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$575,000
2 Beds ⋅ 2 Baths ⋅ 793252 MLS
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

Listing courtesy of Realty Mark Associates.

$650,000
2 Beds ⋅ 2 Baths ⋅ 792401 MLS
Welcome to Unit 609 at Watercrest, where breathtaking Gulf views and resort-style living come together in one of Panama City Beach's most desirable beachfront communities. This beautifully maintained 2-bedroom, 2-bath condominium offers an open-concept floor plan designed to maximize both comfort and the stunning views of the Gulf of Mexico. The spacious living area flows seamlessly onto a large private balcony, providing the perfect place to enjoy morning coffee, spectacular sunsets, or the soothing sound of the waves. The well-appointed kitchen features ample cabinetry, generous counter space, and a breakfast bar that opens to the dining and living areas, making it ideal for entertaining. The Gulf-front primary suite offers private balcony access, beautiful water views, and an ensuite bathroom with a double vanity and separate walk-in shower. The guest bedroom provides comfortable accommodations for family and friends, while the second full bathroom is conveniently located nearby. Watercrest is known for its exceptional amenities, including a Gulf-front swimming pool, hot tub, fitness center, tennis courts, private beach access, covered parking, and 24-hour security. Conveniently located on the east end of Thomas Drive, you'll enjoy easy access to marinas, dining, shopping, St. Andrews State Park, and all that Panama City Beach has to offer. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity, this Gulf-front condominium offers the perfect combination of location, lifestyle, and coastal charm.

6201 Thomas Drive Unit 609, Panama City

Listing courtesy of Miller & Associates Realty.

$600,000
2 Beds ⋅ 2 Baths ⋅ 789656 MLS
WANT TO BE LESS THAN A MILE TO THE NEW TOOTSIES?????? WATERCREST 406 IS WHERE ITS AT!!! Wake up to the sound of waves and step directly onto the sugar-white sands of Panama City Beach from this beautifully positioned beachfront condo. Located on a desirable low floor, this residence offers effortless access while still delivering sweeping Gulf views and the coastal lifestyle buyers seek. The spacious floor plan is designed for comfort and functionality, featuring large bedrooms and a highly sought-after master suite positioned directly on the Gulf. Wake up each morning to panoramic water views and enjoy private balcony access from your own retreat. A separate laundry room adds everyday convenience, while the generous living and dining areas create the perfect space for entertaining family and guests. This building has undergone extensive upgrades, giving buyers peace of mind and modern appeal. Recent improvements include fresh exterior paint, new balcony railings, resurfaced patios, and a newly refinished heated pool--perfect for year-round enjoyment. Even better, there are no current special assessments, and the property has successfully met all required milestones and reserve study standards. Accessibility is enhanced with private elevators located on both the east and west ends of the building, servicing up to the 6th floor for added convenience and privacy. For investors, this property presents an exceptional opportunity. Short-term rentals are allowed, with projected annual rental income ranging from $70,000 to $90,000 depending on owner usage, making it both a luxurious getaway and a strong income-producing asset. Whether you're searching for a primary residence, vacation home, or high-performing rental property, this beachfront condo offers the perfect blend of location, lifestyle, and value on one of Florida's most iconic coastlines.

6201 Thomas Drive Unit 406, Panama City

Listing courtesy of Keller Williams Success Realty.

$699,800
3 Beds ⋅ 3 Baths ⋅ 787342 MLS
THERE IS GREAT POTENTIAL TO MAKE MONEY ON THIS CONDO! If you've been searching for the perfect beachfront condo on Panama City Beach, your opportunity has arrived. Welcome to Unit 1607 at Watercrest--one of the most sought-after addresses on the Emerald Coast. Spanning 1,441 square feet, this 3-bedroom, open-concept residence offers a rare combination of space, layout, and views that discerning buyers are always chasing--and seldom find. Positioned in the highly coveted ''07 stack,'' this unit boasts more direct Gulf-front windows than nearly any other in the building, flooding the interior with natural light and showcasing truly panoramic, unobstructed views of the emerald waters and sugar-white sands. Step outside to what is arguably one of the most impressive balconies on the beach. Expansive and built for entertaining, this Gulf-front terrace can comfortably host 20+ guests--perfect for sunset gatherings, coastal breezes, and unforgettable evenings overlooking miles of pristine shoreline. Located on the 16th floor, this unit strikes the ideal balance: high enough for sweeping, private views, yet low enough to keep you connected to the pool, beach, and shoreline activity--without the noise of lower levels. It's a perspective both owners and guests consistently prefer. Now, here's where the opportunity becomes truly compelling: this condo is priced $75,000 below market value, giving you the rare chance to create a fully customized beachfront retreat tailored to your exact taste. Instead of settling for someone else's design choices, you can transform this already exceptional space into a modern coastal showpiece--while instantly building equity. Watercrest is widely regarded as one of the premier Gulf-front communities on Panama City Beach, and inventory in this building--especially in this stack and layout--is extremely limited. Whether you're seeking a luxury personal escape, a high-demand rental investment, or both, this property delivers location, layout, views, and upside in one compelling package. Opportunities like this don't wait--and neither should you. Secure your place on the beach and turn this exceptional value into your own one-of-a-kind coastal masterpiece!

