601 Cape Cod Drive, Panama City Beach, FL 32407 (MLS# 784103)

601 Cape Cod Drive, Panama City Beach, FL 32407

$235,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,195 Status: Active

Current Price: $235,000 List Date: 1/23/2026 Last Modified: 8/02/2026

Overview

Description

MOTIVATED SELLER! Seller offering $5,000 toward buyer's closing costs! 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 maintenan … (Read more)

Listing Details MLS# 784103

Contract Info

List Price/SqFt: 196.65

Location

Area: 03 – Bay County – Beach
Street #: 601
Street Name: Cape Cod
Street Suffix: Drive
State: FL
Zip Code: 32407
County: Bay
Sub Area: 0321 – Beach – North Central
Subdivision: Nautilus Cove Condo
Community/Resort: None
Waterfront: No
Parcel ID: 40000-100-058
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: Travel west on Highway 98. Nautilus Cove is on the right side of the Highway just after the golf course.
Legal Description: NAUTILUS COVE CONDO PHASE 5 UNIT 601 ORB 2832 P 523 1ST FLOOR 3BR/2BA ORB 4652 P 2385 1195 SQ.FT.

General Property Info

Sub-Type: Condominium
Floor Number: Yes
Design: Low-Rise (1-3 floors)
Apx SqFt(Htd/Cooled): 1195
SqFt Source: Prop App Site
Full Baths: 2
Total Baths: 2
Accessory Dwelling Unit: No
Year Built: 2006
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 0x0
Pool: Yes
Pool Type: Community

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 1508
HOA Frequency: Quarterly
HOA Annual Amount: 6032
New Buyer Fee: No
Last Taxes: 2609
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Condo Doc: Yes

Remarks & Misc

Remarks: MOTIVATED SELLER! Seller offering $5,000 toward buyer's closing costs! 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!

Appliances

Cooktop – Electric: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Oven – Electric: Yes
Refrigerator: Yes
Washer: Yes
Water Heater – Electric: Yes

More Information

Interior Features

Breakfast Bar: Yes
Floor – Tile: Yes
Floor – Vinyl: Yes
Pantry: Yes
Window – Treatment All: Yes

Construction/Siding

Roof – Composite Shngl: Yes
Siding – Stucco: Yes

Association Fees Include

Accounting: Yes
Dumpster: Yes
Exercise Room: Yes
Gated Community: Yes
Ground Keeping: Yes
Insurance: Yes
Management: Yes
Playground: Yes
Pool: Yes
Sewer: Yes
Water: Yes

Financing

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Furnished

Furnished: Yes

Kitchen

First: Yes

Lot Access

Paved Road: Yes

Parking Features

Assigned: Yes
Paved: Yes

Present Zoning

Resid Multi-Family: Yes

Association Amenities

BBQ Pit/Grill: Yes
Dumpster: Yes
Gated Community: Yes
Playground: Yes
Pool: Yes
Sidewalks: Yes

Rooms

Bedroom: Yes
Kitchen: Yes
Primary Bedroom: Yes

Utilities

Electricity – Connected: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Sale Type

As Is: Yes

Primary Bedroom

First: Yes

Bedroom

First: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Heating

Central: Yes
Electric: Yes

Primary Bdrm/Primary Bath

MBed First Floor: Yes

Primary Bath/Primary Bdrm

MBath Shower/Tub Combo: Yes

Security Features

Gated Community: Yes

Property Features

Appliances: Cooktop – Electric; Dishwasher; Disposal; Dryer; Microwave; Oven – Electric; Refrigerator; Washer; Water Heater – Electric Primary Bedroom: First Bedroom: First Cooling: Ceiling Fan(s); Central Air; Electric Heating: Central; Electric Association Fees Include: Accounting; Dumpster; Exercise Room; Gated Community; Insurance; Ground Keeping; Management; Playground; Pool; Sewer; Water Financing: Cash; Conventional; FHA; VA Furnished: Furnished Kitchen: First Lot Access: Paved Road Security Features: Gated Community Parking Features: Assigned; Paved Association Amenities: BBQ Pit/Grill; Dumpster; Gated Community; Playground; Pool; Sidewalks Rooms: Bedroom; Kitchen; Primary Bedroom Sale Type: As Is Utilities: Electricity – Connected; Public Sewer – Connected; Public Water – Connected Present Zoning: Resid Multi-Family

Room Information

Room Name	Level	Dimensions	Length	Width
Primary Bedroom	First	12 x 12	12.00	12.00
Bedroom	First	11.7 x 10.9	11.70	10.90
Bedroom	First	10.1 x 11.9	10.10	11.90
Kitchen	First	8 x 6	8.00	6.00

Listing Office: EXP Realty LLC

Last Updated: August – 02 – 2026

Information deemed reliable but not guaranteed.