*BEST PRICED UNIT AT WATERCRES Tby over $80k! #1405 Watercrest Condo at 6201 Thomas Dr. This 2-bedroom 2-bath Gulf Front condo has great views of the Gulf. ** The lowest Priced condo at Watercrest for just $495,000. ** This 14th floor condo is in the center of the building. Large totally private balcony can't be seen from any other unit. Recently remodeled with high-end finishes. Large Beautiful 2 Bedroom/2 Bath Gulf Front condo. This is a great location on the desirable East End of the Beach. (Quiet, less traffic and the Best Restaurants). With the large living room and dining area and boasting a whopping 1,379 sq. ft of floorspace, you have plenty of room for large family get togethers. This condo will give you the perfect place to make many wonderful memories. Watercrest is a very popular beach destination which makes this a very good investment property. Take a look at this condo today. (This building has passed the Milestone Inspections. All new exterior hurricane doors)
Pending
Price cut: $30K (8/11)
$495,000
6201 Thomas Dr Unit 1405, Panama City Beach, FL 32408
2beds
1,379sqft
Condominium
Built in 1987
-- sqft lot
$479,700 Zestimate®
$359/sqft
$1,081/mo HOA
What's special
- 162 days
- 277
- 12
Zillow last checked:
Listing updated:
Listed by:
Butch Metcalf 850-319-6324,
CitiStar Realty
Source: CPAR,MLS#: 787265
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Living Room, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 16 x 14
Bedroom
- Level: First
- Dimensions: 15 x 13
Living room
- Level: First
- Dimensions: 25 x 15
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: ENERGY STAR Qualified Appliances, Electric Oven, Electric Range
Features
- Main Level Primary, Shower Only, Home Theater
Interior area
- Total structure area: 1,379
- Total interior livable area: 1,379 sqft
Video & virtual tour
Property
Accessibility
- Accessibility features: Accessible Bedroom, Accessible Closets, Central Living Area
Features
- Patio & porch: Balcony, Deck
- Exterior features: Covered Patio, Deck
- Pool features: Community
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: Gulf, Shoreline - Sand
Lot
- Features: Paved
Details
- Parcel number: 30585325000
- Zoning description: Resid Multi-Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Condo
- Architectural style: High Rise
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Concrete
Condition
- New construction: No
- Year built: 1987
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available
Green energy
- Energy efficient items: Appliances
Community & HOA
Community
- Features: Beach, Clubhouse, Elevator, Media Room, Waterfront, Community Pool, Short Term Rental Allowed
- Subdivision: Watercrest Condo
HOA
- Has HOA: Yes
- Services included: Legal/Accounting, Pool(s), Recreation Facilities, Tennis Courts
- HOA fee: $3,244 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $359/sqft
- Tax assessed value: $586,856
- Annual tax amount: $7,164
- Date on market: 3/24/2026
- Cumulative days on market: 162 days
- Electric utility on property: Yes
Estimated market value
$479,700
$456,000 - $504,000
$2,374/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Pending sale | $495,000$359/sqft |
Source:  CPAR #787265 Report a problem | ||
| 8/11/2026 | Price change | $495,000-5.7%$359/sqft |
Source: CPAR #787265 Report a problem | ||
| 5/16/2026 | Price change | $525,000-10.3%$381/sqft |
Source: CPAR #787265 Report a problem | ||
| 4/20/2026 | Price change | $585,000-2.3%$424/sqft |
Source: CPAR #787265 Report a problem | ||
| 3/24/2026 | Listed for sale | $599,000+2.4%$434/sqft |
Source: CPAR #787265 Report a problem | ||
| 8/28/2025 | Listing removed | $585,000$424/sqft |
Source: CPAR #766013 Report a problem | ||
| 5/21/2025 | Price change | $585,000-10%$424/sqft |
Source: CPAR #766013 Report a problem | ||
| 3/18/2025 | Price change | $650,000-3.3%$471/sqft |
Source: CPAR #766013 Report a problem | ||
| 12/10/2024 | Listed for sale | $672,000+28%$487/sqft |
Source: CPAR #766013 Report a problem | ||
| 12/9/2022 | Sold | $525,000-9.3%$381/sqft |
Source: CPAR #730160 Report a problem | ||
| 11/16/2022 | Contingent | $579,000$420/sqft |
Source: CPAR #730160 Report a problem | ||
| 7/30/2022 | Listed for sale | $579,000+149.6%$420/sqft |
Source: CPAR #730160 Report a problem | ||
| 4/24/2015 | Sold | $232,000-1.3%$168/sqft |
Source: CPAR #626093 Report a problem | ||
| 3/5/2015 | Listed for sale | $235,000+27%$170/sqft |
Source: The Real Estate Book #626093 Report a problem | ||
| 6/6/2012 | Sold | $185,000-11.1%$134/sqft |
Source: Public Record Report a problem | ||
| 12/21/2011 | Listing removed | $208,000$151/sqft |
Source: Top Producers Real Estate Center #401752 Report a problem | ||
| 5/21/2011 | Listed for sale | $208,000$151/sqft |
Source: Top Producers Real Estate Center #401752 Report a problem | ||
| 3/16/2011 | Listing removed | $208,000$151/sqft |
Source: Listhub #401752 Report a problem | ||
| 3/13/2011 | Listed for sale | $208,000$151/sqft |
Source: Listhub #401752 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,252 +29.1% | $586,856 +31.5% |
| 2023 | $5,619 | $446,250 +120.3% |
| 2022 | -- | $202,610 |
| 2021 | -- | -- |
| 2020 | -- | $174,299 -9.2% |
| 2019 | -- | $192,010 -2.4% |
| 2018 | -- | $196,709 +2.1% |
| 2017 | -- | $192,663 +2.1% |
| 2016 | -- | $188,700 +24.5% |
| 2015 | $2,432 | $151,564 +10% |
| 2014 | $2,432 | $137,785 |
| 2013 | -- | $137,785 +0.9% |
| 2012 | -- | $136,521 +0.4% |
| 2011 | -- | $136,000 -25.6% |
| 2010 | -- | $182,750 -4.5% |
| 2009 | -- | $191,361 0% |
| 2008 | -- | $191,362 -17% |
| 2007 | -- | $230,421 -18% |
| 2006 | -- | $281,001 |
| 2005 | -- | $281,001 +39.1% |
| 2004 | -- | $202,001 |
| 2003 | -- | $202,001 +34.8% |
| 2002 | -- | $149,840 |
| 2001 | -- | $149,840 |
| 2000 | -- | $149,840 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Lower Grand Lagoon
Nearby schools
Schools provided by the listing agent
- Elementary: Patronis
- Middle: Surfside
- High: Arnold
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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