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$600,000 -$25,000 (-4%) Price Reduced

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • Updated 3 days ago
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WANT TO BE LESS THAN A MILE TO THE NEW TOOTSIES?????? WATERCREST 406 IS WHERE ITS AT!!! Wake up to the sound of waves and step directly onto the sugar-white sands of Panama City Beach from this beautifully positioned beachfront condo. Located on a desirable low floor, this residence offers effortless access while still delivering sweeping Gulf views and the coastal lifestyle buyers seek. The spacious floor plan is designed for comfort and functionality, featuring large bedrooms and a highly sought-after master suite positioned directly on the Gulf. Wake up each morning to panoramic water views and enjoy private balcony access from your own retreat. A separate laundry room adds everyday convenience, while the generous living and dining areas create the perfect space for entertaining family and guests. This building has undergone extensive upgrades, giving buyers peace of mind and modern appeal. Recent improvements include fresh exterior paint, new balcony railings, resurfaced patios, and a newly refinished heated pool--perfect for year-round enjoyment. Even better, there are no current special assessments, and the property has successfully met all required milestones and reserve study standards. Accessibility is enhanced with private elevators located on both the east and west ends of the building, servicing up to the 6th floor for added convenience and privacy. For investors, this property presents an exceptional opportunity. Short-term rentals are allowed, with projected annual rental income ranging from $70,000 to $90,000 depending on owner usage, making it both a luxurious getaway and a strong income-producing asset. Whether you're searching for a primary residence, vacation home, or high-performing rental property, this beachfront condo offers the perfect blend of location, lifestyle, and value on one of Florida's most iconic coastlines.

Full Property Details for 6201 Thomas Dr #406

General

  • Price: $600,000
  • Taxes: $5,368 (2025)
  • Status: Active
  • Type: Condo
  • Source: Bay_County
  • MLS ID: 789656
  • Updated: 5/15/2026
  • Added to Site: 10 day(s) ago

Interior

  • Number of Rooms: 3
  • Appliances: Washer/Dryer Stacked, Electric Oven, Electric Water Heater

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Stacked

Additional Information

  • Shared Amenities: Spa/Hot Tub
  • Pool: Yes
  • Pool Description: Fenced, Electric Heat, In Ground, Community
  • Spa Description: Community
  • Tennis: Yes
  • Security/Safety: Building Security, Fire Sprinkler System, 24 Hour Security, Security Guard, Fire Alarm, Smoke Detector(s), Security Service

Exterior

  • Porch/Patio/Deck: Balcony

Parking

  • Parking Features: Additional Parking, Paved, Parking Lot

Location

  • County: Bay
  • Subdivision: Watercrest Condo
  • Driving Directions: From the Hathaway bridge travel south on Navy Drive, go past the curve where Newby's is at and continue on for about a mile. Watercrest will be on your left. Look for the big green ''W'' on the front of the building.

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
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Utility Description: Cable Connected, Electricity Available

Structural Information

  • Architectural Style: High Rise
  • Construction: Stucco
  • Windows: Storm Window(s)
  • Doors: Storm Door(s)
  • Stories/Levels: 18
  • Sq. Ft. Source: Appraiser
  • Year Built: 1987
  • Other Struct. Feat.: Dumpster

Additional Structures

  • Other Structures: Other, Tennis Court(s)

Lot Features

  • Property View: Gulf
  • Lot Dimensions: 0 x 0
  • Frontage: City Street
  • Lot Features: Paved
  • Zoning: City

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Gulf, Shoreline - Sand
  • Water Front View: Gulf, Shoreline - Sand

Financial Considerations

  • Tax Amount: $5,368
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: WATERCREST CONDO UNIT 406 (TYPE E) ORB 3024 P 1348 ORB 3051 2BR 2B 1379 H&C P 1760
  • Property ID: 30585-236-000

Listed by Keller Williams Success Realty

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— 6201 Thomas Dr #406 —

  • Keller Williams Success Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 6201 Thomas Dr #406

School District:Bay County School District
NameGradesDistance
Patronis Elementary School
7400 Patronis Dr, Panama City Beach, FL 32408
K-51.4 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-86.6 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-125 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 #406 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/15/2026
Price Reduced
$600,000
-4%
MLS
5/09/2026
Listed
$625,000
145.1%
MLS
4/18/2008
Sold
$255,000
—
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 #406

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,207
—
$472,968
3%
2024
$5,207
1%
$459,638
3%
2023
$5,131
101%
$446,250
113%
2021
$2,553
-31%
$209,525
-50%
2022
$3,678
53%
$416,585
117%
2019
$2,406
-11%
$192,010
-5%
2018
$2,713
6%
$201,731
-7%
2017
$2,571
11%
$218,025
16%
2016
$2,323
-4%
$188,700
25%
2015
$2,432
31%
$151,564
10%
2014
$1,856
13%
$137,785
—
2013
$1,649
—
$137,785
—
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.

Estimate the Cost for 6201 Thomas Dr #406

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Keller Williams Success Realty

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6201 Thomas Drive #406, Panama City, FL 32408 (MLS# 789656) is a Condo property with 2 bedrooms and 2 full bathrooms. 6201 Thomas Drive #406 is currently listed for $600,000 and was received on May 09, 2026. Want to learn more about 6201 Thomas Drive #406? 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.

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