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$799,999

Beds
3
Baths
3.0
sq ft
1,441

6201 Thomas Dr Unit 307, Panama City, FL 32408

6201 Thomas Dr Unit 307

Panama City Beach, FL 32408

  • <1 day on market
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

Details

Property type

Condominium

Est. home value

$780,005

Lot size

Unknown

Price per sq ft

$556

Year built

1987

Monthly HOA fee

$1,000

Price History

02/08/2025
EmeraldCoast

EmeraldCoast #968110

Listed
$799,999
+0.63%
05/20/2022
EmeraldCoast

EmeraldCoast #899060

Sold
$795,000
+189.09%
06/07/2014
CentralPanhandle

CentralPanhandle #618949

Sold
$275,000

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Tennis Court(s), Pool

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Synovus Bank

Loan start date

May 2022

Original loan amount

$495,000

Est. remaining balance

Not provided

Interest rate

4.67%

Loan type

Purchase Money Mortgage

Seller

J & M Properties Llc and J & M Properties Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/08/2025 at 3:40 PM

Listing updated: 02/08/2025 at 12:44 PM

Listed by: George P Doulamis, George P Doulamis, George P Doulamis, George P Doulamis, Compass Phone #: (305) 851-2820

MLS: EmeraldCoast #968110

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