Watercrest Condo Real Estate, Homes, Condos for Sale in Panama City Beach, FL

In a market full of noise, buyers want two things: LOW price and AMAZING views--and this one has BOTH!!! This 2-bedroom end unit at Watercrest is priced as the lowest in the entire building, giving you an incredible opportunity to walk in with instant equity and serious cash flow potential. And the views? Absolutely unreal. Being a corner unit, you get unobstructed panoramic Gulf views, extra windows, tons of natural light, and that open, elevated feel buyers and renters go crazy for. This is the kind of property that doesn't just sit--it performs. With this price point + these views, you're perfectly positioned to attract more bookings, increase rental income, and maximize returns. Plus, Watercrest offers a tennis court, adding even more appeal for guests and owners alike. Deals like this don't last--especially when they check every box. If you're looking for value, views, and income potential... this is the one!!!

6201 Thomas Drive Unit 1402, Panama City Beach

$700,000

2 Beds ⋅ 2 Baths ⋅ 787991 MLS

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Welcome to Watercrest 1108! This highly desirable floor plan will exceed your expectations with its expansive panoramic views and sunsets over the gulf! This 2 bedroom, 2 bath unit has just been COMPLETELY REMODELED and is ready for its NEW owner. Enjoy tiled flooring throughout with floor to ceiling windows giving it a seemless, open and airy feel. Complete with a NEW HVAC system and all NEW duct work. NEW appliances including washer, dryer, counter depth refrigerator, range and air fryer microwave. The kitchen has NEW cabinets, sink, lighting, countertops and backsplash which has been carried along the entry walls. Fresh NEW paint throughout, NEW battery operated roller shades in the living room and master bedroom giving more view of the Gulf. Both bathrooms have NEW vanities along with countertops. Master bath has NEW tiled walk in shower and the guest bath has a NEW tub with tile surround. Remodeled finished January 2026! This family oriented complex offers activities for the whole family including tennis, shuffleboard, exercise room, pool, hot tub, kiddie pool, bbq grilling area, conference room available to owners, tiki bar with food and drinks and lots of water activities such as parasailing, jet skies, banana boat rides, etc. easily available to book from the beach! Come check out the gorgeous views today!

6201 Thomas Drive Unit 1108, Panama City Beach

$2,500,000

5 Beds ⋅ 6 Baths ⋅ 732980 MLS

Watercrest 1803 and 1804-Beach Front Penthouse, 5000 square feet, 5 beds, 4 full baths, 2 half baths, absolutely stunning! The only true Gulf front Penthouse available, private floor w/ pool, pool deck, 18th floor with owner access only. Condo is exquisite from top to bottom! 2 master suites both are Gulf front and three large balconies. Outdoor space is fantastic for entertaining, relaxing, sunning, enjoying sunsets and salt air! Penthouse comes with 2 assigned garage parking spaces, both covered which is a huge perk to stay dry in the rain and cool in heat. Amenities include the private pool as well as ground floor pool, hot tub, kiddies' pool, expansive sundecks, lighted tennis court, shuffleboard court, indoor racquetball court, and exercise room. Windows span the length of 5000 sqft condo, peering over the gulf for a view of the white sand and sunsets! 2 separate family rooms with travertine floors, magnificent cathedral ceilings, and wood-burning fireplaces. There are two updated kitchens with their own dining areas indoors as well as outdoor dining on the Gulf front balcony. The west end master suite is tremendous, with walk-in his/her closets, a private water closet with bidet and double vanities as well as a drop-in soaking tub overlooking the Gulf. Words and photos only show part of what this property offers. Watercrest 1803/1804 is a once-in-a-lifetime find and something like this does not come to the market. Private elevator entrance, private pool, private parking, and a 5000 square foot Gulf front condo if you are looking for luxury living in Panama City Beach, you need to take advantage of this rare opportunity today!

