601 Cape Cod Dr, Panama City Beach, FL, 32407
About This Home
ACTIVE SHORT TERM RENTAL GROSSING OVER $36K LAST YEAR. Turnkey, fully furnished, and ready to earn! This 3-bedroom, 2-bath condo in the gated Nautilus Cove community is the perfect beach getaway and short-term rental investment. Sold fully furnished and rental-ready, this first-floor unit makes owning at the beach easy from day one. Inside, you'll find a bright, open layout with stainless steel appliances, granite countertops, updated bathroom vanities, and durable flooring throughout--ideal for beach life and guests alike. The bedrooms are generously sized, offering comfortable accommodations for family, friends, or vacation renters. Nautilus Cove is centrally located in Panama City Beach, just minutes from the white-sand beaches, dining, shopping, and entertainment. Community amenities include a resort-style pool, fitness center, playground, and gated entry--everything guests (and owners) love. Whether you're looking for a vacation home, income-producing property, or both, this condo checks all the boxes. Beach days, rental income, and low-maintenance living--this is PCB living done right!
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 2006
Materials
- Roof: Composition,Shingle
- Construction materials: Stucco
Type & Style
- Home type: Condo
- Architectural style: Low Rise
- Property subType: Condominium
Interior
Appliances
- Appliances included: Electric Cooktop,Electric Oven,Electric Water Heater
Bedroom
- Level: First
- Dimensions: 11.7 x 10.9
Bedroom
- Level: First
- Dimensions: 10.1 x 11.9
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: 1,195
- Total interior livable area: 1,195 sqft
Kitchen
- Level: First
- Dimensions: 8 x 6
Master Bedroom
- Level: First
- Dimensions: 12 x 12
Property
Details
- Parcel number: 40000100058
- Zoning description: Resid Multi-Family
- Special condition: Listed As-Is
Features
- Pool features: Community
Lot
- Features: Paved
- Lot size dimensions: 0 x 0
Parking
- Parking features: Paved
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 | $1,188 | $14,256 |
| Home Insurance * | $84 | $1,008 |
| Property Taxes | $256 | $3,072 |
| Electricity | $197 | $2,366 |
| Total | $1,725 | $20,700 |
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 |
|---|---|---|
| 2026-04-28 | Price change | $242,500 |
| 2026-02-17 | Listing removed | $2,400 |
| 2026-01-23 | Listed for sale | $250,000 |
| 2026-01-10 | Listed for rent | $2,400 |
| 2025-12-30 | Listing removed | $2,400 |
| 2025-08-05 | Listed for rent | $2,400 |
| 2024-02-01 | Sold | $270,000 |
| 2023-12-27 | Contingent | $270,000 |
| 2023-12-14 | Listed for sale | $270,000 |
| 2023-01-31 | Sold | $255,000 |
| 2022-11-11 | Listed for sale | $250,000 |
| 2021-07-15 | Sold | $185,000 |
| 2021-07-09 | Pending sale | $180,000 |
| 2021-04-16 | Contingent | $180,000 |
| 2021-04-16 | Listed for sale | $180,000 |
| 2019-05-31 | Sold | $145,000 |
| 2017-06-30 | Sold | $118,000 |
| 2017-05-04 | Pending sale | $118,000 |
| 2017-04-19 | Listed for sale | $118,000 |
| 2012-06-18 | Sold | $81,000 |
| 2006-12-15 | Sold | $163,100 |
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