$635,000

5004 Thomas Dr Unit 1507 Panama City Beach, FL 32408

$7,541
Closing credit¹
2 beds
2 full
1,370 sqft
$464 / sqft
Condo

Property details

About 5004 Thomas Dr Unit 1507

Welcome to Treasure Island. This spacious unit includes a large balcony and Gulf views throughout most of the condo. Accommodating up to eight guests, Treasure Island will have you and your guests returning year after year. Freshly painted with some new commercial furniture, this unit has much to desire. The kitchen has granite countertops, a breakfast bar, and plenty of cabinet space, and overlooks the oversized balcony so you can take in the views of the Gulf of Mexico. The Master Bedroom has a large oversized ensuite and views of the Gulf. You and your guest will enjoy in-unit laundry and close proximity to the high-speed elevators. Treasure Island overlooks the world's most beautiful beaches and is located at the highly sought-after East End of Panama City Beach. Walk the beach to enjoy live music and great food at the local beach club, or walk down Thomas Drive to fishing, boating, restaurants, or Saint Andrews State Park. Treasure Island has many amenities, including a beachside resort-style heated, a kiddy pool, two gazebos, covered parking, a gym, an owner's lounge, a game room, high-speed elevators, and more.

Highlights

Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Size1,370 sqft
Year built2005
MLS #770434
Garage1 space
WaterfrontGulf
ViewGulf

Summary

  • Full Bathrooms: 2
  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Range, Disposal, Warming Drawer, Washer
  • Interior: Breakfast Bar
  • Total Bedroom Count: 2
  • Garage Space: 1 space
  • Waterfront: Gulf
  • View: Gulf
  • Exterior: Built-in Barbecue, Balcony
  • Architectural Style: High Rise
  • Heating: Central
  • Cooling: Central Air
  • List Price: $635,000
  • Price/SqFt: $463
  • HOA Amount: $2575 Quarterly
  • Annual Tax Amount: $6,182
  • Tax Year: 2023
  • Directions: Driving East on Thomas Drive, turn right onto Spyglass Drive, then turn right again into the parking garage of Treasure Island.
  • Year Built: 2005
  • Living Area: 1,370 SqFt
  • MLS Number: 770434
  • MLS Name: BCAR
  • Office Name: CENTURY 21 Ryan Realty Inc

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/26/2025, 9:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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5004 Thomas Dr Unit 1507, Panama City Beach, FL 32408

$635,000

5004 Thomas Dr Unit 1507

$7,541

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Mar 22, 2011
Home Sold
$229,000
Aug 31, 2005
Home Sold
$550,000

Tax history

YearAssessmentProperty Tax
2023$573,750$6,182
2022$493,000$5,105
2021$352,750$5,105
2020$326,821$4,069
2018$270,100$3,420
2017$268,600$3,425

History based on county public records data.

Nearby schools

7

Patronis Elementary School

Public District KG-5

2.2 mi

7400 Patronis Dr

5

Lucille Moore Elementary School

Public District PK-5

4.1 mi

1900 Michigan Ave

1

St. Andrew School at Oakland Terrace

Public District PK-5

4.3 mi

2010 W 12th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $41,776. The majority of Panama City Beach, FL residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

37%
<35k
49%
35k-100k
8%
100k-200k
6%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

57%
Single, No Kids
6%
Single, with Kids
28%
Married, No Kids
9%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
4%
12-17 yrs old
23%
18-34 yrs old
44%
35-64 yrs old
21%
65+ yrs old

What do the neighbors do for fun?

  • Figure SkatingFigure Skating
  • Pro WrestlingPro Wrestling
  • College FootballCollege Football

Where do the neighbors shop?

  • KmartKmart
  • Family DollarFamily Dollar
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • Bob EvansBob Evans
  • Dominos PizzaDominos Pizza
  • SonicSonic

What do the neighbors drive?

  • BuickBuick
  • FordFord
  • KiaKia

What do the neighbors listen to?

  • OldiesOldies
  • New CountryNew Country
  • News/Talk/InformationNews/Talk/Information
All data provided by Home Junction and Claritas

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Frequently asked questions

About 5004 Thomas Dr Unit 1507

The listing price of 5004 Thomas Dr Unit 1507 property is $635,000.

The property 5004 Thomas Dr Unit 1507 is a condo located in Panama City Beach, Florida, 32408.

Active Listing: 5004 Thomas Dr Unit 1507 is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 5004 Thomas Dr Unit 1507 are: Patronis Elementary School (GreatSchools Rating 7/10), Lucille Moore Elementary School (GreatSchools Rating 5/10), St. Andrew School at Oakland Terrace (GreatSchools Rating 1/10), Breakfast Point Academy (GreatSchools Rating 6/10), Jinks Middle School (GreatSchools Rating 2/10), University Academy Sabl Inc (GreatSchools Rating 10/10), Rising Leaders Academy (GreatSchools Rating 5/10), Bay Virtual Franchise (GreatSchools Rating 6/10), Palm Bay Preparatory Academy 6-12 (GreatSchools Rating 7/10).

According to the records, the last property tax for 2023 is $6,182 (source: MLS/based on county public records data).

The last sale was on March 22, 2011 for $229,000 (source: MLS/tax record).

The property at 5004 Thomas Dr Unit 1507 has 2 bedrooms and 2 bathrooms.

The property 5004 Thomas Dr Unit 1507 is 1,370 SqFt (source: MLS/tax record).

The year of construction for 5004 Thomas Dr Unit 1507 is 2005.

This home is located at 5004 Thomas Dr Unit 1507 in Panama City Beach, FL and zip code 32408 in the Gulf Lagoon Beach neighborhood. This 1,370 square foot home was built in 2005. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 25, 2025 and is currently priced at $635,000.

Panama City Beach, FL housing market in May 2025 saw over 32 listings sold above listed price, more than 65 sold at listed price and over 141 sold below. The number of listings in Panama City Beach, FL increased by 3.4% between April and May 2025. While the average time on the market in May 2025 was 77 days, the median list price was $331,357.

From Rocket Homes Real Estate and based on county public records data.

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