6201 Thomas Drive Unit 1803/1804, Panama City Beach

$595,000

2 Beds ⋅ 2 Baths ⋅ 764563 MLS

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS . One of the best layouts in Watercrest, and all of Panama City Beach! This updated 2 bedroom end unit condo has a huge covered balcony, extra windows in the living area and amazing views all the way to the pass! Tile floors throughout, all new doors in 2019, gorgeous updated baths with walk in tile showers, granite in the kitchen, sold fully furnished and rental ready! King bed in the master that opens to the balcony, two queens in the spacious second bedroom and a great open kitchen and living area make this condo the perfect beach getaway or beach rental! Watercrest is located on Thomas Dr, close to great shops, restaurants, marinas and St Andrew's State Park. Watercrest features awesome amenities including tennis courts, shuffleboard, pickle ball, a fitness room, hot tub, heated pool, kiddie pool and snack bar! Call us today to make this condo your next investment or beach home away from home!

6201 Thomas Drive Unit 1102, Panama City Beach

$650,000

2 Beds ⋅ 2 Baths ⋅ 757586 MLS

Welcome to your dream Gulf front condominium! This beautifully renovated unit boasts panoramic water views and a spacious floor plan, perfect for relaxing or entertaining. Windows and doors have been replaced and complex has passed their milestone inspection! Whether you're looking to move in as your primary residence or make this a lucrative investment property, this condo is ready for you. Enjoy the convenience of a covered, deeded parking space included with this unit!! The complex offers fantastic amenities including a sparkling pool, soothing hot tub, tiki bar, grilling area, game room, and pickleball court. Don't miss out on this incredible opportunity to own a piece of paradise!

6201 Thomas Drive Unit 403, Panama City Beach

$735,000

2 Beds ⋅ 2 Baths ⋅ 755115 MLS

WELCOME TO YOUR NEW PERSONAL HOME OR INVESTMENT CONDO!!! NEVER RENTED UNTIL MARCH 2024. 100K Plus GROSS RETURN ON INVESTMENT PROJECTED! ( See documents for Rental projection). 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 roof, exterior paint, new windows and slider doors, pool, pool deck and hot tub have also been renovated. 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. 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. The HOA is onsite on the 3rd floor as well making it easy for owners to communicate. Don't miss out.

6201 Thomas 401 Drive Unit 401, Panama City Beach

$550,000

2 Beds ⋅ 2 Baths ⋅ 781704 MLS

This beautifully updated Watercrest condo is sure to impress you and your guests! This beachfront unit has expansive gulf views from the low 3rd floor. Watercrest offers easy access with ample parking in front of the building, no parking garage or crosswalk to bother with, just park and take the stairs or one of 4 elevators up to your unit, easy access! The spacious floorplan offers over 1,400 square feet of coastal living space. Step inside and you will immediately be wowed with corner views of the glistening gulf waters! The gorgeous kitchen features updated cabinetry, quartz countertops, oversized kitchen island, and stainless-steel appliances. The open living area is perfect for entertaining as it offers space for the full-sized dining table and multiple seating options in the living room. Step out onto the deep corner balcony where you can relax after a long day at the beach, there are few units in PCB with balconies this large. The master bedroom is simply serene with the soft color palette with balcony access to take in those incredible gulf views. The ensuite bathroom has been updated with a walk-in shower, double shower heads and bench. Closet space certainly isn't an issue with two closets in the bedroom and a linen closet in the master bath. The large second bedroom has 2 queen beds, a spacious guest closet and private Owner's closet. The second bathroom offers a large vanity, a walk-in shower with bench and double shower heads. Off the entry is a spacious laundry area with a full-sized washing machine and dryer, also room to store beach gear. The main living area has updated vinyl plank flooring with tile in the bathrooms and laundry area. Throughout you will also find updated lighting and remote-controlled ceiling fans. This unit has it all! Watercrest offers guests a large, heated swimming pool, hot tub, kiddie pool, poolside bar & grill (open seasonally), tennis & pickle ball courts, outdoor showers, picnic area, charcoal grills, & fitness center!

