- Overview
- Description
- Property Details
- Location
- HOA Management
- Facts & Features
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- Nearby Homes

Street View
$575,000
Monthly Est:$2,862
2 Beds
- 2 Baths
2 full baths
1,367sqft
6201 Thomas Dr #401, Panama City, FL 32408
$575,000
$2,862/moEst:
Get Pre-Approved
Condominium
Built in 1987
$1,074.67/mo HOA
-- sqft lot
$421/sq.ft
Description
PRICE POINT LISTED UNDER VALUE!!!!!WELCOME TO YOUR NEW PERSONAL HOME OR INVESTMENT CONDO!!! 80-100K GROSS RETURN ON INVESTMENT PROJECTED depending on the use of the owner. See documents for actual rentals since January 2025. SUNRISE AND SUNSET VIEWS FROM YOUR BEDROOM TO THE MAIN LIVING AREA! WALK IN AND DO NOTHING BUT REST AND RELAX OR RENT AND RETURN! CASH YOUR MAILBOX MONEY NOW! THIS UNIT IS CURRENTLY ON THE RENTAL MARKET AND IS HEAVILY RENTED SO CALL FOR TURN DATES. DESIGNER FURNITURE AND ALL DECOR CONVEYS.
Spectacular views of the Gulf with this gorgeous East end unit with WRAP AROUND BALCONY. This is a totally renovated condo from floor to ceiling. There are upgrades and personal touches to this condo that make it a stand out in the building. The condo building itself has had several big renovations in the last several years to include new hurricane windows and sliders....Current renovations as of January 2026 thru March 2026 which are fully funded by the reserves include new exterior paint, new balcony railings and renovation of balconies. The windows and slider doors, pool, pool deck and hot tub were also been renovated in the last 6 years.
Watercrest Amenities include a heated pool, hot tub, kid's pool, BBQ grills, exercise room, conference room, tennis courts, Pickle Ball court, shuffleboard, and a poolside tiki bar.
There are also on-site vending machines, an ice machine, and ATM. Across the street you will find over flow parking and a storage area for your jet skis, boat, or trailer. WATERCREST is close to many kid and adult activities as well as too many to count local restaurants and pubs. Walmart, Publix, Winn Dixie are just minutes from the complex.
WONDER WHAT IS GOING ON NEXT DOOR TO WATERCREST? HADLEY'S BEACH..... NO OBSTRUCTION FROM THOSE NEW HOME BUILTS TO THIS CONDO. THESE WILL BE HOUSES NOT A HIGH RISE COMMUNITY.
The HOA is onsite on the 3rd floor making it easy for owners to communicate. Don't miss out.
The reserve and integrity study is too large to add to documents please have your agent request and I will email
- Houzeo last checked: 4 minutes ago
- Listing updated: October 9, 2026 at 2:24 am
- Listing Provided by: Deborah Mobile French DRE #SL3401216 | Keller Williams Success Realty (850) 249-0313
- Source: Bay/Panama City/Central Panhandle MLS-FL | MLS#: 783667

This condo is in:
Property Details
Status
Active
Type
Condominium
No. of Stories
18
County
City
Neighborhood
--
Year Built
1987
HOA Fees
$1074.67/mo
Finished Area
1,367 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Bay/Panama City/Central Panhandle MLS
MLS Number
783667
MLS Status
Active
Days on Market
294
Cumulative Days on Market
268

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Location
HOA Management
N/A
HOA Fees
$3,224.13/ Quarterly
Amenities
Amenities and services may be covered by one or multiple associations and service providers.
Water
Sewer
Maintenance
Cable TV
Security Guard
Internet
Tennis
Trash Pickup
Beach
Other
SeeRemarks
LegalAccounting
FitnessFacility
AssociationManagement
Barbecue
Pools
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 2
Kitchen
Level: First
Area: 110.00 Square Feet
Dimensions: 11 x 10
LivingRoom
Level: First
Area: 360.00 Square Feet
Dimensions: 24 x 15
PrimaryBedroom
Level: First
Area: 208.00 Square Feet
Dimensions: 13 x 16
Interior
Interior Features
Balcony, Double Vanity, Main Level Primary, Walk In Closets
Sewer
Public Sewer
Exterior Features
Barbecue
Appliances
Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker
Cooling
Central Air
Heating
Central, Electric
Window Features
Storm Windows
Construction
Year Built
Year Built: 1987
Home type
Condominium
Architectural Style
High Rise
Construction Materials
Stucco
Utilities & Energy
Security Features
Fire Sprinkler System, Twenty Four Hour Security, Security Guard, Fire Alarm, Smoke Detectors, Security Service
Association Amenities
Other, See Remarks, Beach Rights, Barbecue
Utilities
Cable Connected, Electricity Available
Pool Features
Electric Heat, In Ground, Community
Parking Features
Additional Parking, Parking Lot
Other Features
Community Features
Beach, Fitness Center, Pool, Tennis Courts, Barbecue, Community Pool, Short Term Rental Allowed
Subdivision Name
Watercrest Condo
Patio And Porch Features
Balcony
Price History
| Date | Event | Price |
|---|---|---|
09/15/2026 Source: | Price Decreased | $625,000 -3.85% $457/sqft |
08/29/2026 Source: | Price Decreased | $650,000 -7.14% $475/sqft |
07/18/2026 Source: | Price Decreased | $700,000 -3.45% $512/sqft |
07/07/2026 Source: | Price Increased | $725,000 +26.09% $530/sqft |
01/14/2026 Source: | Listed for Sale | $575,000 -23.33% $421/sqft |
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Based on information from Central Panhandle Association of REALTORS® MLS through Nov 04, 2026, 11:45PM. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2026 Bay Central Panhandle Association of REALTORS®
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