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Treasure Island

Treasure Island

Treasure Island
Condominium Building Complex
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

5004 Thomas Dr,
Panama City Beach, FL 32408-6969
265 Units
23 Stories
2005 Year Built
$277K - $1.1M Value Range

Available Units

For Sale
For Rent

Highlights

  • Beach
  • Patronis Elementary School Rated A-
  • Property fronts gulf or ocean
  • Elevator
  • 24-Hour Security
  • Heated In Ground Pool

Beachfront Living with Modern Comforts

Treasure Island, a 23-story condominium building completed in 2005, offers a prime location in the Lower Grand Lagoon neighborhood of Panama City Beach. With 265 units, this building provides a blend of modern living and coastal charm. Its strategic location ensures residents enjoy easy access to the beach, making it a desirable choice for those seeking a serene yet vibrant community.

Spacious Units with Stunning Gulf Views

Treasure Island offers a variety of floor plans, ranging from 2 to 3-bedroom layouts. The 2-bedroom units, spanning 1,220 to 1,380 square feet, feature 2 to 2.5 bathrooms and are priced between $595,000 and $687,000. These units boast open floor plans with vaulted 10-foot ceilings, providing ample natural light and panoramic views of the Gulf from the balcony, living room, dining room, kitchen, and master suite. High-end finishes such as quartz countertops, custom cabinets, and elegant tilework in the kitchens and bathrooms enhance the living experience. The 3-bedroom units, approximately 2,000 square feet, come with 2 bathrooms and are priced from $918,847.5 to $1,100,000. These larger units offer additional space and luxury, including wrap-around balconies with views of the Gulf, Bay, Lagoon, and St. Andrews State Park. Monthly HOA fees range from $900 to $1,200, covering internet, ground maintenance, pest control, sewer, trash, and water.

Comprehensive Amenities for a Relaxed Lifestyle

Treasure Island provides a wide array of amenities designed to enhance the living experience. Residents can enjoy a Gulf-front pool, hot tub, and a seasonally heated lagoon-style pool. The fitness center is well-equipped, and the gazebo and grilling area offer perfect spots for outdoor gatherings. Covered parking and four high-speed elevators ensure convenience and ease of access. The building also features a poolside cafe, direct beach access, and a dog walk for pet owners. Additional amenities include a large heated pool, gazebos, BBQ grills, large private balconies, an owner's lounge, a game room, and a kiddy pool. The parking garage provides covered parking, and the building's amenities ensure a comfortable living environment.

Lower Grand Lagoon: A Coastal Haven

Lower Grand Lagoon is a charming neighborhood known for its easy beach access and relaxed atmosphere. Residents can walk to the beach in about 8 to 10 minutes, enjoying the area's signature white, sugary sand and emerald-green waters. The neighborhood is less touristy than the heart of Panama City Beach, making it attractive to locals, seasonal residents, and short-term rental clients. St. Andrews State Park, a popular destination for camping, hiking, bird watching, snorkeling, and surfing, is nearby. The area is dotted with locally owned bars and restaurants, including Schooners, known for its grouper and live music, and Patches Pub, famous for its Reuben sandwiches. Other dining options include Capt. Anderson's, Grand Marlin, Captain Anderson's, and J. Michaels. The Bay District school system serves the area, with Patronis Elementary, Surfside Middle, and J.R. Arnold High offering quality education. The neighborhood's signature events include the Lobster Festival at Schooners and the Annual Grand Lagoon Bloody Mary & Music Festival at the Sheraton Panama City Beach Golf and Spa Resort.

Convenient Transportation Options

Treasure Island is well-connected, with Northwest Florida Beaches International Airport about 40 minutes away by car, providing convenient travel options for residents. The area features a somewhat walkable and bikeable environment, with essential amenities and attractions within a short distance. Thomas Drive, the main thoroughfare, offers a more secluded feel compared to the busier stretches of Panama City Beach Parkway, ensuring a peaceful living experience.

Available Units

Building Details

Views

  • Gulf
  • Lagoon

Recreation

  • Beach
  • Heated In Ground Pool
  • Community Pool
  • Community Spa
  • Outdoor Shower
  • Fishing

Outdoor Features

  • Property fronts gulf or ocean
  • Community Barbecue Grill
  • Picnic Area

Amenities

  • Clubhouse
  • Game Room
  • Laundry Facilities
  • 24-Hour Security
  • 24 Hour Access
  • Gated Community

Parking

  • 1 - 2 Garage Spaces Per Unit
  • 1 Car Garage
  • Additional Parking
  • Parking Lot
  • Assigned Parking

Pet Policy

  • Pets Allowed

Condo Association

  • $858 Monthly HOA Fees
  • Monthly HOA Fees Range from $858 - $1,222
  • Association fees include ground keeping, internet service, utilities, security, sewer, water, trash
  • Treasure Island HOA
  • Treasure Island Subdivision

Building Design

  • Elevator
  • Fire Sprinkler System
  • High-Rise Condominium

Unit Features

  • Washer and Dryer Hookup
  • Balcony

Unit Information By Building

Beds
2 Beds
2 Beds
2 Beds
3 Beds
2 Beds
2 Beds
2 Beds
Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
Sq Ft
1,370
1,370
1,370
1,950
1,370
1,370
1,370
Price
$598,000
$569,000
$649,000
$1,057,560
$629,000
$599,000
$625,000
Price / Sq Ft
$436 / Sq Ft
$415 / Sq Ft
$474 / Sq Ft
$542 / Sq Ft
$459 / Sq Ft
$437 / Sq Ft
$456 / Sq Ft
List Date
09/10/2024
03/28/2024
02/27/2025
03/14/2024
02/08/2024
02/19/2023
06/07/2024

Unit Size and Value Ranges

Studio Units
Sq Ft Range
None Available
Est. Values
$1,039,451
2 Bedroom Units
Sq Ft Range
1,370
Est. Values
$277,000 - $1,034,890
3 Bedroom Units
Sq Ft Range
1,950
Est. Values
$928,990 - $1,085,439
All Units
Sq Ft Range
1,370 - 1,950
Est. Values
$277,000 - $1,085,439

Map

Area Factors

Low Crime

Crime Score®

3 / 10

Somewhat Bikeable

Bike Score®

34 / 100

Car-Dependent

Walk Score®

45 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

74 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$231K - $1.0M
Range of Taxes in Building
$3,649 - $12,660
Range of Taxes per Sq Ft
$4.48 - $7.64

Property Tax History

Source: Public Records

Building Website

Building Team

Property Management
Treasure Island
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.