6201 Thomas Drive 406, Panama City, FL 32408

• 2 beds |
• 2 baths |
• 1,379 sqft

Property Description

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.

Listing Status:

Active

Date Added:

May 9, 2026

Data Last Updated:

May 24, 2026 at 9:17PM

Listing Office:

Keller Williams Success Realty : 850-249-0313

MLS ID:

789656

Interior

• Appliances: Washer/Dryer StackedElectric OvenElectric Water Heater
• Laundry: Stacked
• A/C: Central Air
• Heating: CentralElectric

Exterior

• General: OtherTennis Court(s)Community
• Style: High Rise
• Other Structures: OtherTennis Court(s)Balcony
• Pool: FencedElectric HeatIn GroundCommunity
• Parking: Additional ParkingPavedParking Lot

Construction

• Windows: Storm Window(s)
• General: Stucco18

Location

• Road/Access: City Street
• HOA Amenities: Spa/Hot Tub
• Originating MLS: CPAR_CPAR
• County: Bay

Lot

• Zoning: WATERCREST CONDO UNIT 406 (TYPE E) ORB 3024 P 1348 ORB 3051 2BR 2B 1379 H&C P 176030585-236-000
• View: GulfView

Utilities

• Utilities: Cable ConnectedElectricity Available
• Sewer: Public Sewer

Financial

• Source: CPAR_CPAR