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Pending
  • Price cut: $100 (8/7)
    $574,900

    6201 Thomas Dr Unit 501, Panama City Beach, FL 32408

    2beds
    1,367sqft
    : 
    $4,807/mo
    Get pre-qualified
    Condominium
    Built in 1987
    -- sqft lot
    $552,200 Zestimate®
    $421/sqft
    $1,075/mo HOA

    What's special

    Beautifully renovated beachfront condominiumTennis courtsHot tubSpacious two-bedroom two-bath condoSpectacular floor-to-ceiling gulf viewsLarge beachfront swimming poolRefreshing sea breezes
    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. THIS END UNIT CONDO IS A STEAL!....PRICED AT JUST $575,000....WELL BELOW MARKET VALUE.. AVAILABLE TO SHOW ANYTIME.......Welcome to Watercrest 501--your private Gulf-front sanctuary in the heart of Panama City Beach. This beautifully renovated beachfront condominium offers breathtaking panoramic views of the emerald waters and sugar-white sands that have made the Emerald Coast famous.This spacious two-bedroom, two-bath condo has been totally renovated including new kitchen and baths. It has not been in a rental program, but is furnished and ready to go if that is what you would like and is an exceptional opportunity for both investors and those seeking their own beachfront escape. The moment you step inside, your attention is drawn to the spectacular floor-to-ceiling Gulf views. The expansive living area flows seamlessly onto the oversized wraparound balcony, where you'll enjoy uninterrupted vistas of the Gulf of Mexico, refreshing sea breezes, and unforgettable sunsets. Whether you're sipping your morning coffee, dining al fresco, or relaxing with an evening cocktail, this outdoor living space is simply extraordinary. A second private balcony provides additional outdoor enjoyment while overlooking the tennis courts, offering yet another peaceful retreat to enjoy Florida's beautiful weather. Watercrest is consistently recognized as one of Panama City Beach's premier Gulf-front resorts, offering an impressive selection of amenities including: Large beachfront swimming pool Hot tub Kiddie pool Fitness center Tennis courts Direct access to the pristine beaches of the Gulf Ideally located, Watercrest places you just minutes from exceptional restaurants, shopping, entertainment, golf, fishing, and many of Panama City Beach's most popular attractions. Whether you're searching for a high-performing investment property, a luxurious second home, or your own permanent beachfront residence, Watercrest 501 delivers on every level. With extensive renovations, spectacular Gulf views, and a truly turnkey condition, this is a rare opportunity to own one of the area's finest beachfront condominiums. Experience the beauty of Gulf-front living at Watercrest 501--where every sunrise inspires, every sunset captivates, and every day feels like a vacation.
    34 days
    136
    4

    Zillow last checked:

    Listing updated:

    Listed by:

    Daniel Peak 850-890-8884,

    Realty Mark Associates

    Source: CPAR,MLS#: 793252MLS 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
      • Level: First
      • Dimensions: 13 x 16
      Kitchen
      • Level: First
      • Dimensions: 11 x 10
      Living room
      • Level: First
      • Dimensions: 24 x 15
      Heating
      • Central
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Ice Maker
      Features
      • Main Level Primary
      Interior area
      • Total structure area: 1,367
      • Total interior livable area: 1,367 sqft

      Property

      Parking
      • Parking features: Paved, Parking Lot
      Features
      • Patio & porch: Balcony
      • Pool features: In Ground, Community
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      • Waterfront features: Gulf, Shoreline - Sand, Shoreline - Natural
      Details
      • Parcel number: 30585241000
      • 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, Phone Connected

      Community & HOA

      Community
      • Features: Barbecue, Beach, Elevator, Fitness Center, Game Room, Park, Pool, Tennis Court(s), Waterfront, Community Pool, Short Term Rental Allowed
      • Security: Building Security, Fire Escape, Fire Sprinkler System, Security Lights, Fire Alarm, Smoke Detector(s)
      • Subdivision: Watercrest Condo
      HOA
      • Has HOA: Yes
      • Amenities included: Beach Rights, Barbecue
      • Services included: Association Management, Clubhouse, Cable TV, Fitness Facility, Insurance, Internet, Legal/Accounting, Pest Control, Pool(s), Sewer, Security, Trash, Water
      • HOA fee: $3,224 quarterly
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $421/sqft
      • Tax assessed value: $581,749
      • Annual tax amount: $5,135
      • Date on market: 7/28/2026
      • Cumulative days on market: 32 days
      • Electric utility on property: Yes

        Estimated market value

        $552,200

        $525,000 - $580,000

        $2,477/mo

        Price history

        DateEventPrice
        8/17/2026Pending sale$574,900$421/sqft
        Source: CPAR #793252 Report a problem
        8/7/2026Price change$574,9000%$421/sqft
        Source: CPAR #793252 Report a problem
        7/28/2026Listed for sale$575,000+194.9%$421/sqft
        Source: CPAR #793252 Report a problem
        8/29/2013Sold$195,000-6.7%$143/sqft
        Source: CPAR #608485 Report a problem
        8/12/2013Price change$208,900-1.9%$153/sqft
        Source: Top Producers Real Estate Center #608485 Report a problem
        4/22/2013Listed for sale$213,000-7%$156/sqft
        Source: Top Producers Real Estate Center #608485 Report a problem
        2/24/2012Listing removed$229,000$168/sqft
        Source: Top Producers Real Estate Center #370885 Report a problem
        7/12/2011Price change$229,000-7.7%$168/sqft
        Source: Top Producers Real Estate Center #370885 Report a problem
        5/21/2011Listed for sale$248,000$181/sqft
        Source: Top Producers Real Estate Center #370885 Report a problem
        3/16/2011Listing removed$248,000$181/sqft
        Source: Listhub #370885 Report a problem
        3/13/2011Listed for sale$248,000-14.5%$181/sqft
        Source: Listhub #370885 Report a problem
        3/20/2003Sold$289,900$212/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$5,135 +13.2%$287,388 +10%
        2023$4,536 +23.4%$261,262 +10%
        2022$3,676 $237,511
        2021-- --
        2020$3,012 +16.1%$222,072 +7.1%
        2019$2,595 $207,357 -4%
        2018$2,595 -11%$215,919 +10%
        2017$2,914 +5.5%$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

        38 / 100
        Car-Dependent
        48 / 100
        Somewhat 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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