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$720,000
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Property Description
Welcome to Watercrest 1510, a stunning beachfront retreat in the heart of Panama City Beach, Florida. Perfectly perched on the 15th floor, this luxurious two-bedroom, two-bath condominium delivers everything you envision when you picture coastal paradise--panoramic ocean views, warm Gulf breezes, and unforgettable sunsets over sugar-white sands! There is a third sleeping area with bunks that is generating additional rental revenue. This property has a proven rental history, making it an outstanding investment and personal escape in one. Guests return year after year for its unbeatable location and sophisticated comfort. Recently refreshed with over $110,000 in renovations, Watercrest 1510 shines with style and attention to detail. Fresh finishes, modern furnishings, and an open-concept design showcase coastal elegance while maintaining easy, livable charm! Step inside and you're immediately greeted by breathtaking, floor-to-ceiling views of the Gulf of Mexico. The light-filled living area opens directly to a wraparound balcony--a signature feature of this unit--offering nearly endless horizons and sea breezes from sunrise to sunset. There's space for morning coffee, leisurely lunches, or sunset cocktails as the sky transforms into shades of gold and coral. A second private balcony extends the outdoor living space, giving you multiple vantage points to take in the view and overlooking the tennis courts! Inside, the kitchen features upgraded appliances, sleek countertops, and new cabinetry--designed for both beauty and functionality. The bedrooms are tranquil retreats, the master suite featuring direct balcony access and an oceanfront panorama that makes waking up feel extraordinary. Every corner has been curated for relaxation, from the luxurious bathrooms to the thoughtful coastal décor! Watercrest is one of Panama City Beach's most desirable resorts, known for its prime beachfront location and array of amenities. Enjoy a large beachfront pool, hot tub, kiddie pool, fitness center, tennis courts, and direct access to the soft sands of the Gulf coast. The building is well-maintained and conveniently situated near top local attractions, dining, and entertainment--everything you or your guests could want within minutes! Whether you're seeking an income-producing investment or a private oceanfront getaway, Watercrest 1510 delivers the best of both worlds: modern comfort, timeless views, and the ultimate Panama City Beach lifestyle. With turnkey upgrades, a strong rental record, and a setting built for memory-making, this is your chance to own a piece of Gulf Coast perfection! Watercrest 1510--where every sunset feels like it was meant just for you!
Full Property Details
Full Property Details for 6201 Thomas Dr #1510
General
- Price: $720,000
- Taxes: $6,801 (2025)
- Status: Active
- Type: Condo
- Source: Bay_County
- MLS ID: 788806
- Updated: 4/27/2026
- Added to Site: 28 day(s) ago
Interior
- Number of Rooms: 3
- Interior Features: Coffered Ceiling(s), Smart Thermostat
- Appliances: Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Beach Rights, Game Room, Spa/Hot Tub
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Community, Private
- Spa Description: Community
- Tennis: Yes
- Security/Safety: Building Security, Fire Escape, Fire Sprinkler System, 24 Hour Security, Fire Alarm, Smoke Detector(s)
Exterior
- Porch/Patio/Deck: Balcony
Location
- County: Bay
- Subdivision: Watercrest Condo
- Driving Directions: 6201 Thomas Drive 1510 Panama City Beach, FL 32408
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Cable Connected, Electricity Available, High Speed Internet Available
Structural Information
- Architectural Style: High Rise
- Construction: Concrete, Stucco
- Windows: Storm Window(s)
- Doors: Storm Door(s)
- Elevator: Yes
- Sq. Ft. Source: Appraiser
- Year Built: 1987
Lot Features
- Property View: Gulf
- Lot Dimensions: 0 x 0
- Frontage: City Street
- Zoning: Resid Multi-Family
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Gulf, Shoreline - Sand, Shoreline - Natural
- Water Front View: Gulf, Shoreline - Sand, Shoreline - Natural
Financial Considerations
- Tax Amount: $6,801
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: WATERCREST CONDO UNIT 1510 (TYPE A) ORB 1149 P 1677 2BR 2B 1367 H&C ORB 4632 P 1823
- Property ID: 30585-340-000
Listed by Realty Mark Associates
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Schools
Schools serving 6201 Thomas Dr #1510
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Patronis Elementary School 7400 Patronis Dr, Panama City Beach, FL 32408 | K-5 | 1.4 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 6.6 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6201 Thomas Dr #1510
Date
Details
Price
Change
Source
4/23/2026
Listed
$720,000
60%
MLS
6/30/2021
Sold
$450,000
—
Public Record
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
Tax History for 6201 Thomas Dr #1510
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,499
—
$531,169
-9%
2024
$6,499
12%
$581,749
20%
2023
$5,784
24%
$485,563
22%
2022
$4,656
292%
$399,075
49%
2021
$1,187
-17%
$267,325
77%
2019
$1,438
1%
$151,371
2%
2018
$1,427
2%
$148,549
2%
2017
$1,402
1%
$145,494
2%
2016
$1,389
-2%
$142,501
1%
2015
$1,420
1%
$141,510
1%
2014
$1,404
13%
$140,387
2%
2013
$1,240
—
$138,312
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6201 Thomas Dr #1510
6201 Thomas Drive #1510, Panama City, FL 32408 (MLS# 788806) is a Condo property with 2 bedrooms and 2 full bathrooms. 6201 Thomas Drive #1510 is currently listed for $720,000 and was received on April 23, 2026. Want to learn more about 6201 Thomas Drive #1510? Do you have questions about finding other Condo real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

