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6201 Thomas Drive Unit 1805, Panama City Beach
$1,175,000
3 Beds ⋅ 3 Baths ⋅ 776263 MLS
Luxurious Gulf Front Penthouse Condo at Watercrest Welcome to coastal paradise living at its finest! Nestled in the heart of Panama City Beach, this exclusive 3-bedroom, 3-bathroom penthouse condo offers a rare opportunity to own a slice of heaven in one of the most sought-after locations along the Gulf Coast. Boasting a prestigious position as one of only four units on the penthouse floor, this fixer-upper presents the perfect canvas for your dream coastal retreat. With cathedral ceilings and recessed lighting enhancing the expansive over 3000 sq ft of living area, you'll be enveloped in a sense of grandeur from the moment you step inside. Indulge in breathtaking panoramic views of the sparkling Gulf waters and sugar-white sands from the nearly 1000 square feet of balcony space, providing the ultimate setting for sunset cocktails and al fresco dining. Positioned as a coveted west corner unit, you'll relish in the unparalleled vistas of the Gulf's shimmering waters and breathtaking sunsets, ensuring every moment is bathed in natural beauty. As a resident of the penthouse floor, you'll enjoy the pinnacle of luxury living with exclusive access to your own private pool, reserved solely for penthouse owners. Immerse yourself in the tranquility of the water, surrounded by the whispering sea breeze and the soothing sound of waves crashing against the shore. This penthouse also includes deeded parking, ensuring convenience and peace of mind for you and your guests. With endless possibilities to customize and finish out to your exact specifications, this penthouse presents a rare opportunity to create a bespoke coastal haven tailored to your every desire. Don't miss your chance to elevate your lifestyle to new heights with this exceptional Gulf Front Penthouse Condo at Watercrest. Contact us today to schedule your private tour and embark on the journey to coastal luxury living.

6201 Thomas Drive Unit 1805, Panama City Beach
6201 Thomas Drive Unit 207, Panama City
$775,000
3 Beds ⋅ 3 Baths ⋅ 782898 MLS
Experience the ultimate in coastal luxury with this fully renovated Gulf-front 3-bedroom, 3-bathroom condo at the highly sought-after Watercrest Condominiums on the east end of Panama City Beach, Florida. Whether you're seeking a high-performing short-term rental investment, a primary residence, or a vacation retreat, this property delivers the perfect blend of comfort, style, and location. Property Highlights: 3 Bedrooms | 3 Bathrooms | Sleeps 14 2 Masters bedrooms on the Gulf Second-floor unit offering breathtaking Gulf views from the spacious private balcony Total renovation with luxury vinyl plank (LVP) flooring throughout Designer bathrooms featuring custom tile showers, with one bathroom including a tub/shower combo Custom-built bunk beds in the third bedroom designed for adult and child comfort Open-concept living and dining area with modern finishes and coastal-inspired décor Amenities Enjoy resort-style living with access to exceptional amenities, including: Heated beachfront pool and hot tub Tennis and pickleball courts 24-hour onsite security for peace of mind Private beach access just steps from your door Location:Perfectly positioned on the east end of Panama City Beach, Watercrest offers walking distance to local restaurants, beach bars, and family-friendly activities. Whether you're exploring nearby St. Andrews State Park, enjoying a sunset dinner, or simply relaxing on your balcony, this condo offers the ideal coastal lifestyle. Investment Potential: With its prime beachfront location, luxury upgrades, and high sleeping capacity, this condo is a turnkey short-term rental machine ready to generate strong rental income from day one. Discover your piece of paradise at Watercrest — where luxury, location, and lifestyle meet.

6201 Thomas Drive Unit 207, Panama City
6201 Thomas 408 Drive Unit 408, Panama City Beach
$722,500
2 Beds ⋅ 2 Baths ⋅ 777698 MLS
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' ALL INVESTORS... DON''T MISS OUT!!! 98.6% verifiable occupancy for short term rentals with this beauty! Spectacular views of the Gulf with this gorgeous totally renovated condo from floor to ceiling. This condo is RENTAL READY AND ALREADY HAS A FOLLOWING WITH THE CURRENT RENTAL MANAGEMENT COMPANY!!! There are upgrades and personal touches to this condo that make it a stand out in the building. Elevators.... NO WAITING.... Floors 1-6 have their own East and West end elevators. The building itself has had several big renovations in the last few years to include new roof, new windows and slider doors, pool, pool deck. New railings and exterior paint for the entire building are to come during off 2025-2026 off season. There are no current special assessments and all required milestones have been met. The HOA is onsite as well making it easy for owners to communicate. 24 hour onsite security, tiki hut with food and beverages. DON'T FORGET the pickle ball and tennis courts and onsite gym for family fun. This popular East End condo is walking distance to many local restaurants and a short 3-5 minute drive to the State Park and other fun local activities.

