Back 112/5004 Thomas Drive
Off Market

112/5004 Thomas Drive

Lower Grand Lagoon FL 32408

3
2
1
1950 sq. ft.
Condo
Last sold for $825,000
Mary TisdaleMary Tisdale, last sold this property on 19 May 2026 after 1015 days on market.

Overview

HOA's are going DOWN on this rarely available--walk straight from your condo to the pool and beach beyond with this ground-floor Gulf-front coastal retreat. Located on the highly desirable east end of Panama City Beach, this rare ground-floor, 3-bedroom, 3-bath residence at Treasure Island Resort offers direct walk-out access to the pool and Gulf--no elevators, no waiting, just effortless coastal living. Spanning nearly 2,000 sq ft, this spacious floor plan is designed for comfort and gathering, featuring a Gulf-front primary bedroom with beautiful water views and direct access to the patio. The open living and dining areas are filled with natural light and showcase the Gulf, creating a relaxed and inviting beachside retreat. Three-bedroom units are limited within the building, and ground-floor availability is exceptionally rare--making this a unique opportunity. Offered in turnkey condition, this property is well-suited for both personal use and vacation rental. Rental Potential: Highly desirable features for vacation guests include ground-floor convenience, a large 3-bedroom layout, and immediate access to the pool and beach--supporting strong occupancy and rental appeal. Prime East End Location: Within walking distance to St. Andrews State Park and just minutes to Shell Island, public boat ramps, marinas, and popular waterfront dining. Enjoy a quieter stretch of beach while remaining close to everything Panama City Beach has to offer. Key Features: Rare ground-floor Gulf-front location Direct walk-out to pool and beach--no elevators required Spacious 3-bedroom, 3-bath layout Nearly 2,000 sq ft of living space Gulf-front primary bedroom with water views and patio access Open-concept living and dining areas with abundant natural light Newly painted throughout Turnkey condition--well maintained and move-in or rental ready Strong vacation rental potential Located on the desirable east end of Panama City Beach Walking distance to St. Andrews State Park Minutes to Shell Island, boat ramps, marinas, and waterfront dining A rare combination of location, convenience, Gulf-front views, and spacious design. All information deemed reliable but not guaranteed. Buyer to verify.

Features

3 bedrooms
2 bathrooms
1 carspace
1 garage space
1950 sq. ft. floor area
Condo

Estimated Value

Based on this property and similar 3 bedroom condos sold in Lower Grand Lagoon over the last 12 months, the estimated median property value of 112/5004 Thomas Drive is $584.25k.

Median value
$584.25k
Estimated value range
$197.5k - $1.58m
Median days on market
55
Estimated value trend
11%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Lower Grand Lagoon. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 112/5004 Thomas Drive

2026
Sold
$825,000
19 May 2026 by Mary Tisdale, of KELLER WILLIAMS REALTY EMERALD
2021
Sold
$650,000
26 Mar 2021 by Ivanette Free, of Jim Free Realty LLC

Happy sellers in Lower Grand Lagoon

89%
89% of sellers in Lower Grand Lagoon reported that their sale price either exceeded or met their price expectations.

Lower Grand Lagoon stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 19 reviews in Lower Grand Lagoon over the last 12 months.

Local market activity for 3 bedroom condos in Lower Grand Lagoon

In the last 12 months, 88 three-bedroom condos similar to 112/5004 Thomas Drive, have been sold.

This represents a 9% increase in three-bedroom condos sales when compared to the previous 12 months.

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