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
For sale
Price cut: $29.9K (8/29)
$650,000
6201 Thomas Dr Unit 401, Panama City Beach, FL 32408
2beds
1,367sqft
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
- 228 days
- 187
- 10
Zillow last checked:
Listing updated:
Listed by:
Sassy French 865-617-6184,
Keller Williams Success Realty
Source: CPAR,MLS#: 783667
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 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
| Date | Event | Price |
|---|---|---|
| 8/29/2026 | Price change | $650,000-4.4%$475/sqft |
Source: | ||
| 8/7/2026 | Price change | $679,900-2.9%$497/sqft |
Source: | ||
| 7/18/2026 | Price change | $700,000-3.4%$512/sqft |
Source: | ||
| 7/7/2026 | Price change | $725,000-2%$530/sqft |
Source: | ||
| 2/1/2026 | Price change | $739,900-1.3%$541/sqft |
Source: | ||
| 1/14/2026 | Listed for sale | $750,000+2%$549/sqft |
Source: | ||
| 7/10/2024 | Sold | $735,000+1.4%$538/sqft |
Source: | ||
| 5/8/2024 | Pending sale | $725,000$530/sqft |
Source: | ||
| 4/11/2024 | Price change | $725,000-3.3%$530/sqft |
Source: | ||
| 4/2/2024 | Listed for sale | $750,000+15.4%$549/sqft |
Source: | ||
| 6/2/2022 | Sold | $650,000-7.1%$475/sqft |
Source: | ||
| 4/27/2022 | Pending sale | $699,900$512/sqft |
Source: | ||
| 4/25/2022 | Listed for sale | $699,900+143.9%$512/sqft |
Source: | ||
| 12/29/2017 | Sold | $287,000-4.2%$210/sqft |
Source: | ||
| 11/20/2017 | Pending sale | $299,500$219/sqft |
Source: Jim Free Realty LLC #645962 Report a problem | ||
| 9/19/2017 | Price change | $299,500-3.4%$219/sqft |
Source: Jim Free Realty LLC #645962 Report a problem | ||
| 5/19/2016 | Listed for sale | $309,900+3.3%$227/sqft |
Source: Jim Free Realty LLC #645962 Report a problem | ||
| 6/9/2008 | Sold | $300,000-3.2%$219/sqft |
Source: Public Record Report a problem | ||
| 2/27/2008 | Listing removed | $310,000$227/sqft |
Source: NCI #355523 Report a problem | ||
| 2/3/2008 | Price change | $310,000-27.9%$227/sqft |
Source: NCI #355523 Report a problem | ||
| 1/31/2008 | Listed for sale | $430,000+77%$315/sqft |
Source: NCI #355523 Report a problem | ||
| 4/10/2000 | Sold | $243,000$178/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
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.








