Updated Nov 13, 2026
Treasure Island Resort is a Gulf-front condo tower at 5004 Thomas Drive, on the east end of Panama City Beach near St. Andrews State Park and Grand Lagoon. It has 263 units, almost all two- and three-bedroom plans, and a pool deck right on the sand. If a Treasure Island condo is for sale today, it's in the listings above. Below is what I check for buyers here before an offer.
View Treasure Island Resort condos for sale · Call or text me: 850-596-5844
Building | Address | For sale on Nov 13, 2026 | Price range | Quarterly dues (Nov 13 MLS listings) |
|---|---|---|---|---|
Treasure Island Resort | 5004 Thomas Drive | Ask Roger | Ask Roger | Ask Roger |
With only two units for sale and two pending in the November 13 MLS export, a count or price range would mislead more than it helps. Call me and I'll walk you through each one, plus what has sold recently. For context, those November 13 listings showed quarterly dues of $2,099.05 to $2,575.52 on the two-bedroom units and $2,987.82 on a pending three-bedroom. Ask for an estoppel letter on the exact unit.
Treasure Island is on the Gulf side of Thomas Drive at the east end of the beach. By road it's about a mile to the St. Andrews State Park entrance, about 4 miles to the Bay Point marina area, and about 10 miles, roughly 20 minutes, to Pier Park (OSRM road estimates). Grand Lagoon's marinas, charter boats and waterfront restaurants are a few minutes away, which is why I see a lot of boaters look here. If you're comparing it with towers closer to Pier Park, the trade is a drive for shopping in exchange for the state park and the lagoon being close by.
Nearby buildings to compare: Moonspinner, Regency Towers, the Princess, Mariner East and The Commodore. The whole corridor is in my Thomas Drive homes and condos guide, and the lagoon side is in Lower Grand Lagoon.
The two-bedroom plans run about 1,370 square feet and the three-bedrooms about 1,950, per MLS listings. The rental office calls the condos among PCB's largest, with walk-out private balconies, walk-in showers with dual heads and a washer and dryer in every unit. It also says the building is angled so balconies catch the sunset over the water.
Units with the same plan can still sell far apart. Here's what moves the price:
From the resort's amenity page and HOA rules (read November 13, 2026):
The association's posted rules and regulations cover guests, and they shape how a unit rents:
Get the current rules in writing from the association before you buy, especially if you plan to rent or bring a dog.
Treasure Island is outside Panama City Beach's city limits, in unincorporated Bay County. Bay County's short-term vacation rental ordinance (Ordinance 23-18, passed August 1, 2023) covers one- to four-family dwellings, and the county says high-rise condo units are currently exempt from it. You'll still need a DBPR vacation rental license, Florida sales tax registration and Bay County tourist development tax registration, which the Bay County Tax Collector handles starting with October 2026. More on this in my guide to using a PCB condo as a vacation rental.
My full list for any condo is on my PCB condo buyer's guide.
Two units with the same floor plan can be very different buys. Here's what I look at on every Treasure Island unit:
Many of my Treasure Island buyers live out of state. I can preview units for you by video, check the view from the balcony, and send you the estoppel, the HOA rules and recent sales of the same plan. You can sign most closing documents electronically or by mail, and the title company can arrange a mobile notary where you live.
It's a weaker fit if you want to park a boat trailer at the building, want to walk to Pier Park, or want a small one-bedroom.
Decide between two and three bedrooms first, then the floor range and view. Tell me those and I'll send you only the units that match, along with recent sales of the same plan. You can also browse the Treasure Island map search yourself.
Selling a home or condo to buy here? Get a value estimate on it first so we know your budget. Call or text me at 850-596-5844.
Treasure Island buyers ask about the plan, the floor and view, the quarterly dues, any special assessment, what the unit grossed last year and whether the furniture conveys. Have your dues statement, rental statements and future bookings ready before we list.
Get a value estimate for your Treasure Island condo, and I'll price it against recent sales of the same plan in the building. Call or text 850-596-5844.
At 5004 Thomas Drive, Panama City Beach, FL 32408, on the Gulf at the east end of the beach. The state registry lists it as 5400 Thomas Drive.
No. Bay County's GIS boundary puts it in unincorporated Bay County.
263, per the state condo registry.
Two-bedroom units are about 1,370 square feet and three-bedrooms about 1,950, per MLS listings.
The HOA rules allow one dog under 30 pounds per unit, with a $300 registration. Cats and other pets aren't allowed.
No. The rules don't allow watercraft or watercraft trailers on the property, or any trailer over 16 feet.
The county says high-rise condo units are currently exempt from its short-term rental ordinance. You still need a DBPR license and tax registrations.
In the November 13, 2026 MLS export, two-bedroom listings showed $2,099.05 to $2,575.52 a quarter. Ask for an estoppel letter on the exact unit.
Yes. The resort says each condo has its own washer and dryer.
About 10 miles, roughly 20 minutes by car.
In 2005, per MLS listings. The condominium was recorded with the state on July 5, 2005.
Yes. It's on the Gulf side of Thomas Drive, with the pool deck on the sand and beach service with chairs and umbrellas.
I'm Roger Rietsema with Allison James Estates & Homes, selling on this coast since 2003. Reach me at 850-596-5844 by call or text.
Checked November 13, 2026:
Rules and fees change, so ask the association for current copies.
