Watercrest Condo 6201 Thomas Dr Unit 1606 Panama City Beach, FL 32408
Estimated payment $4,670/month
Highlights
- Beach
- Property fronts gulf or ocean
- Furnished
- J.R. Arnold High School Rated A-
- In Ground Pool
- Game Room
About This Home
Welcome to your dream beachfront getaway! This beautifully updated, fully furnished condo offers the perfect blend of style, comfort, and lucrative vacation rental income grossing roughly $80k yearly. This property has consistent five star reviews across all short term rental platforms, and is a repeat guest FAVORITE making it no surprise that it already has over $58k on the books for 2025 (with two weeks of owner usage). Located just steps from the sand, with breathtaking ocean views and a prime location near local shops and dining, this condo is an ideal retreat for guests seeking a relaxing coastal escape.Inside, the space has been tastefully remodeled with modern finishes and thoughtful design elements. The open-concept living area is flooded with natural light, creating an inviting, airy atmosphere. High-end flooring, fresh paint, and custom furniture complete the space, making it a sophisticated yet cozy home away from home. Onsite amenities include two pools, outdoor hot tub, a food area next to the pool, indoor racquet ball court, tennis court, shuffle board court, gym with sauna & steam rooms, owner's clubhouse, and direct beach access, making it easy for guests to enjoy everything the coast has to offer. With established rental success and positive reviews, this condo is a must-see for investors or anyone looking for a stylish and profitable second home.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,619
Year Built
- Built in 1987
Lot Details
- Property fronts gulf or ocean
HOA Fees
- $1,085 Monthly HOA Fees
Home Design
- Entry on the 16th floor
Interior Spaces
- 1,379 Sq Ft Home
- Furnished
- Living Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- In Ground Pool
- Balcony
Schools
- Patronis Elementary School
- Surfside Middle School
- Arnold High School
Community Details
Overview
- Association fees include fitness facility, pool(s)
- High-Rise Condominium
- Watercrest Condo Subdivision
Amenities
- Community Barbecue Grill
- Picnic Area
- Game Room
- Elevator
Recreation
- Beach
- Community Spa
- Park
Map
About Watercrest Condo
Home Values in the Area
Average Home Value in this Area
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 | $5,619 | $490,875 | -- | -- |
| 2023 | $5,619 | $446,250 | $0 | $446,250 |
| 2022 | $3,839 | $248,485 | $0 | $0 |
| 2021 | $2,553 | $209,525 | $0 | $209,525 |
| 2020 | $2,589 | $209,525 | $0 | $209,525 |
| 2019 | $2,406 | $192,010 | $0 | $192,010 |
| 2018 | $2,868 | $225,895 | $0 | $0 |
| 2017 | $2,722 | $207,570 | $0 | $0 |
| 2016 | $2,462 | $188,700 | $0 | $0 |
| 2015 | $2,788 | $208,250 | $0 | $0 |
| 2014 | $1,856 | $137,785 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | For Sale | $585,000 | -- | $424 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $525,000 | Mti Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $248,500 | Mti Title Insurance Agency I | |
| Warranty Deed | $290,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $367,500 | New Conventional | |
| Previous Owner | $232,000 | Purchase Money Mortgage |
Source: Central Panhandle Association of REALTORS®
MLS Number: 777405
APN: 30585-346-000
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