6201 Thomas Drive Unit 302, Panama City Beach

$585,000

2 Beds ⋅ 2 Baths ⋅ 781052 MLS

This is one of the most desirable units at Watercrest: a second-floor east-end condo that combines rare location, generous square footage, and unbeatable views. Skip the elevator and step right onto the sand or pool - this prime low-floor location makes beach days effortless and is popular with rentals. Inside, the spacious layout offers larger rooms than most 2-bedroom condos, and the end-unit positioning brings in extra windows that flood the space with natural light and stunning Gulf views from every angle. Sliding doors lead to an oversized corner balcony - one of the largest you'll find in Panama City Beach- with panoramic south and east views. The Gulf-front master suite with king bed also opens to the balcony, while the second bedroom fits two queen beds. The kitchen has been upgraded with oak cabinetry, granite countertops, stainless steel appliances, a newer sink and faucet, and a bar-height counter perfect for casual dining. Both bathrooms have also been updated with new cabinets and vanities, and tile runs throughout the living area, hallway, kitchen, and bathrooms. A separate laundry area provides a full-sized washer and dryer plus extra storage space. Sold fully furnished, the unit sleeps eight and is rental-ready. The unit's front door was replaced in 2024. Watercrest recently completed a $4.5 million renovation, including a new roof, windows, balcony doors, exterior paint, deck surfacing, and pool improvements - everything feels fresh and beautifully maintained. The well-managed HOA includes cable TV, internet, and a portion of the HVAC expenses in the monthly fees. Enjoy resort-style amenities like a heated pool, hot tubs, a kiddie pool, a poolside tiki bar, tennis, pickleball, racquetball, a fitness center, saunas, BBQ grills, an owner's lounge, beach rental service, covered parking, and 24/7 security. Tucked away on the quiet end of Panama City Beach near Schooners and St. Andrews State Park, this unit is a rare find with serious income potential. Don't miss your chance - schedule a private showing today!

6201 Thomas Drive Unit 202, Panama City Beach

$680,000

2 Beds ⋅ 2 Baths ⋅ 749267 MLS

'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS'.... ONE OF THE BEST DECORATED CONDOS AT WATERCREST & MOVE IN READY!! ....Recently renovated..... never been rented by the owners...but can be a RENTAL MACHINE........EXCELLENT 10TH floor END UNIT on West side of building....WATCH THOSE SUNSETS!!! The HUGE balcony will handle a large crowd even in the pouring rain......WITHIN 5 MINUTES OF wonderful Restaurants such as Captain Andersons, J. Michaels, Patches, Schooners, Grand Marlin. Also, just a short Bike ride or Walk to St. Andrews Park, where you can also Fish from the cut going into the Bay. Don't hesitate on this one! THIS CONDO IS A WINNER!!

6201 Thomas Drive Unit 1009, Panama City Beach

$674,500

2 Beds ⋅ 2 Baths ⋅ 763322 MLS

'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS'. STUNNING two bedroom unit with breathtaking panoramic views of the Gulf, featuring an East end wrap-around balcony! Additionally, this unit includes a dedicated COVERED PARKING SPACE for added convenience! One of many perks to this beautiful unit. This sought after property produces Excellent rental income and is ready for immediate occupancy by its new owner. It features an Oversized living area with two spacious bedrooms accommodating large families or sizable groups. Beautifully decorated and furnished. Watercrest is a family oriented complex that enjoys strong rental performance and offers a variety of amenities, including tennis courts, shuffleboard, pickle ball, a fitness room, hot tub, heated pool. kiddie pool, and snack bar. Don't miss the opportunity to view this impressive unit!

6201 Thomas Drive Unit 1101, Panama City Beach

$770,000

3 Beds ⋅ 3 Baths ⋅ 767287 MLS

'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Spectacular 3 bedroom, 3 full bath unit with Amazing panoramic views of the Gulf! Located on the beautiful beaches of the Emerald Coast, this 12th floor luxury beachfront condo is the perfect unit for those looking for a comfortable and spacious condo that feels like home. This unit has TWO Gulf Front Masters and offers ample space for large families or groups. This newly remodeled unit is beautifully furnished while the lovely kitchen is equipped with stainless steel appliances, quartz countertops, and an island with extra storage. The Two Gulf Front Masters each have incredible views of the Gulf with large sliding glass doors leading out to the oversized balcony. Here, you can enjoy some of the most breathtaking sunrises and sunsets! Both primary bathrooms have beautiful quartz countertops with tile surrounds and tiled walk In showers. The third bedroom is conveniently located off the kitchen and has its own full bath featuring a tub and shower combination. This luxury beachfront condo is a perfect vacation rental or would make a great second home for those seeking comfort, style, and unforgettable views. Watercrest is a great family oriented complex that rents extremely well and has many amenities to offer such as tennis, shuffleboard, pickle ball, exercise room, hot tub, pools and a snack bar. Come see this Awesome unit and schedule your showing Today!

