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6201 Thomas Drive 401, Panama City, FL 32408

Panama City, FL 32408
  • 2 Beds
  • 2 Baths
  • 1,367 Sq Ft
  • 1987 Built
  • MLS 783667

About this home

WELCΟMΕ ΤΟ YΟUR NΕW PERSONAL HOME OR ΙNVESΤMENT 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

Property details

Property typeCondominium
StatusActive
Area03 - Bay County - Beach
SubdivisionWatercrest Condo
CityPanama City
CountyBay
Zip32408
StyleHighRise
Taxes$7,102
Tax year2025
HOAYes
HOA fee$3,224/qtr
WaterfrontYes
ViewGulf
Special conditionsListedAsIs

Interior

Total rooms3
Full baths2
AppliancesElectricCooktop,ElectricOven,ElectricWaterHeater,IceMaker
CoolingCentralAir
HeatingCentral,Electric
Interior featuresBalcony,DoubleVanity,MainLevelPrimary,WalkInClosets

Exterior & lot

Lot dimensions0x0
PoolElectricHeat,InGround,Community
ParkingAdditionalParking,ParkingLot
Road frontageCity Street
Other structuresOther, Tennis Courts
Exterior featuresBarbecue

Schools

ElementaryPatronis
MiddleSurfside
HighArnold

Community

Community featuresBeach, Fitness Center, Pool, Tennis Courts, Barbecue, Community Pool, Short Term Rental Allowed
DirectionsFrom the Hathaway bridge travel south on Navy Drive, go past the curve where Newby's is at and continue on for about a mile. Watercrest will be on your left. Look for the big green ''W'' on the front of the building.

Data source: Central Panhandle Association of REALTORS®

Location

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