$722,500
Panama City Beach, FL 32408
MLS# 777698
2 beds | 2 baths | 1441 sqft

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Property Description
ALL INVESTORS... DON''T MISS OUT!!! 98.6% verifiable occupancy for short term rentals with this beauty! Spectacular views of the Gulf with this gorgeous totally renovated condo from floor to ceiling. This condo is RENTAL READY AND ALREADY HAS A FOLLOWING WITH THE CURRENT RENTAL MANAGEMENT COMPANY!!! There are upgrades and personal touches to this condo that make it a stand out in the building. Elevators.... NO WAITING.... Floors 1-6 have their own East and West end elevators. The building itself has had several big renovations in the last few years to include new roof, new windows and slider doors, pool, pool deck. New railings and exterior paint for the entire building are to come during off 2025-2026 off season. There are no current special assessments and all required milestones have been met. The HOA is onsite as well making it easy for owners to communicate. 24 hour onsite security, tiki hut with food and beverages. DON'T FORGET the pickle ball and tennis courts and onsite gym for family fun. This popular East End condo is walking distance to many local restaurants and a short 3-5 minute drive to the State Park and other fun local activities.
Details
Maps
Contract Info
Status: Active
List Date: 2025-08-15
List Price: $722,500
List Price/SqFt: 501.39
Current Price: $722,500
Location
Area: 03 - Bay County - Beach
Street #: 6201
Street Name: Thomas 408
Street Suffix: Drive
Unit #: 408
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 - Beach - South of Grand Lagoon
Subdivision: Watercrest Condo
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Parcel ID: 30585-238-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
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
Legal Description: WATERCREST CONDO UNIT 408 (TYPE C) ORB 1716 P 507 ORB 2132 P 1183 2BR 2B 1441 H&C ORB 4610 P 1890
General Property Info
Sub-Type: Condominium
Floor Number: 4
Design: High-Rise (8+ floors)
Apx SqFt(Htd/Cooled): 1441
SqFt Source: Prop App Site
Bedrooms: 2
Full Baths: 2
Total Baths: 2
# of Stories in Building: 18
# of Units in Bldg: 174
Year Built: 1987
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 0x0
Pool: Yes
Pool Type: Community
Property Features
Accessibility Features: Accessible Entrance; Common Area
Appliances: Cooktop - Electric; Dishwasher; Microwave; Refrigerator; Washer/Dryer Stacked
Master Bedroom: First
Cooling: Central Air; Electric
Heating: Central; Electric
Exterior: Balcony
Association Fees Include: Accounting; TV Cable; Exercise Room; Internet-WiFi; Management; Pest Control; Pool; Water
Financing: Cash; Conventional; Other
Furnished: Furnished
Living Room: First
Lot Access: City Street
Pool Features: Fenced; Inground
Security Features: 24 Hour Security; Fire Alarm; Security Guard; Security Service
Other Structures: Tennis Court(s)
Association Amenities: Beach; Business Center; Exercise Room; Pool; Security-24 hour; Tennis; Waterfront; Other - See Remarks
Rooms: Living Room; Master Bedroom
Sale Type: As Is
Utilities: TV Cable; Public Sewer - Connected; Other - See Remarks
Waterfront Type: Gulf
Waterfront Feature: Shore - Beach
Waterview: Gulf
Room Information
Room Name | Level | Dimensions | Length | Width | Dimensions |
Master Bedroom | First | 16 x 13 | 16.00 | 13.00 | 16 x 13 |
Living Room | First | 24 x 16 | 24.00 | 16.00 | 24 x 16 |
Listing Office: Keller Williams Success Realty
Last Updated: October - 11 - 2025
Information deemed reliable but not guaranteed.