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Sold for $610,000
  • $610,000

    5004 Thomas Dr Unit 2005, Panama City Beach, FL 32407

    2beds
    1,370sqft
    Condominium
    Built in 2005
    -- sqft lot
    $557,500 Zestimate®
    $445/sqft
    $2,330 Estimated rent

    Home value

    $557,500

    $530,000 - $585,000

    $2,330/mo

    Zestimate® history
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    What's special

    Direct beach accessSeparate kiddie poolLarge granite breakfast barShaded loungers and gazebosWide unobstructed water viewsGulf-front primary suiteDirect gulf-front living
    Direct gulf-front living in Panama City Beach's Treasure Island with wide, unobstructed water views, an oversized 270 sq ft balcony, and a layout designed for effortless coastal living and strong short-term rental appeal. Inside, bright, airy interiors are enhanced by durable luxury plank flooring throughout, creating a cohesive, low-maintenance finish. The open-concept layout connects kitchen, dining, and living areas, all oriented toward the beach for uninterrupted natural light and views. The kitchen is designed for function and ease, featuring a large granite breakfast bar and stainless appliances including a new dishwasher (2022) and refrigerator (2025). A dedicated laundry room adds convenience with a new washer and dryer (2025). The gulf-front primary suite offers a relaxed retreat with a new king bed (2024), ensuite bath with dual vanities, walk-in shower, and generous closet space, plus direct balcony access. The second bedroom is also ensuite for privacy, while built-in bunks add flexible sleeping capacity for guests. Treasure Island delivers resort-style amenities including a beachfront pool deck with a 120-ft heated pool, separate kiddie pool, shaded loungers and gazebos, direct beach access, gulf-view fitness center, game room, secure covered parking garage, seasonal beach service and on-site security. Located on the quieter east end of Thomas Drive near St. Andrews State Park, this stretch of Panama City Beach offers a more relaxed coastal setting while still being close to marinas, golf courses, waterfront dining, live entertainment, and local favorites like Schooners and Captain Anderson's. With some of the lowest HOA fees on the beach, this property delivers ease of ownership, strong guest appeal, and a premier gulf-front location in one of Panama City Beach's most consistently desirable communities. Schedule your private showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Craig Duran 850-290-0417,

    Berkshire Hathaway HomeServices Beach Properties of Florida

    Bought with:

    Craig Duran, 3050909

    Berkshire Hathaway HomeServices Beach Properties of Florida

    Source: CPAR,MLS#: 789909MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Bedroom, Primary Bedroom
    Primary bedroom
    • Level: First
    • Dimensions: 14 x 12
    Bedroom
    • Level: First
    • Dimensions: 12 x 11
    Heating
    • Electric
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Electric Oven, Electric Range
    Features
    • Main Level Primary, Shower Only
    Interior area
    • Total structure area: 1,370
    • Total interior livable area: 1,370 sqft

    Property

    Features
    • Patio & porch: Balcony
    • Pool features: Community
    • Spa features: Community
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Gulf
    Details
    • Parcel number: 31437320000

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: High Rise
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Concrete
    Condition
    • New construction: No
    • Year built: 2005

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Electricity Available

    Community & HOA

    Community
    • Features: Clubhouse, Elevator, Fitness Center, Pool, Waterfront, Community Pool, Short Term Rental Allowed
    • Subdivision: Treasure Island Resort
    HOA
    • Has HOA: Yes
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $445/sqft
    • Tax assessed value: $573,750
    • Annual tax amount: $6,697
    • Date on market: 5/15/2026
    • Cumulative days on market: 15 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    6/15/2026Sold$610,000+5.4%$445/sqft
    Source: CPAR #789909 Report a problem
    6/1/2026Pending sale$579,000$423/sqft
    Source: CPAR #789909 Report a problem
    5/15/2026Listed for sale$579,000-9.4%$423/sqft
    Source: CPAR #789909 Report a problem
    2/12/2026Listing removed$639,000$466/sqft
    Source: CPAR #772219 Report a problem
    4/21/2025Listed for sale$639,000-5.3%$466/sqft
    Source: CPAR #772219 Report a problem
    6/29/2022Sold$675,000$493/sqft
    Source: CPAR #723894 Report a problem
    5/26/2022Contingent$675,000$493/sqft
    Source: CPAR #723894 Report a problem
    5/23/2022Listed for sale$675,000-2.2%$493/sqft
    Source: CPAR #723894 Report a problem
    5/16/2022Contingent$690,000$504/sqft
    Source: CPAR #723894 Report a problem
    5/15/2022Listed for sale$690,000$504/sqft
    Source: CPAR #723894 Report a problem
    5/12/2022Contingent$690,000$504/sqft
    Source: CPAR #723894 Report a problem
    5/3/2022Price change$690,000-4.2%$504/sqft
    Source: CPAR #723894 Report a problem
    3/21/2022Listed for sale$719,900+23.3%$525/sqft
    Source: CPAR #723894 Report a problem
    10/8/2021Listing removed--
    Source: CPAR #713452 Report a problem
    8/15/2021Price change$584,000-1.4%$426/sqft
    Source: CPAR #713452 Report a problem
    6/29/2021Listed for sale$592,000+41.3%$432/sqft
    Source: CPAR #713452 Report a problem
    1/31/2020Listing removed$419,000$306/sqft
    Source: Full Sail Realty, LLC #687810 Report a problem
    8/29/2019Listed for sale$419,000+101.5%$306/sqft
    Source: Full Sail Realty, LLC #687810 Report a problem
    4/18/2011Sold$207,900$152/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$7,091 -1.7%$573,750
    2023$7,213 +41.3%$573,750 +47.9%
    2022$5,106 $388,025
    2021-- --
    2020$4,069 +7.7%$326,821 +10%
    2019$3,779 $297,110 +10%
    2018$3,779 +10.5%$270,100 +0.6%
    2017$3,421 -0.1%$268,600 +1.9%
    2016$3,425 +2.8%$263,500 +6.7%
    2015$3,331 $246,840 +10%
    2014$3,331 $224,400 +10%
    2013-- $204,000 +3.2%
    2012-- $197,625 -6.3%
    2011-- $210,800 -7.3%
    2010-- $227,375 -13.7%
    2009-- $263,500 -22.5%
    2008-- $340,000 -15.8%
    2007-- $403,750 -17.4%
    2006-- $488,752
    Find assessor info on the county website

    Neighborhood: Lower Grand Lagoon

    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.

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