This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$550,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. THIS END UNIT CONDO IS A STEAL!....PRICED AT JUST $575,000....WELL BELOW MARKET VALUE.. AVAILABLE TO SHOW ANYTIME.......Welcome to Watercrest 501--your private Gulf-front sanctuary in the heart of Panama City Beach. This beautifully renovated beachfront condominium offers breathtaking panoramic views of the emerald waters and sugar-white sands that have made the Emerald Coast famous.This spacious two-bedroom, two-bath condo has been totally renovated including new kitchen and baths. It has not been in a rental program, but is furnished and ready to go if that is what you would like and is an exceptional opportunity for both investors and those seeking their own beachfront escape. The moment you step inside, your attention is drawn to the spectacular floor-to-ceiling Gulf views. The expansive living area flows seamlessly onto the oversized wraparound balcony, where you'll enjoy uninterrupted vistas of the Gulf of Mexico, refreshing sea breezes, and unforgettable sunsets. Whether you're sipping your morning coffee, dining al fresco, or relaxing with an evening cocktail, this outdoor living space is simply extraordinary. A second private balcony provides additional outdoor enjoyment while overlooking the tennis courts, offering yet another peaceful retreat to enjoy Florida's beautiful weather. Watercrest is consistently recognized as one of Panama City Beach's premier Gulf-front resorts, offering an impressive selection of amenities including: Large beachfront swimming pool Hot tub Kiddie pool Fitness center Tennis courts Direct access to the pristine beaches of the Gulf Ideally located, Watercrest places you just minutes from exceptional restaurants, shopping, entertainment, golf, fishing, and many of Panama City Beach's most popular attractions. Whether you're searching for a high-performing investment property, a luxurious second home, or your own permanent beachfront residence, Watercrest 501 delivers on every level. With extensive renovations, spectacular Gulf views, and a truly turnkey condition, this is a rare opportunity to own one of the area's finest beachfront condominiums. Experience the beauty of Gulf-front living at Watercrest 501--where every sunrise inspires, every sunset captivates, and every day feels like a vacation.
Full Property Details
Full Property Details for 6201 Thomas Dr #501
General
- Sold For: $550,000
- HOA FEE: $1,075/month
- HOA FEE FREQ.: Quarterly
- Taxes: (2025)
- Status: Closed
- Type: Condo
- Source: Bay_County
- MLS ID: 793252
- Added to Site: 73 day(s) ago
Interior
- Number of Rooms: 3
- Interior Features: Main Level Primary
- Appliances: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Ice Maker
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Beach Rights, Barbecue
- Pool: Yes
- Pool Description: In Ground, Community
- Tennis: Yes
- Security/Safety: Building Security, Fire Escape, Fire Sprinkler System, Security Lights, Fire Alarm, Smoke Detector(s)
Exterior
- Porch/Patio/Deck: Balcony
Parking
- Parking Features: Paved, Parking Lot
Location
- County: Bay
- Subdivision: Watercrest Condo
- Driving Directions: 6201 Thomas Drive 501 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
- Assoc. Fees Include: Association Management, Clubhouse, Cable TV, Fitness Facility, Insurance, Internet, Legal/Accounting, Pest Control, Pool(s), Sewer, Security, Trash, Water
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Utility Description: Cable Connected, Electricity Available, High Speed Internet Available, Phone Connected
Structural Information
- Architectural Style: High Rise
- Construction: Concrete, Stucco
- 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
- Association Fee: $3,224
- Assoc Fee Freq.: Quarterly
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: WATERCREST CONDO UNIT 501 (TYPE A) ORB 1149 P 1677 2BR 2B 1367 H&C ORB 3544 P 373
- Property ID: 30585-241-000
Listed by Realty Mark Associates
Sold by Realty Mark Associates
Get Pre-Approved Today
Schools
Schools serving 6201 Thomas Dr #501
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 #501
Date
Details
Price
Change
Source
9/10/2026
Sold
$550,000
-4.33%
MLS
8/07/2026
Price Reduced
$574,900
-0.02%
MLS
7/28/2026
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6201 Thomas Drive #501, Panama City, FL 32408 (MLS# 793252) is a Condo property that was sold at $550,000 on September 10, 2026. Want to learn more about 6201 Thomas Drive #501? 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.

