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Coastal Vibes Luxury Realty
8817 S Thomas Drive Unit A503, Panama City Beach, FL 32408
- $255,000
- 1
- BA
- Sold Price
- $255,000
- List Price
- $279,900
- Closing Date
- Oct 31, 2025
- MLS#
- 776776
- Status
- CLOSED
- Type
- Condo
- Subtype
- Condominium
- Bathrooms
- 1
- Neighborhood
- Beach - South of Grand Lagoon
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! Brand new water heater - August 2025. 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.
Additional Information
- Appliances
- Electric Oven, Electric Range
- Elementary School
- Breakfast Point
- High School
- Arnold
- Interior Features
- Smart Thermostat
- Middle School
- Breakfast Point
- Neighborhood
- Beach - South of Grand Lagoon
- Project Facilities
- Barbecue, Elevator, Fitness Center, Game Room, Pool, Waterfront, Community Pool, Short Term Rental Allowed
- Subdivision
- Top Of The Gulf Condo.
- Utilities
- Cable Connected
- Waterfront
- Yes
- Waterview
- Gulf
- Year Built
- 1976
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Listing courtesy of Alikhver Realty. Selling Office: Dalton Wade Inc.