6201 Thomas Drive 406, Panama City, FL 32408
$575,000
Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
1,379
Status:
Active
Current Price:
$575,000
List Date:
5/09/2026
Last Modified:
8/04/2026
Overview
Description
…
(Read more)
WANT TO BE LESS THAN A MILE TO THE NEW TOOTSIES?????? WATERCREST 406 IS WHERE ITS AT!!! Wake up to the sound of waves and step directly onto the sugar-white sands of Panama City Beach from this beautifully positioned beachfront condo. Located on a desirable low floor, this residence offers effortless access while still delivering sweeping Gulf views and the coastal lifestyle buyers seek.
The spacious floor plan is designed for comfort and functionality, featuring large bedrooms and a highly sought-after master suite positioned directly on the Gulf. Wake up each morning to panoramic water views and enjoy private balcony access from your own retreat. A separate laundry room adds everyday convenience, while the generous living and dining areas create the perfect space for entertaining family and guests.
This building has undergone extensive upgrades, giving buyers peace of mind and modern appeal. Recent improvements include fresh exterior paint, new balcony railings, resurfaced patios, and a newly refinished heated pool–perfect for year-round enjoyment. Even better, there are no current special assessments, and the property has successfully met all required milestones and reserve study standards.
Accessibility is enhanced with private elevators located on both the east and west ends of the building, servicing up to the 6th floor for added convenience and privacy.
For investors, this property presents an exceptional opportunity. Short-term rentals are allowed, with projected annual rental income ranging from $70,000 to $90,000 depending on owner usage, making it both a luxurious getaway and a strong income-producing asset.
Whether you’re searching for a primary residence, vacation home, or high-performing rental property, this beachfront condo offers the perfect blend of location, lifestyle, and value on one of Florida’s most iconic coastlines.
Listing Details MLS# 789656
Contract Info
- List Price/SqFt
- 416.97
Location
- Area
- 03 – Bay County – Beach
- Street #
- 6201
- Street Name
- Thomas
- Street Suffix
- Drive
- Unit #
- 406
- 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
- 30585-236-000
- 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 406 (TYPE E) ORB 3024 P 1348 ORB 3051 2BR 2B 1379 H&C P 1760
General Property Info
- Sub-Type
- Condominium
- Floor Number
- 4
- Design
- High-Rise (8+ floors)
- Apx SqFt(Htd/Cooled)
- 1379
- SqFt Source
- Prop App Site
- Full Baths
- 2
- Total Baths
- 2
- # of Stories in Building
- 18
- # of Units in Bldg
- 174
- Year Built
- 1987
- Construction Status
- Construction Complete
- New Construction
- No
- Garage Y/N
- No
- Lot Dimensions
- 0x0
- Pool
- Yes
- Pool Type
- Community
- Assigned Spaces
- 0
Listing Info, Tax and Legal
- HOA Fee
- Yes
- HOA Amount
- 3243.99
- HOA Frequency
- Quarterly
- HOA Annual Amount
- 12975.96
- New Buyer Fee
- No
- Last Taxes
- 5368
- Last Tax Year
- 2025
- Brokerage Interest
- No Interest
- As Is
- Yes
- Condo Doc
- Yes
Remarks & Misc
- Remarks
- WANT TO BE LESS THAN A MILE TO THE NEW TOOTSIES?????? WATERCREST 406 IS WHERE ITS AT!!! Wake up to the sound of waves and step directly onto the sugar-white sands of Panama City Beach from this beautifully positioned beachfront condo. Located on a desirable low floor, this residence offers effortless access while still delivering sweeping Gulf views and the coastal lifestyle buyers seek. The spacious floor plan is designed for comfort and functionality, featuring large bedrooms and a highly sought-after master suite positioned directly on the Gulf. Wake up each morning to panoramic water views and enjoy private balcony access from your own retreat. A separate laundry room adds everyday convenience, while the generous living and dining areas create the perfect space for entertaining family and guests. This building has undergone extensive upgrades, giving buyers peace of mind and modern appeal. Recent improvements include fresh exterior paint, new balcony railings, resurfaced patios, and a newly refinished heated pool–perfect for year-round enjoyment. Even better, there are no current special assessments, and the property has successfully met all required milestones and reserve study standards. Accessibility is enhanced with private elevators located on both the east and west ends of the building, servicing up to the 6th floor for added convenience and privacy. For investors, this property presents an exceptional opportunity. Short-term rentals are allowed, with projected annual rental income ranging from $70,000 to $90,000 depending on owner usage, making it both a luxurious getaway and a strong income-producing asset. Whether you're searching for a primary residence, vacation home, or high-performing rental property, this beachfront condo offers the perfect blend of location, lifestyle, and value on one of Florida's most iconic coastlines.
