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5004 Thomas Drive 2304
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PRICED AT ONLY: $615,000

Address: 5004 Thomas Drive 2304, Panama City Beach, FL 32408

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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More Like This
  • MLS#: 782127 ( Residential )
  • Street Address: 5004 Thomas Drive 2304
  • Viewed: 41
  • Price: $615,000
  • Price sqft: $449
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Gulf,ShorelineSand
  • Year Built: 2005
  • Bldg sqft: 1370
  • Bedrooms: 2
  • Total Baths: 2
  • Full Baths: 2
  • Garage / Parking Spaces: 1
  • Days On Market: 96

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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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
Land Information
  • Lot Features: Paved
School Information
  • High School: Arnold
  • Middle School: Surfside
  • School Elementary: Patronis
Garage and Parking
  • Garage Spaces: 1.00
  • Open Parking Spaces: 0.00
  • Parking Features: AdditionalParking
Eco-Communities
  • Pool Features: InGround, Community
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, CeilingFans
  • Heating: Central
  • Sewer: PublicSewer
  • Utilities: CableConnected, HighSpeedInternetAvailable
Amenities
  • Association Amenities: BeachRights, Barbecue
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2024
  • Trash Expense: 0.00
Other Features
  • Appliances: ElectricOven, ElectricWaterHeater
  • Legal Description: TREASURE ISLAND RESORT, A CONDO UNIT 2304 TYPE B ORB 2633 P 1849 2BR/2BA ORB 4646 P 2229 1370 H&C
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Tenant
  • Parcel Number: 31437-355-000
  • Style: HighRise
  • The Range: 0.00
  • Unit Number: 2304
  • View: Gulf
  • Views: 41
Nearby Subdivisions
[no Recorded Subdiv]   Bay Point Golf Villas I   Bay Point Golf Villas Iii   Bay Point Harbour Villas   Bay Point Studio Villas Unit 2   Boardwalk Central   Dockside North   Dunes Of Panama Phase Iii   Dunes Of Panama Phase V   Emerald Park Condominium   Grand Lagoon Cove Condominium   Grande Surf Club Condo   Greenwood Estates 5   Gulf Crest Condo   Gulfside Condo.   Holiday Point   Laketown Wharf   Laketown Wharf Phase Ii   Magnolia Bay Club   Marina Club Village   Mariner West Condo   Merrimac Resort Condo Ph 1   Moondrifter   Nautical Watch Ii   Palisades Condo Ph 1   Plazas Of St.thomas I   Princess Condo   Reflections   Regency Towers   Seychelles Resort Condominium   Shade Tree Condo Ph Ii   Shores Of Panama   Shores Of Panama Phase I   Shores Of Panama Phase Ii   Sterling Beach Condo   Stingray Condo.   Sugar Beach Condo   Summerhouse Condo.   Summerhouse Of P.c. 1   Summit   Sunbird Condo   The Commodore   The Summit   Top Of The Gulf Condo.   Treasure Cove Condo.   Treasure Island Resort   Venture Out Travel Trail   Villas Of St. Thomas 1   Villas Of St. Thomas 3   Watercrest Condo   Waterhaven  
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