Waterfront Escape at Treasure Cove
Looking for the perfect second home that doubles as a smart investment? Welcome to Unit C205 at Treasure Cove in Panama City Beach — a charming 1-bedroom, 1-bath lagoon-front condo offering the ideal balance of vacation getaway and income-generating potential.
Located right on Grand Lagoon, this property gives you front-row access to all the water activities PCB is known for — paddleboard directly from the dock, rent a pontoon for a day at Shell Island, or book an offshore fishing trip or jet ski tour just steps away. The famous Sea Screamer cruise and other waterfront adventures are right across the street.
When you're not using it yourself, take advantage of the short-term rental opportunity to offset your expenses — this community allows vacation rentals and sits in a high-demand area for visitors. With multiple popular local restaurants within walking distance and Beach Access #2 only half a mile away, it's a location guests will love (and keep coming back to).
Whether you're seeking a low-maintenance coastal retreat or a vacation home that works for you when you're not there, Unit C205 is a affordable find in a prime PCB location.
Sold for $215,000
$215,000
3600 Thomas Dr APT C205, Panama City Beach, FL 32408
1beds
656sqft
Condominium
Built in 1985
-- sqft lot
$211,800 Zestimate®
$328/sqft
$1,444 Estimated rent
Home value
$211,800
$191,000 - $235,000
$1,444/mo
Zestimate® history
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$1,444/mo
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$1,453/mo
Est. payment
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$1,453/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Sandi Smith 229-326-2998,
Dalton Wade Inc
Bought with:
Non Member
NON-MEMBER OFFICE
Source: CPAR,MLS#: 774503
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Bedroom
Bedroom
- Level: First
- Dimensions: 12 x 11
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Washer/Dryer Stacked, Electric Range
- Laundry: Stacked
Features
- Doors: Storm Door(s)
- Windows: Storm Window(s)
Interior area
- Total structure area: 656
- Total interior livable area: 656 sqft
Property
Parking
- Parking features: Paved, Parking Lot
Features
- Patio & porch: Balcony
- Pool features: In Ground, Community
- On waterfront: Yes
- Waterfront features: Lagoon, Shoreline - Natural
Details
- Additional structures: Pool House
- Parcel number: 31430114000
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Condo
- Architectural style: Low Rise
- Property subtype: Condominium
Materials
- HardiPlank Type
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Connected, Electricity Available
Community & HOA
Community
- Features: Dock, Pool, Waterfront, Community Pool, Short Term Rental Allowed
- Security: Closed Circuit Camera(s)
- Subdivision: Treasure Cove
HOA
- Has HOA: Yes
- Amenities included: Dock
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $328/sqft
- Tax assessed value: $176,384
- Annual tax amount: $1,641
- Date on market: 6/6/2025
- Cumulative days on market: 106 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2025 | Sold | $215,000-4.4%$328/sqft |
Source:  CPAR #774503 Report a problem | ||
| 9/22/2025 | Pending sale | $225,000$343/sqft |
Source: CPAR #774503 Report a problem | ||
| 6/6/2025 | Listed for sale | $225,000-10%$343/sqft |
Source: CPAR #774503 Report a problem | ||
| 3/1/2025 | Listing removed | $249,900$381/sqft |
Source:  Forgotten Coast Realtor Association #316715 Report a problem | ||
| 8/30/2024 | Price change | $249,900-7.4%$381/sqft |
Source: Forgotten Coast Realtor Association #316715 Report a problem | ||
| 4/1/2024 | Price change | $270,000-3.6%$412/sqft |
Source:  ECAOR #943460 Report a problem | ||
| 2/29/2024 | Listed for sale | $280,000+194.7%$427/sqft |
Source: ECAOR #943460 Report a problem | ||
| 6/26/2018 | Sold | $95,000+76.3%$145/sqft |
Source: Public Record Report a problem | ||
| 6/13/2000 | Sold | $53,900$82/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,641 -3.2% | $95,204 +10% |
| 2023 | $1,696 +28.1% | $86,549 +10% |
| 2022 | $1,324 | $78,681 |
| 2021 | -- | -- |
| 2020 | $831 -1.2% | $65,025 |
| 2019 | $841 | $65,025 +5.9% |
| 2018 | $841 -6.8% | $61,426 +10% |
| 2017 | $902 +13.9% | $55,842 +10% |
| 2016 | $793 +22.1% | $50,765 +10% |
| 2015 | $649 | $46,150 +1.2% |
| 2014 | $649 | $45,603 +4.7% |
| 2013 | -- | $43,563 -7.7% |
| 2012 | -- | $47,209 +21% |
| 2011 | -- | $39,015 -39.2% |
| 2010 | -- | $64,214 -12% |
| 2009 | -- | $72,970 -21.5% |
| 2008 | -- | $92,955 -29% |
| 2007 | -- | $130,967 -18% |
| 2006 | -- | $159,716 +118.8% |
| 2005 | -- | $73,001 |
| 2004 | -- | $73,001 +55.3% |
| 2003 | -- | $47,001 |
| 2002 | -- | $47,001 |
| 2001 | -- | $47,001 +24.7% |
| 2000 | -- | $37,700 |
Find assessor info on the county website
Neighborhood: Lower Grand Lagoon
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Nearby schools
GreatSchools rating
- 9/10Patronis Elementary SchoolGrades: K-5Distance: 1.8 mi
- 7/10Surfside Middle SchoolGrades: PK-12Distance: 7.5 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 5.5 mi
Schools provided by the listing agent
- Elementary: Patronis
- Middle: Surfside
- High: Arnold
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Bay County
- Panama City Beach
- 32408
- Lower Grand Lagoon
- 3600 Thomas Dr Apartment C205
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