601 Cape Cod Dr Panama City Beach, FL 32407
Panama City Beach AreaEstimated payment $1,494/month
Highlights
- Primary Bedroom Suite
- Main Floor Primary Bedroom
- Community Pool
- Gated Community
- Furnished
- Walk-In Pantry
About This Home
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!
Property Details
Home Type
- Condominium
Year Built
- Built in 2006
Parking
- 1 Parking Space
Home Design
- Composition Shingle Roof
- Stucco
Interior Spaces
- 1,195 Sq Ft Home
- Furnished
- Ceiling Fan
- Window Treatments
Kitchen
- Breakfast Bar
- Walk-In Pantry
- Cooktop
- Microwave
- Dishwasher
- Disposal
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Primary Bedroom Suite
- 2 Full Bathrooms
- Bathtub Includes Tile Surround
Laundry
- Dryer
- Washer
Schools
- Hutchinson Beach Elementary School
- Surfside Middle School
- Arnold High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 40000-100-058
Community Details
Overview
- Property has a Home Owners Association
- Association fees include accounting, ground keeping, management, recreational faclty, sewer, trash, ground maintenance
- Nautilus Cove Condo Subdivision
Recreation
- Community Playground
- Community Pool
Additional Features
- Community Barbecue Grill
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,670 | $199,750 | $199,750 | |
| 2024 | $2,503 | $204,000 | $204,000 | |
| 2023 | $2,503 | $168,300 | $0 | $221,000 |
| 2022 | $1,862 | $153,000 | $0 | $153,000 |
| 2021 | $1,580 | $121,550 | $0 | $121,550 |
| 2020 | $1,555 | $121,550 | $0 | $121,550 |
| 2019 | $1,460 | $117,300 | $0 | $117,300 |
| 2018 | $1,306 | $97,750 | $0 | $0 |
| 2017 | $1,021 | $85,000 | $0 | $0 |
| 2016 | $1,017 | $86,040 | $0 | $0 |
| 2015 | $1,026 | $84,150 | $0 | $0 |
| 2014 | $951 | $77,950 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/03/2026 09/03/26 | Price Changed | $225,000 | -4.3% | $188 / Sq Ft | |
| 06/17/2026 06/17/26 | Price Changed | $235,000 | -1.7% | $197 / Sq Ft | |
| 05/30/2026 05/30/26 | Price Changed | $239,000 | -1.4% | $200 / Sq Ft | |
| 04/28/2026 04/28/26 | Price Changed | $242,500 | -3.0% | $203 / Sq Ft | |
| 01/23/2026 01/23/26 | For Sale | $250,000 | -7.4% | $209 / Sq Ft | |
| 02/01/2024 02/01/24 | Sold | $270,000 | 0.0% | $226 / Sq Ft | View Prior Sale |
| 12/14/2023 12/14/23 | For Sale | $270,000 | +5.9% | $226 / Sq Ft | |
| 01/30/2023 01/30/23 | Sold | $255,000 | +37.8% | $213 / Sq Ft | View Prior Sale |
| 01/22/2023 01/22/23 | Off Market | $185,000 | -- | -- | |
| 12/22/2022 12/22/22 | Pending | -- | -- | -- | |
| 11/11/2022 11/11/22 | For Sale | $250,000 | +72.4% | $209 / Sq Ft | |
| 07/20/2022 07/20/22 | Off Market | $145,000 | -- | -- | |
| 07/05/2022 07/05/22 | Off Market | $118,000 | -- | -- | |
| 06/20/2022 06/20/22 | Off Market | $81,000 | -- | -- | |
| 07/14/2021 07/14/21 | Sold | $185,000 | +2.8% | $155 / Sq Ft | View Prior Sale |
| 04/16/2021 04/16/21 | Pending | -- | -- | -- | |
| 04/16/2021 04/16/21 | For Sale | $180,000 | +24.1% | $151 / Sq Ft | |
| 04/13/2021 04/13/21 | Pending | -- | -- | -- | |
| 05/31/2019 05/31/19 | Sold | $145,000 | 0.0% | $121 / Sq Ft | View Prior Sale |
| 04/27/2019 04/27/19 | Pending | -- | -- | -- | |
| 10/30/2018 10/30/18 | For Sale | $145,000 | +22.9% | $121 / Sq Ft | |
| 06/30/2017 06/30/17 | Sold | $118,000 | 0.0% | $99 / Sq Ft | View Prior Sale |
| 04/30/2017 04/30/17 | Pending | -- | -- | -- | |
| 03/27/2017 03/27/17 | For Sale | $118,000 | +45.7% | $99 / Sq Ft | |
| 06/15/2012 06/15/12 | Sold | $81,000 | +8.1% | $68 / Sq Ft | View Prior Sale |
| 05/16/2012 05/16/12 | Pending | -- | -- | -- | |
| 04/09/2012 04/09/12 | For Sale | $74,900 | -- | $63 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $270,000 | None Listed On Document | |
| Warranty Deed | $255,000 | None Listed On Document | |
| Warranty Deed | $185,000 | Diamond Title Agency Inc | |
| Warranty Deed | $145,000 | Attorney | |
| Warranty Deed | $118,000 | Attorney | |
| Special Warranty Deed | $81,000 | Attorney | |
| Trustee Deed | -- | None Available | |
| Special Warranty Deed | $163,100 | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $175,000 | New Conventional | |
| Previous Owner | $204,000 | New Conventional | |
| Previous Owner | $188,237 | New Conventional | |
| Previous Owner | $130,500 | New Conventional | |
| Previous Owner | $30,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $72,900 | New Conventional | |
| Previous Owner | $72,900 | New Conventional | |
| Previous Owner | $130,475 | New Conventional |
Source: Emerald Coast Association of REALTORS®
MLS Number: 993611
APN: 40000-100-058
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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