6201 Thomas Drive Unit 1607, Panama City

Listing courtesy of Realty Mark Associates.

$525,000
2 Beds ⋅ 2 Baths ⋅ 787265 MLS
My Featured Listing this month is #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 $525,000. ** 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

Listing courtesy of CitiStar Realty.

$700,000
2 Beds ⋅ 2 Baths ⋅ 783667 MLS
WELCOME TO YOUR NEW PERSONAL HOME OR INVESTMENT CONDO!!! 80-100K GROSS RETURN ON INVESTMENT PROJECTED depending on the use of the owner. See documents for actual rentals since January 2025. SUNRISE AND SUNSET VIEWS FROM YOUR BEDROOM TO THE MAIN LIVING AREA! WALK IN AND DO NOTHING BUT REST AND RELAX OR RENT AND RETURN! CASH YOUR MAILBOX MONEY NOW! THIS UNIT IS CURRENTLY ON THE RENTAL MARKET AND IS HEAVILY RENTED SO CALL FOR TURN DATES. DESIGNER FURNITURE AND ALL DECOR CONVEYS. Spectacular views of the Gulf with this gorgeous East end unit with WRAP AROUND BALCONY. This is a totally renovated condo from floor to ceiling. There are upgrades and personal touches to this condo that make it a stand out in the building. The condo building itself has had several big renovations in the last several years to include new hurricane windows and sliders....Current renovations as of January 2026 thru March 2026 which are fully funded by the reserves include new exterior paint, new balcony railings and renovation of balconies. The windows and slider doors, pool, pool deck and hot tub were also been renovated in the last 6 years. Watercrest Amenities include a heated pool, hot tub, kid's pool, BBQ grills, exercise room, conference room, tennis courts, Pickle Ball court, shuffleboard, and a poolside tiki bar. There are also on-site vending machines, an ice machine, and ATM. Across the street you will find over flow parking and a storage area for your jet skis, boat, or trailer. WATERCREST is close to many kid and adult activities as well as too many to count local restaurants and pubs. Walmart, Publix, Winn Dixie are just minutes from the complex. WONDER WHAT IS GOING ON NEXT DOOR TO WATERCREST? HADLEY'S BEACH..... NO OBSTRUCTION FROM THOSE NEW HOME BUILTS TO THIS CONDO. THESE WILL BE HOUSES NOT A HIGH RISE COMMUNITY. The HOA is onsite on the 3rd floor making it easy for owners to communicate. Don't miss out. The reserve and integrity study is too large to add to documents please have your agent request and I will email

6201 Thomas Drive Unit 401, Panama City

Listing courtesy of Keller Williams Success Realty.

$699,600
2 Beds ⋅ 2 Baths ⋅ 782703 MLS
LOCATION, LOCATION, LOCATION.... If you've been searching for the PERFECT BEACH FRONT CONDO on Panama City Beach, your search ends here! Welcome to Unit 1008 at Watercrest, one of the most desirable residences on the Emerald Coast. With 1,441 square feet, this beautifully designed 2-bedroom, open-concept condo delivers everything buyers want—and very few ever get! Why is the 08 stack so coveted? Simple: more direct Gulf-front windows than any other unit in the building—and arguably on the beach. The views are breathtaking, expansive, and impossible to replicate. Then there's the massive Gulf-front balcony—a true showstopper. Designed for entertaining, it comfortably hosts 20+ guests for sunset cocktails, coastal breezes, and unforgettable evenings overlooking miles of emerald water and sugar-white sand! Perched on the 10th floor, this unit hits the sweet spot. High enough for panoramic views and privacy, yet low enough to clearly see the pool, beach, and ocean—while staying comfortably above the noise of lower floors. Guests and owners alike love this level! Watercrest is widely regarded as one of the premier Gulf-front condominiums on Panama City Beach, and opportunities like this are increasingly rare. Units in this location, with this floor plan and view, do not last! If owning a standout beachfront property is your goal, now is the time to act. Prime locations like this are always in demand—and rarely available. Don't miss your chance to claim one of the finest condos on the beach!

6201 Thomas Drive Unit 1008, Panama City

Listing courtesy of Realty Mark Associates.