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For sale
  • Price cut: $29.9K (8/29)
    $650,000

    6201 Thomas Dr Unit 401, Panama City Beach, FL 32408

    2beds
    1,367sqft
    : 
    $5,295/mo
    Get pre-qualified
    Condominium
    Built in 1987
    -- sqft lot
    $626,400 Zestimate®
    $475/sqft
    $1,075/mo HOA

    What's special

    Wrap around balconyTennis courtsHot tubHeated poolBbq grillsNew exterior paintPickle ball court
    PRICE POINT LISTED UNDER VALUE!!!!!WELCOME TO YOUR NEW PERSONAL HOME OR INVESTMENT CONDO!!! 80-100K GROSS RETURN ON INVESTMENT PROJECTED depending on the use of the owner. See documents for actual rentals since January 2025. SUNRISE AND SUNSET VIEWS FROM YOUR BEDROOM TO THE MAIN LIVING AREA! WALK IN AND DO NOTHING BUT REST AND RELAX OR RENT AND RETURN! CASH YOUR MAILBOX MONEY NOW! THIS UNIT IS CURRENTLY ON THE RENTAL MARKET AND IS HEAVILY RENTED SO CALL FOR TURN DATES. DESIGNER FURNITURE AND ALL DECOR CONVEYS. Spectacular views of the Gulf with this gorgeous East end unit with WRAP AROUND BALCONY. This is a totally renovated condo from floor to ceiling. There are upgrades and personal touches to this condo that make it a stand out in the building. The condo building itself has had several big renovations in the last several years to include new hurricane windows and sliders....Current renovations as of January 2026 thru March 2026 which are fully funded by the reserves include new exterior paint, new balcony railings and renovation of balconies. The windows and slider doors, pool, pool deck and hot tub were also been renovated in the last 6 years. Watercrest Amenities include a heated pool, hot tub, kid's pool, BBQ grills, exercise room, conference room, tennis courts, Pickle Ball court, shuffleboard, and a poolside tiki bar. There are also on-site vending machines, an ice machine, and ATM. Across the street you will find over flow parking and a storage area for your jet skis, boat, or trailer. WATERCREST is close to many kid and adult activities as well as too many to count local restaurants and pubs. Walmart, Publix, Winn Dixie are just minutes from the complex. WONDER WHAT IS GOING ON NEXT DOOR TO WATERCREST? HADLEY'S BEACH..... NO OBSTRUCTION FROM THOSE NEW HOME BUILTS TO THIS CONDO. THESE WILL BE HOUSES NOT A HIGH RISE COMMUNITY. The HOA is onsite on the 3rd floor making it easy for owners to communicate. Don't miss out. The reserve and integrity study is too large to add to documents please have your agent request and I will email
    228 days
    187
    10

    Zillow last checked:

    Listing updated:

    Listed by:

    Sassy French 865-617-6184,

    Keller Williams Success Realty

    Source: CPAR,MLS#: 783667MLS LogoOriginating 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 Bedroom
      Primary bedroom
      • Description: Owner measured
      • Level: First
      • Dimensions: 13 x 16
      Kitchen
      • Description: Owner measured
      • Level: First
      • Dimensions: 11 x 10
      Living room
      • Description: Owner measured
      • Level: First
      • Dimensions: 24 x 15
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker
      Features
      • Balcony, Double Vanity, Main Level Primary, 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

      Parking
      • Parking features: Additional Parking, Parking Lot
      Features
      • Stories: 18
      • Patio & porch: Balcony
      • Exterior features: Barbecue
      • Pool features: Electric Heat, In Ground, Community
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      • Waterfront features: Gulf, Shoreline - Sand
      Details
      • Additional structures: Other, Tennis Court(s)
      • Parcel number: 30585231000
      • Zoning description: Resort
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: High Rise
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Stucco
      Condition
      • New construction: No
      • Year built: 1987

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Cable Connected, Electricity Available

