WELCOME TO YOUR NEW PERSONAL HOME OR INVESTMENT CONDO!!! 80-100K GROSS RETURN ON INVESTMENT PROJECTED depending on the use of the owner. See documents for actual rentals since January 2025. 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 hurricane windows and sliders....Current renovations as of January 2026 thru March 2026 which are fully funded by the reserves include new exterior paint, new balcony railings and renovation of balconies. The windows and slider doors, pool, pool deck and hot tub were also been renovated in the last 6 years. 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 making it easy for owners to communicate. Don't miss out.
Property Features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Dimensions: 13' x 16'
- Primary Bedroom Level: First
- Primary Bedroom Description: Owner measured
Other Rooms
- Total Rooms: 3
- Living Room Dimensions: 24' x 15'
- Living Room Level: First
- Living Room Description: Owner measured
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Appliances
- ElectricCooktop
- ElectricOven
- ElectricWaterHeater
- IceMaker
Heating and Cooling
- Cooling Features: CentralAir
- Heating Features: Central, Electric
- Heating: Yes
Interior Features
- Door Features: StormDoors
- Window Features: StormWindows
Kitchen and Dining
- Kitchen Description: Owner measured
- Kitchen Dimensions: 11' x 10'
- Kitchen Level: First
Exterior and Lot Features
- Barbecue
- Other Structures: TennisCourts
- Patio And Porch Features: Balcony
- Road Frontage Type: CityStreet
- Road Responsibility: PublicMaintainedRoad
Pool and Spa
- Pool Features: ElectricHeat, InGround, Community
Waterfront and Water Access
Manufactured and Mobile Info
Land Info
Garage and Parking
- Parking Features: AdditionalParking, ParkingLot
Home Features
- View: Gulf
- Security Features: FireSprinklerSystem, TwentyFourHourSecurity, SecurityGuard, FireAlarm, SmokeDetectors, SecurityService
Homeowners Association
- Association: Yes
- Association Amenities: BeachRights, Barbecue
School Information
- Elementary School: Patronis
- High School: Arnold
- Middle School: Surfside
Multi-Unit Info
Rental Info
- Units Furnished: AllUnits
Amenities and Community Features
- Community Features: Beach, FitnessCenter, Pool, TennisCourts, Barbecue, CommunityPool, ShortTermRentalAllowed
Other Property Info
- Annual Tax Amount: 7102
- Source Listing Status: Active
- County: Bay
- Directions: From the Hathaway bridge travel south on Navy Drive, go past the curve where Newby's is at and continue on for about a mile. Watercrest will be on your left. Look for the big green ''W'' on the front of the building.
- Tax Year: 2025
- Restrictions: ShortTermRentalsAllowed
- Source Property Type: Residential
- Area: 03 - Bay County - Beach
- Property Subtype: condo
- MLS Area Minor: 0323 - Beach - South of Grand Lagoon
- Source Neighborhood: Watercrest Condo
- Parcel Number: 30585-231-000
- Postal City: Panama City
- State Region: FL
- Subdivision: Watercrest Condo
- Zoning Description: Resort
- Property Subtype: Condominium
Building and Construction
- Year Built: 1987
- Building Area Total: 1367
- Living Area Source: Appraiser
- Property Age: 39
- Levels or Stories: 18
- Architectural Style: HighRise
Utilities
- Sewer: PublicSewer
- CableConnected
- ElectricityAvailable