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$499,000

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,404 Sq. Ft.
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In a market full of noise, buyers want two things: LOW price and AMAZING views--and this one has BOTH!!! This 2-bedroom end unit at Watercrest is priced as the lowest in the entire building, giving you an incredible opportunity to walk in with instant equity and serious cash flow potential. And the views? Absolutely unreal. Being a corner unit, you get unobstructed panoramic Gulf views, extra windows, tons of natural light, and that open, elevated feel buyers and renters go crazy for. This is the kind of property that doesn't just sit--it performs. With this price point + these views, you're perfectly positioned to attract more bookings, increase rental income, and maximize returns. Plus, Watercrest offers a tennis court, adding even more appeal for guests and owners alike. Deals like this don't last--especially when they check every box. If you're looking for value, views, and income potential... this is the one!!!

Full Property Details for 6201 Thomas Dr #UNIT 1402

General

  • Price: $499,000
  • Taxes: $5,565 (2025)
  • Status: Active
  • Type: Condo
  • Source: Emerald_Coast
  • MLS ID: 1005539
  • Updated: 6/16/2026
  • Added to Site: 24 day(s) ago

Rental Information

  • Complex Features: Pickle Ball, Beach, Elevators, Exercise Room, Pool, Tennis

Interior

  • Number of Rooms: 4
  • Interior Features: Breakfast Bar, Washer/Dryer Hookup
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer
  • Furnishings: Furnished - All
  • Flooring: Floor Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Pool: Yes
  • Pool Description: Pool Type

Exterior

  • Exterior Features: Balcony

Location

  • Area: 27 - Bay County
  • County: Bay
  • Subdivision: WATERCREST CONDO
  • Driving Directions: From the Hathaway Bridge, head south onto Thomas Drive and continue for about 5-7 miles toward the east end of the beach; after passing Regency Towers and getting close to Schooners Beach Club, you'll find Watercrest Condominium on the left side--look for the large green ''W'' sign, then turn into the driveway and proceed to parking, take the elevator to the 14th floor, and head to Unit 1402.

School Information

  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold

Community

  • Association: Yes
  • Assoc. Fees Include: Sewer, Water, Trash

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating/Cooling: Central Air

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electric, Public Water

Structural Information

  • Square Feet: 1,404
  • Sq. Ft. Source: Building Plan
  • Year Built: 1987

Lot Features

  • Property View: Gulf

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Type: Unit Waterfront, Gulf

Financial Considerations

  • Tax Amount: $5,565.31
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: Watercrest Condo Unit 1402 (Type B) Orb 1149 P 1677 2Br 2B 1404 H&C Orb 3537 P 2247 . Orb 4291 P 1497
  • APN: 30585-322-000
  • Property ID: 30585-322-000

Listed by Salty Marlin Realty

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Listing agent

— 6201 Thomas Dr #UNIT 1402 —

  • Salty Marlin Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 6201 Thomas Dr #UNIT 1402 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/16/2026
Listed
$499,000
155.9%
MLS
8/07/2013
Sold
$195,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 6201 Thomas Dr #UNIT 1402

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,380
—
$341,612
-43%
2024
$5,380
12%
$597,495
17%
2023
$4,818
35%
$509,958
73%
2021
$3,575
-10%
$294,780
-32%
2022
$3,982
60%
$433,500
119%
2019
$2,483
-16%
$198,326
-15%
2018
$2,961
7%
$233,325
8%
2017
$2,766
—
$216,325
-4%
2016
$2,758
7%
$225,675
26%
2015
$2,572
17%
$179,520
10%
2014
$2,191
21%
$163,200
8%
2013
$1,811
—
$151,632
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Salty Marlin Realty

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6201 Thomas Drive #UNIT 1402, Panama City Beach, FL 32408 (MLS# 1005539) is a Condo property with 2 bedrooms and 2 full bathrooms. 6201 Thomas Drive #UNIT 1402 is currently listed for $499,000 and was received on June 16, 2026. Want to learn more about 6201 Thomas Drive #UNIT 1402? Do you have questions about finding other Condo real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

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