5004 Thomas Drive 112, Panama City, FL 32408 (MLS# 786905)

5004 Thomas Drive 112, Panama City, FL 32408

$899,000

Oversized ground floor balcony with gulf and pool side convenience.

Oversized ground floor balcony with gulf and pool side convience.

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,950 Status: Pending

Current Price: $899,000 List Date: 3/17/2026 Last Modified: 4/30/2026

Overview

Description

HOA's are going DOWN on this 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 Pot … (Read more) HOA’s are going DOWN on this 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.

Listing Details MLS# 786905

Contract Info

List Price/SqFt: 461.03

Location

Area: 03 – Bay County – Beach
Street #: 5004
Street Name: Thomas
Street Suffix: Drive
Unit #: 112
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Treasure Island Resort
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Parcel ID: 31437-111-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: From Hathaway Bridge, left on Thomas Drive, complex is on the left just pas the big curve.
Legal Description: TREASURE ISLAND RESORT,A CONDO UNIT 112 TYPE A ORB 2633 P 1849 3BR/2BA ORB 4382 P 222 1950 H&C

General Property Info

Sub-Type: Condominium
Floor Number: 18
Design: High-Rise (8+ floors)
Apx SqFt(Htd/Cooled): 1950
SqFt Source: An Appraiser
Full Baths: 2
Total Baths: 2
Year Built: 2005
Construction Status: Construction Complete
New Construction: No
Garage Y/N: Yes
Garage Spaces: Yes
Pool: Yes
Pool Type: Community
Lot Dimensions: No

Status Change Info

Under Contract Date: 2026-04-27

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 2987.82
HOA Frequency: Quarterly
HOA Annual Amount: 11951.28
New Buyer Fee: Yes
Last Taxes: 10699
Last Tax Year: 2025
Brokerage Interest: No Interest
Condo Doc: Yes

Remarks & Misc

Remarks: HOA's are going DOWN on this 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.

More Information

Dining Room

First: Yes

Pool Features

Inground: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Range – Electric: Yes
Refrigerator: Yes
Washer/Dryer Stacked: Yes
Water Heater – Electric: Yes

Exterior

Built-in Barbecue/Grill: Yes
Shower: Yes
Patio Covered: Yes

Association Fees Include

Accounting: Yes
BBQ Pit/Grill: Yes
Beach: Yes
Dumpster: Yes
Exercise Room: Yes
Gated Community: Yes
Ground Keeping: Yes
Insurance: Yes
Internet-WiFi: Yes
Pest Control: Yes
Picnic Area: Yes
Pool: Yes
Sewer: Yes
Water: Yes

Furnished

Furnished: Yes

Kitchen

First: Yes

Living Room

First: Yes

Parking Features

Additional Parking: Yes

Association Amenities

BBQ Pit/Grill: Yes
Beach: Yes
Boardwalk: Yes
Dumpster: Yes
Elevators: Yes
Pavilion/Gazebo: Yes
Picnic Area: Yes
Pool: Yes
Waterfront: Yes
Other – See Remarks: Yes

Rooms

Bedroom: Yes
Dining Room: Yes
Kitchen: Yes
Living Room: Yes
Master Bedroom: Yes

Utilities

Electricity – Connected: Yes
Internet – Broadband Available: Yes
Public Sewer – Connected: Yes

Waterview

Gulf: Yes

Waterfront Type

Gulf: Yes

Master Bedroom

First: Yes

Bedroom

First: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Heating

Central: Yes

Security Features

24 Hour Security: Yes

Property Features

Appliances: Dishwasher; Disposal; Range – Electric; Refrigerator; Washer/Dryer Stacked; Water Heater – Electric Master Bedroom: First Bedroom: First Cooling: Ceiling Fan(s); Central Air; Electric Heating: Central Exterior: Built-in Barbecue/Grill; Shower; Patio Covered Association Fees Include: Accounting; BBQ Pit/Grill; Beach; Dumpster; Exercise Room; Gated Community; Insurance; Internet-WiFi; Ground Keeping; Pest Control; Picnic Area; Pool; Sewer; Water Furnished: Furnished Kitchen: First Living Room: First Dining Room: First Pool Features: Inground Security Features: 24 Hour Security Parking Features: Additional Parking Association Amenities: BBQ Pit/Grill; Beach; Boardwalk; Dumpster; Elevators; Pavilion/Gazebo; Picnic Area; Pool; Waterfront; Other – See Remarks Rooms: Bedroom; Dining Room; Kitchen; Living Room; Master Bedroom Utilities: Electricity – Connected; Internet – Broadband Available; Public Sewer – Connected Waterfront Type: Gulf Waterview: Gulf

Room Information

Room Name	Level	Dimensions	Length	Width
Master Bedroom	First	15 x 14	15.00	14.00
Bedroom	First	11 x 11	11.00	11.00
Bedroom	First	11 x 10	11.00	10.00
Kitchen	First	15 x 14	15.00	14.00
Dining Room	First	13 x 10	13.00	10.00
Living Room	First	25 x 25	25.00	25.00

Listing Office: Keller Williams Realty Emerald

Last Updated: April – 30 – 2026

Information deemed reliable but not guaranteed.