6201 Thomas Drive 501, Panama City, FL 32408 (MLS# 793252)

6201 Thomas Drive 501, Panama City, FL 32408

$574,900

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,367 Status: Under Contract – Taking Backups

Current Price: $574,900 List Date: 7/28/2026 Last Modified: 8/17/2026

Overview

Description

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 Mexic … (Read more) 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.

Listing Details MLS# 793252

Contract Info

List Price/SqFt: 420.56

Location

Area: 03 – Bay County – Beach
Street #: 6201
Street Name: Thomas
Street Suffix: Drive
Unit #: 501
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: 30585-241-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: 6201 Thomas Drive 501 Panama City Beach. FL 32408
Legal Description: WATERCREST CONDO UNIT 501 (TYPE A) ORB 1149 P 1677 2BR 2B 1367 H&C ORB 3544 P 373

General Property Info

Sub-Type: Condominium
Floor Number: 5
Design: High-Rise (8+ floors)
Apx SqFt(Htd/Cooled): 1367
SqFt Source: Prop App Site
Full Baths: 2
Total Baths: 2
Accessory Dwelling Unit: No
Year Built: 1987
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 0x0
Pool: Yes
Pool Type: Community

Status Change Info

Under Contract Date: 2026-08-14

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 3224
HOA Frequency: Quarterly
HOA Annual Amount: 12896
New Buyer Fee: No
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Condo Doc: Yes

Remarks & Misc

Remarks: 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.

More Information

Pool Features

Inground: Yes

Appliances

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

Construction/Siding

Concrete: Yes
Foundation – On Piling: Yes
Siding – Stucco: Yes

Exterior

Balcony: Yes

Waterfront Feature

Shore – Beach: Yes
Shore – Natural: Yes

Association Fees Include

Accounting: Yes
BBQ Pit/Grill: Yes
Beach: Yes
Conference Center: Yes
Exercise Room: Yes
Insurance: Yes
Internet Service: Yes
Internet-WiFi: Yes
Management: Yes
Master Association: Yes
Pest Control: Yes
Pool: Yes
Security: Yes
Sewer: Yes
Trash Disposal: Yes
TV Cable: Yes
Water: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Furnished: Yes

Kitchen

First: Yes

Living Room

First: Yes

Lot Features

Dedicated Beach: Yes

Lot Access

City Street: Yes

Parking Features

Parking Lot: Yes
Paved: Yes

Present Zoning

Resid Multi-Family: Yes

Association Amenities

BBQ Pit/Grill: Yes
Beach: Yes
Elevators: Yes
Exercise Room: Yes
Game Room: Yes
Picnic Area: Yes
Pool: Yes
Tennis: Yes
Waterfront: Yes

Rooms

Kitchen: Yes
Living Room: Yes
Primary Bedroom: Yes

Utilities

TV Cable: Yes
Electricity – Connected: Yes
Internet – Broadband Available: Yes
Phone – Connected: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Waterview

Gulf: Yes

Sale Type

As Is: Yes

Waterfront Type

Gulf: Yes

Primary Bedroom

First: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Heating

Central: Yes

Security Features

Building Security: Yes
Fire Alarm: Yes
Fire Escape: Yes
Fire Sprinkler System: Yes
Security Lights: Yes
Smoke Detector(s): Yes

Property Features

Appliances: Cooktop – Electric; Dishwasher; Disposal; Dryer; Ice Maker; Microwave; Oven – Electric; Range – Electric; Refrigerator; Washer; Water Heater – Electric Primary Bedroom: First Cooling: Ceiling Fan(s); Central Air; Electric Heating: Central Exterior: Balcony Association Fees Include: Accounting; BBQ Pit/Grill; Beach; TV Cable; Exercise Room; Insurance; Internet Service; Internet-WiFi; Management; Master Association; Conference Center; Pest Control; Pool; Security; Sewer; Trash Disposal; Water Financing: Cash; Conventional Furnished: Furnished Kitchen: First Living Room: First Lot Features: Dedicated Beach Lot Access: City Street Pool Features: Inground Security Features: Building Security; Fire Alarm; Fire Escape; Fire Sprinkler System; Security Lights; Smoke Detector(s) Parking Features: Parking Lot; Paved Association Amenities: BBQ Pit/Grill; Beach; Elevators; Exercise Room; Game Room; Picnic Area; Pool; Tennis; Waterfront Rooms: Kitchen; Living Room; Primary Bedroom Sale Type: As Is Utilities: TV Cable; Electricity – Connected; Internet – Broadband Available; Phone – Connected; Public Sewer – Connected; Public Water – Connected Waterfront Type: Gulf Waterfront Feature: Shore – Beach; Shore – Natural Waterview: Gulf Present Zoning: Resid Multi-Family

Room Information

Room Name	Level	Dimensions	Length	Width
Primary Bedroom	First	13 x 16	13.00	16.00
Living Room	First	24 x 15	24.00	15.00
Kitchen	First	11 x 10	11.00	10.00

Listing Office: Realty Mark Associates

Last Updated: August – 17 – 2026

Information deemed reliable but not guaranteed.