601 Cape Cod Drive Na, Panama City Beach

$225,000

3 Beds
2 Baths
1,195 Sqft
0 Acre
0 Garage

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!

Essential Information
MLS® #993611
Price$225,000
Bedrooms3
Bathrooms2.00
Full Baths2
Square Footage1,195
Year Built2006
TypeResidential
Sub-TypeCondominium
StyleN/A
StatusActive
Community Information
Address601 Cape Cod Drive Na
Area27 - Bay County
SubdivisionNAUTILUS COVE CONDO
CityPanama City Beach
CountyBay
StateFL
Zip Code32407
Utilities

Electric, Public Sewer, Public Water

Interior
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
Interior Features

Breakfast Bar, Owner's Closet, Pantry

Appliances

Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater

Exterior
WindowsWindow Treatments
RoofComposite Shngl
ConstructionStucco
School Information
ElementaryHutchinson Beach
MiddleSurfside
HighArnold
Listing Details
OfficeEXP Realty LLC
Property History
Price Reduced from $235,000 to $225,000
Price Reduced from $239,000 to $235,000
Price Reduced from $242,500 to $239,000
Price Reduced from $250,000 to $242,500
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DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.
Vendors Member Number : 28325

Listing information last updated on October 14th, 2026 at 1:07pm CDT.