6201 Thomas Drive 401, Panama City, FL 32408 (MLS# 783667)

List Price/SqFt: 530.36

Status: Active

List Date: 2026-01-12

List Price: $725,000

Current Price: $725,000

Unit #: 401

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: 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.

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: 30585-231-000

Legal Description: WATERCREST CONDO UNIT 401 (TYPE A) ORB 1149 P 1677 2BR 2B 1367 H&C ORB 4573 P 2318

Floor Number: 4

Design: High-Rise (8+ floors)

Apx SqFt(Htd/Cooled): 1367

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

# of Stories in Building: 18

# of Units in Bldg: 174

Lot Dimensions: 0x0

New Construction: No

Garage Y/N: No

Pool: Yes

Pool Type: Community

Sub-Type: Condominium

Bedrooms: 2

Full Baths: 2

Total Baths: 2

Year Built: 1987

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: 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

Heated - Electric: 1

Inground: 1

Spa/ Hot Tub: 1

Cooktop - Electric: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Ice Maker: 1

Microwave: 1

Oven - Electric: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Ceiling - Raised: 1

Fireplace: 1

Floor - Tile: 1

Lighting - Recessed: 1

Pantry: 1

Window - Treatment All: 1

Siding - Stucco: 1

Balcony: 1

Built-in Barbecue/Grill: 1

Storm Doors: 1

Storm Windows: 1

Shore - Beach: 1

Tennis Court(s): 1

Other: 1

Accounting: 1

BBQ Pit/Grill: 1

Beach: 1

Exercise Room: 1

Ground Keeping: 1

Internet Service: 1

Internet-WiFi: 1

Management: 1

Pool: 1

Security: 1

Sewer: 1

Tennis: 1

Trash Disposal: 1

TV Cable: 1

Water: 1

Other - See Remarks: 1

Cash: 1

Conventional: 1

Other: 1

Furnished: 1

First: 1

First: 1

Waterfront: 1

Within 1/2 Mile to Water: 1

City Street: 1

Additional Parking: 1

Parking Lot: 1

Resort: 1

Beach: 1

Exercise Room: 1

Pool: 1

Security-24 hour: 1

Tennis: 1

Other - See Remarks: 1

Kitchen: 1

Living Room: 1

Primary Bedroom: 1

TV Cable: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Other - See Remarks: 1

Gulf: 1

As Is: 1

Gulf: 1

First: 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

MBath Double Vanity: 1

MBath Shower Only: 1

MBed Balcony: 1

MBed Walk-in Closet: 1

24 Hour Security: 1

Fire Alarm: 1

Fire Sprinkler System: 1

Security Guard: 1

Smoke Detector(s): 1