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6201 Thomas Drive , Unit 501
Panama City, FL 32408

$575,000 - Status: Active
Bed Icon Beds: 2
Bath Icon Baths: 2 full
Sq Feet Icon SQFT (H&C): 1,367
MLS Icon MLS# 793252

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.

Upcoming Open Houses

Open House Saturday August 1st, 10:00am - 4:00pm

Property Features

MLS#: 793252
Zip: 32408
Subdivision: Watercrest Condo
Development: 0323 - Beach - South Of Grand Lagoon
Property Type: Residential - Condominium
Cooling: Central Air, Ceiling Fan(s)
Days on Site: 2
Heating: Central
Home Style: High Rise
Year Built: 1987
SQFT (H&C): 1,367

Feature Descriptions

Appliances: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Ice Maker
Association Amenities: Beach Rights, Barbecue
Community Features: Barbecue, Beach, Elevator, Fitness Center, Game Room, Park, Pool, Tennis Court(s), Waterfront, Community Pool, Short Term Rental Allowed
Exterior: Concrete, Stucco
HOA Fee: $3224 Quarterly
Interior Features: Main Level Primary
Parcel#: 30585-241-000
Parking: Paved, Parking Lot
Parking Notes: Paved, Parking Lot
Patio/Porch: Balcony
Pool: In Ground, Community
Security: Building Security, Fire Escape, Fire Sprinkler System, Security Lights, Fire Alarm, Smoke Detector(s)
Sewer: Public Sewer
Special View Info: Gulf
Utilities: Cable Connected, Electricity Available, High Speed Internet Available, Phone Connected
Waterfront: Gulf, Shoreline - Sand, Shoreline - Natural

Room Sizes

Kitchen: 11 X 10 Level - First
Living Room: 24 X 15 Level - First
Primary Bedroom: 13 X 16 Level - First

Local Schools

High School: Arnold
Middle School: Surfside
Elementary School: Patronis

6201 Thomas Drive , Unit 501 | MLS# 793252

This condo located at 6201 Thomas Drive , Unit 501, Panama City, FL 32408 is currently listed for sale with an asking price of $575,000. This property was built in 1987 and has 2 bedrooms and 2 full baths with 1367 sq. ft. Thomas Drive , Unit 501 is located in the Watercrest Condo subdivision. Search Watercrest Condo real estate on cshelton.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Realty Mark Associates

Shown By

Agent Name: Chris Shelton
Agent Phone: (850) 896-2000
Agency Title: Beachy Beach Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/31/2026. The listing information on this page last changed on 07/31/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 07/31/2026 12:59:19 PM EST) or Emerald Coast MLS (last updated Fri 07/31/2026 12:56:08 PM EST) or Central Panhandle Association of Realtors (last updated Fri 07/31/2026 12:57:45 PM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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