- Bedrooms
- 3
- Bathrooms
- 3
- Full baths
- 3
- Half baths
- 0
- Building area
- 1322
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Floor Vinyl
- Interior features
- Breakfast Bar, Ceiling Cathedral, Lighting Recessed, Owner's Closet, Pantry, Washer/Dryer Hookup
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
- Total rooms
- 6
Exterior and Site
- Roof
- Roof Tile/Slate
- Exterior features
- Balcony, Dock, Tennis Court
- Pool features
- Pool - In-Ground, Pool Type
- View
- Lagoon, Gulf
Utilities
- Utilities
- Electric, Public Water, TV Cable
- Sewer
- Public Sewer
Schools
- Elementary
- Breakfast Point
- Middle school
- Breakfast Point
- High school
- Arnold
Association and Fees
- Association
- Yes
- Fee includes
- Ground Keeping, Insurance, Land Recreation, Management, Repairs/Maintenance, Sewer, Water, Trash
Remarks and Misc
- Special conditions
- Accept Backup Offers
- Directions
- From Front Beach Road, head east on Thomas Drive. Turn left onto Joan Avenue, then take an immediate right into the gated entrance of St. Thomas Square. Proceed through the gate--Building 400 will be ahead. Unit 409 is located on the second floor, accessible via the left-side stairwell.
