6201 Thomas Drive #1402
Panama City Beach, FL 32408
2
Bed
2
Bath
In a market full of noise, buyers want two things: LOW price and AMAZING views--and this one has BOTH!!! This 2-bedroom end unit at Watercrest is priced as the lowest in the entire building, giving you an incredible opportunity to walk in with instant equity and serious cash flow potential. And the views? Absolutely unreal. Being a corner unit, you get unobstructed panoramic Gulf views, extra windows, tons of natural light, and that open, elevated feel buyers and renters go crazy for. This is the kind of property that doesn't just sit--it performs. With this price point + these views, you're perfectly positioned to attract more bookings, increase rental income, and maximize returns. Plus, Watercrest offers a tennis court, adding even more appeal for guests and owners alike.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Rooms Total: 2 -
Interior Features
Appliances: ElectricRange, ElectricWaterHeater, IceMaker -
Heating & Cooling
Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir, CeilingFans Water front: 1
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Building Information
Year Built: 1987Building Area Total: 1404Patio And Porch Features: BalconyPool Features: CommunityPrivate Pool: NoWater front Features: Gulf,ShorelineSandView: Gulf
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Lot Information
Lot Dimensions: 0*0Property Information
Subdivision: Watercrest Condo Source Property Type: Residential MLS Area Minor: 0323 - Beach - South of Grand Lagoon Zoning Description: Resid Multi-Family Property SubType: Condominium Property Age: 39
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Listing Price Information
Listing Price: $525000
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Tax Information
Parcel Number: 30585322000 Tax Legal Desc: WATERCREST CONDO UNIT 1402 (TYPE B) ORB 1149 P 1677 2BR 2B 1404 H&C ORB 3537 P 2247 . ORB 4291 P 1497
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Virtual Tour
Parking Information
ParkingLotHomeowners Association Information
Has Association: YesAssociation Amenities: SpaHotTubCommunity Features: Beach, FitnessCenter, Pool, TennisCourts, Waterfront, CommunityPool, ShortTermRentalAllowed
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School Information
Elementary School: Patronis Junior High School: Surfside Senior High School: Arnold -
Utility Information
ElectricityAvailable, HighSpeedInternetAvailable -
Location Information
Direction: From the Hathaway Bridge, head south onto Thomas Drive and continue for about 5-7 miles toward the east end of the beach; after passing Regency Towers and getting close to Schooners Beach Club, you'll find Watercrest Condominium on the left side--look for the large green ''W'' sign, then turn into the driveway and proceed to parking, take the elevator to the 14th floor, and head to Unit 1402. Security Features: FireSprinklerSystem,SmokeDetectors
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2602 Mystic Lane #PO34, Panama City Beach, FL, 32408 | $394,000 | 2 | 2 | -- | |
| 4133 Cobalt Circle #22, Panama City Beach, FL, 32408 | $549,900 | 4 | 5 | -- | |
| 2605 Mystic Lane #PO21, Panama City Beach, FL, 32408 | $359,000 | 2 | 2 | -- | |
| 4100 Marriott Drive #511, Panama City Beach, FL, 32408 | $435,000 | 2 | 2 | -- | |
| 4100 Marriott Drive #309, Panama City Beach, FL, 32408 | $479,000 | 2 | 2 | -- | |
| 4100 Marriott Drive #708, Panama City Beach, FL, 32408 | $499,000 | 2 | 2 | -- | |
| 4100 Marriott 410 Drive.., Panama City Beach, FL, 32408 | $399,900 | 2 | 2 | -- | |
| 4725 Bay Point Road #166, Panama City Beach, FL, 32408 | $174,900 | 1 | 1 | -- | |
| 4725 Bay Point Road #260, Panama City Beach, FL, 32408 | $209,900 | 1 | 1 | -- | |
| 4725 Bay Point Road #258, Panama City Beach, FL, 32408 | $242,000 | 1 | 1 | -- |
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ByOwner last updated this listing 06/07/2026 @ 13:55
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