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5004 Thomas Drive , #2304

Panama City Beach, FL 32408
  • $575,000
  • STATUS: Closed
  • ON SITE: 258 Days
  • MLS #: 782127
Sold - 03/30/2026
$575,000
SOLD - 03/30/2026
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,370
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2005
County:
Bay

School Information

Elementary School:
Middle School:
High School:

Description

Penthouse Perfection at Treasure Island in East Panama City Beach. Some condos feel like rentals; this one feels like a reward. From the moment you enter, you can tell this penthouse has been updated, maintained, and made ready for immediate enjoyment. Fresh paint, brand-new coastal furnishings, and tile flooring throughout create that clean, breezy, ''yes, this is why I bought at the beach'' feeling. Even better... It's pet-friendly but is still so pristine you'd never guess. The details are where this unit really shines. Updated bathrooms with stylish new vanities and playful coastal accents. Built-in bunks tucked behind the dining area (complete with charming porthole touches) that add extra sleeping space without sacrificing flow. A bright kitchen featuring a new white refrigerator and built-in microwave. Plus -- and this is big -- a new washer/dryer and HVAC system already in place. Now let's talk about the part buyers quietly stress over... the HOA. Treasure Island delivers rare peace of mind with fully funded reserves, passed inspections, and a history of zero special assessments during the seller's ownership. In fact, dues were recently reduced thanks to strong management and insurance improvements. New high-speed elevators are already underway and already fully covered within the existing budget. Ownership here has been both easy and profitable. The unit generated approximately $45,000 in rental income in 2025, with room to grow. The complex is exceptionally rental-friendly, including a highly desirable feature: renters may bring one dog under 30 lbs. And the location? Hard to beat. Positioned between the iconic Schooners Restaurant and St. Andrews State Park, you're surrounded by the best of East PCB -- dining, recreation, and that slightly quieter, more relaxed stretch of beach. Assigned covered parking included. Strong financials. Turn-key condition. Proven income. Whether you're searching for a getaway, an investment, or your own slice of penthouse beach life... this one checks boxes fast. Schedule your showing today. A video tour is also available.

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© 2026 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Waves and Woods Realty. Data last updated: 2026-08-12T16:04:05.34.
www.wavesandwoodsfl.com/homes/170927485
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5004 Thomas Drive , #2304 Panama City Beach, FL 32408

  • Price: $599,900
  • Status: Closed
  • On Site: 258 Days
  • Updated: 53 min ago
  • MLS #: 782127
2
Beds
2
Baths
0
½ Baths
N/A
Acres
1,370
SQFT
$0
$/SQFT
2005
Built
Neighborhood:
Treasure Island Resort
County:
Bay
Area:
Bay County-Beach
Elementary School:
Patronis
Middle School:
Surfside
High School:
Arnold
Property Description
Penthouse Perfection at Treasure Island in East Panama City Beach. Some condos feel like rentals; this one feels like a reward. From the moment you enter, you can tell this penthouse has been updated, maintained, and made ready for immediate enjoyment. Fresh paint, brand-new coastal furnishings, and tile flooring throughout create that clean, breezy, ''yes, this is why I bought at the beach'' feeling. Even better... It's pet-friendly but is still so pristine you'd never guess. The details are where this unit really shines. Updated bathrooms with stylish new vanities and playful coastal accents. Built-in bunks tucked behind the dining area (complete with charming porthole touches) that add extra sleeping space without sacrificing flow. A bright kitchen featuring a new white refrigerator and built-in microwave. Plus -- and this is big -- a new washer/dryer and HVAC system already in place. Now let's talk about the part buyers quietly stress over... the HOA. Treasure Island delivers rare peace of mind with fully funded reserves, passed inspections, and a history of zero special assessments during the seller's ownership. In fact, dues were recently reduced thanks to strong management and insurance improvements. New high-speed elevators are already underway and already fully covered within the existing budget. Ownership here has been both easy and profitable. The unit generated approximately $45,000 in rental income in 2025, with room to grow. The complex is exceptionally rental-friendly, including a highly desirable feature: renters may bring one dog under 30 lbs. And the location? Hard to beat. Positioned between the iconic Schooners Restaurant and St. Andrews State Park, you're surrounded by the best of East PCB -- dining, recreation, and that slightly quieter, more relaxed stretch of beach. Assigned covered parking included. Strong financials. Turn-key condition. Proven income. Whether you're searching for a getaway, an investment, or your own slice of penthouse beach life... this one checks boxes fast. Schedule your showing today. A video tour is also available.
Exterior Features

Architectural Style High Rise Attached Garage YN No Garage YN Yes Lot Features Paved Patio And Porch Features Balcony Pool Features In Ground Community View Gulf View YN Yes

Interior Features

Appliances Electric Oven Electric Water Heater Cooling Central Air Ceiling Fan(s) Cooling YN Yes Entry Level 23 Heating Central Heating YN Yes Parking Features Additional Parking Rooms Bedroom (First Level) Primary Bedroom (First Level) Kitchen (First Level) Living Room (First Level) Units Furnished All Units

Property Features

Association Amenities Beach Rights Barbecue Association YN Yes Community Features Barbecue Beach Clubhouse Elevator Fitness Center Pool Waterfront Community Pool Short Term Rental Allowed Listing Service Full Service Lot Size Dimensions 0x0 New Construction YN No Occupant Type Tenant Property Sub Type Condominium Property Sub Type Additional Condominium Security Features Security Service Sewer Public Sewer Special Listing Conditions Listed As- Is Tax Annual Amount 6363 Tax Year 2024 Utilities Cable Connected High Speed Internet Available Waterfront Features Gulf Shoreline - Sand Waterfront YN Yes

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of Coldwell Banker Realty: 850-650-4563. Listing information © 2026 Central Panhandle Association of Realtors MLS.


© 2026 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Waves and Woods Realty. Data last updated: 2026-08-12T16:04:05.34.
 
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