6201 Thomas 408 Drive Unit 408, Panama City Beach
6201 Thomas Drive Unit 1108, Panama City Beach
$700,000
2 Beds ⋅ 2 Baths ⋅ 787991 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Welcome to Watercrest 1108! This highly desirable floor plan will exceed your expectations with its expansive panoramic views and sunsets over the gulf! This 2 bedroom, 2 bath unit has just been COMPLETELY REMODELED and is ready for its NEW owner. Enjoy tiled flooring throughout with floor to ceiling windows giving it a seemless, open and airy feel. Complete with a NEW HVAC system and all NEW duct work. NEW appliances including washer, dryer, counter depth refrigerator, range and air fryer microwave. The kitchen has NEW cabinets, sink, lighting, countertops and backsplash which has been carried along the entry walls. Fresh NEW paint throughout, NEW battery operated roller shades in the living room and master bedroom giving more view of the Gulf. Both bathrooms have NEW vanities along with countertops. Master bath has NEW tiled walk in shower and the guest bath has a NEW tub with tile surround. Remodeled finished January 2026! This family oriented complex offers activities for the whole family including tennis, shuffleboard, exercise room, pool, hot tub, kiddie pool, bbq grilling area, conference room available to owners, tiki bar with food and drinks and lots of water activities such as parasailing, jet skies, banana boat rides, etc. easily available to book from the beach! Come check out the gorgeous views today!

6201 Thomas Drive Unit 1108, Panama City Beach
6201 Thomas Drive Unit 1101, Panama City Beach
$674,500
2 Beds ⋅ 2 Baths ⋅ 763322 MLS
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS'. STUNNING two bedroom unit with breathtaking panoramic views of the Gulf, featuring an East end wrap-around balcony! Additionally, this unit includes a dedicated COVERED PARKING SPACE for added convenience! One of many perks to this beautiful unit. This sought after property produces Excellent rental income and is ready for immediate occupancy by its new owner. It features an Oversized living area with two spacious bedrooms accommodating large families or sizable groups. Beautifully decorated and furnished. Watercrest is a family oriented complex that enjoys strong rental performance and offers a variety of amenities, including tennis courts, shuffleboard, pickle ball, a fitness room, hot tub, heated pool. kiddie pool, and snack bar. Don't miss the opportunity to view this impressive unit!

6201 Thomas Drive Unit 1101, Panama City Beach
6201 Thomas Drive Unit 1510, Panama City
$670,000
2 Beds ⋅ 2 Baths ⋅ 788806 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Welcome to Watercrest 1510, a stunning beachfront retreat in the heart of Panama City Beach, Florida. Perfectly perched on the 15th floor, this luxurious two-bedroom, two-bath condominium delivers everything you envision when you picture coastal paradise--panoramic ocean views, warm Gulf breezes, and unforgettable sunsets over sugar-white sands! There is a third sleeping area with bunks that is generating additional rental revenue. This property has a proven rental history, making it an outstanding investment and personal escape in one. Guests return year after year for its unbeatable location and sophisticated comfort. Recently refreshed with over $110,000 in renovations, Watercrest 1510 shines with style and attention to detail. Fresh finishes, modern furnishings, and an open-concept design showcase coastal elegance while maintaining easy, livable charm! Step inside and you're immediately greeted by breathtaking, floor-to-ceiling views of the Gulf of Mexico. The light-filled living area opens directly to a wraparound balcony--a signature feature of this unit--offering nearly endless horizons and sea breezes from sunrise to sunset. There's space for morning coffee, leisurely lunches, or sunset cocktails as the sky transforms into shades of gold and coral. A second private balcony extends the outdoor living space, giving you multiple vantage points to take in the view and overlooking the tennis courts! Inside, the kitchen features upgraded appliances, sleek countertops, and new cabinetry--designed for both beauty and functionality. The bedrooms are tranquil retreats, the master suite featuring direct balcony access and an oceanfront panorama that makes waking up feel extraordinary. Every corner has been curated for relaxation, from the luxurious bathrooms to the thoughtful coastal décor! Watercrest is one of Panama City Beach's most desirable resorts, known for its prime beachfront location and array of amenities. Enjoy a large beachfront pool, hot tub, kiddie pool, fitness center, tennis courts, and direct access to the soft sands of the Gulf coast. The building is well-maintained and conveniently situated near top local attractions, dining, and entertainment--everything you or your guests could want within minutes! Whether you're seeking an income-producing investment or a private oceanfront getaway, Watercrest 1510 delivers the best of both worlds: modern comfort, timeless views, and the ultimate Panama City Beach lifestyle. With turnkey upgrades, a strong rental record, and a setting built for memory-making, this is your chance to own a piece of Gulf Coast perfection! Watercrest 1510--where every sunset feels like it was meant just for you!

