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 accessideal 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 1-4minimizing wait times and maximizing co
Property Features
Bedrooms
- Bedrooms: 3
- Primary Bedroom Dimensions: 12.0 x 14.0
- Bedroom 1 Dimensions: 12.0 x 13.0
- Bedroom 2 Dimensions: 13.0 x 13.0
- Primary Bedroom Level: First
- Bedroom 1 Level: First
- Bedroom 2 Level: First
Other Rooms
- Total Rooms: 8
- Master Bathroom: 13.00 x 5.00
- Master Bathroom Level: First
- Full Bathroom: 8.00 x 7.00
- Full Bathroom Level: First
- Full Bathroom: 10.00 x 5.00
- Full Bathroom Level: First
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Interior Features
- Breakfast Bar
- Floor Tile
- Washer/Dryer Hookup
- Window Features: Double Pane Windows
Appliances
- Cooktop
- Dishwasher
- Disposal
- Dryer
- Fire Alarm/Sprinkler
- Range Hood
- Refrigerator
- Smoke Detector
- Stove/Oven Electric
- Trash Compactor
- Washer
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Heat Pump Air To Air, Central
- Heating: Yes
Kitchen and Dining
- Dining Room Dimensions: 15.0 x 24.0
- Dining Room Features: Dining/Living Combo
- Dining Room Level: First
- Kitchen Dimensions: 11.0 x 12.0
- Kitchen Level: First
Exterior and Lot Features
- BBQ Pit/Grill
- Patio Covered
Waterfront and Water Access
Pool and Spa
Garage and Parking
- Parking Features: Carport
Homeowners Association
- Association: Yes
- Association Fee: 1000
- Association Fee Frequency: Monthly
- Association Fee Includes: Advertising, Ground Keeping, Insurance, Legal, Licenses/Permits, Management, Recreational Faclty, Repairs/Maintenance, Sewer, Water, Cable TV, Trash
- Calculated Total Monthly Association Fees: 1000
School Information
- Elementary School: Patronis
- High School: Arnold
- Middle School: Surfside
Amenities and Community Features
- Beach
- Community Room
- Game Room
- Tennis
- Facilities: Community Room, Tennis, Beach, Game Room
- Community Features: Beach, Community Room, Game Room, Tennis
Other Property Info
- Annual Tax Amount: 7576.119999999
- Source Listing Status: Active
- County: Bay
- Directions: From Hwy 98 South on Powell Adams Dr East on Thomas, Property on south side of road
- Tax Year: 2024
- Source Property Type: Residential
- Area: 27 - Bay County
- Property Subtype: condo
- MLS Area Minor: 2723 - Beach - South of Grand Lagoon
- Source Neighborhood: WATERCREST CONDO
- Parcel Number: 30585-227-000
- Subdivision: WATERCREST CONDO
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1441
- Year Built: 1987
- Building Area Source: County PA Records
- Building Area Total: 1441
- Building Exterior Type: Concrete
- Construction Materials: Concrete
- Property Age: 38
- Property Condition: Construction Complete
Utilities
- Electric
- Phone
- Public Sewer
- Public Water
- TV Cable
Home Features
- Energy: Double Pane Windows, AC - Central Elect, Heat Pump Air To Air, Heat Cntrl Electric, Water Heater - Elect
