Welcome to Watercrest 702 -- a beautifully maintained 2-bedroom, 2-bath Gulf-front condo offering stunning views and effortless coastal living. Located on a desirable lower floor, this residence provides the perfect balance of convenience and breathtaking scenery, with the soothing sights and sounds of the Gulf just steps away.
Inside, the condo features luxury vinyl plank flooring throughout, complemented by granite countertops and a stylish tile backsplash in the kitchen, creating a clean and modern coastal aesthetic. The spacious layout comfortably sleeps up to 8 guests, making it ideal as a private getaway or a future income-producing property. Notably, this unit has never been on the short-term rental market and has been lovingly cared for as a secondary home.
The primary bedroom is perfectly positioned on the Gulf side, allowing you to wake up to sweeping water views and direct balcony access. The open living and dining areas flow seamlessly onto the balcony, offering the perfect spot to relax and take in the incredible beachfront scenery.
Watercrest has undergone significant recent upgrades, enhancing both value and peace of mind. Improvements include new hurricane-impact windows and sliders, along with Spring 2026 renovations featuring fresh exterior paint, new balcony railings, and fully updated balconies. The pool area has also been revitalized, including a renovated pool, pool deck, and hot tub.
Residents and guests enjoy an impressive array of amenities, including a heated beachfront pool, hot tub, kiddie pool, BBQ grills, fitness center, conference room, tennis courts, pickleball court, shuffleboard, and a lively poolside tiki bar. Additional conveniences include on-site vending machines, an ice machine, and an ATM. Across the street, overflow parking and storage are available for boats, jet skis, and trailers.
Watercrest is ideally located near a wide variety of restaurants, entertainment options, and family-friendly activities. Everyday essentials are just minutes away with Walmart, Publix, and Winn-Dixie nearby.
An added bonus -- the neighboring development, Hadley's Beach, will consist of single-family homes, ensuring no high-rise obstruction to your incredible views.
With the HOA conveniently located onsite on the third floor, communication and management are easily accessible.
Don't miss this opportunity to own a beautifully updated Gulf-front condo in one of the area's most desirable communities.
For sale
$634,900
6201 Thomas Dr Unit 702, Panama City Beach, FL 32408
2beds
1,404sqft
Condominium
Built in 1987
-- sqft lot
$599,900 Zestimate®
$452/sqft
$1,100/mo HOA
What's special
Tennis courtsHot tubDirect balcony accessStunning viewsBbq grillsGranite countertopsLively poolside tiki bar
- 30 days
- 265
- 21
Zillow last checked:
Listing updated:
Listed by:
Sassy French 865-617-6184,
Keller Williams Success Realty
Source: CPAR,MLS#: 793441
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Dining Room, Family Room, Full Bath, Kitchen, Primary Bathroom, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 13.8 x 15.9
Bedroom
- Level: First
- Dimensions: 13.8 x 15.9
Primary bathroom
- Level: First
- Dimensions: 7.6 x 210
Dining room
- Level: First
- Dimensions: 15.3 x 11.4
Family room
- Level: First
- Dimensions: 15.3 x 13.3
Other
- Level: First
- Dimensions: 9.5 x 2.7
Kitchen
- Level: First
- Dimensions: 15.3 x 911
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Washer/Dryer Stacked, Electric Cooktop, Electric Oven
- Laundry: Stacked
Features
- Balcony, Double Vanity, Main Level Primary, Tub Shower
- Doors: Storm Door(s)
- Windows: Storm Window(s), Tinted Windows
Interior area
- Total structure area: 1,404
- Total interior livable area: 1,404 sqft
Property
Parking
- Parking features: No Garage, Paved, Parking Lot
Features
- Stories: 18
- Patio & porch: Balcony
- Pool features: Fenced, Electric Heat, In Ground, Community
- Spa features: Community
- Has view: Yes
- View description: Gulf, Water
- Has water view: Yes
- Water view: Gulf,Water
- Waterfront features: Gulf, Shoreline - Sand
Lot
- Features: Sprinkler System, Paved
Details
- Additional structures: Other, Tennis Court(s)
- Parcel number: 30585262000
- Zoning description: City
- 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: Barbecue, Beach, Conference/Meeting Room, Elevator, Fitness Center, Park, Pool, Tennis Court(s), Waterfront, Community Pool, Short Term Rental Allowed
- Security: Building 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: Beach Rights, Barbecue
- Services included: Association Management, Cable TV, Electricity, Fitness Facility, 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: $452/sqft
- Tax assessed value: $597,495
- Annual tax amount: $5,342
- Date on market: 8/1/2026
- Electric utility on property: Yes
Estimated market value
$599,900
$570,000 - $630,000
$2,579/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2026 | Listed for sale | $634,900+235.9%$452/sqft |
Source: | ||
| 8/16/2013 | Sold | $189,000-10%$135/sqft |
Source: | ||
| 5/23/2013 | Listed for sale | $210,000-6.6%$150/sqft |
Source: Jim Free Realty #609396 Report a problem | ||
| 3/2/2011 | Listing removed | $224,900$160/sqft |
Source: Miller & Associates Realty #406883 Report a problem | ||
| 1/23/2011 | Price change | $224,900-6.3%$160/sqft |
Source: Miller & Associates Realty #406883 Report a problem | ||
| 1/20/2011 | Price change | $239,900+6.7%$171/sqft |
Source: Miller & Associates Realty #406883 Report a problem | ||
| 5/30/2010 | Listed for sale | $224,900-12.8%$160/sqft |
Source: Miller & Associates Realty #406883 Report a problem | ||
| 3/27/2010 | Listing removed | $258,000$184/sqft |
Source: Miller & Associates Realty #396923 Report a problem | ||
| 9/6/2009 | Listed for sale | $258,000$184/sqft |
Source: Miller & Associates Realty #396923 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,380 +11.7% | $310,556 +10% |
| 2023 | $4,818 +21% | $282,324 +10% |
| 2022 | $3,982 | $256,658 |
| 2021 | -- | -- |
| 2020 | $3,151 +26.9% | $218,159 +10% |
| 2019 | $2,483 | $198,326 -15% |
| 2018 | $2,483 -16.1% | $233,325 +7.9% |
| 2017 | $2,961 +7% | $216,325 +9.5% |
| 2016 | $2,766 +7.5% | $197,472 +10% |
| 2015 | $2,572 | $179,520 +10% |
| 2014 | $2,572 | $163,200 +7.6% |
| 2013 | -- | $151,632 +9.1% |
| 2012 | -- | $138,996 -16.1% |
| 2011 | -- | $165,750 -19.9% |
| 2010 | -- | $207,048 -6.1% |
| 2009 | -- | $220,428 -23.1% |
| 2008 | -- | $286,702 -17% |
| 2007 | -- | $345,221 -18% |
| 2006 | -- | $421,001 |
| 2005 | -- | $421,001 +85.5% |
| 2004 | -- | $227,001 |
| 2003 | -- | $227,001 +51.5% |
| 2002 | -- | $149,840 |
| 2001 | -- | $149,840 |
| 2000 | -- | $149,840 |
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.







