Features & Amenities

Interior

  • Total Bedrooms

    2

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Garage

  • Pool

    Yes

  • Pool Features

    Community

  • Waterfront YN

    YES

Area & Lot

  • Property Type

    Residential

  • Property Sub Type

    Condominium

  • Architectural Style

    N/A

Price

  • Sales Price

    $599,900

  • Tax Amount

    $6,522.7

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Patronis

  • Middle School

    Surfside

  • High School

    Arnold

Property Features

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Bay

Elementary School

Patronis

Middle School

Surfside

High School

Arnold

Listing Courtesy of Courtney Pantalena , Coldwell Banker Realty

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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.

5004 S Thomas Drive 2304

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