Features & Amenities

Interior

  • Other Interior Features

    Entrance Foyer

  • Total Bedrooms

    2

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s)

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Central, Electric, Fireplace(s)

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Construction Materials

    Concrete

  • Other Exterior Features

    Balcony

  • Pool

    Yes

  • Pool Features

    Gas Heat, In Ground, Community

  • Waterfront YN

    YES

  • View

    Water

Area & Lot

  • Lot Features

    Paved, Waterfront

  • Property Type

    Residential

  • Property Sub Type

    Condominium

  • Architectural Style

    HighRise

Price

  • Sales Price

    $654,900

  • Tax Amount

    $6,697

  • Zoning

    Resid Multi-Family

  • Sq. Footage

    1, 370

  • Price/SqFt

    $478

HOA

  • Association

    Yes

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Patronis

  • Middle School

    Surfside

  • High School

    Arnold

Property Features

  • Stories

    22

  • Accessibility Features

    Accessible Entrance

  • Association Amenities

    Other, Barbecue

  • Sewer

    Public Sewer

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Location

County

Bay

Elementary School

Patronis

Middle School

Surfside

High School

Arnold

Listing Courtesy of The Coastal Connections Group , Compass Florida, LLC

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Welcome to Treasure Island Resort, a prominently located gulf-front high-rise condominium in Panama City Beach. This highly desirable, renovated 18th floor unit is comprised of 2 bedrooms plus bunks, 2 bathrooms with 1,370 sq.ft. of an idealistic open floor plan taking full advantage of unobstructed views over the Gulf of Mexico from multiple rooms. A full-blown renovation occurred in 2022 that reflects meticulous attention to detail with notable updates and features throughout in excess of $100,000. This includes updated coastal furniture inside and out, neutral floor-to-ceiling blackout curtains, plantation shutters, neutral paint throughout, wood-look tiles, new light/fan fixtures, new plumbing fixtures, updated kitchen, updated bathrooms, new closet systems and newer components. As you walk into the foyer, you are graced with a beautiful custom marble inlay to set the tone for the rest of the unit. The open-concept kitchen boasts contemporary white cabinetry, granite countertops, stainless-steel appliances with a new stove/oven unit and dishwasher, custom pendant light fixtures, recessed lights and pantry. Within the same space is your dining area with ample sitting, custom light fixture and built-in twin-over-twin bunks with a ladder. Adjoining the space is your large living room offering endless gulf views with the ONLY custom built 52-inch fireplace in the entire complex. Open up the glass sliding doors not only in the living room, but also the primary suite to enjoy the beach air on your almost 30-foot-long balcony that gives you plenty of space of casual sitting and dining options.

Just off the main living area is the spacious primary king suite. The updated primary bathroom offers a double vanity with a leather granite finish, LED lighted fog free mirrors, private water closet, a glass enclosed chevron marble inlay shower, custom plumbing fixtures and a custom wood shelving system in the closet. The secondary queen suite also offers an updated bathroom with a single vanity with a leather granite finish, LED lighted fog free mirror, a glass enclosed herringbone patterned tiled shower and a custom wood shelving system in the closet.

This fully furnished condo makes an ideal primary residence, a second home or an investment property with its unique location on the East end of Panama City Beach offering breathtaking sunsets and expansive views down the coastline, providing an unforgettable backdrop. Resort living offers plenty of amenities for everyone to luxuriate in such as a swimming pool, fitness center, on-site restaurant, beach service and a short distance to St. Andrews State Park, favorite local bars, shopping and restaurants. Come see why life is good at Treasure Island Resort today!

5004 Thomas Drive 1811

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9 Bedrooms / 8 Bathrooms

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Projected Annual Income: $79,800

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Value-Add & Upside Potential:


Rents currently below market in some units,

Opportunity to increase rents and maximize ROI, 
Flexible rental strategies (short-term, mid-term, furnished, room rentals)
Ideal for investors seeking cash flow + appreciation

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Main House: 3BR/2BA + 2BR/1BA apartment (separate entrances), 
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Updated plumbing (PVC & PEX), 
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Updated HVAC window units, 
New water heaters (2020) + tankless (2022), 
Updated railings to code, 

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Multiple fenced yard areas, 
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Minutes to Downtown Panama City
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