$925,000
Panama City Beach, FL 32408
MLS# 761270
3 beds | 2 baths | 1950 sqft

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Property Description
Coastal Luxury at Treasure Island Resort - Ground Floor Gulf-Front Penthouse Experience coastal living at its finest with this beautifully appointed, ground-floor penthouse unit in the highly sought-after Treasure Island Resort. This fully furnished 3-bedroom, 2-bath condo offers stunning Gulf views and is projected to generate over $100K in annual rental income. The unit stays booked solid, so showings are best on turn days—typically Saturdays after 2 PM. A rare and valuable feature of the ground-floor units is the private balcony gate, providing direct access to the pool deck, hot tub, and beach—no elevator needed. Inside, you'll find an open-concept living, kitchen, and dining area filled with natural light thanks to oversized picture windows and floor-to-ceiling sliding glass doors. The Gulf-front primary suite includes private balcony access, a spacious en suite bath with double vanities, a separate walk-in shower, water closet, and large closet. Both guest bedrooms accommodate king beds and also feature private balcony access via sliding glass doors—ideal for guests or family. Additional highlights include: Private balcony rinse-off shower Assigned, covered garage parking Direct pool and beach access—no stairs or elevator necessary Resort amenities: Heated pool (seasonal), hot tub, grilling area, fitness center, and a community room This is turnkey luxury with strong rental potential and unbeatable convenience. Don't miss your chance to own one of the best-positioned units in Treasure Island.
Details
Maps
Contract Info
Status: Active
List Date: 2024-08-12
List Price: $925,000
List Price/SqFt: 474.36
Current Price: $925,000
Location
Area: 03 - Bay County - Beach
Street #: 5004
Street Name: Thomas 112
Street Suffix: Drive
Unit #: 112
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 - Beach - South of Grand Lagoon
Subdivision: Treasure Island Resort
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Parcel ID: 31437-111-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: From Hathaway Bridge, left on Thomas Drive, complex is on the left just past the Big Curve. Just east of Schooners.
Legal Description: See Attachment
General Property Info
Sub-Type: Condominium
Floor Number: 1
Design: High-Rise (8+ floors)
Apx SqFt(Htd/Cooled): 1950
SqFt Source: Prop App Site
Bedrooms: 3
Full Baths: 2
Total Baths: 2
Year Built: 2005
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: oxo
Pool: Yes
Pool Type: Community
Property Features
Appliances: Dishwasher; Disposal; Microwave; Range - Electric; Refrigerator; Washer/Dryer Stacked; Water Heater - Electric
Master Bedroom: First
Bedroom: First
Cooling: Ceiling Fan(s); Central Air; Electric
Heating: Electric
Exterior: Balcony; Built-in Barbecue/Grill; Double Pane Windows; Fenced Lot-All; Porch Covered; Storm Doors; Storm Windows
Association Fees Include: Beach; TV Cable; Dumpster; Legal; Ground Keeping; Pest Control; Pool; Trash Disposal; Water
Financing: Cash; Conventional
Furnished: Furnished
Kitchen: First
Living Room: First
Lot Features: Dedicated Beach; Deeded Access; Near Beach Access; Near Public Boat Ramp; Subdivision - Recorded; Waterfront; Within 1/2 Mile to Water
Lot Access: City Street; Paved Road
Dining Room: First
Pool Features: Heated - Electric; Inground
Security Features: Building Security; Gated Community; Smoke Detector(s)
Parking Features: Paved
Association Amenities: BBQ Pit/Grill; Beach; Waterfront
Rooms: Bedroom; Dining Room; Kitchen; Living Room; Master Bedroom
Sale Type: As Is
Utilities: TV Cable; Electricity - Connected; Sewer Available; Tap Fee Paid; Water Connected
Waterfront Type: Gulf
Waterfront Feature: Shore - Beach
Waterview: Gulf
Present Zoning: Resid Multi-Family
Room Information
Room Name | Level | Dimensions | Length | Width | Dimensions |
Master Bedroom | First | 15 x 14 | 15.00 | 14.00 | 15 x 14 |
Bedroom | First | 11 x 11 | 11.00 | 11.00 | 11 x 11 |
Bedroom | First | 11 x 10 | 11.00 | 10.00 | 11 x 10 |
Kitchen | First | 15 x 14 | 15.00 | 14.00 | 15 x 14 |
Dining Room | First | 13 x 10 | 13.00 | 10.00 | 13 x 10 |
Living Room | First | 25 x 15 | 25.00 | 15.00 | 25 x 15 |
Listing Office: Counts Real Estate Group Inc
Last Updated: September - 05 - 2025
Information deemed reliable but not guaranteed.