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5004 S Thomas Drive , #2304

Panama City Beach, FL 32408
  • $599,900
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 994868
Open House
UPDATED: 79 min ago
$599,900
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,370
    SQFT
  • $438
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2005
County:
Bay
Area:

School Information

Elementary School:
Middle School:
High School:

Description

***OPEN HOUSE! Saturday, Mar 14, from 10am-Noon*** 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 Emerald Coast 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 The Beasley Group | Compass. Vendor Member number: 28178. Data last updated: 2026-03-12T17:00:44.473.
Vendor Member #28178.
www.lp30a.com/homes/172903292
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5004 S Thomas Drive , #2304 Panama City Beach, FL 32408

  • Price: $599,900
  • Status: Active
  • On Site: 30 Days
  • Updated: 79 min ago
  • MLS #: 994868
2
Beds
2
Baths
0
½ Baths
N/A
Acres
1,370
SQFT
$438
$/SQFT
2005
Built
Neighborhood:
Treasure Island
County:
Bay
Area:
Bay County
Elementary School:
Patronis
Middle School:
Surfside
High School:
Arnold
Property Description
***OPEN HOUSE! Saturday, Mar 14, from 10am-Noon*** 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 N/A Attached Garage YN No Carport YN No Construction Materials [] Exterior Features [] Lot Features [] Parking Features Garage Pool YN Yes Road Frontage Type [] Road Surface Type [] View Gulf Waterfront Features Gulf

Interior Features

Appliances [] Cooling Central Air Cooling YN Yes First Floor Bedroom Yes Heating [] Interior Features [] Primary Bedroom First Floor Yes Rooms Total 4

Property Features

Association Fee Frequency Quarterly Association Fee Includes [] Association Fee2 2099.05 Association YN Yes Buyer Financing [] Community Features Short Term Rental - AllowedBeachCommunity RoomDumpsterElevatorsExercise RoomPoolWaterfront Green Energy Efficient [] New Construction YN No Pool Type Community Property Condition Construction Complete Property Sub Type Condominium Short Term Rental Allowed Yes Special Listing Conditions [] Tax Amount 6522.7 Tax Year 2025 Utilities ElectricPublic WaterTV Cable

Listing courtesy of Coldwell Banker Realty: 850-650-4563.


© 2026 Emerald Coast 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 The Beasley Group | Compass. Vendor Member number: 28178. Data last updated: 2026-03-12T17:00:44.473.
Vendor Member #28178.
 
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