If you've been searching for the perfect beachfront condo on Panama City Beach, your opportunity has arrived. Welcome to Unit 1607 at Watercrest--one of the most sought-after addresses on the Emerald Coast.
Spanning 1,441 square feet, this 3-bedroom, open-concept residence offers a rare combination of space, layout, and views that discerning buyers are always chasing--and seldom find. Positioned in the highly coveted ''07 stack,'' this unit boasts more direct Gulf-front windows than nearly any other in the building, flooding the interior with natural light and showcasing truly panoramic, unobstructed views of the emerald waters and sugar-white sands.
Step outside to what is arguably one of the most impressive balconies on the beach. Expansive and built for entertaining, this Gulf-front terrace can comfortably host 20+ guests--perfect for sunset gatherings, coastal breezes, and unforgettable evenings overlooking miles of pristine shoreline.
Located on the 16th floor, this unit strikes the ideal balance: high enough for sweeping, private views, yet low enough to keep you connected to the pool, beach, and shoreline activity--without the noise of lower levels. It's a perspective both owners and guests consistently prefer.
Now, here's where the opportunity becomes truly compelling: this condo is priced $75,000 below market value, giving you the rare chance to create a fully customized beachfront retreat tailored to your exact taste. Instead of settling for someone else's design choices, you can transform this already exceptional space into a modern coastal showpiece--while instantly building equity.
Watercrest is widely regarded as one of the premier Gulf-front communities on Panama City Beach, and inventory in this building--especially in this stack and layout--is extremely limited.
Whether you're seeking a luxury personal escape, a high-demand rental investment, or both, this property delivers location, layout, views, and upside in one compelling package.
Opportunities like this don't wait--and neither should you. Secure your place on the beach and turn this exceptional value into your own one-of-a-kind coastal masterpiece!
For sale
Price cut: $14.6K (8/31)
$685,000
6201 Thomas Dr Unit 1607, Panama City Beach, FL 32408
3beds
1,441sqft
Condominium
Built in 1987
-- sqft lot
$660,900 Zestimate®
$475/sqft
$1,126/mo HOA
What's special
- 160 days
- 233
- 9
Zillow last checked:
Listing updated:
Listed by:
Daniel Peak 850-890-8884,
Realty Mark Associates
Source: CPAR,MLS#: 787342
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Bedroom, Full Bath, Kitchen, Primary Bathroom, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 14 x 13
Bedroom
- Level: First
- Dimensions: 14 x 13
Bedroom
- Level: First
- Dimensions: 14 x 13
Primary bathroom
- Level: First
- Dimensions: 6 x 7
Other
- Level: First
- Dimensions: 7 x 6
Other
- Level: First
- Dimensions: 6 x 7
Kitchen
- Level: First
- Dimensions: 12 x 11
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Oven, Electric Range, Electric Water Heater, Ice Maker
Features
- Main Level Primary
Interior area
- Total structure area: 1,441
- Total interior livable area: 1,441 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Patio & porch: Balcony
- Pool features: Gas Heat, In Ground, Community
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: Gulf, Shoreline - Sand, Shoreline - Natural
Details
- Additional structures: Tennis Court(s)
- Parcel number: 30585347000
- 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, Steel Frame, 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, Phone Connected, Underground Utilities, Phone Available
Community & HOA
Community
- Features: Barbecue, Beach, Clubhouse, Elevator, Fitness Center, Fishing, Game Room, Pool, Tennis Court(s), Community Pool, Short Term Rental Allowed
- Security: Building Security, Fire Escape, Fire Alarm, Smoke Detector(s), Security Service
- Subdivision: Watercrest Condo
HOA
- Has HOA: Yes
- Amenities included: Beach Rights, Game Room
- Services included: Association Management, Clubhouse, Cable TV, Fitness Facility, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Phone, Sewer, Security, Trash, Water
- HOA fee: $3,378 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $475/sqft
- Tax assessed value: $613,241
- Annual tax amount: $6,187
- Date on market: 8/31/2026
- Cumulative days on market: 161 days
- Electric utility on property: Yes
Estimated market value
$660,900
$628,000 - $694,000
$2,947/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Price change | $685,000-2.1%$475/sqft |
Source:  CPAR #787342 Report a problem | ||
| 8/24/2026 | Pending sale | $699,600$485/sqft |
Source: CPAR #787342 Report a problem | ||
| 8/21/2026 | Price change | $699,6000%$485/sqft |
Source: CPAR #787342 Report a problem | ||
| 8/7/2026 | Price change | $699,7000%$486/sqft |
Source: CPAR #787342 Report a problem | ||
| 7/17/2026 | Price change | $699,8000%$486/sqft |
Source: CPAR #787342 Report a problem | ||
| 7/3/2026 | Price change | $699,900-3.4%$486/sqft |
Source: CPAR #787342 Report a problem | ||
| 6/15/2026 | Price change | $724,8000%$503/sqft |
Source: CPAR #787342 Report a problem | ||
| 6/5/2026 | Price change | $724,9000%$503/sqft |
Source: CPAR #787342 Report a problem | ||
| 3/25/2026 | Listed for sale | $725,000+142.5%$503/sqft |
Source: CPAR #787342 Report a problem | ||
| 8/19/2014 | Sold | $299,000-2.9%$207/sqft |
Source: CPAR #619574 Report a problem | ||
| 4/26/2014 | Listed for sale | $308,000+14.1%$214/sqft |
Source: Jim Free Realty #619574 Report a problem | ||
| 4/1/2002 | Sold | $270,000$187/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,955 -3.6% | $380,966 +10% |
| 2023 | $6,176 +31.3% | $346,333 +10% |
| 2022 | $4,702 | $314,848 |
| 2021 | -- | -- |
| 2020 | $3,499 +15.2% | $267,620 +10% |
| 2019 | $3,037 | $243,291 -15% |
| 2018 | $3,037 -16.2% | $286,225 +5.2% |
| 2017 | $3,623 +4.5% | $272,000 +6.7% |
| 2016 | $3,468 +5.8% | $255,000 +3.9% |
| 2015 | $3,279 | $245,438 +37.8% |
| 2014 | $3,279 | $178,054 |
| 2013 | -- | $178,054 -2.8% |
| 2012 | -- | $183,230 -7.7% |
| 2011 | -- | $198,581 -11% |
| 2010 | -- | $223,125 -6.1% |
| 2009 | -- | $237,549 -25.5% |
| 2008 | -- | $318,709 -17% |
| 2007 | -- | $383,761 -18% |
| 2006 | -- | $468,001 |
| 2005 | -- | $468,001 +88% |
| 2004 | -- | $249,001 |
| 2003 | -- | $249,001 +27.3% |
| 2002 | -- | $195,560 |
| 2001 | -- | $195,560 |
| 2000 | -- | $195,560 |
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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