Property Attributes
- MLS#789292
- TypeCondos
- Listing Status Closed
- CountyBay
- CityPanama City
- Area03 - Bay County - Beach
- NeighborhoodWatercrest Condo
- Zip32408
- Style
- Year Built1987
- Taxes$ 5187
- Price$ 575,000
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1404
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
Owner financing to beat a current bank rate approval! Welcome to your slice of paradise at Watercrest Condominiums in Panama City Beach! This beautifully remodeled beachfront condo offers breathtaking Gulf views and a spacious open floorplan designed for comfort and entertaining. Whether you're searching for a personal coastal retreat or a proven rental income opportunity, this fully turnkey unit checks all the boxes. Enjoy updated finishes throughout, a modern kitchen, and expansive balconies that bring the beauty of the beach right into your living space. Watercrest is a highly desirable, amenity-rich resort offering gulf front pool, tennis courts, game room, community room, racquet ball court and on site security. Don't miss this chance to own in one of PCB's most established beachfront communities--perfect for full-time living, a vacation getaway, or a high-performing investment.
| Elementary School | Middle School | High School |
|---|---|---|
| Patronis Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 5/2/2026 | Listed $599,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Cable Connected |
| Property Subtype | Condominium |
| Tax Year | 2025 |
| Community Features | Community Pool,Short Term Rental Allowed |
| County | Bay |
| Property Type | Residential |
| HOA | true |
| Subdivision Name | Watercrest Condo |
| Status | Closed |
| Buyer Financing | Seller Financing |
| Directions | From Navy Blvd head west towards Watercrest, condo is on the left |
| High School | Arnold |
| City | Panama City |
| MLS Area | 03 - Bay County - Beach |
| Elementary School | Patronis |
| Land Lease Y/N | false |
| Tax Annual Amount | 5187 |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 0323 - Beach - South of Grand Lagoon |
| Standard Status | Closed |
| Property Sub Type Additional | Condominium |
| Association Amenities | Game Room,Barbecue,Spa/Hot Tub |
| Occupancy Type | Vacant |
| Waterfront Features | Gulf |
| Year Built | 1987 |
| Appliances | Electric Cooktop,Electric Range,Electric Water Heater |
| Patio/Porch Features | Balcony,Deck |
| Construction Materials | Stucco |
| Garage Y/N | false |
| Total Rooms | 3 |
| Full Baths | 2 |
| Architectural Style | High Rise |
| Pool Features | Community |
| Unit Number | 1006 |
| New Construction | false |
| Senior Community Y/N | false |
| Accessibility | Common Area,Accessible Kitchen |
Interior Features
| Total Baths | 2 |
|---|---|
| Interior Amenities | Handicap Access,Main Level Primary |
| Furnished Units | None |
| Total Bedrooms | 2 |
| LivingAreaSource | Appraiser |
Exterior Features
| Lot Dimensions | N/A |
|---|---|
| Building Area Total | 1404 |
| Waterfront Y/N | true |
| Exterior Amenities | Covered Patio |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Pets
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Condos Average in 32408
In The Neighborhood
Panama City
$ 634,900
- Type
- Condos
- Size
- 1,404 SqFt
- Rooms
- 2 Beds + 2 Baths
Panama City
$ 599,900
- Type
- Condos
- Size
- 1,404 SqFt
- Rooms
- 2 Beds + 2 Baths
Panama City
$ 569,500
- Type
- Condos
- Size
- 1,379 SqFt
- Rooms
- 2 Beds + 2 Baths
Panama City
$ 685,000
- Type
- Condos
- Size
- 1,441 SqFt
- Rooms
- 3 Beds + 3 Baths
Emerald Coast Association of REALTORS®, Inc. 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 consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The information is provided exclusively 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.
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 consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating