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601 Cape Cod Drive, Panama City Beach, FL 32407

Panama City Beach, FL 32407
  • 3 Beds
  • 2 Baths
  • 1,195 Sq Ft
  • 2006 Built
  • MLS 784103

About this home

MOΤIVΑΤΕD SΕLᏞER! Seller offering $5,000 toward buyer's сlosing сosts! 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

Property typeCondominium
StatusActive
Area03 - Bay County - Beach
SubdivisionNautilus Cove Condo
CityPanama City Beach
CountyBay
Zip32407
StyleLowRise
Taxes$2,609
Tax year2025
HOAYes
HOA fee$1,508/qtr
Special conditionsListedAsIs

Interior

Total rooms4
Full baths2
AppliancesElectricCooktop,ElectricOven,ElectricWaterHeater
CoolingCentralAir,CeilingFans
HeatingCentral,Electric
Interior featuresMainLevelPrimary,TubShower

Exterior & lot

Lot dimensions0x0
RoofComposition,Shingle
PoolCommunity
ParkingPaved

Schools

ElementaryHutchison Beach
MiddleSurfside
HighArnold

Community

Community featuresBarbecue, Playground, Pool, Community Pool, Gated, Short Term Rental Allowed
DirectionsTravel west on Highway 98. Nautilus Cove is on the right side of the Highway just after the golf course.

Data source: Central Panhandle Association of REALTORS®

Location

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