601 Cape Cod Drive
Panama City Beach, FL 32407
3
Bed
2
Bath
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Rooms Total: 4Roofing Information
Composition, Shingle -
Interior Features
MainLevelPrimary, TubShowerRoof: Composition, ShingleAppliances: ElectricCooktop, ElectricOven, ElectricWaterHeater -
Heating & Cooling
Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir, CeilingFans
-
Building Information
Year Built: 2006Building Area Total: 1195Construction Materials: StuccoPool Features: CommunityPrivate Pool: NoAssociation Fee Frequency: Quarterly
-
Lot Information
Lot Dimensions: 0x0 Lot Description: PavedProperty Information
Subdivision: Nautilus Cove Condo Source Property Type: Residential MLS Area Minor: 0321 - Beach - North Central Zoning Description: Resid Multi-Family Property SubType: Condominium Property Age: 20
-
Listing Price Information
Listing Price: $225000Original Price: $250000
-
Tax Information
Parcel Number: 40000-100-058 Tax Year: 2025 Annual Tax: $2609 Tax Legal Desc: NAUTILUS COVE CONDO PHASE 5 UNIT 601 ORB 2832 P 523 1ST FLOOR 3BR/2BA ORB 4652 P 2385 1195 SQ.FT.
-
Virtual Tour
Parking Information
PavedHomeowners Association Information
Has Association: YesIncluded Fees: AssociationManagement, FitnessFacility, Insurance, LegalAccounting, MaintenanceGrounds, Playground, Pools, Sewer, Trash, WaterHOA: $1,508.00Association Amenities: GatedCommunity Features: Barbecue, Playground, Pool, CommunityPool, Gated, ShortTermRentalAllowed
-
School Information
Elementary School: Hutchison Beach Junior High School: Surfside Senior High School: Arnold -
Utility Information
ElectricityAvailable -
Location Information
Direction: Travel west on Highway 98. Nautilus Cove is on the right side of the Highway just after the golf course. Security Features: GatedCommunity
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1033 Bay Circle, Panama City Beach, FL, 32407 | $1,200,000 | 3 | 3 | -- | 0.19 Acre |
| 1001 Lighthouse Lagoon .., Panama City Beach, FL, 32407 | $799,000 | 3 | 3 | -- | 0.08 Acre |
| 425 Bay Shore Drive #11, Panama City Beach, FL, 32407 | $755,000 | 2 | 2 | -- | 0.06 Acre |
| 6511 Harbour Boulevard, Panama City Beach, FL, 32407 | $299,900 | 2 | 3 | -- | 0.11 Acre |
| 419 Bay Shore Drive, Panama City Beach, FL, 32407 | $1,900,000 | 5 | 4 | -- | 0.34 Acre |
| 405 Bay Shore Drive, Panama City Beach, FL, 32407 | $829,000 | 3 | 2 | -- | 0.55 Acre |
| 6560 Harbour Boulevard, Panama City Beach, FL, 32407 | $179,900 | 1 | 1 | -- | -- |
| 6568 Harbour Boulevard #5, Panama City Beach, FL, 32407 | $199,900 | 1 | 1 | -- | 0.03 Acre |
| 207 Greenwood Drive, Panama City Beach, FL, 32407 | $280,000 | 3 | 2 | -- | 0.26 Acre |
| 223 Woodlawn Court, Panama City Beach, FL, 32407 | $330,000 | 3 | 2 | -- | 0.11 Acre |
Similar Homes To 601 Cape Cod Drive
Nearby For Sale
The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.
ByOwner last updated this listing 09/08/2026 @ 03:51
More Cities with for Sale by Owner Homes
- PANAMA CITY BEACH Homes For Sale By Owner
- Panama City Homes For Sale By Owner
- Lynn Haven Homes For Sale By Owner
- Inlet Beach Homes For Sale By Owner
- Southport Homes For Sale By Owner
- Youngstown Homes For Sale By Owner
- Vernon Homes For Sale By Owner
- Mexico Beach Homes For Sale By Owner
- Santa Rosa Beach Homes For Sale By Owner
- Fountain Homes For Sale By Owner
- Freeport Homes For Sale By Owner
- Kinard Homes For Sale By Owner
- Wewahitchka Homes For Sale By Owner
- Chipley Homes For Sale By Owner
- Port St Joe Homes For Sale By Owner
- Clarksville Homes For Sale By Owner
- Alford Homes For Sale By Owner
- Westville Homes For Sale By Owner
- Defuniak Springs Homes For Sale By Owner
- Ponce de Leon Homes For Sale By Owner
Homes around $225,000
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.
Verify Your Phone Number
Please enter the 6-digit verification code
sent to your mobile phone.