6201 Thomas Drive 406, Panama City, FL 32408 (MLS# 789656)

List Price/SqFt: 453.23

Status: Active

List Date: 2026-05-08

List Price: $625,000

Current Price: $625,000

Unit #: 406

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 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.

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: 30585-236-000

Legal Description: WATERCREST CONDO UNIT 406 (TYPE E) ORB 3024 P 1348 ORB 3051 2BR 2B 1379 H&C P 1760

Floor Number: 4

Design: High-Rise (8+ floors)

Apx SqFt(Htd/Cooled): 1379

Construction Status: Construction Complete

SqFt Source: Prop App Site

# of Stories in Building: 18

# of Units in Bldg: 174

Lot Dimensions: 0x0

New Construction: No

Garage Y/N: No

Assigned Spaces: 0

Pool: Yes

Pool Type: Community

Sub-Type: Condominium

Bedrooms: 2

Full Baths: 2

Total Baths: 2

Year Built: 1987

HOA Fee: Yes

HOA Amount: 3243.99

HOA Frequency: Quarterly

HOA Annual Amount: 12975.96

New Buyer Fee: No

Last Taxes: 5368

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Condo Doc: Yes

Remarks: 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.

Fenced: 1

Heated - Electric: 1

Inground: 1

Spa/ Hot Tub: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Microwave: 1

Oven - Electric: 1

Refrigerator: 1

Washer/Dryer Stacked: 1

Water Heater - Electric: 1

Floor - Tile: 1

Window - Treatment All: 1

Siding - Stucco: 1

Balcony: 1

Storm Doors: 1

Storm Windows: 1

Shore - Beach: 1

Tennis Court(s): 1

Other: 1

Accounting: 1

Community Room: 1

Exercise Room: 1

Ground Keeping: 1

Internet-WiFi: 1

Management: 1

Master Association: 1

Pool: 1

Repairs/Maintenance: 1

Security: 1

Tennis: 1

Trash Disposal: 1

TV Cable: 1

Water: 1

Whirlpool: 1

Cash: 1

Conventional: 1

Other: 1

Furnished: 1

Floor - Carpet: 1

First: 1

Dedicated Beach: 1

Near Beach Access: 1

Waterfront: 1

Within 1/2 Mile to Water: 1

City Street: 1

Paved Road: 1

Additional Parking: 1

Parking Lot: 1

Paved: 1

MBath Double Vanity: 1

MBed Balcony: 1

MBed Waterfront: 1

MBath Shower/Tub Combo: 1

City: 1

BBQ Pit/Grill: 1

Beach: 1

Conference Center: 1

Dumpster: 1

Exercise Room: 1

Pool: 1

Security-24 hour: 1

Tennis: 1

Waterfront: 1

Whirlpool: 1

Pickle Ball: 1

Bedroom: 1

Kitchen: 1

Master Bedroom: 1

TV Cable: 1

Electricity - Connected: 1

Garbage: 1

Public Sewer - Connected: 1

Gulf: 1

As Is: 1

Gulf: 1

First: 1

First: 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

24 Hour Security: 1

Building Security: 1

Fire Alarm: 1

Fire Sprinkler System: 1

Security Guard: 1

Security Service: 1

Smoke Detector(s): 1