CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS.
Welcome to Watercrest 1510, a stunning beachfront retreat in the heart of Panama City Beach, Florida. Perfectly perched on the 15th floor, this luxurious two-bedroom, two-bath condominium delivers everything you envision when you picture coastal paradise--panoramic ocean views, warm Gulf breezes, and unforgettable sunsets over sugar-white sands! There is a third sleeping area with bunks that is generating additional rental revenue.
This property has a proven rental history, making it an outstanding investment and personal escape in one. Guests return year after year for its unbeatable location and sophisticated comfort. Recently refreshed with over $110,000 in renovations, Watercrest 1510 shines with style and attention to detail. Fresh finishes, modern furnishings, and an open-concept design showcase coastal elegance while maintaining easy, livable charm!
Step inside and you're immediately greeted by breathtaking, floor-to-ceiling views of the Gulf of Mexico. The light-filled living area opens directly to a wraparound balcony--a signature feature of this unit--offering nearly endless horizons and sea breezes from sunrise to sunset. There's space for morning coffee, leisurely lunches, or sunset cocktails as the sky transforms into shades of gold and coral. A second private balcony extends the outdoor living space, giving you multiple vantage points to take in the view and overlooking the tennis courts!
Inside, the kitchen features upgraded appliances, sleek countertops, and new cabinetry--designed for both beauty and functionality. The bedrooms are tranquil retreats, the master suite featuring direct balcony access and an oceanfront panorama that makes waking up feel extraordinary. Every corner has been curated for relaxation, from the luxurious bathrooms to the thoughtful coastal décor!
Watercrest is one of Panama City Beach's most desirable resorts, known for its prime beachfront location and array of amenities. Enjoy a large beachfront pool, hot tub, kiddie pool, fitness center, tennis courts, and direct access to the soft sands of the Gulf coast. The building is well-maintained and conveniently situated near top local attractions, dining, and entertainment--everything you or your guests could want within minutes!
Whether you're seeking an income-producing investment or a private oceanfront getaway, Watercrest 1510 delivers the best of both worlds: modern comfort, timeless views, and the ultimate Panama City Beach lifestyle. With turnkey upgrades, a strong rental record, and a setting built for memory-making, this is your chance to own a piece of Gulf Coast perfection!
Watercrest 1510--where every sunset feels like it was meant just for you!
Pending
Price cut: $100 (7/17)
$719,600
6201 Thomas Dr Unit 1510, Panama City Beach, FL 32408
2beds
1,367sqft
Condominium
Built in 1987
-- sqft lot
$685,100 Zestimate®
$526/sqft
$1,100/mo HOA
What's special
Fresh finishesWarm gulf breezesWraparound balconyStunning beachfront retreatTennis courtsLuxurious two-bedroom two-bath condominiumHot tub
- 131 days
- 32
- 2
Zillow last checked:
Listing updated:
Listed by:
Daniel Peak 850-890-8884,
Realty Mark Associates
Source: CPAR,MLS#: 788806
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Kitchen, Living Room, Primary Bathroom
Primary bathroom
- Level: First
- Dimensions: 13 x 16
Kitchen
- Level: First
- Dimensions: 11 x 10
Living room
- Level: First
- Dimensions: 24 x 15
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker
Features
- Balcony, Coffered Ceiling(s), Double Vanity, Main Level Primary, Smart Thermostat, Walk-In Closet(s)
- Doors: Storm Door(s)
- Windows: Storm Window(s)
Interior area
- Total structure area: 1,367
- Total interior livable area: 1,367 sqft
Property
Features
- Patio & porch: Balcony
- Has private pool: Yes
- Pool features: In Ground, Community, Private
- Spa features: Community
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: Gulf, Shoreline - Sand, Shoreline - Natural