Pool Features
- Fenced
- Yes
- Heated – Electric
- Yes
- Inground
- Yes
- Spa/ Hot Tub
- Yes
More Information
Appliances
- Dishwasher
- Yes
- Disposal
- Yes
- Dryer
- Yes
- Microwave
- Yes
- Oven – Electric
- Yes
- Refrigerator
- Yes
- Washer/Dryer Stacked
- Yes
- Water Heater – Electric
- Yes
Interior Features
- Floor – Tile
- Yes
- Window – Treatment All
- Yes
Construction/Siding
- Siding – Stucco
- Yes
Exterior
- Balcony
- 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
- Community Room
- Yes
- Exercise Room
- Yes
- Ground Keeping
- Yes
- Internet-WiFi
- Yes
- Management
- Yes
- Master Association
- Yes
- Pool
- Yes
- Repairs/Maintenance
- Yes
- Security
- Yes
- Tennis
- Yes
- Trash Disposal
- Yes
- TV Cable
- Yes
- Water
- Yes
- Whirlpool
- Yes
Financing
- Cash
- Yes
- Conventional
- Yes
- Other
- Yes
Furnished
- Furnished
- Yes
Interior
- Floor – Carpet
- Yes
Kitchen
- First
- Yes
Lot Features
- Dedicated Beach
- Yes
- Near Beach Access
- Yes
- Waterfront
- Yes
- Within 1/2 Mile to Water
- Yes
Lot Access
- City Street
- Yes
- Paved Road
- Yes
Parking Features
- Additional Parking
- Yes
- Parking Lot
- Yes
- Paved
- Yes
Present Zoning
- City
- Yes
Association Amenities
- BBQ Pit/Grill
- Yes
- Beach
- Yes
- Conference Center
- Yes
- Dumpster
- Yes
- Exercise Room
- Yes
- Pool
- Yes
- Security-24 hour
- Yes
- Tennis
- Yes
- Waterfront
- Yes
- Whirlpool
- Yes
- Pickle Ball
- Yes
Rooms
- Bedroom
- Yes
- Kitchen
- Yes
- Primary Bedroom
- Yes
Utilities
- TV Cable
- Yes
- Electricity – Connected
- Yes
- Garbage
- Yes
- Public Sewer – Connected
- Yes
Waterview
- Gulf
- Yes
Sale Type
- As Is
- Yes
Waterfront Type
- Gulf
- Yes
Primary Bedroom
- First
- Yes
Bedroom
- First
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
Heating
- Central
- Yes
- Electric
- Yes
Primary Bdrm/Primary Bath
- MBath Double Vanity
- Yes
- MBed Balcony
- Yes
- MBed Waterfront
- Yes
Primary Bath/Primary Bdrm
- MBath Shower/Tub Combo
- Yes
Security Features
- 24 Hour Security
- Yes
- Building Security
- Yes
- Fire Alarm
- Yes
- Fire Sprinkler System
- Yes
- Security Guard
- Yes
- Security Service
- Yes
- Smoke Detector(s)
- Yes
Property Features
Appliances:
Dishwasher; Disposal; Dryer; Microwave; Oven – Electric; Refrigerator; Washer/Dryer Stacked; Water Heater – Electric
Primary Bedroom:
First
Bedroom:
First
Cooling:
Central Air; Electric
Heating:
Central; Electric
Exterior:
Balcony; Storm Doors; Storm Windows
Association Fees Include:
Accounting; TV Cable; Community Room; Exercise Room; Internet-WiFi; Ground Keeping; Repairs/Maintenance; Management; Master Association; Pool; Security; Whirlpool; Tennis; Trash Disposal; Water
Financing:
Cash; Conventional; Other
Furnished:
Furnished
Interior:
Floor – Carpet
Kitchen:
First
Lot Features:
Dedicated Beach; Near Beach Access; Waterfront; Within 1/2 Mile to Water
Lot Access:
City Street; Paved Road
Pool Features:
Fenced; Heated – Electric; Inground; Spa/ Hot Tub
Security Features:
24 Hour Security; Building Security; Fire Alarm; Fire Sprinkler System; Security Guard; Security Service; Smoke Detector(s)
Parking Features:
Additional Parking; Parking Lot; Paved
Other Structures:
Tennis Court(s); Other
Association Amenities:
BBQ Pit/Grill; Beach; Dumpster; Exercise Room; Conference Center; Pickle Ball; Pool; Security-24 hour; Whirlpool; Tennis; Waterfront
Rooms:
Bedroom; Kitchen; Primary Bedroom
Sale Type:
As Is
Utilities:
TV Cable; Electricity – Connected; Garbage; Public Sewer – Connected
Waterfront Type:
Gulf
Waterfront Feature:
Shore – Beach
Waterview:
Gulf
Room Information
| Room Name | Level | Dimensions | Length | Width |
|---|---|---|---|---|
| Kitchen | First | 12 x 11 | 12.00 | 11.00 |
| Primary Bedroom | First | 15 x 13 | 15.00 | 13.00 |
| Bedroom | First | 15 x 13 | 15.00 | 13.00 |
Listing Office:
Keller Williams Success Realty
Last Updated: August – 04 – 2026
Information deemed reliable but not guaranteed.