6201 Thomas Drive Unit 1207, Panama City Beach

$722,500

2 Beds ⋅ 2 Baths ⋅ 777698 MLS

'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' ALL INVESTORS... DON''T MISS OUT!!! 98.6% verifiable occupancy for short term rentals with this beauty! Spectacular views of the Gulf with this gorgeous totally renovated condo from floor to ceiling. This condo is RENTAL READY AND ALREADY HAS A FOLLOWING WITH THE CURRENT RENTAL MANAGEMENT COMPANY!!! There are upgrades and personal touches to this condo that make it a stand out in the building. Elevators.... NO WAITING.... Floors 1-6 have their own East and West end elevators. The building itself has had several big renovations in the last few years to include new roof, new windows and slider doors, pool, pool deck. New railings and exterior paint for the entire building are to come during off 2025-2026 off season. There are no current special assessments and all required milestones have been met. The HOA is onsite as well making it easy for owners to communicate. 24 hour onsite security, tiki hut with food and beverages. DON'T FORGET the pickle ball and tennis courts and onsite gym for family fun. This popular East End condo is walking distance to many local restaurants and a short 3-5 minute drive to the State Park and other fun local activities.

6201 Thomas 408 Drive Unit 408, Panama City Beach

$1,175,000

3 Beds ⋅ 3 Baths ⋅ 776263 MLS

Luxurious Gulf Front Penthouse Condo at Watercrest Welcome to coastal paradise living at its finest! Nestled in the heart of Panama City Beach, this exclusive 3-bedroom, 3-bathroom penthouse condo offers a rare opportunity to own a slice of heaven in one of the most sought-after locations along the Gulf Coast. Boasting a prestigious position as one of only four units on the penthouse floor, this fixer-upper presents the perfect canvas for your dream coastal retreat. With cathedral ceilings and recessed lighting enhancing the expansive over 3000 sq ft of living area, you'll be enveloped in a sense of grandeur from the moment you step inside. Indulge in breathtaking panoramic views of the sparkling Gulf waters and sugar-white sands from the nearly 1000 square feet of balcony space, providing the ultimate setting for sunset cocktails and al fresco dining. Positioned as a coveted west corner unit, you'll relish in the unparalleled vistas of the Gulf's shimmering waters and breathtaking sunsets, ensuring every moment is bathed in natural beauty. As a resident of the penthouse floor, you'll enjoy the pinnacle of luxury living with exclusive access to your own private pool, reserved solely for penthouse owners. Immerse yourself in the tranquility of the water, surrounded by the whispering sea breeze and the soothing sound of waves crashing against the shore. This penthouse also includes deeded parking, ensuring convenience and peace of mind for you and your guests. With endless possibilities to customize and finish out to your exact specifications, this penthouse presents a rare opportunity to create a bespoke coastal haven tailored to your every desire. Don't miss your chance to elevate your lifestyle to new heights with this exceptional Gulf Front Penthouse Condo at Watercrest. Contact us today to schedule your private tour and embark on the journey to coastal luxury living.

6201 Thomas Drive Unit 1805, Panama City Beach

$485,000

2 Beds ⋅ 2 Baths ⋅ 774509 MLS

BACK ON THE MARKET AT NO FAULT OF THE SELLER!!! This is the best deal in Panama City Beach!!! Look at this great opportunity in Watercrest! This spacious 2-bedroom end unit is priced perfectly for you to renovate the way you want! This is one of the best layouts in Watercrest, and all of Panama City Beach! This condominium features a huge, covered corner balcony. You have extra windows that flood the living area with natural light and offer stunning views all the way to the pass. The master bedroom has a king bed and opens to the balcony. The oversized guest bedroom includes two queen beds, making it ideal for guests or vacation rentals. The open-concept kitchen and living area create the perfect coastal retreat. Enjoy peace of mind with all windows and doors upgraded to impact glass. HVAC 2018, hot water heater 2025, and new stackable washer and dryer too! Watercrest is ideally located on Thomas Drive, near top restaurants, shops, marinas, and St. Andrews State Park. Enjoy resort-style amenities including tennis courts, pickleball, shuffleboard, heated pool, hot tub, kiddie pool, snack bar, and a fully equipped fitness center. Don't miss your chance to make this your next beach investment or personal getaway—call us today!

6201 Thomas Drive Unit 1702, Panama City Beach