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

Floor Number: 1

Design: Low-Rise (1-3 floors)

Apx SqFt(Htd/Cooled): 1195

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

Accessory Dwelling Unit: No

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

List Price/SqFt: 196.65

Status: Active

List Date: 2026-01-23

List Price: $235,000

Current Price: $235,000

Sub Area: 0321 - Beach - North Central

Community/Resort: None

Waterfront: No

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.

Area: 03 - Bay County - Beach

Street #: 601

Street Name: Cape Cod

Street Suffix: Drive

State: FL

Zip Code: 32407

County: Bay

Subdivision: Nautilus Cove Condo

Parcel ID: 40000-100-058

Legal Description: NAUTILUS COVE CONDO PHASE 5 UNIT 601 ORB 2832 P 523 1ST FLOOR 3BR/2BA ORB 4652 P 2385 1195 SQ.FT.

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: 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!

Cooktop - Electric: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Microwave: 1

Oven - Electric: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Breakfast Bar: 1

Floor - Tile: 1

Floor - Vinyl: 1

Pantry: 1

Window - Treatment All: 1

Roof - Composite Shngl: 1

Siding - Stucco: 1

Accounting: 1

Dumpster: 1

Exercise Room: 1

Gated Community: 1

Ground Keeping: 1

Insurance: 1

Management: 1

Playground: 1

Pool: 1

Sewer: 1

Water: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Furnished: 1

First: 1

Paved Road: 1

Assigned: 1

Paved: 1

Resid Multi-Family: 1

BBQ Pit/Grill: 1

Dumpster: 1

Gated Community: 1

Playground: 1

Pool: 1

Sidewalks: 1

Bedroom: 1

Kitchen: 1

Primary Bedroom: 1

Electricity - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

As Is: 1

First: 1

First: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

MBed First Floor: 1

MBath Shower/Tub Combo: 1

Gated Community: 1