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.
- 3
- 0
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
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
