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

Floor Number: 5

Design: High-Rise (8+ floors)

Apx SqFt(Htd/Cooled): 1367

Construction Status: Construction Complete

SqFt Source: Prop App Site

Accessory Dwelling Unit: No

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

List Price/SqFt: 420.56

Status: Under Contract - Taking Backups

List Date: 2026-07-28

List Price: $574,900

Current Price: $574,900

Unit #: 501

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 501 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: 30585-241-000

Legal Description: WATERCREST CONDO UNIT 501 (TYPE A) ORB 1149 P 1677 2BR 2B 1367 H&C ORB 3544 P 373

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: 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.

Inground: 1

Cooktop - Electric: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Ice Maker: 1

Microwave: 1

Oven - Electric: 1

Range - Electric: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Concrete: 1

Foundation - On Piling: 1

Siding - Stucco: 1

Balcony: 1

Shore - Beach: 1

Shore - Natural: 1

Accounting: 1

BBQ Pit/Grill: 1

Beach: 1

Conference Center: 1

Exercise Room: 1

Insurance: 1

Internet Service: 1

Internet-WiFi: 1

Management: 1

Master Association: 1

Pest Control: 1

Pool: 1

Security: 1

Sewer: 1

Trash Disposal: 1

TV Cable: 1

Water: 1

Cash: 1

Conventional: 1

Furnished: 1

First: 1

First: 1

Dedicated Beach: 1

City Street: 1

Parking Lot: 1

Paved: 1

Resid Multi-Family: 1

BBQ Pit/Grill: 1

Beach: 1

Elevators: 1

Exercise Room: 1

Game Room: 1

Picnic Area: 1

Pool: 1

Tennis: 1

Waterfront: 1

Kitchen: 1

Living Room: 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

Gulf: 1

As Is: 1

Gulf: 1

First: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Building Security: 1

Fire Alarm: 1

Fire Escape: 1

Fire Sprinkler System: 1

Security Lights: 1

Smoke Detector(s): 1

Under Contract Date: 2026-08-14