About This Home
This 1-bedroom, 1-bathroom condo at 6205 Thomas Drive #F12 in Panama City, FL is listed for $260,000 ($329 per sqft). Built in 1984, the home offers 790 sqft of living space on a N/A lot.
Key Features
- Built in 1984
Property Details
Amenities
Looking for your slice of paradise with proven rental history? This 1-bedroom + loft condo at Nautical Watch on the east end of Panama City Beach is priced as a 1 bedroom, but earns higher rental income of a 2 bedroom. Fully furnished and turnkey, it delivers strong annual gross rental income.
In 2025 alone it generated $35,000 in gross revenue. Just steps from the famous sugar-white sandy beaches and emerald Gulf waters. Half a mile west of Schooners and 1.5 miles east of Pineapple Willie's, you're close to restaurants, mini-golf, and attractions while still enjoying a quieter stretch of the beach.
The complex has a locked, gated beach access so the parking lot stays for owners and guests only--no random beach traffic. Resort-style amenities without the high-rise hassle Low-rise building with easy front-door parking. Beautiful heated pool that snowbirds love in the late fall and winter.
Two propane grills on-site for owners and renters. Exceptionally low carrying costs HOA is only $620/month ($1,860 paid quarterly)--significantly lower than most comparable complexes. It covers exterior insurance (walls out), water, pest control, pool, landscaping, roof, parking lot, security, and more.
Your only regular bills are electric (averages ~$110/month) and Wi-Fi (~$40/month). No special assessments in the 12+ years of current ownership, and none are planned. Updated & protected:Brand-new HVAC system installed last year, hurricane-proof sliding glass door to the patio (1 year old), hurricane-proof windows recently replaced, refrigerator ~
18 months old; washer/dryer combo 4-6 years old, A/C sensors for when doors are left open to save your energy and HVAC system. Clean, low-maintenance, and ideally located for both personal use and strong rental demand. This unit is perfect for your family trips or a solid short term rental investment. Don't miss this one!
Monthly Cost Estimate
$3,251/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
6205 Thomas Drive #F12
Panama City, FL 32408
Nautical Watch II
Property Details
Heating
Cooling
Questions & Answers
This 1-bedroom, 1-bathroom condo at 6205 Thomas Drive is listed at $260,000 ($329/sqft). The estimated monthly payment is $3,251 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.
HOA fees are $1860/month.
Key features include: Built in 1984.
This property is listed by Brittany Whittaker and can be reached at 2533031157.
