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$930,000 Just Listed
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Property Description
3BR/2BA Gulf-front condo in Treasure Island, Panama City Beach. West-end corner unit with wraparound views. 1,950 SF, $930K, STR allowed. If Gulf views are a priority, this west-end corner unit at Treasure Island delivers one of the widest and most dynamic perspectives along Panama City Beach. Located in a 23-story Gulf-front building, Unit 1212 is positioned to take advantage of the natural curve of the coastline, offering extended sightlines down the beach toward Walton County and even Sandestin on clear days. This is a 3-bedroom, 2-bath condominium with approximately 1,950 square feet, built in 2005, listed at $930,000, and short-term rentals are allowed. The interior layout is designed around those views. As you enter, the unit opens into a main living, dining, and kitchen area where floor-to-ceiling windows frame the Gulf and bring in natural light throughout the day. The kitchen offers generous workspace with abundant cabinetry, a pantry, and a breakfast bar with seating. A separate dining area and breakfast nook provide flexibility for everyday use or larger gatherings, consistent with the original design intent. Tile flooring runs throughout the unit for durability and ease of maintenance, and crown molding accents the main living areas. The primary suite is positioned on the Gulf side with balcony access, a walk-in closet, and an oversized bathroom featuring double vanities and a walk-in shower. Two additional bedrooms each have their own balcony access and offer a combination of inland and water views. A dedicated laundry room includes space for full-size washer and dryer along with additional storage and the water heater. The building includes secured garage parking with multiple levels, one assigned parking space and additional parking available. Monthly HOA dues of approximately $995 cover water, sewer, internet, cable, insurance, maintenance, security, and access to amenities. Treasure Island amenities include a Gulf-front pool heated in cooler months, hot tubs, expansive sun decks, direct beach access, a fitness center, community spaces, and on-site management and rental services. The covered entrance allows for convenient loading and unloading in all weather conditions. Located on Thomas Drive on the east end of Panama City Beach, this property offers proximity to local dining, marinas, shopping, and outdoor recreation. Public beach access, boating, and nearby state park amenities contribute to the overall usability of the location for both owners and guests. COST TO OWN 2025 Electric Bill Average was $91 per month 2025 Homeowners Insurance was $762 year 2025 Property Taxes were $10,112 2026 Homeowners Association Condo Fee is $2,987.82 paid quarterly.
Full Property Details
Full Property Details for 5004 Thomas Dr #1212
General
- Price: $930,000
- Taxes: $10,533 (2025)
- Status: Active
- Type: Condo
- Source: Bay_County
- MLS ID: 786919
- Updated: 3/18/2026
- Added to Site: 5 day(s) ago
Interior
- Number of Rooms: 6
- Appliances: Electric Oven, Electric Range, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Shared Amenities: Beach Rights, Barbecue, Spa/Hot Tub
- Pool: Yes
- Pool Description: Gas Heat, In Ground, Community
- Security/Safety: Secured Garage/Parking, Security Service
Exterior
- Porch/Patio/Deck: Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Additional Parking, Community Structure
Location
- County: Bay
- Subdivision: Treasure Island Resort
- Driving Directions: From Hathaway Bridge, turn left onto Thomas Dr. Continue past the Grand Lagoon Bridge and follow the road around the curve. Treasure Island Resort will be on the Gulf side of Thomas Dr. Enter on the east side of the parking garage.
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, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Cable Connected, Electricity Available, High Speed Internet Available
Structural Information
- Architectural Style: High Rise
- Construction: Block, Concrete, Stucco
- Roof: Flat
- Elevator: Yes
- Stories/Levels: 23
- Sq. Ft. Source: Appraiser
- Year Built: 2005
- Other Struct. Feat.: Dumpster
Lot Features
- Property View: Gulf
- Lot Dimensions: 0 x 0
- Frontage: City Street
- Lot Features: Paved
- Zoning: Resid Multi-Family
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Gulf, Shoreline - Sand
- Water Front View: Gulf, Shoreline - Sand
Financial Considerations
- Tax Amount: $10,533
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: TREASURE ISLAND RESORT, A CONDO UNIT 1212 TYPE A ORB 3245 P 354 3BR/2BA . 1950 H&C
- Property ID: 31437-243-000
Listed by Counts Real Estate Group Inc
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Schools
Schools serving 5004 Thomas Dr #1212
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 #1212
Date
Details
Price
Change
Source
3/17/2026
Listed
$930,000
111.41%
MLS
5/19/2010
Sold
$439,900
—
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 #1212
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,493
-2%
$867,000
-14%
2024
$10,749
3%
$1,009,375
—
2023
$10,466
51%
$1,009,375
75%
2021
$6,946
-14%
$575,875
-25%
2022
$8,091
16%
$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 #1212
5004 Thomas Drive #1212, Panama City, FL 32408 (MLS# 786919) is a Condo property with 3 bedrooms and 2 full bathrooms. 5004 Thomas Drive #1212 is currently listed for $930,000 and was received on March 17, 2026. Want to learn more about 5004 Thomas Drive #1212? 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.

