212 Cape Cod Dr, Panama City Beach, FL, 32407
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 2006
Type & Style
- Home type: Condo
- Architectural style: Low Rise
- Property subType: Condominium
Interior
Appliances
- Appliances included: Electric Range,Electric Water Heater
Bedroom
- Level: Second
- Dimensions: 12 x 12
Bedroom
- Level: Second
- Dimensions: 12 x 10
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air,Ceiling Fan(s)
Interior Area
- Total structure area: 1,225
- Total interior livable area: 1,225 sqft
Master Bedroom
- Level: Second
- Dimensions: 14 x 12
Property
Details
- Parcel number: 40000100021
- On leased land: Yes
- Zoning description: Resid Multi-Family
Features
- Pool features: In Ground,Community
Lot
- Features: Paved
- Lot size dimensions: 0 x 0
Parking
- Parking features: Additional Parking
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Tornado
- Cold Wave
- Heat Wave
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Bay County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,162 | $13,944 |
| Home Insurance * | $83 | $996 |
| Property Taxes | $271 | $3,252 |
| Electricity | $197 | $2,366 |
| Total | $1,713 | $20,556 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-06 | Listed for sale | $229,900 |
| 2025-07-03 | Listing removed | $1,700 |
| 2025-04-30 | Price change | $1,700 |
| 2025-04-15 | Price change | $1,750 |
| 2025-03-12 | Price change | $1,800 |
| 2025-02-26 | Listed for rent | $1,850 |
| 2024-08-26 | Listing removed | $1,850 |
| 2024-02-21 | Listed for rent | $1,850 |
| 2024-02-21 | Listing removed | -- |
| 2024-02-16 | Price change | $1,800 |
| 2023-12-19 | Price change | $1,850 |
| 2023-12-04 | Listed for rent | $1,900 |
| 2020-09-16 | Listing removed | $1,450 |
| 2020-08-28 | Listed for rent | $1,450 |
| 2018-10-27 | Listing removed | $1,400 |
| 2018-09-22 | Listed for rent | $1,400 |
| 2016-09-02 | Listing removed | $1,250 |
| 2016-05-20 | Listing removed | $1,350 |
| 2015-05-24 | Listing removed | $1,195 |
| 2015-05-14 | Listed for rent | $1,195 |
| 2007-08-08 | Sold | $179,000 |
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