212 Cape Cod Drive, Panama City Beach, FL 32407 (MLS# 786375)

List Price/SqFt: 187.67

Status: Active

List Date: 2026-02-12

List Price: $229,900

Current Price: $229,900

Sub Area: 0321 - Beach - North Central

Community/Resort: None

Waterfront: No

Elementary School: Hutchison Beach

Middle School: Surfside

High School: Arnold

Directions: From Hathaway Bridge heading West on Back Beach Rd (Hwy 98), Pass Clara Ave intersection, Nautilus Cove Condo is on the Right. Enter gate and take a left, condo is on the right.

Area: 03 - Bay County - Beach

Street #: 212

Street Name: Cape Cod

Street Suffix: Drive

State: FL

Zip Code: 32407

County: Bay

Subdivision: Nautilus Cove Condo

Parcel ID: 40000-100-021

Legal Description: NAUTILUS COVE CONDO PHASE 3 UNIT 212 ORB 2959 P 1449 2ND FLOOR 3BR/2BA . 1225 SQ.FT.

Floor Number: 2

Design: Low-Rise (1-3 floors)

Apx SqFt(Htd/Cooled): 1225

Immediate Occupancy: No

Construction Status: Construction Complete

SqFt Source: Prop App Site

Lot Dimensions: 0x0

New Construction: No

Garage Y/N: No

Pool: Yes

Pool Type: Community

Sub-Type: Condominium

Bedrooms: 3

Full Baths: 2

Total Baths: 2

Year Built: 2006

Homestead: No

HOA Fee: Yes

HOA Amount: 1416

HOA Frequency: Quarterly

HOA Annual Amount: 5664

Is Subject Leased: No

New Buyer Fee: No

Last Taxes: 2401

Last Tax Year: 2025

Brokerage Interest: No Interest

Condo Doc: Yes

Remarks: One of the best values for a 3-bedroom condo in Panama City Beach, this well-located 3BR/2BA second-floor residence in the gated community of Nautilus Cove offers strong appeal for both homeowners and investors. The property is currently leased with a tenant in place through June 30, 2026, providing immediate income and stability for an investment portfolio. Overlooking the resort-style pool, 212 Cape Cod Drive features a bright split-bedroom layout with a spacious living area and a well-appointed kitchen complete with granite countertops, wood cabinetry, stainless steel appliances, and a dedicated laundry room. Nautilus Cove provides desirable amenities including a clubhouse, fitness center, and playground, all within a central PCB location. Enjoy being just 5 minutes to Runaway Island and nearby beach access, 7 minutes to Pier Park, and right around the corner from Legacy Golf Club. ECP Airport is an easy 20-minute drive. With its prime location, community amenities, and rare 3-bedroom floor plan, this condo presents an excellent opportunity for long-term rental income, a low-maintenance second home, or a smart addition to an investment portfolio - while still offering exceptional value in today's market.

Inground: 1

Dishwasher: 1

Microwave: 1

Range - Electric: 1

Refrigerator: 1

Water Heater - Electric: 1

Breakfast Bar: 1

Ceiling - Vaulted: 1

Split Bedroom: 1

Accounting: 1

Community Room: 1

Dumpster: 1

Gated Community: 1

Ground Keeping: 1

Legal: 1

Pest Control: 1

Picnic Area: 1

Playground: 1

Pool: 1

Security: 1

Trash Disposal: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Unfurnished: 1

Floor - Carpet: 1

Paved Road: 1

Additional Parking: 1

Assigned: 1

Resid Multi-Family: 1

Community Room: 1

Dumpster: 1

Exercise Room: 1

Gated Community: 1

Picnic Area: 1

Playground: 1

Pool: 1

Bedroom: 1

Primary Bedroom: 1

Electricity - Connected: 1

Garbage: 1

Internet - Broadband Available: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Second: 1

Second: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

MBath Walk-In Closet: 1

MBath Shower/Tub Combo: 1

Gated Community: 1