Price Reduction
Address
601 Cape Cod Drive Na, Panama City Beach, FL
Price
$ 225,000
Property Attributes
- MLS#993611
- TypeCondos
- Listing Status Active
- CountyBay
- CityPanama City Beach
- AreaBay County
- NeighborhoodNAUTILUS COVE CONDO
- Zip32407
- StyleN-A
- Year Built2006
- Price$ 225,000
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1195
Data Source:
Emerald Coast MLS (ECAR)
Property Description
MOTIVATED SELLER! $10K Price Reduction! ACTIVE SHORT-TERM RENTAL GROSSING OVER $36,000 LAST YEAR and over $30,000 to date for 2026. Don't miss this incredible opportunity to own a turnkey, fully furnished income-producing property just minutes from the sugar-white sands of Panama City Beach. This 3-bedroom, 2-bath condo in the gated Nautilus Cove community is the perfect beach getaway, short-term rental investment, or mid- to long-term rental opportunity. With its spacious layout, unbeatable location, and low-maintenance lifestyle, this property offers multiple ways to generate income while enjoying everything the Emerald Coast has to offer. Sold fully furnished and rental-ready, this desirable first-floor unit is ready to start producing income from day one. Inside, you'll find a bright, open floor plan featuring stainless steel appliances, granite countertops, updated bathroom vanities, and durable flooring throughout--designed for easy maintenance and guest appeal. The spacious bedrooms provide comfortable accommodations for vacationers, snowbirds, or long-term tenants. Residents and guests enjoy resort-style amenities including a gated entrance, beautiful swimming pool, fitness center, and playground. Conveniently located near Panama City Beach's world-famous beaches, Pier Park, restaurants, shopping, and entertainment, this location continues to attract visitors year-round. Whether you're looking to expand your investment portfolio, purchase a vacation retreat that pays for itself, or secure a property with excellent short-, mid-, and long-term rental flexibility, this condo is a standout opportunity. Motivated seller, closing cost assistance, proven rental history, and fully turnkey--schedule your showing today before this opportunity is gone!
| Elementary School | Middle School | High School |
|---|---|---|
| Hutchinson Beach Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 5/30/2026 | Listed $239,000 |
| 6/17/2026 | 2$235,000 |
| 9/3/2026 | 4$225,000 |
General Features
| Utilities | Electric,Public Water |
|---|---|
| Property Subtype | Condominium |
| Community Features | Short Term Rental - Allowed,BBQ Pit/Grill,Dumpster,Gated Community,Playground,Pool |
| County | Bay |
| Property Type | Residential |
| Subdivision Name | NAUTILUS COVE CONDO |
| Status | Active |
| Buyer Financing | Conventional,FHA,VA |
| Directions | Travel west on Highway 98. Nautilus Cove is on the right side of the Highway just after the golf course. |
| High School | Arnold |
| City | Panama City Beach |
| MLS Area | 27 - Bay County |
| Lot Size Units | Acres |
| Elementary School | Hutchinson Beach |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 2721 - Beach - North Central |
| Standard Status | Active |
| Sewer | Public Sewer |
| Tax Assessed Value | 1508 |
| Heating | Central |
| Cooling | Ceiling Fans,Central Air |
| Architectural Style | N/A |
| Construction Materials | Stucco |
| Year Built | 2006 |
| New Construction | false |
| Total Rooms | 5 |
| Carport Y/N | false |
| Property Condition | Construction Complete |
| Association Fee Includes | Accounting,Ground Keeping,Management,Recreational Faclty,Sewer,Trash |
| Pool Features | Pool Type |
| Unit Number | NA |
| HOA | true |
Interior Features
| Total Baths | 2 |
|---|---|
| Interior Amenities | Breakfast Bar,Owner's Closet,Pantry |
| Flooring | Floor Tile,Floor Vinyl |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | Window Treatment All |
| Furnished Y/N | Furnished - All |
Exterior Features
| Building Area Total | 1195 |
|---|---|
| Total Parking | 1 |
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 32407
Price
Year Built
In The Neighborhood
Reduced
Panama City Beach
$ 239,000
902 Lighthouse Road 902
Panama City Beach, FL 32407
- Type
- Condos
- Size
- 1,400 SqFt
- Rooms
- 4 Beds + 3 Baths
Panama City Beach
$ 185,000
213 Cape Cod Drive
Panama City Beach, FL 32407
- Type
- Condos
- Size
- 1,225 SqFt
- Rooms
- 3 Beds + 2 Baths
Panama City Beach
$ 219,000
616 Cape Cod Drive
Panama City Beach, FL 32407
- Type
- Condos
- Size
- 1,225 SqFt
- Rooms
- 3 Beds + 2 Baths
Reduced
Panama City Beach
$ 195,000
901 Lighthouse Road
Panama City Beach, FL 32407
- Type
- Condos
- Size
- 1,400 SqFt
- Rooms
- 4 Beds + 3 Baths
Reduced
Panama City Beach
$ 199,000
1402 Lighthouse Road
Panama City Beach, FL 32407
- Type
- Condos
- Size
- 1,400 SqFt
- Rooms
- 4 Beds + 3 Baths
Reduced
Panama City Beach
$ 193,000
504 Lighthouse Road
Panama City Beach, FL 32407
- Type
- Condos
- Size
- 935 SqFt
- Rooms
- 2 Beds + 2 Baths
Reduced
Panama City Beach
$ 285,000
101 Cape Cod Drive
Panama City Beach, FL 32407
- Type
- Condos
- Size
- 1,400 SqFt
- Rooms
- 4 Beds + 3 Baths
Panama City Beach
$ 285,000
101 Cape Cod Drive 101
Panama City Beach, FL 32407
- Type
- Condos
- Size
- 1,400 SqFt
- Rooms
- 4 Beds + 3 Baths
Reduced
Panama City Beach
$ 209,900
608 Cape Cod Drive
Panama City Beach, FL 32407
- Type
- Condos
- Size
- 1,195 SqFt
- Rooms
- 3 Beds + 2 Baths
Reduced
Panama City Beach
$ 187,000
514 Lighthouse Road
Panama City Beach, FL 32407
- Type
- Condos
- Size
- 965 SqFt
- Rooms
- 2 Beds + 2 Baths
Reduced
Panama City Beach
$ 225,000
601 Cape Cod Drive
Panama City Beach, FL 32407
- Type
- Condos
- Size
- 1,195 SqFt
- Rooms
- 3 Beds + 2 Baths
Reduced
Panama City Beach
$ 210,000
507 Lighthouse Road
Panama City Beach, FL 32407
- Type
- Condos
- Size
- 935 SqFt
- Rooms
- 2 Beds + 2 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
