Description
LOWEST PRICED 3 Bed / 3 Bath condo on the ENTIRE BEACH!!! You heard that right, on the ENTIRE BEACH! And this one... it generates a significant return on investment each year based on actual rentals - NOT projections! It's time for a little needed honesty... The condo market has really slowed down a TON these past several months. Inventory is higher than it has been in several years, and to be perfectly transparent, most condos on the beach LOOSE MONEY every month! It is becoming harder and harder to find a condo that is truly a solid investment, and finding one that generates a positive return on investment can seem like finding a needle in a haystack.Have you tried finding a Gulf View condo that generates a 10%+ Return on Investment (ROI) in today's market? If you did, was it based on ACTUAL rentals and NOT overinflated projections?
Although finding such an opportunity might not seem possible with 7%+ interest rates, this incredible rental machine does EXACTLY that, and has the history to prove it! And did I mention... it is amongst the lowest quarterly HOA dues of ALL available comps?!?
Experienced investors are trained to "love" the number and simply "like" the property, but why not have both? With actual rentals of nearly $80k in 2022, and with over $50k in bookings just halfway through 2023, the numbers clearly speak to this incredible opportunity.
What makes this perfectly situated End Unit so unique amongst all the other condos in PCB is that not only does it boast incredible ACTUAL rentals, but it is also truly "one of a kind" inside and out. The moment you walk inside, you find yourself amazed by the attention to detail, the high-end updates, and the incredible abundance of space.
With brand new tile flooring downstairs ($8k), a beautifully updated and fully stocked kitchen with new cabinetry/counter tops/stainless appliances, beautiful coastal style LVP flooring upstairs, 3 large private bedrooms and bathrooms (featuring tile showers), and some of the best views in all of PCB, it's easy to see why this condo absolutely crushes it with rentals!
Location, location, location... Another key requirement for generating strong rentals is location, and this is perhaps where this condo outshines ALL other competition. Park directly at your door and never touch the car again!
For the kiddos, there are go cart tracks, video arcades, mini golf courses, thrill rides, ice cream shops, souvenir shops, and the list goes on!
For the adults, there are numerous bars/restaurants right outside your door - including the Famous Ms. Newby's! No need to drive after those adult beverages, your condo is perfectly located just a few seconds away!!!
Although the legendary action of Thomas Dr is right outside your front door, if it's peace and quiet you seek, you will lose yourself in the serenity of the lush and peaceful oasis just out back. Both balconies overlook a pristine koi/turtle pond and one of the most unique greenspaces in all of PCB.
You will not find another property in town that is directly on the beach - yet also offers such an incredible courtyard with a pool, tennis/pickleball courts, shuffleboard, a grilling area, a community clubhouse, a private gated beach access, and over 375 feet of incredible beach access!
Sugar Beach is one of the only pet friendly Gulf front rental destinations in the entire area. Years of market data shows that pet friendly options bring a higher nightly rate, have a better vacancy rate, and are more likely to attract "snowbirds" during the off season, so when it comes to rentals, you find yourself with a true competitive advantage.
In addition to being pet friendly, Sugar Beach is a private/family friendly gated community with no elevators. The list of Gulf Front complexes where you can park directly at your door are few and far between, but Sugar Beach offers exactly that!
One look at the numbers, one look at the condo, and one look at the location - and you will become a firm believer. This condo genuinely has it all and will turn an incredible profit - while creating unforgettable lifetime memories for years to come.
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