$725,000

Watercrest Condo 6201 Thomas 408 Dr Unit 408 Panama City Beach, FL 32408

Estimated payment $5,708/month

Total Views 1,278
2 Beds
2 Baths
1,441 Sq Ft
$503 Price per Sq Ft

Highlights

  • Hot Property
  • Beach
  • 24-Hour Security
  • Patronis Elementary School Rated A-
  • Property fronts gulf or ocean
  • In Ground Pool

About This Home

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.

Listing Agent

Sassy French

Keller Williams Success Realty License #SL3401216 Listed on: 08/15/2025

Keller Williams Success Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,576

Year Built

  • Built in 1987

HOA Fees

  • $1,126 Monthly HOA Fees

Home Design

  • Stucco

Interior Spaces

  • 1,441 Sq Ft Home
  • Furnished
  • Window Treatments
  • Living Room
  • Tile Flooring
  • Stacked Washer and Dryer

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Accessible Home Design

  • Accessible Common Area
  • Accessible Entrance

Pool

  • In Ground Pool
  • Fence Around Pool

Schools

  • Patronis Elementary School
  • Surfside Middle School
  • Arnold High School

Additional Features

  • Balcony
  • Property fronts gulf or ocean
  • Central Heating and Cooling System

Community Details

Overview

  • Association fees include management, cable TV, fitness facility, internet, legal/accounting, pest control, pool(s), water
  • 174 Units
  • Watercrest HOA
  • High-Rise Condominium
  • Watercrest Condo Subdivision
  • 18-Story Property

Amenities

  • Business Center

Recreation

  • Beach

Security

  • 24-Hour Security
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,576

Year Built

Built in 1987

Lot Details

0

HOA Fees

$1,126 per month

Listing Details

  • Property Type: Residential
  • Accessibility Features: Common Area, Accessible Entrance
  • Year Built: 1987
  • Property Sub Type: Condominium
  • Road Frontage Type: City Street
  • Subdivision Name: Watercrest Condo
  • Architectural Style: High Rise
  • Entry Level: 4
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Cooktop, Microwave, Refrigerator
  • Interior Amenities: Kitchen Island, Window Treatments
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Living Area: 1441.0
  • Dining Room Type: Living Room, Primary Bedroom
  • Stories: 18

Exterior Features

  • Pool Features: Fenced, In Ground, Pool, Community
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf, Shoreline - Sand
  • Waterfront: Yes
  • Construction Type: Stucco
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Utilities: Cable Connected, Other, See Remarks
  • Security Features: Fire Alarm, 24 Hour Security, Security Service
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Laundry Features: Stacked
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association Fee: 3378.02
  • Community Features: Beach, Business Center, Fitness Center, Other, See Remarks, Short Term Rental Allowed, Tennis Court(s), Waterfront, Pool
  • Association Fee Frequency: Quarterly
  • Association Name: Watercrest HOA
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Fitness Facility, Internet, Legal/Accounting, Pest Control, Pool(s), Water

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Zoning Description: City

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units In Community: 174

Tax Info

  • Tax Annual Amount: 7576.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Map

About Watercrest Condo

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,718 $613,241 -- $613,241
2023 $7,718 $614,125 $0 $614,125
2022 $3,988 $273,104 $0 $0
2021 $3,051 $251,068 $0 $251,068
2020 $3,049 $251,068 $0 $251,068
2019 $2,771 $221,627 $0 $221,627
2018 $3,224 $248,276 $0 $0
2017 $3,024 $225,705 $0 $0
2016 $2,950 $205,186 $0 $0
2015 $2,828 $186,533 $0 $0
2014 $2,275 $169,575 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 For Sale $725,000 -- $503 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $705,128 --
Warranty Deed $339,000 Diamond Title Agency Inc
Warranty Deed $285,000 Lawyers Title Agency N Fl In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $550,000 New Conventional
Closed $493,500 New Conventional
Previous Owner $244,700 New Conventional
Previous Owner $258,000 Unknown
Previous Owner $271,200 Purchase Money Mortgage
Previous Owner $228,000 Unknown
Previous Owner $228,000 Unknown
Source: Public Records

About the Listing Agent

Sassy French
Sassy French

Keller Williams Success Realty

(448) 222-2726

Section Image

* 2023 TOP PRODUCER AT KELLER WILLIAMS SUCCESS REALTY
* Luxury Agent
* Military Relocation Professional/ MRP
* America's Top 100/ Top 1% Real Estate Agents

An East Tennessee native, Sassy is a graduate of the University of Tennessee/Knoxville, earning MagnaCum Laude/Honors and obtaining her Master’s Degree in Rehabilitation Counseling in 1990. She also holds a Bachelor of Science in Human Services and Psychology from Tennessee Wesleyan College in Athens, TN graduating in 1989.

View Sassy's Profile

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Source: Central Panhandle Association of REALTORS®

MLS Number: 777698

Central Panhandle Association of REALTORS®

APN: 30585-238-000

Florida Bay County Panama City Beach 32408

6201 Thomas 408 Dr Unit 408, Panama City Beach, FL

This home is located at 6201 Thomas 408 Dr Unit 408, Panama City Beach, FL 32408 and is currently priced at $725,000, approximately $503 per square foot. This property was built in 1987. 6201 Thomas 408 Dr Unit 408 is a home located in Bay County with nearby schools including Patronis Elementary School, J.R. Arnold High School, and Surfside Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central Panhandle Association of REALTORS® 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.

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Sassy French
Sassy French
Listing Agent Section Image
Keller Williams Success Realty
(448) 222-2726