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

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 p

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.