Address
5004 Thomas Drive 1212, Panama City, FL
Price
$ 880,000
Property Attributes
- MLS#786919
- TypeCondos
- Listing Status Active Under Contract
- CountyBay
- CityPanama City
- Area03 - Bay County - Beach
- NeighborhoodTreasure Island Resort
- Zip32408
- Style
- Year Built2005
- Taxes$ 10533
- Price$ 880,000
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1950
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
***CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS***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 $880,000, 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. EASY TO SHOW VACANT ***The Baby Grand Piano Does NOT Convey with purchase of the unit***
| Elementary School | Middle School | High School |
|---|---|---|
| Patronis Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 3/17/2026 | Listed $930,000 |
| 5/1/2026 | 2$915,000 |
| 8/5/2026 | 4$880,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Cable Connected,Electricity Available,High Speed Internet Available |
| Property Subtype | Condominium |
| Tax Year | 2025 |
| Community Features | Barbecue,Beach,Clubhouse,Conference/Meeting Room,Elevator,Fitness Center,Park,Pool,Waterfront,Community Pool,Short Term Rental Allowed |
| County | Bay |
| Property Type | Residential |
| HOA | true |
| Subdivision Name | Treasure Island Resort |
| Special Listing Conditions | Listed As-Is |
| Status | Active Under Contract |
| 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. |
| High School | Arnold |
| City | Panama City |
| Disclosures | Accepting Backup Offers |
| Zoning Description | Resid Multi-Family |
| MLS Area | 03 - Bay County - Beach |
| Elementary School | Patronis |
| Land Lease Y/N | false |
| Tax Annual Amount | 10533 |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 0323 - Beach - South of Grand Lagoon |
| Standard Status | Pending |
| Property Sub Type Additional | Condominium |
| Association Amenities | Beach Rights,Barbecue,Spa/Hot Tub |
| Occupancy Type | Occupied |
| Waterfront Features | Gulf,Shoreline - Sand |
| Year Built | 2005 |
| Association Fee Includes | Association Management,Cable TV,Fitness Facility,Insurance,Internet,Legal/Accounting,Maintenance Grounds,Pest Control,Pool(s),Sewer,Security,Trash,Water |
| Heating | Central,Electric |
| Cooling | Central Air,Ceiling Fan(s) |
| Appliances | Electric Oven,Electric Range,Electric Water Heater |
| Patio/Porch Features | Balcony |
| Construction Materials | Block,Concrete,Stucco |
| View | Gulf,Water |
| Attached Garage | false |
| Garage Y/N | true |
| Total Rooms | 6 |
| Full Baths | 2 |
| Virtual Tour | https://my.matterport.com/show/?m=Eiw43WWQ81X&mls=1 |
| Garage Spaces | 1 |
| Architectural Style | High Rise |
| HOA Fee | 995.94 |
| Assoc Fee Paid Per | Monthly |
| Pool Features | Gas Heat,In Ground,Community |
| Security Features | Secured Garage/Parking,Security Service |
| Unit Number | 1212 |
| Building Features | Dumpster |
| New Construction | false |
| Senior Community Y/N | false |
| Roof | Flat |
Interior Features
| Total Baths | 2 |
|---|---|
| Interior Amenities | Balcony,Double Vanity,Main Level Primary,Walk-In Closet(s) |
| Furnished Units | All Units |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 3 |
| LivingAreaSource | Appraiser |
| Total Stories | 23 |
Exterior Features
| Lot Features | Paved |
|---|---|
| Lot Dimensions | 0x0 |
| Road Frontage Type | City Street |
| Parking Features | Additional Parking,Community Structure |
| Building Area Total | 1950 |
| Waterfront Y/N | true |
| Road Responsibility | Public Maintained Road |
| Foundation Details | Pillar/Post/Pier |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Pets
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Condos Average in 32408
Price
Taxes
Year Built
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