6201 Thomas Drive Unit 1510, Panama City
6201 Thomas Drive Unit 409, Panama City
$602,500
2 Beds ⋅ 2 Baths ⋅ 776372 MLS
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' must be placed at the beginning of the Public Remarks. This recently remodeled 2-bedroom, 2-bath condo offers breathtaking Gulf views and is just steps from the powder-white sands of Panama City Beach. Thoughtfully updated and beautifully furnished with stylish, comfortable décor, this condo is being sold fully equipped--ready for immediate enjoyment or income production. Enjoy morning coffee or sunset cocktails from your private balcony overlooking the Gulf. The unit features impact-resistant windows and doors, offering added value and peace of mind. Located in a well-appointed resort with top-tier amenities: beachfront pool, tiki bar, heated pool and hot tub, fitness center, racquetball, and tennis courts. Just minutes to St. Andrews State Park, Grand Lagoon, and great local dining. Whether you're seeking a beachfront getaway or a strong vacation rental investment, this condo checks all the boxes.

6201 Thomas Drive Unit 409, Panama City
6201 Thomas Drive Unit 202, Panama City Beach
$585,000
2 Beds ⋅ 2 Baths ⋅ 781052 MLS
This is one of the most desirable units at Watercrest: a second-floor east-end condo that combines rare location, generous square footage, and unbeatable views. Skip the elevator and step right onto the sand or pool - this prime low-floor location makes beach days effortless and is popular with rentals. Inside, the spacious layout offers larger rooms than most 2-bedroom condos, and the end-unit positioning brings in extra windows that flood the space with natural light and stunning Gulf views from every angle. Sliding doors lead to an oversized corner balcony - one of the largest you'll find in Panama City Beach- with panoramic south and east views. The Gulf-front master suite with king bed also opens to the balcony, while the second bedroom fits two queen beds. The kitchen has been upgraded with oak cabinetry, granite countertops, stainless steel appliances, a newer sink and faucet, and a bar-height counter perfect for casual dining. Both bathrooms have also been updated with new cabinets and vanities, and tile runs throughout the living area, hallway, kitchen, and bathrooms. A separate laundry area provides a full-sized washer and dryer plus extra storage space. Sold fully furnished, the unit sleeps eight and is rental-ready. The unit's front door was replaced in 2024. Watercrest recently completed a $4.5 million renovation, including a new roof, windows, balcony doors, exterior paint, deck surfacing, and pool improvements - everything feels fresh and beautifully maintained. The well-managed HOA includes cable TV, internet, and a portion of the HVAC expenses in the monthly fees. Enjoy resort-style amenities like a heated pool, hot tubs, a kiddie pool, a poolside tiki bar, tennis, pickleball, racquetball, a fitness center, saunas, BBQ grills, an owner's lounge, beach rental service, covered parking, and 24/7 security. Tucked away on the quiet end of Panama City Beach near Schooners and St. Andrews State Park, this unit is a rare find with serious income potential. Don't miss your chance - schedule a private showing today!

6201 Thomas Drive Unit 202, Panama City Beach
6201 Thomas Drive Unit 1006, Panama City
$575,000
2 Beds ⋅ 2 Baths ⋅ 789292 MLS
Owner financing to beat a current bank rate approval! Welcome to your slice of paradise at Watercrest Condominiums in Panama City Beach! This beautifully remodeled beachfront condo offers breathtaking Gulf views and a spacious open floorplan designed for comfort and entertaining. Whether you're searching for a personal coastal retreat or a proven rental income opportunity, this fully turnkey unit checks all the boxes. Enjoy updated finishes throughout, a modern kitchen, and expansive balconies that bring the beauty of the beach right into your living space. Watercrest is a highly desirable, amenity-rich resort offering gulf front pool, tennis courts, game room, community room, racquet ball court and on site security. Don't miss this chance to own in one of PCB's most established beachfront communities--perfect for full-time living, a vacation getaway, or a high-performing investment.

