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About This Home

This 2-bedroom, 2-bathroom condo at 6201 Thomas Drive in Panama City, FL is listed for $600,000 ($435 per sqft). Built in 1987, the home offers 1,379 sqft of living space on a N/A lot.

Agent Description

WANT TO BE LESS THAN A MILE TO THE NEW TOOTSIES?????? WATERCREST 406 IS WHERE ITS AT!!! Wake up to the sound of waves and step directly onto the sugar-white sands of Panama City Beach from this beautifully positioned beachfront condo. Located on a desirable low floor, this residence offers effortless access while still delivering sweeping Gulf views and the coastal lifestyle buyers seek.

The spacious floor plan is designed for comfort and functionality, featuring large bedrooms and a highly sought-after master suite positioned directly on the Gulf. Wake up each morning to panoramic water views and enjoy private balcony access from your own retreat.

A separate laundry room adds everyday convenience, while the generous living and dining areas create the perfect space for entertaining family and guests. This building has undergone extensive upgrades, giving buyers peace of mind and modern appeal. Recent improvements include fresh exterior paint, new balcony railings, resurfaced patios, and a newly refinished heated pool--perfect for year-round enjoyment.

Even better, there are no current special assessments, and the property has successfully met all required milestones and reserve study standards. Accessibility is enhanced with private elevators located on both the east and west ends of the building, servicing up to the 6th floor for added convenience and privacy.

For investors, this property presents an exceptional opportunity. Short-term rentals are allowed, with projected annual rental income ranging from $70,000 to $90,000 depending on owner usage, making it both a luxurious getaway and a strong income-producing asset. Whether you're searching for a primary residence, vacation home, or high-performing rental property, this beachfront condo offers the perfect blend of location, lifestyle, and value on one of Florida's most iconic coastlines.

Key Features

  • Built in 1987
  • Waterfront

Property Details

2 full
#406
1987

Amenities

WaterfrontA/C

Monthly Cost Estimate

$3,209/mo

20% down · 6.5% · 30 years

Principal$434
Interest$2,600
Insurance$175

Estimates only. Actual payments may vary.

Location

6201 Thomas Drive

Panama City, FL 32408

Watercrest Condo

Property Details

Construction

Stucco

Parking

Parking Lot

Heating

Electric (Heating)Central

Cooling

Central Air

Appliances

WasherDryerStackedElectricOvenElectricWaterHeater

Questions & Answers

This 2-bedroom, 2-bathroom condo at 6201 Thomas Drive is listed at $600,000 ($435/sqft). The estimated monthly payment is $2,600 based on 20% down at 6.5% interest.

Key features include: Built in 1987, Waterfront.

This property is listed by Sassy French and can be reached at 8656176184 or sassyrealtor850@gmail.com.

SF

Sassy French

Agent at Keller Williams Success Realty

(865) 617-6184

Listed by Keller Williams Success Realty · View on Broker Site

MLS# 789656· Source: listhub· Updated 24 days ago

Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

6201 Thomas Drive, Panama City, FL 32408

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