6201 Thomas Dr, Unit 307

Panama City Beach, FL 32408

$799,999
Price
3
Beds
1,441 Sq. Ft.
$555 / Sq. Ft.
1,441
Sq. Ft.
$555
per Sq. Ft.

Description

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...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

Property Details for 6201 Thomas Drive, Unit 307

Subdivision
WATERCREST CONDO
MLS Sub Area
2723 - Beach - South of Grand Lagoon
Waterfront Type
Gulf/Pass
LISTING UPDATED: 03/04/2025 11:40 AM

Property Details for 6201 Thomas Drive, Unit 307

StatusActive
MLS #968110
Days on Market186
Taxes$7,576 / year
HOA Fees$1,000 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built1987
CountyBay County

Location

Listing Courtesy of: .

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Building Information for 6201 Thomas Drive, Unit 307

Building/Complex6201 Thomas DrFloor3Stories-Residences-Pet Policy-Pet Policy Details-Year Built1987

Payment Calculator

$5,823 per month

30 year fixed, 6.845% Interest

Principal and Interest

$4,192

Property Taxes

$631

HOA Dues

$1,000

The Payment Calculator is for illustrative purposes only.

Property Information for 6201 Thomas Drive, Unit 307

Summary
Location and General Information
  • Absolute Longitude: 85.764319
  • Directions: From Hwy 98 South on Powell Adams Dr East on Thomas, Property on south side of road
  • Longitude: -85.764319
  • Latitude: 30.149403
Taxes and HOA Information
  • Assessment Fees: Yes
  • Assessment Paid: Monthly
  • Fees Include: Advertising,Ground Keeping,Insurance,Legal,Licenses/Permits,Management,Recreational Faclty,Repairs/Maintenance,Sewer,Trash,TV Cable,Water
  • Last Tax Year: 2024
  • Assessment Amount: $1,000
School Information
  • Elementary School: Patronis
  • High School: Arnold
  • Middle School: Surfside
Utilities
  • Utilities: Electric,Phone,Public Sewer,Public Water,TV Cable
Parking
  • Garage YN: No
  • Parking Features: Carport
Property
Parking
  • Carport YN: Yes
Lot Information
  • Area: 27 - Bay County
  • Building Design: N/A
Property and Assessments
  • Project Facilities: Beach,Community Room,Game Room,Tennis
  • Property Type: Residential
Interior and Exterior Features
Exterior Features
  • Exterior: BBQ Pit/Grill, Patio Covered
  • Pool: Yes
  • Pool Type: Community
Interior Features
  • Appliances: Cooktop,Dishwasher,Disposal,Dryer,Fire Alarm/Sprinkler,Range Hood,Refrigerator,Smoke Detector,Stove/Oven Electric,Trash Compactor,Washer
  • Energy: AC - Central Elect,Double Pane Windows,Heat Cntrl Electric,Heat Pump Air To Air,Water Heater - Elect
  • Interior: Breakfast Bar, Floor Tile, Washer/Dryer Hookup
Room Information
Room Information
  • Bedroom: First
  • Master Bedroom: First
  • Master Bedroom and Master Bathroom: MBath Tile
  • Rooms: Bedroom,Dining Room,Full Bathroom,Kitchen,Master Bathroom,Master Bedroom
Bathroom
  • Full Bathroom: First
Kitchen
  • Kitchen: First
Room 1
  • Dimensions: 14 x 12
  • Length: 14.0
  • Width: 12.0
  • Level: 1
  • Area: 168.0
Room 2
  • Dimensions: 13 x 12
  • Length: 13.0
  • Width: 12.0
  • Level: 1
  • Area: 156.0
Room 3
  • Dimensions: 13 x 13
  • Length: 13.0
  • Width: 13.0
  • Level: 1
  • Area: 169.0
Room 4
  • Dimensions: 13 x 5
  • Length: 13.0
  • Width: 5.0
  • Level: 1
  • Area: 65.0
Room 5
  • Dimensions: 8 x 7
  • Length: 8.0
  • Width: 7.0
  • Level: 1
  • Area: 56.0
Room 6
  • Dimensions: 10 x 5
  • Length: 10.0
  • Width: 5.0
  • Level: 1
  • Area: 50.0
Room 7
  • Dimensions: 24 x 15
  • Remarks: Dining/Living Combo
  • Length: 24.0
  • Width: 15.0
  • Level: 1
  • Area: 360.0
Room 8
  • Dimensions: 12 x 11
  • Length: 12.0
  • Width: 11.0
  • Level: 1
  • Area: 132.0
Multi Family
Unit Information
  • Stories In Unit: 1
Rental
Rental Information
  • Is Subject Leased: No

