Turnkey Gulf-Front Investment Opportunity in Watercrest - Panama City Beach!Looking for the perfect rental machine or vacation retreat? This 3-bedroom, 3-bathroom condo in the highly sought-after Watercrest building is a proven income generator, booked solid and sold fully furnished. Situated on the prime 3rd floor, this unit boasts two gulf-front master suites, each with a king bed, private en-suite bath, and direct balcony access--ideal for maximizing rental appeal. The coastal-inspired interior features an updated kitchen, walk-in showers, tile flooring, tongue-and-groove ceilings, and an open layout with breathtaking pool and beach views.Exclusive 3rd-Floor Perk: Watercrest offers a private-feel elevator that only services floors 1-4--minimizing wait times and maximizing co
For sale
$799,999
6201 Thomas Dr UNIT 307, Panama City Beach, FL 32408
3beds
1,441sqft
Est.:
Condominium
Built in 1987
-- sqft lot
$763,300 Zestimate®
$555/sqft
$1,000/mo HOA
What's special
Direct balcony accessTwo gulf-front master suitesOpen layoutTongue-and-groove ceilingsCoastal-inspired interiorTile flooringUpdated kitchen
- 105 days
- on Zillow |
- 118 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: March 04, 2025 at 03:40am
Listed by:
George P Doulamis 561-402-9123,
Compass
Source: ECAOR,MLS#: 968110
Originating MLS: Emerald Coast

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: First
Bedroom
- Level: First
Primary bathroom
- Features: MBath Tile
Bathroom
- Level: First
Kitchen
- Level: First
Heating
- Electric, Heat Pump Air To Air
Cooling
- Electric
Appliances
- Included: Cooktop, Dishwasher, Disposal, Dryer, Range Hood, Refrigerator, Electric Range, Trash Compactor, Washer, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Breakfast Bar, Bedroom, Dining Room, Full Bathroom, Kitchen, Master Bathroom, Master Bedroom
- Flooring: Tile
- Windows: Double Pane Windows
Interior area
- Total structure area: 1,441
- Total interior livable area: 1,441 sqft
Property
Parking
- Parking features: Carport
- Has carport: Yes
Features
- Stories: 1
- Patio & porch: Patio Covered
- Exterior features: Barbecue, Tennis
- Pool features: Community
- Waterfront features: Gulf/Pass, Beach
Details
- Parcel number: 30585227000
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Concrete
Condition
- Construction Complete
- Year built: 1987
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Phone Connected, Cable Connected
Community & HOA
Community
- Features: Community Room, Game Room
- Security: Fire Alarm/Sprinkler, Smoke Detector(s)
- Subdivision: Watercrest Condo
HOA
- Has HOA: Yes
- Services included: Advertising, Maintenance Grounds, Insurance, Legal, Licenses/Permits, Management, Recreational Faclty, Maintenance Structure, Sewer, Trash, Cable TV, Water
- HOA fee: $1,000 monthly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $555/sqft
- Tax assessed value: $675,750
- Annual tax amount: $7,576
- Date on market: 2/8/2025
- Listing terms: Conventional
- Electric utility on property: Yes
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