2 Beds
2 Baths
1,370 sqft
$575,000
5004 Thomas Drive 2304, Panama City Beach FL, 32408
Price per sqft$419.71
Built in2005
Property size1,370 sqft
Property typeCondominium
Overview
Sold
Closed
Listed Nov 26, 2025
Updated Jun 12
Penthouse Perfection at Treasure Island in East Panama City Beach. Some condos feel like rentals; this one feels like a reward. From the moment you enter, you can tell this penthouse has been updated, maintained, and made ready for immediate enjoyment. Fresh paint, brand-new coastal furnishings, and tile flooring throughout create that clean, breezy, ''yes, this is why I bought at the beach'' feeling. Even better... It's pet-friendly but is still so pristine you'd never guess.
The details are where this unit really shines. Updated bathrooms with stylish new vanities and playful coastal accents. Built-in bunks tucked behind the dining area (complete with charming porthole touches) that add extra sleeping space without sacrificing flow. A bright kitchen featuring a new white refrigerator and built-in microwave. Plus -- and this is big -- a new washer/dryer and HVAC system already in place.
Now let's talk about the part buyers quietly stress over... the HOA. Treasure Island delivers rare peace of mind with fully funded reserves, passed inspections, and a history of zero special assessments during the seller's ownership. In fact, dues were recently reduced thanks to strong management and insurance improvements. New high-speed elevators are already underway and already fully covered within the existing budget.
Ownership here has been both easy and profitable. The unit generated approximately $45,000 in rental income in 2025, with room to grow. The complex is exceptionally rental-friendly, including a highly desirable feature: renters may bring one dog under 30 lbs.
And the location? Hard to beat. Positioned between the iconic Schooners Restaurant and St. Andrews State Park, you're surrounded by the best of East PCB -- dining, recreation, and that slightly quieter, more relaxed stretch of beach. Assigned covered parking included. Strong financials. Turn-key condition. Proven income. Whether you're searching for a getaway, an investment, or your own slice of penthouse beach life... this one checks boxes fast. Schedule your showing today. A video tour is also available.
Additional information
- MLS® ID
- 782127
Interior Features
- Bedrooms
- 2
- Bathrooms
- 2
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Other Property Details
- Taxes
- $6,363
- Tax Frequency
- Annually
- Garage
- Yes
- View
- Yes
- Pool
- Yes
- Waterfront
- Yes
Courtesy of Coldwell Banker Realty, Courtney Pantalena,
Listing Contact: 850-738-4881
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Rachel Warrell shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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