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$725,000
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Property Description
THERE IS GREAT POTENTIAL TO MAKE MONEY ON THIS CONDO! If you've been searching for the perfect beachfront condo on Panama City Beach, your opportunity has arrived. Welcome to Unit 1607 at Watercrest--one of the most sought-after addresses on the Emerald Coast. Spanning 1,441 square feet, this 3-bedroom, open-concept residence offers a rare combination of space, layout, and views that discerning buyers are always chasing--and seldom find. Positioned in the highly coveted ''07 stack,'' this unit boasts more direct Gulf-front windows than nearly any other in the building, flooding the interior with natural light and showcasing truly panoramic, unobstructed views of the emerald waters and sugar-white sands. Step outside to what is arguably one of the most impressive balconies on the beach. Expansive and built for entertaining, this Gulf-front terrace can comfortably host 20+ guests--perfect for sunset gatherings, coastal breezes, and unforgettable evenings overlooking miles of pristine shoreline. Located on the 16th floor, this unit strikes the ideal balance: high enough for sweeping, private views, yet low enough to keep you connected to the pool, beach, and shoreline activity--without the noise of lower levels. It's a perspective both owners and guests consistently prefer. Now, here's where the opportunity becomes truly compelling: this condo is priced $75,000 below market value, giving you the rare chance to create a fully customized beachfront retreat tailored to your exact taste. Instead of settling for someone else's design choices, you can transform this already exceptional space into a modern coastal showpiece--while instantly building equity. Watercrest is widely regarded as one of the premier Gulf-front communities on Panama City Beach, and inventory in this building--especially in this stack and layout--is extremely limited. Whether you're seeking a luxury personal escape, a high-demand rental investment, or both, this property delivers location, layout, views, and upside in one compelling package. Opportunities like this don't wait--and neither should you. Secure your place on the beach and turn this exceptional value into your own one-of-a-kind coastal masterpiece!
Full Property Details
Full Property Details for 6201 Thomas Dr #1607
General
- Price: $725,000
- Taxes: $6,187 (2025)
- Status: Active
- Type: Condo
- Source: Bay_County
- MLS ID: 787342
- Updated: 4/16/2026
- Added to Site: 57 day(s) ago
Interior
- Number of Rooms: 7
- Appliances: Electric Oven, Electric Range, Electric Water Heater, Ice Maker
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Additional Information
- Shared Amenities: Beach Rights, Game Room
- Pool: Yes
- Pool Description: Gas Heat, In Ground, Community
- Tennis: Yes
- Security/Safety: Building Security, Fire Escape, Fire Alarm, Smoke Detector(s), Security Service
Exterior
- Porch/Patio/Deck: Balcony
Parking
- Parking Features: Parking Lot
Location
- County: Bay
- Subdivision: Watercrest Condo
- Driving Directions: 6201 Thomas Drive 1607 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, Phone Connected, Underground Utilities, Phone Available
Structural Information
- Architectural Style: High Rise
- Construction: Concrete, Steel Frame, Stucco
- Elevator: Yes
- Sq. Ft. Source: Appraiser
- Year Built: 1987
Additional Structures
- Other Structures: Tennis Court(s)
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: $6,187
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: WATERCREST CONDO UNIT 1607 (TYPE D) ORB 1149 P 1677 3BR 3B 1441 H&C ORB 3633 P 1071
- Property ID: 30585-347-000
Listed by Realty Mark Associates
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Schools
Schools serving 6201 Thomas Dr #1607
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 #1607
Date
Details
Price
Change
Source
3/25/2026
Listed
$725,000
142.47%
MLS
8/18/2014
Sold
$299,000
—
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 #1607
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,955
—
$419,063
-32%
2024
$5,955
-4%
$613,241
-9%
2023
$6,176
71%
$675,750
124%
2021
$3,613
-23%
$301,608
-40%
2022
$4,702
55%
$500,315
106%
2019
$3,037
-16%
$243,291
-15%
2018
$3,623
4%
$286,225
5%
2017
$3,468
5%
$272,000
7%
2016
$3,313
1%
$255,000
4%
2015
$3,279
37%
$245,438
38%
2014
$2,387
13%
$178,054
—
2013
$2,119
—
$178,054
—
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 #1607
6201 Thomas Drive #1607, Panama City, FL 32408 (MLS# 787342) is a Condo property with 3 bedrooms and 3 full bathrooms. 6201 Thomas Drive #1607 is currently listed for $725,000 and was received on March 25, 2026. Want to learn more about 6201 Thomas Drive #1607? 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.

