Coastal Luxury at Treasure Island Resort - Ground Floor Gulf-Front PenthouseExperience coastal living at its finest with this beautifully appointed, ground-floor penthouse unit in the highly sought-after Treasure Island Resort. This fully furnished 3-bedroom, 2-bath condo offers stunning Gulf views and is projected to generate over $100K in annual rental income. The unit stays booked solid, so showings are best on turn days--typically Saturdays after 2 PM.A rare and valuable feature of the ground-floor units is the private balcony gate, providing direct access to the pool deck, hot tub, and beach--no elevator needed. Inside, you'll find an open-concept living, kitchen, and dining area filled with natural light thanks to oversized picture windows and floor-to-ceiling sliding glass doors.The Gulf-front primary suite includes private balcony access, a spacious en suite bath with double vanities, a separate walk-in shower, water closet, and large closet. Both guest bedrooms accommodate king beds and also feature private balcony access via sliding glass doors--ideal for guests or family.Additional highlights include:Private balcony rinse-off showerAssigned, covered garage parkingDirect pool and beach access--no stairs or elevator necessaryResort amenities: Heated pool (seasonal), hot tub, grilling area, fitness center, and a community roomThis is turnkey luxury with strong rental potential and unbeatable convenience. Don't miss your chance to own one of the best-positioned units in Treasure Island.
For sale
$925,000
5004 Thomas Dr UNIT 112, Panama City Beach, FL 32407
3beds
1,950sqft
Est.:
Condominium
Built in 2005
-- sqft lot
$-- Zestimate®
$474/sqft
$1,222/mo HOA
What's special
Oversized picture windowsStunning gulf viewsGulf-front primary suiteSpacious en suite bathPrivate balcony accessPrivate balcony gateNatural light
- 354 days
- on Zillow |
- 119 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: July 10, 2025 at 12:21pm
Listed by:
J3/Jim H Hodges 850-258-3670,
Counts Real Estate Group Inc,
Catherine Anderson 850-960-3247,
Keller Williams Success Realty
Source: CPAR,MLS#: 761270
Originating MLS: Central Panhandle Association of REALTORS

Travel times
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Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Dining Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: First
- Area: 210
- Dimensions: 15 x 14
Bedroom
- Level: First
- Area: 121
- Dimensions: 11 x 11
Bedroom
- Level: First
- Area: 110
- Dimensions: 11 x 10
Dining room
- Level: First
- Area: 130
- Dimensions: 13 x 10
Kitchen
- Level: First
- Area: 210
- Dimensions: 15 x 14
Living room
- Level: First
- Area: 375
- Dimensions: 25 x 15
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Washer/Dryer Stacked, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
- Laundry: Stacked
Features
- Breakfast Bar, Recessed Lighting, Split Bedrooms
- Doors: Storm Door(s)
- Windows: Double Pane Windows, Storm Window(s)
- Furnished: Yes
Interior area
- Total interior livable area: 1,950 sqft
Property
Parking
- Parking features: Paved
Features
- Patio & porch: Balcony, Covered, Porch
- Exterior features: Built-in Barbecue, Balcony
- Pool features: Community, Electric Heat, In Ground, Pool
- Fencing: Full
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: Gulf, Shoreline - Sand, Waterfront
Lot
- Features: Waterfront
Details
- Parcel number: 31437111000
- Zoning description: Resid Multi-Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Condo
- Architectural style: High Rise
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Concrete
Condition
- Year built: 2005
Utilities & green energy
- Utilities for property: Cable Connected, Water Connected
Community & HOA
Community
- Features: Barbecue, Beach, Short Term Rental Allowed, Waterfront, Gated, Pool
- Security: Building Security, Gated Community, Smoke Detector(s)
- Subdivision: Treasure Island Resort
HOA
- Has HOA: Yes
- Amenities included: Beach Rights
- Services included: Cable TV, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Trash, Water
- HOA fee: $3,666 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $474/sqft
- Tax assessed value: $1,009,375
- Annual tax amount: $11,136
- Date on market: 8/12/2024
- Listing terms: Cash,Conventional
- Road surface type: Paved
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