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$899,000 Just Listed
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Property Description
Rarely available--walk straight from your condo to the pool and beach beyond with this ground-floor Gulf-front coastal retreat. Located on the highly desirable east end of Panama City Beach, this rare ground-floor, 3-bedroom, 3-bath residence at Treasure Island Resort offers direct walk-out access to the pool and Gulf--no elevators, no waiting, just effortless coastal living. Spanning nearly 2,000 sq ft, this spacious floor plan is designed for comfort and gathering, featuring a Gulf-front primary bedroom with beautiful water views and direct access to the patio. The open living and dining areas are filled with natural light and showcase the Gulf, creating a relaxed and inviting beachside retreat. Three-bedroom units are limited within the building, and ground-floor availability is exceptionally rare--making this a unique opportunity. Offered in turnkey condition, this property is well-suited for both personal use and vacation rental. Rental Potential: Highly desirable features for vacation guests include ground-floor convenience, a large 3-bedroom layout, and immediate access to the pool and beach--supporting strong occupancy and rental appeal. Prime East End Location: Within walking distance to St. Andrews State Park and just minutes to Shell Island, public boat ramps, marinas, and popular waterfront dining. Enjoy a quieter stretch of beach while remaining close to everything Panama City Beach has to offer. Key Features: Rare ground-floor Gulf-front location Direct walk-out to pool and beach--no elevators required Spacious 3-bedroom, 3-bath layout Nearly 2,000 sq ft of living space Gulf-front primary bedroom with water views and patio access Open-concept living and dining areas with abundant natural light Newly painted throughout Turnkey condition--well maintained and move-in or rental ready Strong vacation rental potential Located on the desirable east end of Panama City Beach Walking distance to St. Andrews State Park Minutes to Shell Island, boat ramps, marinas, and waterfront dining A rare combination of location, convenience, Gulf-front views, and spacious design. All information deemed reliable but not guaranteed. Buyer to verify.
Full Property Details
Full Property Details for 5004 Thomas Dr #112
General
- Price: $899,000
- Taxes: $10,699 (2025)
- Status: Active
- Type: Condo
- Source: Bay_County
- MLS ID: 786905
- Updated: 3/17/2026
- Added to Site: 5 day(s) ago
Interior
- Number of Rooms: 6
- Appliances: Washer/Dryer Stacked, Electric Range, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Stacked
Additional Information
- Shared Amenities: Other, See Remarks, Beach Rights, Gated, Gazebo, Barbecue, Picnic Area
- Pool: Yes
- Pool Description: In Ground, Community
- Security/Safety: 24 Hour Security
Exterior
- Exterior Features: Barbecue, Outdoor Shower
- Porch/Patio/Deck: Covered, Patio
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Additional Parking
Location
- County: Bay
- Subdivision: Treasure Island Resort
- Driving Directions: From Hathaway Bridge, left on Thomas Drive, complex is on the left just pas the big curve.
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available, High Speed Internet Available
Structural Information
- Architectural Style: High Rise
- Elevator: Yes
- Sq. Ft. Source: Appraiser
- Year Built: 2005
- Other Struct. Feat.: Dumpster
Lot Features
- Property View: Gulf
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Gulf
- Water Front View: Gulf
Financial Considerations
- Tax Amount: $10,699
- Tax Year: 2025
Disclosures and Reports
- Legal Description: TREASURE ISLAND RESORT, A CONDO UNIT 112 TYPE A ORB 2633 P 1849 3BR/2BA ORB 4382 P 222 1950 H&C
- Property ID: 31437-111-000
Listed by Keller Williams Realty Emerald
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Schools
Schools serving 5004 Thomas Dr #112
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Patronis Elementary School 7400 Patronis Dr, Panama City Beach, FL 32408 | K-5 | 2.2 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 7.6 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 5.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5004 Thomas Dr #112
Date
Details
Price
Change
Source
3/17/2026
Listed
$899,000
38.31%
MLS
3/26/2021
Sold
$650,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5004 Thomas Dr #112
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,659
-10%
$867,000
-14%
2024
$11,860
3%
$1,009,375
—
2023
$11,481
65%
$1,009,375
75%
2021
$6,946
-22%
$575,875
-25%
2022
$8,888
28%
$765,000
41%
2021
$6,946
10%
$544,000
7%
2019
$6,323
6%
$510,000
7%
2018
$5,993
-2%
$475,575
-1%
2017
$6,092
1%
$480,250
3%
2016
$6,014
-2%
$465,375
2%
2015
$6,113
9%
$457,632
10%
2014
$5,585
25%
$416,029
10%
2013
$4,457
—
$378,208
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5004 Thomas Dr #112
5004 Thomas Drive #112, Panama City, FL 32408 (MLS# 786905) is a Condo property with 3 bedrooms and 2 full bathrooms. 5004 Thomas Drive #112 is currently listed for $899,000 and was received on March 17, 2026. Want to learn more about 5004 Thomas Drive #112? Do you have questions about finding other Condo real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

