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5004 Thomas Drive , #112

Panama City, FL 32408
  • $899,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 786905
UPDATED: 14 min ago
$899,000
  • 3
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,950
    SQFT
  • $461
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2005
County:
Bay

School Information

Elementary School:
Middle School:
High School:

Description

HOA's are going DOWN on this rarely available--walk straight from your condo to the pool and beach beyond with this ground-floor Gulf-front coastal retreat. Located on the highly desirable east end of Panama City Beach, this rare ground-floor, 3-bedroom, 3-bath residence at Treasure Island Resort offers direct walk-out access to the pool and Gulf--no elevators, no waiting, just effortless coastal living. Spanning nearly 2,000 sq ft, this spacious floor plan is designed for comfort and gathering, featuring a Gulf-front primary bedroom with beautiful water views and direct access to the patio. The open living and dining areas are filled with natural light and showcase the Gulf, creating a relaxed and inviting beachside retreat. Three-bedroom units are limited within the building, and ground-floor availability is exceptionally rare--making this a unique opportunity. Offered in turnkey condition, this property is well-suited for both personal use and vacation rental. Rental Potential: Highly desirable features for vacation guests include ground-floor convenience, a large 3-bedroom layout, and immediate access to the pool and beach--supporting strong occupancy and rental appeal. Prime East End Location: Within walking distance to St. Andrews State Park and just minutes to Shell Island, public boat ramps, marinas, and popular waterfront dining. Enjoy a quieter stretch of beach while remaining close to everything Panama City Beach has to offer. Key Features: Rare ground-floor Gulf-front location Direct walk-out to pool and beach--no elevators required Spacious 3-bedroom, 3-bath layout Nearly 2,000 sq ft of living space Gulf-front primary bedroom with water views and patio access Open-concept living and dining areas with abundant natural light Newly painted throughout Turnkey condition--well maintained and move-in or rental ready Strong vacation rental potential Located on the desirable east end of Panama City Beach Walking distance to St. Andrews State Park Minutes to Shell Island, boat ramps, marinas, and waterfront dining A rare combination of location, convenience, Gulf-front views, and spacious design. All information deemed reliable but not guaranteed. Buyer to verify.

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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: 2026-04-19T07:04:22.027.
www.wavesandwoodsfl.com/homes/174169408
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5004 Thomas Drive , #112 Panama City, FL 32408

  • Price: $899,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 14 min ago
  • MLS #: 786905
3
Beds
2
Baths
0
½ Baths
N/A
Acres
1,950
SQFT
$461
$/SQFT
2005
Built
Neighborhood:
Treasure Island Resort
County:
Bay
Area:
Bay County-Beach
Elementary School:
Patronis
Middle School:
Surfside
High School:
Arnold
Property Description
HOA's are going DOWN on this rarely available--walk straight from your condo to the pool and beach beyond with this ground-floor Gulf-front coastal retreat. Located on the highly desirable east end of Panama City Beach, this rare ground-floor, 3-bedroom, 3-bath residence at Treasure Island Resort offers direct walk-out access to the pool and Gulf--no elevators, no waiting, just effortless coastal living. Spanning nearly 2,000 sq ft, this spacious floor plan is designed for comfort and gathering, featuring a Gulf-front primary bedroom with beautiful water views and direct access to the patio. The open living and dining areas are filled with natural light and showcase the Gulf, creating a relaxed and inviting beachside retreat. Three-bedroom units are limited within the building, and ground-floor availability is exceptionally rare--making this a unique opportunity. Offered in turnkey condition, this property is well-suited for both personal use and vacation rental. Rental Potential: Highly desirable features for vacation guests include ground-floor convenience, a large 3-bedroom layout, and immediate access to the pool and beach--supporting strong occupancy and rental appeal. Prime East End Location: Within walking distance to St. Andrews State Park and just minutes to Shell Island, public boat ramps, marinas, and popular waterfront dining. Enjoy a quieter stretch of beach while remaining close to everything Panama City Beach has to offer. Key Features: Rare ground-floor Gulf-front location Direct walk-out to pool and beach--no elevators required Spacious 3-bedroom, 3-bath layout Nearly 2,000 sq ft of living space Gulf-front primary bedroom with water views and patio access Open-concept living and dining areas with abundant natural light Newly painted throughout Turnkey condition--well maintained and move-in or rental ready Strong vacation rental potential Located on the desirable east end of Panama City Beach Walking distance to St. Andrews State Park Minutes to Shell Island, boat ramps, marinas, and waterfront dining A rare combination of location, convenience, Gulf-front views, and spacious design. All information deemed reliable but not guaranteed. Buyer to verify.
Exterior Features

Architectural Style High Rise Attached Garage YN No Exterior Features Barbecue Outdoor Shower Garage YN Yes Patio And Porch Features Covered Patio Pool Features In Ground Community View Gulf View YN Yes

Interior Features

Appliances Washer / Dryer Stacked Electric Range Electric Water Heater Building Features Dumpster Cooling Central Air Ceiling Fan(s) Cooling YN Yes Heating Central Heating YN Yes Laundry Features Stacked Parking Features Additional Parking Rooms Living Room (First Level) Dining Room (First Level) Kitchen (First Level) Bedroom (First Level) Bedroom (First Level) Primary Bedroom (First Level) Units Furnished All Units

Property Features

Association Amenities Other See Remarks Beach Rights Gated Gazebo Barbecue Picnic Area Association YN Yes Community Features Beach Elevator Park Pool Waterfront Barbecue Community Pool Short Term Rental Allowed Listing Service Full Service Lot Size Dimensions 0 New Construction YN No Occupant Type Tenant Property Sub Type Condominium Property Sub Type Additional Condominium Security Features 24 Hour Security Sewer Public Sewer Tax Annual Amount 10699 Tax Year 2025 Utilities Electricity Available High Speed Internet Available Waterfront Features Gulf Waterfront YN Yes

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of Keller Williams Realty Emerald: 850-654-2900. 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: 2026-04-19T07:04:22.027.
 
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