Skip main navigation
For sale
  • Price cut: $35K (8/5)
    $880,000

    5004 Thomas Dr Unit 1212, Panama City Beach, FL 32407

    3beds
    1,950sqft
    : 
    $6,646/mo
    Get pre-qualified
    Condominium
    Built in 2005
    -- sqft lot
    $845,400 Zestimate®
    $451/sqft
    $996/mo HOA

    What's special

    Direct beach accessCommunity spacesExpansive sun decksFitness centerBreakfast bar with seatingHot tubsWalk-in closet
    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***
    167 days
    199
    9

    Zillow last checked:

    Listing updated:

    Listed by:

    Greg B Taylor 850-896-4173,

    Counts Real Estate Group Inc,

    Cindy Morehouse 850-822-1055,

    Counts Real Estate Group Inc

    Source: CPAR,MLS#: 786919MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Bedroom, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
      Primary bedroom
      • Level: First
      • Dimensions: 14 x 13
      Bedroom
      • Level: First
      • Dimensions: 11 x 11
      Bedroom
      • Level: First
      • Dimensions: 11 x 11
      Primary bathroom
      • Level: First
      • Dimensions: 15 x 14
      Kitchen
      • Level: First
      • Dimensions: 15 x 14
      Living room
      • Level: First
      • Dimensions: 25 x 15
      Heating
      • Central, Electric
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Electric Oven, Electric Range, Electric Water Heater
      Features
      • Balcony, Double Vanity, Main Level Primary, Walk-In Closet(s)
      Interior area
      • Total structure area: 1,950
      • Total interior livable area: 1,950 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Additional Parking, Community Structure
      • Garage spaces: 1
      Features
      • Patio & porch: Balcony
      • Pool features: Gas Heat, In Ground, Community
      • Has view: Yes
      • View description: Gulf, Water
      • Has water view: Yes
      • Water view: Gulf,Water
      • Waterfront features: Gulf, Shoreline - Sand
      Lot
      • Features: Paved
      Details
      • Parcel number: 31437243000
      • 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
      • Block, Concrete, Stucco
      • Foundation: Pillar/Post/Pier
      • Roof: Flat
      Condition
      • New construction: No
      • Year built: 2005

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Cable Connected, Electricity Available, High Speed Internet Available

      Community & HOA

      Community
      • Features: Barbecue, Beach, Clubhouse, Conference/Meeting Room, Elevator, Fitness Center, Park, Pool, Waterfront, Community Pool, Short Term Rental Allowed
      • Security: Secured Garage/Parking, Security Service
      • Subdivision: Treasure Island Resort
      HOA
      • Has HOA: Yes
      • Amenities included: Beach Rights, Barbecue, Spa/Hot Tub
      • Services included: Association Management, Cable TV, Fitness Facility, Insurance, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Sewer, Security, Trash, Water
      • HOA fee: $996 monthly
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $451/sqft
      • Tax assessed value: $1,009,375
      • Annual tax amount: $10,533
      • Date on market: 3/17/2026
      • Cumulative days on market: 167 days
      • Electric utility on property: Yes

        Estimated market value

        $845,400

        $803,000 - $888,000

        $2,955/mo

        Price history

        DateEventPrice
        8/5/2026Price change$880,000-3.8%$451/sqft
        Source: CPAR #786919 Report a problem
        5/1/2026Price change$915,000-1.6%$469/sqft
        Source: CPAR #786919 Report a problem
        3/17/2026Listed for sale$930,000+111.4%$477/sqft
        Source: CPAR #786919 Report a problem
        6/8/2010Sold$439,900$226/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$10,749 +2.7%$766,490 +10%
        2023$10,466 +29.4%$696,809 +10%
        2022$8,091 $633,463
        2021-- --
        2020$6,658 +5.3%$544,000 +6.7%
        2019$6,323 $510,000 +7.2%
        2018$6,323 +5.5%$475,575 -1%
        2017$5,993 -1.6%$480,250 +3.2%
        2016$6,092 -0.3%$465,375 +1.7%
        2015$6,113 $457,632 +10%
        2014$6,113 $416,029 +10%
        2013-- $378,208
        2012-- $378,208
        2011-- $378,208 -11%
        2010-- $425,000 -9.1%
        2009-- $467,500 -4.3%
        2008-- $488,750 -21.4%
        2007-- $621,434 -17.4%
        2006-- $752,250
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Lower Grand Lagoon

        Getting around

        42 / 100
        Car-Dependent
        34 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts