NOT LISTED FOR SALE

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

Estimated Value: $585,000 - $771,000

2 Beds
2 Baths
1,367 Sq Ft
$1,035/mo HOA Fee

Last Sold July 10, 2024

Last sale price $735,000 $538 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $5,112/month

29 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • 24-Hour Security
  • Patronis Elementary School Rated A-
  • Deeded access to the beach
  • Heated In Ground Pool

About This Home

As of July 2024

WELCOME TO YOUR NEW PERSONAL HOME OR INVESTMENT CONDO!!! NEVER RENTED UNTIL MARCH 2024. 100K Plus GROSS RETURN ON INVESTMENT PROJECTED! ( See documents for Rental projection). 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 roof, exterior paint, new windows and slider doors, pool, pool deck and hot tub have also been renovated. 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. 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.The HOA is onsite on the 3rd floor as well making it easy for owners to communicate. Don't miss out.

Last Agent to Sell the Property

Sassy French

Keller Williams Success Realty License #SL3401216 Listed on: 04/02/2024

Keller Williams Success Realty

Last Buyer's Agent

Deborah French

Aronov Realty Brokerage, INC License #SL3401216

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,111

Year Built

  • Built in 1987 | Remodeled

Lot Details

  • Property fronts gulf or ocean

HOA Fees

  • $1,035 Monthly HOA Fees

Home Design

  • Newly Painted Property
  • Stucco

Interior Spaces

  • 1,367 Sq Ft Home
  • Furnished
  • High Ceiling
  • Recessed Lighting
  • Fireplace
  • Living Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

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

  • Association fees include management, cable TV, internet, legal/accounting, ground maintenance, pool(s), sewer, security, tennis courts, trash, water
  • 174 Units
  • Watercrest HOA
  • High-Rise Condominium
  • Watercrest Condo Subdivision
  • 18-Story Property

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

$6,111

Year Built

Built in 1987 | Remodeled

Lot Details

0

HOA Fees

$1,035 per month

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
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Interior Amenities: Fireplace, High Ceilings, New Paint, Pantry, Remodeled, Recessed Lighting
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Fireplace: Yes
  • Living Area: 1367.0
  • Dining Room Type: Kitchen, Living Room, Primary Bedroom
  • Stories: 18
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: Electric Heat, In Ground, Community, Pool
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf, Shoreline - Sand, Waterfront
  • Waterfront: Yes
  • Construction Type: Stucco
  • Exterior Features: Built-in Barbecue, Balcony, Pool
  • Patio And Porch Features: Balcony
  • Property Condition: Updated/Remodeled

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: 3104.4
  • Community Features: Beach, Fitness Center, Other, See Remarks, Short Term Rental Allowed, Tennis Court(s), Pool
  • Amenities: Beach Rights
  • Association Fee Frequency: Quarterly
  • Association Name: Watercrest HOA
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Internet, Legal/Accounting, Maintenance Grounds, Other, Pool(s), Sewer, See Remarks, Security, Tennis Courts, Trash, Water

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Features: Waterfront
  • Zoning Description: Resort

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units In Community: 174

Tax Info

  • Tax Annual Amount: 6111.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2024
Closed on
Jul 9, 2024
Sold by
French Deborah Anne
Bought by
Leynes Kirsten M and Leynes Zaldy
Seller's Agent
Sassy French
Keller Williams Success Realty
Buyer's Agent
Sassy French
Keller Williams Success Realty
List Price
$750,000
Sold Price
$735,000
Premium/Discount to List
-$15,000
-2%
Views
25
Current Estimated Value
$651,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$83,407
Avg. Annual Appreciation
-7.06%
Original Mortgage
$551,250
Outstanding Balance
$547,111
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$131,015

Purchase Details

Closed on
Dec 29, 2017
Sold by
Crowder Charles R and Crowder Carol
Bought by
Colson William K and Colson Anita R

Purchase Details

Closed on
Jun 4, 2008
Sold by
Duncan Clyde T and Duncan Patricia L
Bought by
Crowder Charles R and Crowder Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2000
Sold by
Walker Greg W
Bought by
Duncan Clyde T and Duncan Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.34%
Source: Public Records

Range of Values:

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Average Value
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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
Leynes Kirsten M $735,000 South Oak Title
Colson William K $287,000 Attorney
Crowder Charles R $300,000 Attorney
Duncan Clyde T $243,000 Lawyers Title Agency Of Nort
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leynes Kirsten M $551,250
Previous Owner Crowder Charles R $210,000
Previous Owner Duncan Clyde T $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2024 07/10/24 Sold $735,000 +1.4% $538 / Sq Ft
05/02/2024 05/02/24 Pending -- -- --
04/11/2024 04/11/24 Price Changed $725,000 -3.3% $530 / Sq Ft
04/02/2024 04/02/24 For Sale $750,000 -- $549 / Sq Ft
Source: Central Panhandle 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 $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

Agents Affiliated with this Home

  • Sassy French

    Seller's Agent in 2024

    Sassy French

    Keller Williams Success Realty

    (865) 617-6184

    18 in this area

    78 Total Sales

    Section Image

  • D

    Buyer's Agent in 2024

    Deborah French

    Aronov Realty Brokerage, INC

  • N

    Buyer Co-Listing Agent in 2024

    Non Member

    NON-MEMBER OFFICE

See All Agents

About Watercrest Condo

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 755115

Central Panhandle Association of REALTORS®

APN: 30585-231-000

Florida Bay County Panama City Beach 32408

6201 Thomas Dr Unit 401, Panama City Beach, FL

This home is located at 6201 Thomas Dr Unit 401, Panama City Beach, FL 32408 since 02 April 2024 and is currently estimated at $661,317, approximately $483 per square foot. This property was built in 1987. 6201 Thomas Dr Unit 401 is a home located in Bay County with nearby schools including Patronis Elementary School, J.R. Arnold High School, and Surfside Middle School.

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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