6201 Thomas Drive Unit 1006, Panama City
6201 Thomas Drive Unit 1210, Panama City
$570,000
2 Beds ⋅ 2 Baths ⋅ 785299 MLS
Experience elevated coastal living in this beautifully appointed **2-bedroom, 2-bath Gulf-front condo** at Watercrest, featuring a rare wrap-around balcony with breathtaking views of both the Gulf and the Bay. Designed for comfort, style, and strong rental performance, this property offers the ideal blend of personal retreat and high-performing investment opportunity. ## Property Highlights - **Direct Gulf-front location** with expansive wrap-around balcony - **Two spacious master suites**, each with private ensuite bathrooms - **Custom wood cabinetry** throughout - **Granite countertops** in kitchen and bathrooms - **Tile flooring throughout** for durability and easy maintenance - Proven **short-term rental investment** with exceptional ROI potential ## Interior Features This thoughtfully designed floor plan provides privacy and functionality with two true master suites, making it ideal for vacation rentals or hosting guests. The open-concept living and dining area flows seamlessly to the oversized balcony, creating an indoor-outdoor coastal experience with panoramic water views. The kitchen is upgraded with rich custom wood cabinetry, granite countertops, and ample storage, perfect for entertaining or extended stays. Tile flooring throughout enhances the coastal aesthetic while offering long-term durability for rental use. ## Outdoor Living & Views The rare wrap-around balcony is a standout feature, delivering sweeping views of both the emerald Gulf waters and the serene Bay. Enjoy sunrise and sunset vistas, coastal breezes, and front-row seats to beachside beauty from multiple vantage points. ## Resort-Style Amenities Watercrest offers an impressive array of amenities designed for relaxation and recreation: - **Pickleball courts** - **Tennis courts** - **Fitness center / workout facility** - **On-site HOA management** - Gulf-front pool and beach access ## Prime Location Located off the highly sought-after **Thomas Drive**, this condo places you near: - Popular local restaurants - Shopping and entertainment - St. Andrews State Park - Marinas and waterfront activities Whether you're seeking a personal beach getaway, a second home, or a high-performing short-term rental investment, Watercrest 1210 offers exceptional value in a premier Gulf-front setting. This is a rare opportunity to own a turnkey coastal property with stunning views, outstanding amenities, and strong income potential.

6201 Thomas Drive Unit 1210, Panama City
6201 Thomas Drive Unit 501, Panama City
$550,000
2 Beds ⋅ 2 Baths ⋅ 793252 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. THIS END UNIT CONDO IS A STEAL!....PRICED AT JUST $575,000....WELL BELOW MARKET VALUE.. AVAILABLE TO SHOW ANYTIME.......Welcome to Watercrest 501--your private Gulf-front sanctuary in the heart of Panama City Beach. This beautifully renovated beachfront condominium offers breathtaking panoramic views of the emerald waters and sugar-white sands that have made the Emerald Coast famous.This spacious two-bedroom, two-bath condo has been totally renovated including new kitchen and baths. It has not been in a rental program, but is furnished and ready to go if that is what you would like and is an exceptional opportunity for both investors and those seeking their own beachfront escape. The moment you step inside, your attention is drawn to the spectacular floor-to-ceiling Gulf views. The expansive living area flows seamlessly onto the oversized wraparound balcony, where you'll enjoy uninterrupted vistas of the Gulf of Mexico, refreshing sea breezes, and unforgettable sunsets. Whether you're sipping your morning coffee, dining al fresco, or relaxing with an evening cocktail, this outdoor living space is simply extraordinary. A second private balcony provides additional outdoor enjoyment while overlooking the tennis courts, offering yet another peaceful retreat to enjoy Florida's beautiful weather. Watercrest is consistently recognized as one of Panama City Beach's premier Gulf-front resorts, offering an impressive selection of amenities including: Large beachfront swimming pool Hot tub Kiddie pool Fitness center Tennis courts Direct access to the pristine beaches of the Gulf Ideally located, Watercrest places you just minutes from exceptional restaurants, shopping, entertainment, golf, fishing, and many of Panama City Beach's most popular attractions. Whether you're searching for a high-performing investment property, a luxurious second home, or your own permanent beachfront residence, Watercrest 501 delivers on every level. With extensive renovations, spectacular Gulf views, and a truly turnkey condition, this is a rare opportunity to own one of the area's finest beachfront condominiums. Experience the beauty of Gulf-front living at Watercrest 501--where every sunrise inspires, every sunset captivates, and every day feels like a vacation.

