6205 Thomas Drive F12, Panama City, FL 32408 (MLS# 795611)


$260,000
6205 Thomas Drive F12
Panama City, FL 32408
MLS# 795611
1 beds  |  1 baths  |  790 sqft


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Property Description
Looking for your slice of paradise with proven rental history? This 1-bedroom + loft condo at Nautical Watch on the east end of Panama City Beach is priced as a 1 bedroom, but earns higher rental income of a 2 bedroom. Fully furnished and turnkey, it delivers strong annual gross rental income. In 2025 alone it generated $35,000 in gross revenue. Just steps from the famous sugar-white sandy beaches and emerald Gulf waters. Half a mile west of Schooners and 1.5 miles east of Pineapple Willie's, you're close to restaurants, mini-golf, and attractions while still enjoying a quieter stretch of the beach. The complex has a locked, gated beach access so the parking lot stays for owners and guests only--no random beach traffic. Resort-style amenities without the high-rise hassle Low-rise building with easy front-door parking. Beautiful heated pool that snowbirds love in the late fall and winter. Two propane grills on-site for owners and renters. Exceptionally low carrying costs HOA is only $620/month ($1,860 paid quarterly)--significantly lower than most comparable complexes. It covers exterior insurance (walls out), water, pest control, pool, landscaping, roof, parking lot, security, and more. Your only regular bills are electric (averages ~$110/month) and Wi-Fi (~$40/month). No special assessments in the 12+ years of current ownership, and none are planned. Updated & protected:Brand-new HVAC system installed last year, hurricane-proof sliding glass door to the patio (1 year old), hurricane-proof windows recently replaced, refrigerator ~18 months old; washer/dryer combo 4-6 years old, A/C sensors for when doors are left open to save your energy and HVAC system. Clean, low-maintenance, and ideally located for both personal use and strong rental demand. This unit is perfect for your family trips or a solid short term rental investment. Don't miss this one!

Details
Maps
General Property Info
Floor Number: 3
Design: Low-Rise (1-3 floors)
Apx SqFt(Htd/Cooled): 790
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: 1
Full Baths: 1
Total Baths: 1
Year Built: 1984
Contract Info
List Price/SqFt: 329.11
Status: Active
List Date: 2026-09-18
List Price: $260,000
Current Price: $260,000
Location
Unit #: F12
Sub Area: 0323 - Beach - South of Grand Lagoon
Community/Resort: None
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Heading East on Thomas Dr from Navy Blvd, take a left into the complex at 6205 Thomas dr.
Area: 03 - Bay County - Beach
Street #: 6205
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: Nautical Watch II
Parcel ID: 30585-983-000
Legal Description: NAUTICAL WATCH II UNIT 12 BLDG F ORB 971 P 1 1BR 1B/WITH LOFT 790 H&C ORB 3667 P 482
Listing Info, Tax and Legal
HOA Fee: Yes
HOA Amount: 1860
HOA Frequency: Quarterly
HOA Annual Amount: 7440
New Buyer Fee: No
Last Taxes: 2758.8
Last Tax Year: 2025
Brokerage Interest: No Interest
Condo Doc: Yes
Remarks & Misc
Remarks: Looking for your slice of paradise with proven rental history? This 1-bedroom + loft condo at Nautical Watch on the east end of Panama City Beach is priced as a 1 bedroom, but earns higher rental income of a 2 bedroom. Fully furnished and turnkey, it delivers strong annual gross rental income. In 2025 alone it generated $35,000 in gross revenue. Just steps from the famous sugar-white sandy beaches and emerald Gulf waters. Half a mile west of Schooners and 1.5 miles east of Pineapple Willie's, you're close to restaurants, mini-golf, and attractions while still enjoying a quieter stretch of the beach. The complex has a locked, gated beach access so the parking lot stays for owners and guests only--no random beach traffic. Resort-style amenities without the high-rise hassle Low-rise building with easy front-door parking. Beautiful heated pool that snowbirds love in the late fall and winter. Two propane grills on-site for owners and renters. Exceptionally low carrying costs HOA is only $620/month ($1,860 paid quarterly)--significantly lower than most comparable complexes. It covers exterior insurance (walls out), water, pest control, pool, landscaping, roof, parking lot, security, and more. Your only regular bills are electric (averages ~$110/month) and Wi-Fi (~$40/month). No special assessments in the 12+ years of current ownership, and none are planned. Updated & protected:Brand-new HVAC system installed last year, hurricane-proof sliding glass door to the patio (1 year old), hurricane-proof windows recently replaced, refrigerator ~18 months old; washer/dryer combo 4-6 years old, A/C sensors for when doors are left open to save your energy and HVAC system. Clean, low-maintenance, and ideally located for both personal use and strong rental demand. This unit is perfect for your family trips or a solid short term rental investment. Don't miss this one!
Exterior
Balcony: 1
Storm Doors: 1
Storm Windows: 1
Association Fees Include
Accounting: 1
BBQ Pit/Grill: 1
Ground Keeping: 1
Pest Control: 1
Pool: 1
Trash Disposal: 1
Termite Bond: 1
Furnished
Furnished: 1
Lot Features
Deeded Access: 1
Rooms
Bedroom: 1
Showing
ShowingTime: 1
Utilities
TV Cable: 1
Electricity - Connected: 1
Internet - Broadband Available: 1
Public Sewer - Connected: 1
Public Water - Available: 1
Bedroom
First: 1
Cooling
Central Air: 1
Heating
Central: 1
Property Features
Bedroom: First
Cooling: Central Air
Heating: Central
Exterior: Balcony; Storm Doors; Storm Windows
Association Fees Include: Accounting; BBQ Pit/Grill; Ground Keeping; Pest Control; Pool; Termite Bond; Trash Disposal
Furnished: Furnished
Lot Features: Deeded Access
Rooms: Bedroom
Showing: ShowingTime
Utilities: TV Cable; Electricity - Connected; Internet - Broadband Available; Public Sewer - Connected; Public Water - Available
Room Information
Room Name Level Dimensions Length Width
BedroomFirst12 x 1112.0011.00

Listing Office: Beachy Beach Real Estate

Last Updated: September - 19 - 2026

Information deemed reliable but not guaranteed.