Address
6201 Thomas Drive 406, Panama City, FL
Price
$ 569,500
Property Attributes
- MLS#789656
- TypeCondos
- Listing Status Active
- CountyBay
- CityPanama City
- Area03 - Bay County - Beach
- NeighborhoodWatercrest Condo
- Zip32408
- Style
- Year Built1987
- Taxes$ 5368
- Price$ 569,500
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1379
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
WANT TO BE LESS THAN A MILE TO THE NEW TOOTSIES?????? WATERCREST 406 IS WHERE ITS AT!!! Wake up to the sound of waves and step directly onto the sugar-white sands of Panama City Beach from this beautifully positioned beachfront condo. Located on a desirable low floor, this residence offers effortless access while still delivering sweeping Gulf views and the coastal lifestyle buyers seek. The spacious floor plan is designed for comfort and functionality, featuring large bedrooms and a highly sought-after master suite positioned directly on the Gulf. Wake up each morning to panoramic water views and enjoy private balcony access from your own retreat. A separate laundry room adds everyday convenience, while the generous living and dining areas create the perfect space for entertaining family and guests. This building has undergone extensive upgrades, giving buyers peace of mind and modern appeal. Recent improvements include fresh exterior paint, new balcony railings, resurfaced patios, and a newly refinished heated pool--perfect for year-round enjoyment. Even better, there are no current special assessments, and the property has successfully met all required milestones and reserve study standards. Accessibility is enhanced with private elevators located on both the east and west ends of the building, servicing up to the 6th floor for added convenience and privacy. For investors, this property presents an exceptional opportunity. Short-term rentals are allowed, with projected annual rental income ranging from $70,000 to $90,000 depending on owner usage, making it both a luxurious getaway and a strong income-producing asset. Whether you're searching for a primary residence, vacation home, or high-performing rental property, this beachfront condo offers the perfect blend of location, lifestyle, and value on one of Florida's most iconic coastlines.
| Elementary School | Middle School | High School |
|---|---|---|
| Patronis Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 5/9/2026 | Listed $625,000 |
| 5/15/2026 | 4$600,000 |
| 8/4/2026 | 4$575,000 |
| 9/15/2026 | 1$569,500 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Cable Connected,Electricity Available |
| Property Subtype | Condominium |
| Tax Year | 2025 |
| Community Features | Barbecue,Beach,Conference/Meeting Room,Fitness Center,Pool,Tennis Court(s),Waterfront,Community Pool,Short Term Rental Allowed |
| County | Bay |
| Property Type | Residential |
| HOA | true |
| Subdivision Name | Watercrest Condo |
| Special Listing Conditions | Listed As-Is |
| Status | Active |
| Buyer Financing | Other |
| Directions | From the Hathaway bridge travel south on Navy Drive, go past the curve where Newby's is at and continue on for about a mile. Watercrest will be on your left. Look for the big green ''W'' on the front of the building. |
| High School | Arnold |
| City | Panama City |
| Zoning Description | City |
| MLS Area | 03 - Bay County - Beach |
| Elementary School | Patronis |
| Tax Annual Amount | 5368 |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 0323 - Beach - South of Grand Lagoon |
| Standard Status | Active |
| Property Sub Type Additional | Condominium |
| Association Amenities | Spa/Hot Tub |
| Other Structures | Other,Tennis Court(s) |
| Occupancy Type | Tenant |
| Waterfront Features | Gulf,Shoreline - Sand |
| Year Built | 1987 |
| Association Fee Includes | Association Management,Clubhouse,Cable TV,Fitness Facility,Internet,Legal/Accounting,Maintenance Grounds,Maintenance Structure,Pool(s),Security,Tennis Courts,Trash,Water |
| Heating | Central,Electric |
| Cooling | Central Air |
| Appliances | Washer/Dryer Stacked,Electric Oven,Electric Water Heater |
| Patio/Porch Features | Balcony |
| Construction Materials | Stucco |
| View | Gulf,Water |
| Attached Garage | false |
| Garage Y/N | false |
| Total Rooms | 3 |
| Full Baths | 2 |
| Architectural Style | High Rise |
| Stories Count | 18 |
| HOA Fee | 3243.99 |
| Assoc Fee Paid Per | Quarterly |
| Pool Features | Fenced,Electric Heat,In Ground,Community |
| Security Features | Building Security,Fire Sprinkler System,24 Hour Security,Security Guard,Fire Alarm,Smoke Detector(s),Security Service |
| Unit Number | 406 |
| Building Features | Dumpster |
| New Construction | false |
| Spa Features | Community |
| Number Of Units Total | 174 |
Interior Features
| Total Baths | 2 |
|---|---|
| Interior Amenities | Balcony,Double Vanity,Main Level Primary,Tub Shower |
| Furnished Units | All Units |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 2 |
| LivingAreaSource | Appraiser |
| Window Features | Storm Window(s) |
| Total Stories | 18 |
| Laundry Features | Stacked |
Exterior Features
| Lot Features | Paved |
|---|---|
| Lot Dimensions | 0x0 |
| Road Frontage Type | City Street |
| Parking Features | Additional Parking,Paved,Parking Lot |
| Building Area Total | 1379 |
| Waterfront Y/N | true |
| Road Responsibility | Public Maintained Road |
| Door Features | Storm Door(s) |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Pets
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Condos Average in 32408
Price
Taxes
Year Built
In The Neighborhood
Panama City
$ 634,900
6201 Thomas Drive 702
Panama City, FL 32408
- Type
- Condos
- Size
- 1,404 SqFt
- Rooms
- 2 Beds + 2 Baths
Panama City
$ 599,900
6201 Thomas Drive 609
Panama City, FL 32408
- Type
- Condos
- Size
- 1,404 SqFt
- Rooms
- 2 Beds + 2 Baths
Panama City
$ 685,000
6201 Thomas Drive 1607
Panama City, FL 32408
- Type
- Condos
- Size
- 1,441 SqFt
- Rooms
- 3 Beds + 3 Baths
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The 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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