6201 Thomas Drive Unit 501, Panama City
6201 Thomas Drive Unit 302, Panama City Beach
$550,000
2 Beds ⋅ 2 Baths ⋅ 781704 MLS
This beautifully updated Watercrest condo is sure to impress you and your guests! This beachfront unit has expansive gulf views from the low 3rd floor. Watercrest offers easy access with ample parking in front of the building, no parking garage or crosswalk to bother with, just park and take the stairs or one of 4 elevators up to your unit, easy access! The spacious floorplan offers over 1,400 square feet of coastal living space. Step inside and you will immediately be wowed with corner views of the glistening gulf waters! The gorgeous kitchen features updated cabinetry, quartz countertops, oversized kitchen island, and stainless-steel appliances. The open living area is perfect for entertaining as it offers space for the full-sized dining table and multiple seating options in the living room. Step out onto the deep corner balcony where you can relax after a long day at the beach, there are few units in PCB with balconies this large. The master bedroom is simply serene with the soft color palette with balcony access to take in those incredible gulf views. The ensuite bathroom has been updated with a walk-in shower, double shower heads and bench. Closet space certainly isn't an issue with two closets in the bedroom and a linen closet in the master bath. The large second bedroom has 2 queen beds, a spacious guest closet and private Owner's closet. The second bathroom offers a large vanity, a walk-in shower with bench and double shower heads. Off the entry is a spacious laundry area with a full-sized washing machine and dryer, also room to store beach gear. The main living area has updated vinyl plank flooring with tile in the bathrooms and laundry area. Throughout you will also find updated lighting and remote-controlled ceiling fans. This unit has it all! Watercrest offers guests a large, heated swimming pool, hot tub, kiddie pool, poolside bar & grill (open seasonally), tennis & pickle ball courts, outdoor showers, picnic area, charcoal grills, & fitness center!

6201 Thomas Drive Unit 302, Panama City Beach
6201 Thomas Drive Unit 1702, Panama City Beach
$485,000
2 Beds ⋅ 2 Baths ⋅ 774509 MLS
BACK ON THE MARKET AT NO FAULT OF THE SELLER!!! This is the best deal in Panama City Beach!!! Look at this great opportunity in Watercrest! This spacious 2-bedroom end unit is priced perfectly for you to renovate the way you want! This is one of the best layouts in Watercrest, and all of Panama City Beach! This condominium features a huge, covered corner balcony. You have extra windows that flood the living area with natural light and offer stunning views all the way to the pass. The master bedroom has a king bed and opens to the balcony. The oversized guest bedroom includes two queen beds, making it ideal for guests or vacation rentals. The open-concept kitchen and living area create the perfect coastal retreat. Enjoy peace of mind with all windows and doors upgraded to impact glass. HVAC 2018, hot water heater 2025, and new stackable washer and dryer too! Watercrest is ideally located on Thomas Drive, near top restaurants, shops, marinas, and St. Andrews State Park. Enjoy resort-style amenities including tennis courts, pickleball, shuffleboard, heated pool, hot tub, kiddie pool, snack bar, and a fully equipped fitness center. Don't miss your chance to make this your next beach investment or personal getaway—call us today!

6201 Thomas Drive Unit 1702, Panama City Beach
6201 Thomas Dr Unit UNIT 1402, Panama City Beach
$460,000
2 Beds ⋅ 2 Baths ⋅ 1005539 MLS ⋅ 1,404 SqFt.
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. Deals like this don't last--especially when they check every box. If you're looking for value, views, and income potential... this is the one!!!

6201 Thomas Dr Unit UNIT 1402, Panama City Beach
6201 Thomas Drive Unit 1402, Panama City Beach
$460,000
2 Beds ⋅ 2 Baths ⋅ 789472 MLS
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. Deals like this don't last--especially when they check every box. If you're looking for value, views, and income potential... this is the one!!!

6201 Thomas Drive Unit 1402, Panama City Beach
6201 Thomas Drive Unit 1405, Panama City
$460,000
2 Beds ⋅ 2 Baths ⋅ 787265 MLS
*BEST PRICED UNIT AT WATERCRES Tby over $80k! #1405 Watercrest Condo at 6201 Thomas Dr. This 2-bedroom 2-bath Gulf Front condo has great views of the Gulf. ** The lowest Priced condo at Watercrest for just $495,000. ** This 14th floor condo is in the center of the building. Large totally private balcony can't be seen from any other unit. Recently remodeled with high-end finishes. Large Beautiful 2 Bedroom/2 Bath Gulf Front condo. This is a great location on the desirable East End of the Beach. (Quiet, less traffic and the Best Restaurants). With the large living room and dining area and boasting a whopping 1,379 sq. ft of floorspace, you have plenty of room for large family get togethers. This condo will give you the perfect place to make many wonderful memories. Watercrest is a very popular beach destination which makes this a very good investment property. Take a look at this condo today. (This building has passed the Milestone Inspections. All new exterior hurricane doors)

6201 Thomas Drive Unit 1405, Panama City

Vendor Member Number : 28166