$700,000
$50K PRICE DROP

Watercrest Condo 6201 Thomas Dr Unit 401 Floor 4 Panama City, FL 32408

Lower Grand Lagoon Area

Estimated payment $4,436/month

Total Views 83,633
2 Beds
2 Baths
1,367 Sq Ft
$512 Price per Sq Ft

Highlights

  • Beach
  • Deeded access to the beach
  • Heated In Ground Pool
  • Property fronts gulf or ocean
  • 24-Hour Security
  • Tennis Courts

About This Home

WELCOME TO YOUR NEW PERSONAL HOME OR INVESTMENT CONDO!!! 80-100K GROSS RETURN ON INVESTMENT PROJECTED depending on the use of the owner. See documents for actual rentals since January 2025. SUNRISE AND SUNSET VIEWS FROM YOUR BEDROOM TO THE MAIN LIVING AREA! WALK IN AND DO NOTHING BUT REST AND RELAX OR RENT AND RETURN! CASH YOUR MAILBOX MONEY NOW! THIS UNIT IS CURRENTLY ON THE RENTAL MARKET AND IS HEAVILY RENTED SO CALL FOR TURN DATES. DESIGNER FURNITURE AND ALL DECOR CONVEYS. Spectacular views of the Gulf with this gorgeous East end unit with WRAP AROUND BALCONY. This is a totally renovated condo from floor to ceiling. There are upgrades and personal touches to this condo that make it a stand out in the building. The condo building itself has had several big renovations in the last several years to include new hurricane windows and sliders....Current renovations as of January 2026 thru March 2026 which are fully funded by the reserves include new exterior paint, new balcony railings and renovation of balconies. The windows and slider doors, pool, pool deck and hot tub were also been renovated in the last 6 years. Watercrest Amenities include a heated pool, hot tub, kid's pool, BBQ grills, exercise room, conference room, tennis courts, Pickle Ball court, shuffleboard, and a poolside tiki bar. There are also on-site vending machines, an ice machine, and ATM. Across the street you will find over flow parking and a storage area for your jet skis, boat, or trailer. WATERCREST is close to many kid and adult activities as well as too many to count local restaurants and pubs. Walmart, Publix, Winn Dixie are just minutes from the complex. WONDER WHAT IS GOING ON NEXT DOOR TO WATERCREST? HADLEY'S BEACH..... NO OBSTRUCTION FROM THOSE NEW HOME BUILTS TO THIS CONDO. THESE WILL BE HOUSES NOT A HIGH RISE COMMUNITY. The HOA is onsite on the 3rd floor making it easy for owners to communicate. Don't miss out. The reserve and integrity study is too large to add to documents please have your agent request and I will email

Listing Agent

Sassy French

Keller Williams Success Realty License #SL3401216 Listed on: 01/14/2026

Keller Williams Success Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,102

Year Built

  • Built in 1987

Lot Details

  • Property fronts gulf or ocean

Home Design

  • Entry on the 4th floor
  • Stucco

Interior Spaces

  • Living Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Ice Maker

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • Additional Parking
  • Parking Lot

Outdoor Features

  • Heated In Ground Pool
  • Deeded access to the beach
  • Balcony

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

Overview

  • Property has a Home Owners Association
  • 174 Units
  • High-Rise Community
  • Watercrest Condo Subdivision
  • 18-Story Property

Amenities

  • Community Barbecue Grill

Recreation

  • Beach

Security

  • 24-Hour Security
  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,102

Year Built

Built in 1987

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Year Built: 1987
  • Property Sub Type: Condominium
  • Road Frontage Type: City Street
  • Subdivision Name: Watercrest Condo
  • Architectural Style: High Rise
  • Entry Level: 4
  • New Construction: No
  • Building Stories: 18
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 18

Interior Features

  • Appliances: Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker
  • Interior Amenities: Balcony, Double Vanity, Main Level Primary, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Dining Room Type: Kitchen, Living Room, Primary Bedroom
  • Stories: 18
  • Window Features: Storm Window(s)

Exterior Features

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

Garage/Parking

  • Parking Features: Additional Parking, Parking Lot
  • Garage: No
  • Attached Garage: No

Utilities

  • Utilities: Cable Connected, Electricity Available
  • Security Features: Fire Sprinkler System, 24 Hour Security, Security Guard, Fire Alarm, Smoke Detector(s), Security Service
  • Cooling: Central Air
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Beach, Fitness Center, Pool, Tennis Court(s), Barbecue, Community Pool, Short Term Rental Allowed
  • Amenities: Other, See Remarks, Beach Rights, Barbecue
  • Association: Yes

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Zoning Description: Resort

Multi Family

  • Number Of Units Total: 174
  • Number Of Units Furnished: All Units

Tax Info

  • Tax Annual Amount: 7102.0
  • Tax Year: 2025

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Map

About Watercrest Condo

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $6,857 $574,439 $574,439
2024 $6,111 $534,119
2023 $6,111 $485,563 $0 $485,563
2022 $2,162 $221,549 $0 $0
2021 $2,166 $215,096 $0 $0
2020 $2,162 $267,325 $0 $0
2019 $2,127 $207,357 $0 $207,357
2018 $3,094 $243,950 $0 $0
2017 $2,762 $196,290 $0 $0
2016 $2,590 $178,445 $0 $0
2015 $2,264 $162,223 $0 $0
2014 $1,984 $147,475 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/18/2026 07/18/26 Price Changed $700,000 -3.4% $512 / Sq Ft
07/07/2026 07/07/26 Price Changed $725,000 -2.0% $530 / Sq Ft
02/01/2026 02/01/26 Price Changed $739,900 -1.3% $541 / Sq Ft
01/14/2026 01/14/26 For Sale $750,000 +15.4% $549 / Sq Ft
09/07/2022 09/07/22 Off Market $650,000 -- --
07/05/2022 07/05/22 Off Market $287,000 -- --
06/02/2022 06/02/22 Sold $650,000 -7.1% $475 / Sq Ft View Prior Sale
04/25/2022 04/25/22 Pending -- -- --
04/25/2022 04/25/22 For Sale $699,900 +143.9% $512 / Sq Ft
12/29/2017 12/29/17 Sold $287,000 -15.3% $210 / Sq Ft View Prior Sale
11/20/2017 11/20/17 Pending -- -- --
05/02/2016 05/02/16 For Sale $339,000 -- $248 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $735,000 South Oak Title
Warranty Deed $650,000 South Oak Title
Warranty Deed $287,000 Attorney
Warranty Deed $300,000 Attorney
Warranty Deed $243,000 Lawyers Title Agency Of Nort
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $551,250 New Conventional
Previous Owner $438,200 New Conventional
Previous Owner $210,000 Purchase Money Mortgage
Previous Owner $120,000 No Value Available
Source: Public Records

About the Listing Agent

Sassy French
Sassy French

Keller Williams Success Realty

(448) 678-0600

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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  • 6201 Thomas 408 Dr Unit 408, Panama City Beach, FL 32408

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Source: Central Panhandle Association of REALTORS®

MLS Number: 783667

Central Panhandle Association of REALTORS®

APN: 30585-231-000

Florida Bay County Panama City 32408

6201 Thomas Dr Unit 401, Panama City, FL

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
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Keller Williams Success Realty
(448) 678-0600
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