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$198,000
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Property Description
This unit allows rentals with a 3-month minimum, making this an ideal opportunity for snowbirds and second-home owners who want to spend the winter months soaking up Panama City Beach sunshine, then generate income during peak summer season. It's the perfect balance of personal use and smart investment potential. Live the beach life at Nautilus Cove, a gated condo community in Panama City Beach just ½ mile from the Gulf's white sandy beaches. This light-filled 2-bedroom, 2nd-floor condo offers added privacy with no upstairs neighbors and a comfortable, low-maintenance coastal lifestyle. Recent updates include a 2023 HVAC system, and the HOA makes ownership easy by covering water, sewer, garbage, landscaping, and access to community amenities. Enjoy resort-style living with a pool, clubhouse, fitness center, BBQ area, playground, and plenty of green space for pets-with the pool and playground conveniently located right outside your door. Located only 2 miles to Pier Park, you're close to shopping, dining, schools, and entertainment. TopGolf, Dolly Parton's Pirate Voyage, and Camp Helen State Park are all just minutes away. Whether you're searching for a primary residence, winter retreat, or income-producing second home, this condo delivers location, lifestyle, and flexibility in the heart of Panama City Beach.
Full Property Details
Full Property Details for 512 Lighthouse Rd
General
- Price: $198,000
- Taxes: $2,038 (2024)
- Status: Active
- Type: Condo
- Source: Bay_County
- MLS ID: 775173
- Updated: 3/13/2026
- Added to Site: 127 day(s) ago
Interior
- Number of Rooms: 2
- Appliances: Electric Range, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Gated, Barbecue, Picnic Area
- Pool: Yes
- Pool Description: In Ground, Community
- Security/Safety: Security Gate
Parking
- Parking Features: Paved, Parking Lot, Gated
Location
- County: Bay
- Subdivision: Nautilus Cove Condo
- Driving Directions: Start on US‑98 / Panama City Beach Parkway, heading west. Continue straight past Richard Jackson Blvd. Proceed until you reach the north side of the Parkway at the entrance for Nautilus Cove Condominiums. Turn right into the complex entrance.
School Information
- Elementary School: Hutchison Beach
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Low Rise
- Sq. Ft. Source: Appraiser
- Year Built: 2006
Lot Features
- Lot Dimensions: 0 x 0
- Frontage: Highway
- Lot Features: Paved
- Zoning: Resid Multi-Family
Financial Considerations
- Tax Amount: $2,038
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: NAUTILUS COVE CONDO PHASE 4 UNIT 512 ORB 2832 P 523 2ND FLOOR 2BR/2BA ORB 4136 P 92 965 SQ.FT.
- Property ID: 40000-100-045
Listed by Beachy Beach Real Estate
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Schools
Schools serving 512 Lighthouse Rd
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Hutchison Beach Elementary School 12900 Middle Beach Rd, Panama City, FL 32407 | K-5 | 0.9 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 0.4 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 512 Lighthouse Rd
Date
Details
Price
Change
Source
3/13/2026
Price Increased
$198,000
0.25%
MLS
3/06/2026
Price Reduced
$197,500
-0.25%
MLS
2/27/2026
Price Reduced
$197,999
—
MLS
2/13/2026
Price Increased
$198,000
0.05%
MLS
2/07/2026
Price Reduced
$197,900
-0.05%
MLS
1/16/2026
Price Reduced
$198,000
-0.5%
MLS
1/02/2026
Price Increased
$198,999
—
MLS
11/28/2025
Price Reduced
$198,997
—
MLS
11/26/2025
Price Reduced
$198,998
—
MLS
11/14/2025
Price Reduced
$198,999
-0.5%
MLS
10/31/2025
Price Reduced
$200,000
-0.5%
MLS
10/24/2025
Price Reduced
$201,000
-0.25%
MLS
10/18/2025
Price Reduced
$201,500
-0.25%
MLS
10/10/2025
Price Reduced
$202,000
-0.49%
MLS
10/03/2025
Price Reduced
$203,000
-0.25%
MLS
9/25/2025
Price Reduced
$203,500
-0.25%
MLS
9/19/2025
Price Reduced
$204,000
-0.24%
MLS
9/12/2025
Price Reduced
$204,500
-0.24%
MLS
9/02/2025
Price Reduced
$205,000
-0.49%
MLS
8/16/2025
Price Reduced
$206,000
-0.48%
MLS
7/04/2025
Price Reduced
$207,000
-0.96%
MLS
6/19/2025
Listed
$209,000
12.97%
MLS
4/12/2024
Sold
$185,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 512 Lighthouse Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,716
-16%
$157,250
-4%
2024
$2,038
3%
$164,050
-2%
2023
$1,977
40%
$167,450
58%
2021
$1,408
-14%
$106,250
-28%
2022
$1,638
16%
$146,625
30%
2021
$1,408
—
$113,050
7%
2019
$1,407
8%
$106,123
10%
2018
$1,300
204%
$96,475
54%
2017
$427
9%
$62,485
2%
2016
$390
-3%
$61,200
1%
2015
$401
-41%
$60,775
10%
2014
$683
10%
$55,250
—
2013
$621
—
$55,250
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 512 Lighthouse Rd
512 Lighthouse Road, Panama City Beach, FL 32407 (MLS# 775173) is a Condo property with 2 bedrooms and 2 full bathrooms. 512 Lighthouse Road is currently listed for $198,000 and was received on December 13, 2025. Want to learn more about 512 Lighthouse Road? Do you have questions about finding other Condo real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

