$599,000
Panama City, FL 32408
MLS# 789292
2 beds | 2 baths | 1404 sqft

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Property Description
Owner financing to beat a current bank rate approval! Welcome to your slice of paradise at Watercrest Condominiums in Panama City Beach! This beautifully remodeled beachfront condo offers breathtaking Gulf views and a spacious open floorplan designed for comfort and entertaining. Whether you're searching for a personal coastal retreat or a proven rental income opportunity, this fully turnkey unit checks all the boxes. Enjoy updated finishes throughout, a modern kitchen, and expansive balconies that bring the beauty of the beach right into your living space. Watercrest is a highly desirable, amenity-rich resort offering gulf front pool, tennis courts, game room, community room, racquet ball court and on site security. Don't miss this chance to own in one of PCB's most established beachfront communities--perfect for full-time living, a vacation getaway, or a high-performing investment.
Details
Maps
Listing Info, Tax and Legal
HOA Fee: Yes
HOA Amount: 3298.59
HOA Frequency: Quarterly
HOA Annual Amount: 13194.36
Senior Community: No
Is Subject Leased: No
New Buyer Fee: Yes
Last Taxes: 5187
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Condo Doc: Yes
Contract Info
List Price/SqFt: 426.64
Status: Active
List Date: 2026-05-01
List Price: $599,000
Current Price: $599,000
Location
Unit #: 1006
Sub Area: 0323 - Beach - South of Grand Lagoon
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: From Navy Blvd head west towards Watercrest, condo is on the left
Area: 03 - Bay County - Beach
Street #: 6201
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: Watercrest Condo
Parcel ID: 30585-296-000
Legal Description: WATERCREST CONDO UNIT 1006 (TYPE E) ORB 1341 P 925 2BR 2B 1379 H&C
General Property Info
Floor Number: 10
Design: High-Rise (8+ floors)
Apx SqFt(Htd/Cooled): 1404
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Source: Prop App Site
Lot Dimensions: N/A
New Construction: No
Garage Y/N: No
Pool: Yes
Pool Type: Community
Sub-Type: Condominium
Bedrooms: 2
Full Baths: 2
Total Baths: 2
Year Built: 1987
Remarks & Misc
Remarks: Owner financing to beat a current bank rate approval!
Welcome to your slice of paradise at Watercrest Condominiums in Panama City Beach! This beautifully remodeled beachfront condo offers breathtaking Gulf views and a spacious open floorplan designed for comfort and entertaining. Whether you're searching for a personal coastal retreat or a proven rental income opportunity, this fully turnkey unit checks all the boxes. Enjoy updated finishes throughout, a modern kitchen, and expansive balconies that bring the beauty of the beach right into your living space. Watercrest is a highly desirable, amenity-rich resort offering gulf front pool, tennis courts, game room, community room, racquet ball court and on site security. Don't miss this chance to own in one of PCB's most established beachfront communities--perfect for full-time living, a vacation getaway, or a high-performing investment.
Master Bathroom
First: 1
Appliances
Cooktop - Electric: 1
Dryer: 1
Range - Electric: 1
Refrigerator: 1
Washer: 1
Water Heater - Electric: 1
Interior Features
Floor - Vinyl Plank: 1
Handicap Provisions: 1
Construction/Siding
Siding - Stucco: 1
Exterior
Balcony: 1
Deck Covered: 1
Association Fees Include
Accounting: 1
BBQ Pit/Grill: 1
Community Room: 1
Conference Center: 1
Dumpster: 1
Exercise Room: 1
Game Room: 1
Ground Keeping: 1
Insurance: 1
Internet Service: 1
Pool: 1
Repairs/Maintenance: 1
Security: 1
Sewer: 1
Tennis: 1
Trash Disposal: 1
TV Cable: 1
Whirlpool: 1
Financing
Cash: 1
Conventional: 1
FHA: 1
Seller Financing: 1
Furnished
Unfurnished: 1
Living Room
First: 1
Rooms
Bedroom: 1
Living Room: 1
Master Bathroom: 1
Utilities
Cable - Available: 1
TV Cable: 1
Electricity - Connected: 1
Public Sewer - Connected: 1
Accessibility Features
Accessible Kitchen: 1
Common Area: 1
Waterfront Type
Gulf: 1
Bedroom
First: 1
Property Features
Accessibility Features: Accessible Kitchen; Common Area
Appliances: Cooktop - Electric; Dryer; Range - Electric; Refrigerator; Washer; Water Heater - Electric
Bedroom: First
Exterior: Balcony; Deck Covered
Association Fees Include: Accounting; BBQ Pit/Grill; TV Cable; Community Room; Dumpster; Exercise Room; Game Room; Insurance; Internet Service; Ground Keeping; Repairs/Maintenance; Conference Center; Pool; Security; Sewer; Whirlpool; Tennis; Trash Disposal
Financing: Cash; Conventional; FHA; Seller Financing
Furnished: Unfurnished
Living Room: First
Master Bathroom: First
Rooms: Bedroom; Living Room; Master Bathroom
Utilities: Cable - Available; TV Cable; Electricity - Connected; Public Sewer - Connected
Waterfront Type: Gulf
Room Information
| Room Name | Level | Dimensions | Length | Width |
| Master Bathroom | First | 16 x 13 | 16.00 | 13.00 |
| Bedroom | First | 15 x 13 | 15.00 | 13.00 |
| Living Room | First | 24 x 15 | 24.00 | 15.00 |
Listing Office: Counts Real Estate Group Inc
Last Updated: May - 02 - 2026
Information deemed reliable but not guaranteed.
