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5004 Thomas Drive Unit 2304, Panama City Beach, FL 32408

Beds
2
Baths
2
Sqft
1,370
Garage
Yes
Pool
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byColdwell Banker Realty
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Overview

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.

Location

Full feature list

Basic info

Property type
Condo/Co-op
Number of stories
23
Number of bedrooms
2
Number of bathrooms
2
Square feet
1,370
Year built
2005

Exterior features

Pool
Yes
Water view
Yes

Garage and parking

Garage parking spaces
1

Utilities

Heating
Central
Cooling
Central air, Ceiling fan(s)
Sewer
Public sewer

Taxes

Tax Annual Amount (2024)
$6,363

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Central Panhandle Association of REALTORS MLS®#: 782127

The data relating to real estate for sale on this website comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. 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 deemed reliable but not guaranteed. Copyright © 2024 Central Panhandle Association of REALTORS®. All Rights Reserved.