Property Attributes
- MLS#793441
- TypeCondos
- Listing Status Active
- CountyBay
- CityPanama City
- Area03 - Bay County - Beach
- NeighborhoodWatercrest Condo
- Zip32408
- Style
- Year Built1987
- Taxes$ 5342
- Price$ 634,900
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1404
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
Welcome to Watercrest 702 -- a beautifully maintained 2-bedroom, 2-bath Gulf-front condo offering stunning views and effortless coastal living. Located on a desirable lower floor, this residence provides the perfect balance of convenience and breathtaking scenery, with the soothing sights and sounds of the Gulf just steps away. Inside, the condo features luxury vinyl plank flooring throughout, complemented by granite countertops and a stylish tile backsplash in the kitchen, creating a clean and modern coastal aesthetic. The spacious layout comfortably sleeps up to 8 guests, making it ideal as a private getaway or a future income-producing property. Notably, this unit has never been on the short-term rental market and has been lovingly cared for as a secondary home. The primary bedroom is perfectly positioned on the Gulf side, allowing you to wake up to sweeping water views and direct balcony access. The open living and dining areas flow seamlessly onto the balcony, offering the perfect spot to relax and take in the incredible beachfront scenery. Watercrest has undergone significant recent upgrades, enhancing both value and peace of mind. Improvements include new hurricane-impact windows and sliders, along with Spring 2026 renovations featuring fresh exterior paint, new balcony railings, and fully updated balconies. The pool area has also been revitalized, including a renovated pool, pool deck, and hot tub. Residents and guests enjoy an impressive array of amenities, including a heated beachfront pool, hot tub, kiddie pool, BBQ grills, fitness center, conference room, tennis courts, pickleball court, shuffleboard, and a lively poolside tiki bar. Additional conveniences include on-site vending machines, an ice machine, and an ATM. Across the street, overflow parking and storage are available for boats, jet skis, and trailers. Watercrest is ideally located near a wide variety of restaurants, entertainment options, and family-friendly activities. Everyday essentials are just minutes away with Walmart, Publix, and Winn-Dixie nearby. An added bonus -- the neighboring development, Hadley's Beach, will consist of single-family homes, ensuring no high-rise obstruction to your incredible views. With the HOA conveniently located onsite on the third floor, communication and management are easily accessible. Don't miss this opportunity to own a beautifully updated Gulf-front condo in one of the area's most desirable communities.
| Elementary School | Middle School | High School |
|---|---|---|
| Patronis Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 8/1/2026 | Listed $634,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Cable Connected,Electricity Available |
| Property Subtype | Condominium |
| Tax Year | 2025 |
| Community Features | Barbecue,Beach,Conference/Meeting Room,Elevator,Fitness Center,Park,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 | 5342.7 |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 0323 - Beach - South of Grand Lagoon |
| Standard Status | Active |
| Property Sub Type Additional | Condominium |
| Association Amenities | Beach Rights,Barbecue |
| Other Structures | Other,Tennis Court(s) |
| Occupancy Type | Tenant |
| Waterfront Features | Gulf,Shoreline - Sand |
| Year Built | 1987 |
| Association Fee Includes | Association Management,Cable TV,Electricity,Fitness Facility,Internet,Legal/Accounting,Maintenance Grounds,Pool(s),Sewer,Security,Tennis Courts,Trash,Water |
| Heating | Central,Electric |
| Cooling | Central Air,Ceiling Fan(s) |
| Appliances | Washer/Dryer Stacked,Electric Cooktop,Electric Oven |
| Patio/Porch Features | Balcony |
| Construction Materials | Stucco |
| View | Gulf,Water |
| Attached Garage | false |
| Garage Y/N | false |
| Total Rooms | 7 |
| Full Baths | 2 |
| Architectural Style | High Rise |
| Stories Count | 18 |
| HOA Fee | 3298.59 |
| 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 | 702 |
| 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),Tinted Windows |
| Total Stories | 18 |
| Laundry Features | Stacked |
Exterior Features
| Lot Features | Sprinkler System,Paved |
|---|---|
| Lot Dimensions | 0x0 |
| Road Frontage Type | City Street |
| Parking Features | No Garage,Paved,Parking Lot |
| Building Area Total | 1404 |
| 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
In The Neighborhood
Panama City
$ 599,900
- Type
- Condos
- Size
- 1,404 SqFt
- Rooms
- 2 Beds + 2 Baths
Panama City
$ 569,500
- Type
- Condos
- Size
- 1,379 SqFt
- Rooms
- 2 Beds + 2 Baths
Panama City
$ 685,000
- 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