NOT LISTED FOR SALE

Watercrest Condo 6201 Thomas Dr Unit 1803 Panama City, FL 32408

Estimated Value: $686,000 - $2,341,596

5 Beds
6 Baths
5,000 Sq Ft
$2,918/mo HOA Fee

Last Sold September 25, 2023

Last sale price $2,500,000 $500 Per Sq Ft

Current estimated payment $9,859/month

113 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Cathedral Ceiling
  • Community Pool
  • J.R. Arnold High School Rated A-
  • Main Floor Primary Bedroom
  • Tennis Courts

About This Home

As of September 2023

Watercrest 1803 and 1804-Beach Front Penthouse, 5000 square feet, 5 beds, 4 full baths, 2 half baths, absolutely stunning! The only true Gulf front Penthouse available, private floor w/ pool, pool deck, 18th floor with owner access only. Condo is exquisite from top to bottom! 2 master suites both are Gulf front and three large balconies. Outdoor space is fantastic for entertaining, relaxing, sunning, enjoying sunsets and salt air! Penthouse comes with 2 assigned garage parking spaces, both covered which is a huge perk to stay dry in the rain and cool in heat. Amenities include the private pool as well as ground floor pool, hot tub, kiddies' pool, expansive sundecks, lighted tennis court, shuffleboard court, indoor racquetball court, and exercise room. Windows span the length of 5000 sqft condo, peering over the gulf for a view of the white sand and sunsets! 2 separate family rooms with travertine floors, magnificent cathedral ceilings, and wood-burning fireplaces. There are two updated kitchens with their own dining areas indoors as well as outdoor dining on the Gulf front balcony. The west end master suite is tremendous, with walk-in his/her closets, a private water closet with bidet and double vanities as well as a drop-in soaking tub overlooking the Gulf. Words and photos only show part of what this property offers. Watercrest 1803/1804 is a once-in-a-lifetime find and something like this does not come to the market. Private elevator entrance, private pool, private parking, and a 5000 square foot Gulf front condo if you are looking for luxury living in Panama City Beach, you need to take advantage of this rare opportunity today!

Last Agent to Sell the Property

Bubba McCants

EXP Realty LLC License #3062634 Listed on: 03/26/2023

EXP Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,722

Year Built

  • Built in 1987

Lot Details

  • Property fronts gulf or ocean

HOA Fees

  • $2,918 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Metal Roof
  • Stucco

Interior Spaces

  • 5,000 Sq Ft Home
  • Crown Molding
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace
  • Double Pane Windows
  • Window Treatments
  • Family Room
  • Sitting Room
  • Dining Room
  • Tile Flooring

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Gas Oven or Range
  • Cooktop with Range Hood
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • Dressing Area
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Covered Patio or Porch
  • Built-In Barbecue

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 30585-363-000

Community Details

Overview

  • Association fees include ground keeping, master, sewer, water, cable TV, trash
  • Watercrest Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Recreation Room

Recreation

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,722

Year Built

Built in 1987

Lot Details

0

HOA Fees

$2,918 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: WATERCREST CONDO
  • Directions: Thomas Drive to Watercrest, Gulf side of Thomas Drive
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1987
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Waterview:Gulf2: Yes
  • Rooms:Dining Room: Yes
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Double Pane Windows: Yes
  • Rooms:Sitting Room: Yes
  • Rooms:Family Room: Yes
  • Special Features: None

Interior Features

  • Appliances: Cooktop, Disposal, Dryer, Microwave, Range Hood, Refrigerator, Stove/Oven Gas, Washer, Water Heater - Elect
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Floor Tile
  • Interior Amenities: Breakfast Bar, Ceiling Beamed, Ceiling Cathedral, Ceiling Crwn Molding, Elevator, Fireplace 2+, Lighting Recessed, Pantry, Washer/Dryer Hookup
  • Window Features: Window Treatment All, Double Pane Windows
  • Interior:WasherDryer Hookup: Yes
  • Appliances:Cooktop: Yes
  • Master Bedroom:First: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Elevator: Yes
  • Interior:Floor Tile: Yes
  • Interior:Ceiling Cathedral: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Window Treatment All: Yes
  • Mstr BdrmMstr Bath:MBath Dressing Area: Yes
  • Interior:Ceiling Beamed: Yes
  • Interior:Fireplace 2: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Stucco
  • Exterior Features: Balcony, BBQ Pit/Grill, Shower
  • Patio And Porch Features: Patio Covered, Patio Open
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Roof Metal: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Exterior:Patio Open: Yes
  • Exterior:Patio Covered: Yes
  • Exterior:Shower: Yes
  • Exterior:BBQ PitGrill: Yes

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Covered
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes
  • Parking Features:Covered: Yes

Utilities

  • Cooling: Ceiling Fans, Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electric, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Community Room, Exercise Room, Picnic Area, Pool, Tennis, Waterfront
  • Association #2 Fee: 8753.59
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Master Association, Sewer, Water, Cable TV, Trash

Schools

  • Elementary School: Patronis
  • High School: Arnold
  • Middle Or Junior School: Surfside

Lot Info

  • Parcel #: 30585-363-000

Tax Info

  • Tax Annual Amount: 4722.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2023
Closed on
Sep 25, 2023
Sold by
Bernard Assets Llc
Bought by
Mclaren Paul E and Mclaren Sandra L
Seller's Agent
Bubba McCants
EXP Realty LLC
List Price
$2,950,000
Sold Price
$2,500,000
Premium/Discount to List
-$450,000
-15.25%
Views
121
Current Estimated Value
$1,212,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,287,851
Avg. Annual Appreciation
-30.75%
Original Mortgage
$1,500,000
Outstanding Balance
$1,469,602
Interest Rate
6.96%
Mortgage Type
Construction
Estimated Equity
-$257,453
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mclaren Paul E $2,500,000 South Oak Title
Mclaren Paul E $2,500,000 South Oak Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclaren Paul E $1,500,000
Closed Mclaren Paul E $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2023 09/25/23 Sold $2,500,000 -7.4% $500 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
06/20/2023 06/20/23 Price Changed $2,700,000 -8.5% $540 / Sq Ft
03/26/2023 03/26/23 For Sale $2,950,000 -- $590 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

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 $5,795 $645,300 -- $645,300
2023 $5,795 $366,201 $0 $580,770
2022 $4,722 $332,910 $0 $0
2021 $3,125 $257,248 $0 $257,248
2020 $3,169 $257,248 $0 $257,248
2019 $3,209 $257,248 $0 $257,248
2018 $3,828 $302,645 $0 $0
2017 $3,660 $286,298 $0 $0
2016 $3,437 $260,271 $0 $0
2015 $3,386 $236,610 $0 $0
2014 $2,875 $215,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 919746

Emerald Coast Association of REALTORS®

APN: 30585-363-000