NOT LISTED FOR SALE

Treasure Island 5004 Thomas Dr Unit 712 Panama City, FL 32408

Estimated Value: $971,000 - $1,041,895

3 Beds
2 Baths
1,950 Sq Ft
$1,222/mo HOA Fee

Last Sold March 08, 2024

Last sale price $1,020,000 $523 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $7,553/month

683 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Heated In Ground Pool
  • J.R. Arnold High School Rated A-
  • Deeded access to the beach
  • Furnished

About This Home

As of March 2024

Beautiful unit overlooking the World's Most Beautiful Beaches. This unit features a wrap balcony with approximately 849 sq ft of balcony that overlooks the entire beach.Panoramic view of the East and West end of the beach, St. Andrews Bay, Grand Lagoon, Gulf of Mexico and the pass. This three bedroom, two bath unit has a wrap around balcony, all three bedrooms have access to the balcony. One of the best views in Panama City Beach! 9' ceilings and crown molding, as well as granite countertops and an unusual amount of closet and storage space throughout the unit. All information is believed to be correct, but should be verified by purchaser.

Last Agent to Sell the Property

Ivanette Free

Jim Free Realty LLC License #0554791 Listed on: 03/23/2022

Co-Listed By

Melisa Caporella

Realty Mark Associates License #3255824

Last Buyer's Agent

Gabriel Stephani

The Heron Group LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,946

Year Built

  • Built in 2005

Lot Details

  • Property fronts a county road

HOA Fees

  • $1,222 Monthly HOA Fees

Parking

  • 2 Covered Spaces

Home Design

  • Pillar, Post or Pier Foundation
  • Membrane Roofing
  • Stucco

Interior Spaces

  • 1,950 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Double Pane Windows
  • Great Room
  • Dining Room
  • Closed Circuit Camera

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Deeded access to the beach

Schools

  • Patronis Elementary School
  • Surfside Middle School
  • Arnold High School

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Community Details

Overview

  • Association fees include management, clubhouse, cable TV, internet, legal/accounting, ground maintenance, pest control, pool(s), sewer, trash, water
  • 263 Units
  • High-Rise Condominium
  • Treasure Island Resort Subdivision
  • 22-Story Property

Amenities

  • Community Barbecue Grill
  • Elevator

Recreation

  • Beach

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,946

Year Built

Built in 2005

Lot Details

0

HOA Fees

$1,222 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Property Sub Type: Condominium
  • Lot Size: Condo
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: BJFR
  • Co List Office Phone: (850) 230-1216
  • Subdivision Name: Treasure Island Resort
  • Architectural Style: High Rise
  • Entry Level: 7
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Interior Amenities: Breakfast Bar
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1950.0
  • Dining Room Type: Bedroom, Dining Room, Great Room, Kitchen, Primary Bedroom
  • Stories: 22
  • Window Features: Double Pane Windows
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: Gas Heat, In Ground, Community, Pool
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf, Shoreline - Sand, Waterfront
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Built-in Barbecue, Balcony
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Balcony
  • Roof: Membrane

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage: No

Utilities

  • Utilities: Cable Connected, Other, See Remarks, Trash Collection, Water Connected
  • Security Features: Closed Circuit Camera(s), Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Green Building Features: Dumpster
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 3666.04
  • Community Features: Barbecue, Beach, Elevator, Fitness Center, Other, Pool, See Remarks, Short Term Rental Allowed, Waterfront
  • Senior Community: No
  • Amenities: Beach Rights
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Association Management, Clubhouse, Cable TV, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Sewer, Trash, Water

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Features: Waterfront
  • Zoning Description: Resid Multi-Family

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units In Community: 263

Tax Info

  • Tax Annual Amount: 6946.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2022
Closed on
Mar 8, 2024
Sold by
Mcneel Bartley and Mcneel Diane
Bought by
Holmes Roger C and Holmes Shawn M
Seller's Agent
Ivanette Free
Jim Free Realty LLC
Buyer's Agent
Gabriel Stephani
The Heron Group LLC
List Price
$1,189,877
Sold Price
$1,020,000
Premium/Discount to List
-$169,877
-14.28%
Views
95
Current Estimated Value
$1,003,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,026
Avg. Annual Appreciation
-1.06%

Purchase Details

Listed on
Jul 20, 2015
Closed on
Apr 14, 2016
Sold by
Holmes Roger and Holmes Shawn
Bought by
Mcneel Bartley and Mcneel Diane
Seller's Agent
Gabriel Stephani
Pineapple Properties
Buyer's Agent
Reba Hanson
Akins & Assoc.
List Price
$699,900
Sold Price
$565,000
Premium/Discount to List
-$134,900
-19.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.76%
Original Mortgage
$235,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 7, 2012
Closed on
Apr 5, 2013
Sold by
Adcock Carolyn F and Adcock David E
Bought by
Holmes Roger and Holmes Shawn
Seller's Agent
Ivanette Free
Jim Free Realty LLC
Buyer's Agent
Linda Shaw
RealJoy Properties LLC
List Price
$625,000
Sold Price
$515,000
Premium/Discount to List
-$110,000
-17.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.11%
Original Mortgage
$337,500
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2006
Sold by
Corea Luciano and Corea Paula
Bought by
Adcock Carolyn F and Adcock David E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$728,000
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Holmes Roger C $1,020,000 None Listed On Document
Mcneel Bartley $565,000 Mti Title Ins Agency Inc
Holmes Roger $515,000 Dba Bay County Land & Abstra
Adcock Carolyn F $910,000 Diamond Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcneel Bartley $235,000
Previous Owner Holmes Roger $337,500
Previous Owner Adcock Carolyn F $728,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2024 03/08/24 Sold $1,020,000 -7.1% $523 / Sq Ft
02/08/2024 02/08/24 Pending -- -- --
04/24/2023 04/24/23 Price Changed $1,098,000 +9.8% $563 / Sq Ft
04/20/2023 04/20/23 Price Changed $1,000,000 -16.0% $513 / Sq Ft
04/06/2023 04/06/23 For Sale $1,189,877 0.0% $610 / Sq Ft
02/06/2023 02/06/23 Pending -- -- --
11/09/2022 11/09/22 Off Market $1,189,877 -- --
07/05/2022 07/05/22 Off Market $565,000 -- --
06/20/2022 06/20/22 Off Market $515,000 -- --
04/11/2022 04/11/22 For Sale $1,189,877 +16.7% $610 / Sq Ft
04/04/2022 04/04/22 Off Market $1,020,000 -- --
03/26/2022 03/26/22 For Sale $1,069,877 +89.4% $549 / Sq Ft
04/15/2016 04/15/16 Sold $565,000 -19.3% $290 / Sq Ft
02/17/2016 02/17/16 Pending -- -- --
07/20/2015 07/20/15 For Sale $699,900 +35.9% $359 / Sq Ft
04/05/2013 04/05/13 Sold $515,000 -17.6% $264 / Sq Ft
03/14/2013 03/14/13 Pending -- -- --
07/07/2012 07/07/12 For Sale $625,000 -- $321 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,466 $766,490 -- --
2023 $10,466 $696,809 $0 $1,009,375
2022 $8,091 $633,463 $0 $0
2021 $6,946 $575,875 $0 $575,875
2020 $6,658 $544,000 $0 $544,000
2019 $6,323 $510,000 $0 $510,000
2018 $5,993 $475,575 $0 $0
2017 $6,092 $480,250 $0 $0
2016 $6,014 $465,375 $0 $0
2015 $6,143 $462,400 $0 $0
2014 $5,642 $425,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 724170

Central Panhandle Association of REALTORS®

APN: 31437-183-000