      Community & HOA

      Community
      • Features: Beach, Fitness Center, Pool, Tennis Court(s), Barbecue, Community Pool, Short Term Rental Allowed
      • Security: Fire Sprinkler System, 24 Hour Security, Security Guard, Fire Alarm, Smoke Detector(s), Security Service
      • Subdivision: Watercrest Condo
      HOA
      • Has HOA: Yes
      • Amenities included: Other, See Remarks, Beach Rights, Barbecue
      • Services included: Association Management, Cable TV, Fitness Facility, Internet, Legal/Accounting, Maintenance Grounds, Other, Pool(s), Sewer, See Remarks, Security, Tennis Courts, Trash, Water
      • HOA fee: $3,224 quarterly
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $475/sqft
      • Tax assessed value: $581,749
      • Annual tax amount: $7,102
      • Date on market: 1/14/2026
      • Cumulative days on market: 229 days
      • Electric utility on property: Yes

        Estimated market value

        $626,400

        $595,000 - $658,000

        $2,477/mo

        Price history

        DateEventPrice
        8/29/2026Price change$650,000-4.4%$475/sqft
        Source: CPAR #783667 Report a problem
        8/7/2026Price change$679,900-2.9%$497/sqft
        Source: CPAR #783667 Report a problem
        7/18/2026Price change$700,000-3.4%$512/sqft
        Source: CPAR #783667 Report a problem
        7/7/2026Price change$725,000-2%$530/sqft
        Source: CPAR #783667 Report a problem
        2/1/2026Price change$739,900-1.3%$541/sqft
        Source: CPAR #783667 Report a problem
        1/14/2026Listed for sale$750,000+2%$549/sqft
        Source: CPAR #783667 Report a problem
        7/10/2024Sold$735,000+1.4%$538/sqft
        Source: CPAR #755115 Report a problem
        5/8/2024Pending sale$725,000$530/sqft
        Source: CPAR #755115 Report a problem
        4/11/2024Price change$725,000-3.3%$530/sqft
        Source: CPAR #755115 Report a problem
        4/2/2024Listed for sale$750,000+15.4%$549/sqft
        Source: CPAR #755115 Report a problem
        6/2/2022Sold$650,000-7.1%$475/sqft
        Source: CPAR #725636 Report a problem
        4/27/2022Pending sale$699,900$512/sqft
        Source: CPAR #725636 Report a problem
        4/25/2022Listed for sale$699,900+143.9%$512/sqft
        Source: CPAR #725636 Report a problem
        12/29/2017Sold$287,000-4.2%$210/sqft
        Source: CPAR #645962 Report a problem
        11/20/2017Pending sale$299,500$219/sqft
        Source: Jim Free Realty LLC #645962 Report a problem
        9/19/2017Price change$299,500-3.4%$219/sqft
        Source: Jim Free Realty LLC #645962 Report a problem
        5/19/2016Listed for sale$309,900+3.3%$227/sqft
        Source: Jim Free Realty LLC #645962 Report a problem
        6/9/2008Sold$300,000-3.2%$219/sqft
        Source: Public Record Report a problem
        2/27/2008Listing removed$310,000$227/sqft
        Source: NCI #355523 Report a problem
        2/3/2008Price change$310,000-27.9%$227/sqft
        Source: NCI #355523 Report a problem
        1/31/2008Listed for sale$430,000+77%$315/sqft
        Source: NCI #355523 Report a problem
        4/10/2000Sold$243,000$178/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$6,857 +12.2%$534,119 +10%
        2023$6,111 +182.7%$485,563 +119.2%
        2022$2,162 $221,549
        2021-- --
        2020$2,162 +1.6%$212,126 +2.3%
        2019$2,127 $207,357 -15%
        2018$2,127 -31.2%$243,950 +24.3%
        2017$3,094 +12%$196,290 +10%
        2016$2,762 +22%$178,445 +10%
        2015$2,264 $162,223 +10%
        2014$2,264 $147,475
        2013-- $147,475 +8.4%
        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

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Lower Grand Lagoon

        Getting around

        41 / 100
        Car-Dependent
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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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