# 601 Cape Cod Drive, Panama City Beach, FL 32407 > **TL;DR:** 3bd/2ba condo, $225,000 ($188/sqft), built 2006, 1,195 sqft. > A/C. Est. $2,712/mo. Listed 280 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $225,000 | | Price/sqft | $188 | | Bedrooms | 3 | | Bathrooms | 2 full | | Square Feet | 1,195 | | Year Built | 2006 | | Stories | 1 | | Property Type | Condo (Condominium) | | Status | Active | | Days on Market | 280 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,138 | | Estimated Insurance | $66 | | HOA | $1,508 | | **Total** | **$2,712** | ## Nearby Schools - **Elementary:** Hutchinson Beach - **Middle:** Surfside - **High:** Arnold ## Key Amenities - A/C ## Property Highlights - Built in 2006 - 1 parking spaces ## Description ### Agent Description 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! ## Location - **Address:** 601 Cape Cod Drive, Panama City Beach, FL 32407 - **County:** Bay - **Neighborhood:** NAUTILUS COVE CONDO - **Coordinates:** 30.210577, -85.846478 - **Google Maps:** https://www.google.com/maps?q=30.210577,-85.846478 ## Listing Agent - **Name:** Melissa A Haworth · **License:** 3481018 - **Brokerage:** EXP REALTY LLC - **Broker Phone:** (888) 883-8509 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/601-Cape-Cod-Dr_Panama-City-Beach_FL_32407_M57256-02573?f=listhub&s=ECARMLSFL&m=993611&c=propsimple) ## Photos ![601 Cape Cod Drive - Photo 1](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f3344530116r.jpg) ![601 Cape Cod Drive - Photo 2](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f804940097r.jpg) ![601 Cape Cod Drive - Photo 3](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f2048090012r.jpg) ![601 Cape Cod Drive - Photo 4](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f1501160946r.jpg) ![601 Cape Cod Drive - Photo 5](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f1555569003r.jpg) ![601 Cape Cod Drive - Photo 6](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f254453303r.jpg) ![601 Cape Cod Drive - Photo 7](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f3496158886r.jpg) ![601 Cape Cod Drive - Photo 8](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f2758318507r.jpg) ![601 Cape Cod Drive - Photo 9](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f2591689579r.jpg) ![601 Cape Cod Drive - Photo 10](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f2679977539r.jpg) ![601 Cape Cod Drive - Photo 11](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f859206276r.jpg) ![601 Cape Cod Drive - Photo 12](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f2163674917r.jpg) ![601 Cape Cod Drive - Photo 13](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f621169527r.jpg) ![601 Cape Cod Drive - Photo 14](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f162062919r.jpg) ![601 Cape Cod Drive - Photo 15](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f1470382892r.jpg) ![601 Cape Cod Drive - Photo 16](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f2491342672r.jpg) ![601 Cape Cod Drive - Photo 17](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f1919278615r.jpg) ![601 Cape Cod Drive - Photo 18](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f4236849766r.jpg) ![601 Cape Cod Drive - Photo 19](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f1718529609r.jpg) ![601 Cape Cod Drive - Photo 20](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f1026149782r.jpg) ![601 Cape Cod Drive - Photo 21](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f3058669846r.jpg) ![601 Cape Cod Drive - Photo 22](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f2492536355r.jpg) ![601 Cape Cod Drive - Photo 23](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f1173746366r.jpg) ![601 Cape Cod Drive - Photo 24](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f3301653375r.jpg) ![601 Cape Cod Drive - Photo 25](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f2851648924r.jpg) ![601 Cape Cod Drive - Photo 26](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f2980135367r.jpg) ![601 Cape Cod Drive - Photo 27](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f1827098594r.jpg) ![601 Cape Cod Drive - Photo 28](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f2433175992r.jpg) ![601 Cape Cod Drive - Photo 29](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f3244430433r.jpg) ![601 Cape Cod Drive - Photo 30](http://lh.rdcpix.com/6724d1366a06fb2a12e9979107468b0cl-f2345689758r.jpg) --- **MLS#:** 993611 | **Updated:** 2026-10-28 **Source:** listhub *Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/601-cape-cod-drive-panama-city-beach-fl-32407-38b239b450614dcc99d556d56cabc474) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/601-cape-cod-drive-panama-city-beach-fl-32407-38b239b450614dcc99d556d56cabc474#listing", "url": "https://www.propertysimple.ai/listing/601-cape-cod-drive-panama-city-beach-fl-32407-38b239b450614dcc99d556d56cabc474", "name": "601 Cape Cod Drive, Panama City Beach, FL 32407", "description": "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. 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