Watercrest Condo 6201 Thomas Dr Unit 406 Panama City Beach, FL 32408
Estimated payment $4,697/month
Total Views
3,108
2
Beds
2
Baths
1,379
Sq Ft
$423
Price per Sq Ft
Highlights
- Beach
- Property fronts gulf or ocean
- In Ground Pool
- Patronis Elementary School Rated A-
- Deeded access to the beach
- Clubhouse
About This Home
$10,000 price reduction!Discover an exceptional investment opportunity at one of the beach's most well-managed resorts, with solid budget and reserves. Elevate your coastal lifestyle at the luxurious Watercrest resort, where stunning sunsets and exceptional convenience are just steps from the elevator. It's prime location on the desirable 4th floor, directly across from the elevator, ensures effortless accessibility.Imagine stepping off the elevator and into your personal oasis, a front-row seat to the mesmerizing Gulf of America. This turn key residence offers a spacious two-bedroom layout with two beautifully remodeled bathrooms. The modern kitchen features quartz countertops and newer black stainless steel appliances, creating a stylish and functional space.Owners generously invested in this beach getaway's recent upgrades, including a newer AC, windows, sliding doors, kitchen, bathrooms, and entry door. Whether you seek a second home or a high-income rental property, this condo can generate nearly $60,000 annually.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,207
Year Built
- Built in 1987
HOA Fees
- $1,081 Monthly HOA Fees
Home Design
- Stucco
Interior Spaces
- 1,379 Sq Ft Home
- Furnished
- Ceiling Fan
- Living Room
- Stacked Washer and Dryer
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- In Ground Pool
- Deeded access to the beach
- Balcony
Schools
- Patronis Elementary School
- Surfside Middle School
- Arnold High School
Additional Features
- Property fronts gulf or ocean
- Central Heating and Cooling System
Community Details
Overview
- Association fees include management, clubhouse, cable TV, insurance, legal/accounting, ground maintenance, maintenance structure, pest control, pool(s), security, tennis courts, trash
- High-Rise Condominium
- Watercrest Condo Subdivision
Amenities
- Clubhouse
- Game Room
- Elevator
Recreation
- Beach
Map
About Watercrest Condo
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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 | $5,131 | $459,638 | -- | -- |
| 2023 | $5,131 | $446,250 | $0 | $446,250 |
| 2022 | $3,678 | $221,904 | $0 | $0 |
| 2021 | $2,553 | $209,525 | $0 | $209,525 |
| 2020 | $2,576 | $209,525 | $0 | $209,525 |
| 2019 | $2,406 | $192,010 | $0 | $192,010 |
| 2018 | $2,713 | $201,731 | $0 | $0 |
| 2017 | $2,571 | $183,392 | $0 | $0 |
| 2016 | $2,323 | $166,720 | $0 | $0 |
| 2015 | $2,432 | $151,564 | $0 | $0 |
| 2014 | $1,856 | $137,785 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Price Changed | $584,000 | -1.7% | $423 / Sq Ft |
| 05/05/2025 05/05/25 | Price Changed | $594,000 | +99731.9% | $431 / Sq Ft |
| 03/23/2025 03/23/25 | For Sale | $595 | -- | $0 / Sq Ft |
Source: Central Panhandle Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $255,000 | Sunbelt Title Agency | |
| Trustee Deed | -- | None Available | |
| Warranty Deed | $322,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | New Conventional | |
| Closed | $154,815 | New Conventional | |
| Closed | $178,000 | Purchase Money Mortgage | |
| Previous Owner | $425,000 | Unknown | |
| Previous Owner | $290,250 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Panama City Beach, FL
Source: Central Panhandle Association of REALTORS®
MLS Number: 770794
APN: 30585-236-000
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