Property History for 6201 Thomas Drive, Unit 307

DateEvent & SourcePriceAppreciation
Feb 8, 2025

Listed (Active)

ECAR #968110

$799,999—
May 20, 2022

Sold

ECAR #899060

$795,000—
May 19, 2022

Sold

CPAR #724505

$795,000—
May 17, 2022

Sold (Public Record)

Public Record #1491241167

$795,000—
May 17, 2022

Sold (Public Record)

Public Record #1491241167

$795,000

+14.3% / yr

Apr 29, 2022

Pending

ECAR #899060

—
Apr 20, 2022

Listed (Active)

ECAR #899060

$775,000—
Apr 5, 2022

Pending

CPAR #724505

—
Apr 5, 2022

In Contract

CPAR #724505

—
Apr 2, 2022

Listed (Active)

CPAR #724505

$775,000—
Jun 7, 2014

Sold

CPAR #618949

$275,000—
Jun 6, 2014

Sold (Public Record)

Public Record #417352753

$275,000—
May 23, 2014

Pending

CPAR #618949

—
Apr 6, 2014

Listed (Active)

CPAR #618949

$298,000—
DateEvent & SourcePrice
02/08/2025

Listed (Active)

ECAR #968110

$799,999
05/20/2022

Sold

ECAR #899060

$795,000
05/19/2022

Sold

CPAR #724505

$795,000
05/17/2022

Sold (Public Record)

Public Record #1491241167

$795,000
05/17/2022

Sold (Public Record)

Public Record #1491241167

$795,000

+14.3% / yr

04/29/2022

Pending

ECAR #899060

—
04/20/2022

Listed (Active)

ECAR #899060

$775,000
04/05/2022

Pending

CPAR #724505

—
04/05/2022

In Contract

CPAR #724505

—
04/02/2022

Listed (Active)

CPAR #724505

$775,000
06/07/2014

Sold

CPAR #618949

$275,000
06/06/2014

Sold (Public Record)

Public Record #417352753

$275,000
05/23/2014

Pending

CPAR #618949

—
04/06/2014

Listed (Active)

CPAR #618949

$298,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6201 Thomas Drive, Unit 307

Taxable ValueLand-Additions$613,241Total-
Tax Record2024$7,576 ($631 / month)
Home Facts
Beds3Total Finished SqFt1,441 SqFtAbove Grade Finished SqFt1,441 SqFtStories2StyleCondominiumYear Built1987CountyBAYAPN30585-227-000

Schools near 6201 Thomas Drive, Unit 307

This home is within Bay.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 3
Rating
School
Distance
Patronis Elementary School
PublicK to 5

Surfside Middle School
Public6 to 8

J.R. Arnold High School
Public9 to 12

A. Gary Walsingham Academy
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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6201 Thomas Drive, Unit 307 is a condo for sale in Panama City Beach, FL 32408. This property was listed for sale on February 8, 2025 by Compass, it's currently listed at $799,999. It has been on the market for a total of 186 days and was last sold on May 20, 2022. This listing's school district is Bay. Nearby schools include Patronis Elementary School, Surfside Middle School and J.R. Arnold High School. 6201 Thomas Drive, Unit 307 is a 3-bed, 3-bath, 1,441 sqft condo built in 1987.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2025 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.