6201 Thomas Drive 401, Panama City, FL 32408

$725,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,367 Status: Active
Current Price: $725,000 List Date: 1/14/2026 Last Modified: 7/07/2026

Overview

Description

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 ra

Listing Details MLS# 783667

Contract Info

List Price/SqFt
530.36

Location

Area
03 – Bay County – Beach
Street #
6201
Street Name
Thomas
Street Suffix
Drive
Unit #
401
State
FL
Zip Code
32408
County
Bay
Sub Area
0323 – Beach – South of Grand Lagoon
Subdivision
Watercrest Condo
Community/Resort
None
Waterfront
Yes
Gulf Access
Yes
Parcel ID
30585-231-000
Elementary School
Patronis
Middle School
Surfside
High School
Arnold
Directions
From the Hathaway bridge travel south on Navy Drive, go past the curve where Newby's is at and continue on for about a mile. Watercrest will be on your left. Look for the big green ''W'' on the front of the building.
Legal Description
WATERCREST CONDO UNIT 401 (TYPE A) ORB 1149 P 1677 2BR 2B 1367 H&C ORB 4573 P 2318

General Property Info

Sub-Type
Condominium
Floor Number
4
Design
High-Rise (8+ floors)
Apx SqFt(Htd/Cooled)
1367
SqFt Source
Prop App Site
Full Baths
2
Total Baths
2
# of Stories in Building
18
# of Units in Bldg
174
Year Built
1987
Immediate Occupancy
Yes
Construction Status
Construction Complete
New Construction
No
Garage Y/N
No
Lot Dimensions
0x0
Pool
Yes
Pool Type
Community

Listing Info, Tax and Legal

HOA Fee
Yes
HOA Amount
3224.13
HOA Frequency
Quarterly
HOA Annual Amount
12896.52
New Buyer Fee
No
Last Taxes
7102
Last Tax Year
2025
Brokerage Interest
No Interest
As Is
Yes
Condo Doc
Yes

Remarks & Misc

Remarks
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

Pool Features

Heated – Electric
Yes
Inground
Yes
Spa/ Hot Tub
Yes

More Information

Appliances

Cooktop – Electric
Yes
Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Ice Maker
Yes
Microwave
Yes
Oven – Electric
Yes
Refrigerator
Yes
Washer
Yes
Water Heater – Electric
Yes

Interior Features

Ceiling – Raised
Yes
Fireplace
Yes
Floor – Tile
Yes
Lighting – Recessed
Yes
Pantry
Yes
Window – Treatment All
Yes

Construction/Siding

Siding – Stucco
Yes

Exterior

Balcony
Yes
Built-in Barbecue/Grill
Yes
Storm Doors
Yes
Storm Windows
Yes

Waterfront Feature

Shore – Beach
Yes

Other Structures

Tennis Court(s)
Yes
Other
Yes

Association Fees Include

Accounting
Yes
BBQ Pit/Grill
Yes
Beach
Yes
Exercise Room
Yes
Ground Keeping
Yes
Internet Service
Yes
Internet-WiFi
Yes
Management
Yes
Pool
Yes
Security
Yes
Sewer
Yes
Tennis
Yes
Trash Disposal
Yes
TV Cable
Yes
Water
Yes
Other – See Remarks
Yes

Financing

Cash
Yes
Conventional
Yes
Other
Yes

Furnished

Furnished
Yes

Kitchen

First
Yes

Living Room

First
Yes

Lot Features

Waterfront
Yes
Within 1/2 Mile to Water
Yes

Lot Access

City Street
Yes

Parking Features

Additional Parking
Yes
Parking Lot
Yes

Present Zoning

Resort
Yes

Association Amenities

Beach
Yes
Exercise Room
Yes
Pool
Yes
Security-24 hour
Yes
Tennis
Yes
Other – See Remarks
Yes

Rooms

Kitchen
Yes
Living Room
Yes
Primary Bedroom
Yes

Utilities

TV Cable
Yes
Public Sewer – Connected
Yes
Public Water – Connected
Yes
Other – See Remarks
Yes

Waterview

Gulf
Yes

Sale Type

As Is
Yes

Waterfront Type

Gulf
Yes

Primary Bedroom

First
Yes

Cooling

Central Air
Yes
Electric
Yes

Heating

Central
Yes
Electric
Yes

Primary Bdrm/Primary Bath

MBath Double Vanity
Yes
MBath Shower Only
Yes
MBed Balcony
Yes
MBed Walk-in Closet
Yes

Security Features

24 Hour Security
Yes
Fire Alarm
Yes
Fire Sprinkler System
Yes
Security Guard
Yes
Smoke Detector(s)
Yes

Property Features

Appliances: Cooktop – Electric; Dishwasher; Disposal; Dryer; Ice Maker; Microwave; Oven – Electric; Refrigerator; Washer; Water Heater – Electric Primary Bedroom: First Cooling: Central Air; Electric Heating: Central; Electric Exterior: Balcony; Built-in Barbecue/Grill; Storm Doors; Storm Windows Association Fees Include: Accounting; BBQ Pit/Grill; Beach; TV Cable; Exercise Room; Internet Service; Internet-WiFi; Ground Keeping; Management; Pool; Security; Sewer; Tennis; Trash Disposal; Water; Other – See Remarks Financing: Cash; Conventional; Other Furnished: Furnished Kitchen: First Living Room: First Lot Features: Waterfront; Within 1/2 Mile to Water Lot Access: City Street Pool Features: Heated – Electric; Inground; Spa/ Hot Tub Security Features: 24 Hour Security; Fire Alarm; Fire Sprinkler System; Security Guard; Smoke Detector(s) Parking Features: Additional Parking; Parking Lot Other Structures: Tennis Court(s); Other Association Amenities: Beach; Exercise Room; Pool; Security-24 hour; Tennis; Other – See Remarks Rooms: Kitchen; Living Room; Primary Bedroom Sale Type: As Is Utilities: TV Cable; Public Sewer – Connected; Public Water – Connected; Other – See Remarks Waterfront Type: Gulf Waterfront Feature: Shore – Beach Waterview: Gulf Present Zoning: Resort

Room Information

Room Name Level Dimensions Length Width Remarks
Primary Bedroom First 13 x 16 13.00 16.00 Owner measured
Living Room First 24 x 15 24.00 15.00 Owner measured
Kitchen First 11 x 10 11.00 10.00 Owner measured
Listing Office: Keller Williams Success Realty
Last Updated: July – 07 – 2026
Information deemed reliable but not guaranteed.