Watercrest Condo 6201 Thomas Dr Unit 501 Floor 5 Panama City, FL 32408
Lower Grand Lagoon AreaEstimated payment $4,636/month
Highlights
- Beach
- Deeded access to the beach
- In Ground Pool
- Property fronts gulf or ocean
- Building Security
- Tennis Courts
About This Home
THIS END UNIT CONDO IS A STEAL!....PRICED AT JUST $575,000....WELL BELOW MARKET VALUE.. AVAILABLE TO SHOW ANYTIME.......Welcome to Watercrest 501--your private Gulf-front sanctuary in the heart of Panama City Beach. This beautifully renovated beachfront condominium offers breathtaking panoramic views of the emerald waters and sugar-white sands that have made the Emerald Coast famous.This spacious two-bedroom, two-bath condo has been totally renovated including new kitchen and baths. It has not been in a rental program, but is furnished and ready to go if that is what you would like and is an exceptional opportunity for both investors and those seeking their own beachfront escape. The moment you step inside, your attention is drawn to the spectacular floor-to-ceiling Gulf views. The expansive living area flows seamlessly onto the oversized wraparound balcony, where you'll enjoy uninterrupted vistas of the Gulf of Mexico, refreshing sea breezes, and unforgettable sunsets. Whether you're sipping your morning coffee, dining al fresco, or relaxing with an evening cocktail, this outdoor living space is simply extraordinary. A second private balcony provides additional outdoor enjoyment while overlooking the tennis courts, offering yet another peaceful retreat to enjoy Florida's beautiful weather. Watercrest is consistently recognized as one of Panama City Beach's premier Gulf-front resorts, offering an impressive selection of amenities including: Large beachfront swimming pool
Hot tub
Kiddie pool
Fitness center
Tennis courts
Direct access to the pristine beaches of the Gulf
Ideally located, Watercrest places you just minutes from exceptional restaurants, shopping, entertainment, golf, fishing, and many of Panama City Beach's most popular attractions. Whether you're searching for a high-performing investment property, a luxurious second home, or your own permanent beachfront residence, Watercrest 501 delivers on every level. With extensive renovations, spectacular Gulf views, and a truly turnkey condition, this is a rare opportunity to own one of the area's finest beachfront condominiums. Experience the beauty of Gulf-front living at Watercrest 501--where every sunrise inspires, every sunset captivates, and every day feels like a vacation.
Property Details
Home Type
- Condominium
Year Built
- Built in 1987
Lot Details
- Property fronts gulf or ocean
HOA Fees
- $1,075 Monthly HOA Fees
Home Design
- Entry on the 5th floor
- Pillar, Post or Pier Foundation
- Stucco
Interior Spaces
- Ceiling Fan
- Living Room
- Security Lights
Kitchen
- Electric Oven
- Electric Cooktop
- Ice Maker
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Parking
- Paved Parking
- Parking Lot
Outdoor Features
- 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
- High Speed Internet
Community Details
Overview
- Association fees include management, clubhouse, cable TV, fitness facility, insurance, internet, legal/accounting, pest control, pool(s), sewer, security, trash, water
- High-Rise Community
- Watercrest Condo Subdivision
Amenities
- Community Barbecue Grill
- Game Room
- Elevator
Recreation
- Beach
- Park
Security
- Building Security
- Fire and Smoke Detector
- Fire Sprinkler System
- Fire Escape
Map
About Watercrest Condo
Home Values in the Area
Average Home Value in this Area
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 | $5,135 | $316,127 | ||
| 2024 | $4,536 | $287,388 | ||
| 2023 | $4,536 | $485,563 | $0 | $485,563 |
| 2022 | $3,676 | $237,511 | $0 | $0 |
| 2021 | $3,104 | $244,279 | $0 | $0 |
| 2020 | $3,012 | $267,325 | $0 | $267,325 |
| 2019 | $2,595 | $207,357 | $0 | $207,357 |
| 2018 | $2,914 | $215,919 | $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 |
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 |
|---|---|---|---|---|---|
| 07/28/2026 07/28/26 | For Sale | $575,000 | +194.9% | $421 / Sq Ft | |
| 01/25/2026 01/25/26 | Off Market | $195,000 | -- | -- | |
| 06/20/2022 06/20/22 | Off Market | $195,000 | -- | -- | |
| 08/29/2013 08/29/13 | Sold | $195,000 | -8.5% | $143 / Sq Ft | View Prior Sale |
| 08/16/2013 08/16/13 | Pending | -- | -- | -- | |
| 04/19/2013 04/19/13 | For Sale | $213,000 | -- | $156 / Sq Ft |
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 | $193,000 | Attorney | |
| Warranty Deed | $289,900 | Lanco Title |
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 |
|---|---|---|---|
| Previous Owner | $231,900 | Purchase Money Mortgage |
Source: Central Panhandle Association of REALTORS®
MLS Number: 793252
APN: 30585-241-000
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.
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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