6201 Thomas Drive 1607, Panama City, FL 32408 (MLS# 787342)

List Price/SqFt: 502.91

Status: Active

List Date: 2026-03-18

List Price: $724,700

Current Price: $724,700

Unit #: 1607

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: Yes

Gulf Access: Yes

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: 6201 Thomas Drive 1607 Panama City Beach, FL 32408

Area: 03 - Bay County - Beach

Street #: 6201

Street Name: Thomas

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Watercrest Condo

Parcel ID: 30585-347-000

Legal Description: WATERCREST CONDO UNIT 1607 (TYPE D) ORB 1149 P 1677 3BR 3B 1441 H&C ORB 3633 P 1071

Floor Number: 16

Design: High-Rise (8+ floors)

Apx SqFt(Htd/Cooled): 1441

Construction Status: Construction Complete

SqFt Source: Prop App Site

Lot Dimensions: 0x0

New Construction: No

Garage Y/N: No

Pool: Yes

Pool Type: Community

Sub-Type: Condominium

Bedrooms: 3

Full Baths: 3

Total Baths: 3

Year Built: 1987

HOA Fee: Yes

HOA Amount: 3378

HOA Frequency: Quarterly

HOA Annual Amount: 13512

New Buyer Fee: No

Last Taxes: 6187

Last Tax Year: 2025

Brokerage Interest: No Interest

Condo Doc: Yes

Remarks: THERE IS GREAT POTENTIAL TO MAKE MONEY ON THIS CONDO! If you've been searching for the perfect beachfront condo on Panama City Beach, your opportunity has arrived. Welcome to Unit 1607 at Watercrest--one of the most sought-after addresses on the Emerald Coast. Spanning 1,441 square feet, this 3-bedroom, open-concept residence offers a rare combination of space, layout, and views that discerning buyers are always chasing--and seldom find. Positioned in the highly coveted ''07 stack,'' this unit boasts more direct Gulf-front windows than nearly any other in the building, flooding the interior with natural light and showcasing truly panoramic, unobstructed views of the emerald waters and sugar-white sands. Step outside to what is arguably one of the most impressive balconies on the beach. Expansive and built for entertaining, this Gulf-front terrace can comfortably host 20+ guests--perfect for sunset gatherings, coastal breezes, and unforgettable evenings overlooking miles of pristine shoreline. Located on the 16th floor, this unit strikes the ideal balance: high enough for sweeping, private views, yet low enough to keep you connected to the pool, beach, and shoreline activity--without the noise of lower levels. It's a perspective both owners and guests consistently prefer. Now, here's where the opportunity becomes truly compelling: this condo is priced $75,000 below market value, giving you the rare chance to create a fully customized beachfront retreat tailored to your exact taste. Instead of settling for someone else's design choices, you can transform this already exceptional space into a modern coastal showpiece--while instantly building equity. Watercrest is widely regarded as one of the premier Gulf-front communities on Panama City Beach, and inventory in this building--especially in this stack and layout--is extremely limited. Whether you're seeking a luxury personal escape, a high-demand rental investment, or both, this property delivers location, layout, views, and upside in one compelling package. Opportunities like this don't wait--and neither should you. Secure your place on the beach and turn this exceptional value into your own one-of-a-kind coastal masterpiece!

Heated - Gas: 1

Inground: 1

Spa/ Hot Tub: 1

Dishwasher: 1

Dryer: 1

Freezer: 1

Ice Maker: 1

Microwave: 1

Oven - Electric: 1

Range - Electric: 1

Washer: 1

Water Heater - Electric: 1

Breakfast Bar: 1

Floor - Tile: 1

Concrete: 1

Foundation - On Piling: 1

Steel/Frame: 1

Siding - Stucco: 1

Balcony: 1

Shore - Beach: 1

Shore - Natural: 1

Tennis Court(s): 1

Accounting: 1

Beach: 1

Community Room: 1

Dumpster: 1

Exercise Room: 1

Game Room: 1

Ground Keeping: 1

Internet-WiFi: 1

Management: 1

Pest Control: 1

Security: 1

Sewer: 1

Telephone: 1

Trash Disposal: 1

TV Cable: 1

Water: 1

Cash: 1

Conventional: 1

Furnished: 1

First: 1

Dedicated Beach: 1

Waterfront: 1

City Street: 1

Other - See Remarks: 1

Parking Lot: 1

Resid Multi-Family: 1

BBQ Pit/Grill: 1

Beach: 1

Community Room: 1

Elevators: 1

Exercise Room: 1

Fishing: 1

Game Room: 1

Pool: 1

Security-24 hour: 1

Tennis: 1

Pickle Ball: 1

Bedroom: 1

Full Bathroom: 1

Kitchen: 1

Primary Bathroom: 1

Primary Bedroom: 1

TV Cable: 1

Electricity - Connected: 1

Internet - Broadband Available: 1

Phone - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Underground Utilities: 1

Gulf: 1

As Is: 1

First: 1

Gulf: 1

First: 1

First: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

First: 1

Building Security: 1

Fire Alarm: 1

Fire Escape: 1

Smoke Detector(s): 1