Panama City Beach, FL 32408,5004 Thomas DR #2304
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Panama City Beach, FL 32408,5004 Thomas DR #2304
Panama City Beach, FL 32408,5004 Thomas DR #2304
Panama City Beach, FL 32408,5004 Thomas DR #2304
Panama City Beach, FL 32408,5004 Thomas DR #2304
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5004 Thomas DR #2304 Panama City Beach, FL 32408

2 Beds

2 Baths

1,370 SqFt


Open House

Sat Dec 06, 10:00am - 1:00pm

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,370 sqft

Price per Sqft $448

Subdivision Treasure Island Resort

MLS Listing ID 782127

Style High Rise

Bedrooms 2

Full Baths 2

HOA Y/N Yes

Year Built 2005

Annual Tax Amount $6,363

Tax Year 2024

Property Sub-Type Condominium

Property Description

***OPEN HOUSE! Sat, Dec 6, 10am-1pm*** Penthouse Perfection at Treasure Island in East PCB! In a market where condo financials are often the biggest question mark, Treasure Island offers a rare level of confidence. This complex stands out with fully-funded reserves, passed inspections, and a track record of ZERO special assessments in at least the five years of the seller's ownership. The association is actually considering an HOA dues DECREASE as a result of the fantastic management and recent insurance reduction. Additionally, new high-speed elevator installation is underway and the cost is already fully covered by the current budget. This isn't just a condo; it is an investment that makes as much sense on a spreadsheet as it does in your heart :)

As you enter, you'll encounter a fully revitalized interior that is ready for immediate enjoyment. The unit shines with fresh paint and brand-new coastal furnishings that perfectly capture the relaxed beach atmosphere. You will appreciate the durability and cleanliness of having tile flooring throughout (no carpet!). It has been a pet-friendly unit but it's so clean you wouldn't even know it. The bathrooms have been updated with stylish new vanities and even have special pull knobs to accent the beachy vibe. There are built-in bunks behind the dining area that have cute porthole decor and give the unit more sleeping space in addition to the two spacious bedrooms. The kitchen features a new white refrigerator and built-in microwave. Plus there's a new washer/dryer and HVAC system for year-round comfort and peace of mind.

The current owners have been incredibly happy with the complex, praising the onsite rental management and the proactive Board of Directors for making ownership easy and profitable. It is a proven performer, grossing $45k in rental income in 2025. It has potential to be even stronger, but the owners have wanted to enjoy the unit themselves as well. And who could blame them with a unit like this!

The complex is pet-friendly for owners and also allows renters to bring one dog under 30lbs, a rare feature that significantly boosts rental demand. Complete with an assigned covered parking spot and located next to Schooners Restaurant on one side and St. Andrews State Park on the other, this is the total package. Whether you are looking for a primary residence, vacation getaway, or a high-performing investment, this penthouse is ready for you. Schedule your showing today - a video tour is also available

Location

State FL

County Bay

Community Barbecue, Beach, Clubhouse, Elevator, Fitness Center, Pool, Waterfront, Short Term Rental Allowed

Area 03 - Bay County - Beach

Interior

Heating Central

Cooling Central Air, Ceiling Fan(s)

Fireplace No

Appliance Electric Oven, Electric Water Heater

Exterior

Parking Features Additional Parking

Garage Spaces 1.0

Garage Description 1.0

Pool In Ground, Community

Community Features Barbecue, Beach, Clubhouse, Elevator, Fitness Center, Pool, Waterfront, Short Term Rental Allowed

Utilities Available Cable Connected, High Speed Internet Available

Amenities Available Beach Rights, Barbecue

Waterfront Description Shoreline - Sand

View Y/N Yes

Water Access Desc Shoreline - Sand

View Gulf

Porch Balcony

Building

Lot Description Paved

Story 23

Sewer Public Sewer

Architectural Style High Rise

New Construction No

Stories 23

Schools

Elementary Schools Patronis

Middle Schools Surfside

High Schools Arnold

Others

Tax ID 31437-355-000

Security Features Security Service

Special Listing Condition Listed As-Is


Listed by Coldwell Banker Realty
Debbie Kirkland

Debbie Kirkland

Broker | License ID: BK3052075

+1(850) 212-0440

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5004 Thomas DR #2304