Details
- Parcel number: 30585340000
- 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, Stucco
- Foundation: Pillar/Post/Pier
Condition
- New construction: No
- Year built: 1987
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Connected, Electricity Available, High Speed Internet Available
Community & HOA
Community
- Features: Barbecue, Beach, Conference/Meeting Room, Elevator, Fitness Center, Game Room, Pool, Tennis Court(s), Waterfront, Short Term Rental Allowed
- Security: Building Security, Fire Escape, Fire Sprinkler System, 24 Hour Security, Fire Alarm, Smoke Detector(s)
- Subdivision: Watercrest Condo
HOA
- Has HOA: Yes
- Amenities included: Beach Rights, Game Room, Spa/Hot Tub
- Services included: Association Management, Clubhouse, Fitness Facility, Insurance, Internet, Legal/Accounting, Maintenance Grounds, Pool(s), Sewer, Security, Tennis Courts, Trash, Water
- HOA fee: $3,299 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $526/sqft
- Tax assessed value: $581,749
- Annual tax amount: $6,801
- Date on market: 4/23/2026
- Cumulative days on market: 96 days
- Electric utility on property: Yes
Estimated market value
$685,100
$651,000 - $719,000
$2,358/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/27/2026 | Pending sale | $719,600$526/sqft |
Source: | ||
| 7/17/2026 | Price change | $719,6000%$526/sqft |
Source: | ||
| 7/3/2026 | Price change | $719,7000%$526/sqft |
Source: | ||
| 6/15/2026 | Price change | $719,8000%$527/sqft |
Source: | ||
| 6/5/2026 | Price change | $719,9000%$527/sqft |
Source: | ||
| 4/23/2026 | Listed for sale | $720,000-2%$527/sqft |
Source: | ||
| 1/1/2026 | Listing removed | $735,000$538/sqft |
Source: | ||
| 10/28/2025 | Listed for sale | $735,000$538/sqft |
Source: | ||
| 9/25/2025 | Listing removed | $735,000$538/sqft |
Source: | ||
| 3/15/2025 | Price change | $735,000-2%$538/sqft |
Source: | ||
| 2/18/2025 | Price change | $750,000-3.8%$549/sqft |
Source: | ||
| 11/16/2024 | Price change | $780,000-0.6%$571/sqft |
Source: | ||
| 10/10/2024 | Price change | $785,000-1.9%$574/sqft |
Source: | ||
| 9/29/2024 | Listed for sale | $800,000+77.8%$585/sqft |
Source: | ||
| 7/2/2021 | Sold | $450,000+0.2%$329/sqft |
Source: Public Record Report a problem | ||
| 5/3/2021 | Pending sale | $449,000$328/sqft |
Source: | ||
| 5/1/2021 | Price change | $449,000-6.3%$328/sqft |
Source: | ||
| 4/21/2021 | Listed for sale | $479,000$350/sqft |
Source: | ||
| 4/14/2021 | Contingent | $479,000$350/sqft |
Source: | ||
| 4/14/2021 | Listed for sale | $479,000+110.1%$350/sqft |
Source: | ||
| 5/12/2010 | Listing removed | $228,000$167/sqft |
Source: Prudential Shimmering Sands Realty #399515 Report a problem | ||
| 5/4/2010 | Listed for sale | $228,000+14%$167/sqft |
Source: Prudential Shimmering Sands Realty #399515 Report a problem | ||
| 1/20/2010 | Sold | $200,000-31.6%$146/sqft |
Source: Public Record Report a problem | ||
| 6/12/2009 | Listing removed | $292,500$214/sqft |
Source: Postlets #392325 Report a problem | ||
| 3/13/2009 | Listed for sale | $292,500$214/sqft |
Source: Postlets #392325 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,499 +12.4% | $482,881 +10% |
| 2023 | $5,784 +24.2% | $438,983 +10% |
| 2022 | $4,656 | $399,075 |
| 2021 | -- | -- |
| 2020 | $1,182 -17.8% | $131,625 -13% |
| 2019 | $1,438 | $151,371 +1.9% |
| 2018 | $1,438 +0.8% | $148,549 +2.1% |
| 2017 | $1,427 +1.8% | $145,494 +2.1% |
| 2016 | $1,402 -1.3% | $142,501 +0.7% |
| 2015 | $1,420 | $141,510 +0.8% |
| 2014 | $1,420 | $140,387 +1.5% |
| 2013 | -- | $138,312 +1.7% |
| 2012 | -- | $136,000 -20% |
| 2011 | -- | $170,000 |
| 2010 | -- | $170,000 -20.8% |
| 2009 | -- | $214,619 -24.4% |
| 2008 | -- | $283,978 -17% |
| 2007 | -- | $341,941 -18% |
| 2006 | -- | $417,001 |
| 2005 | -- | $417,001 +81.3% |
| 2004 | -- | $230,001 |
| 2003 | -- | $230,001 +25.8% |
| 2002 | -- | $182,875 |
| 2001 | -- | $182,875 |
| 2000 | -- | $182,875 |
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.






