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$209,900

  • For Sale
  • Active
  • Condo
  • 3 Beds
  • 2 Full Baths
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PRICE IMPROVEMENT! STR-ALLOWABLE 3-BEDROOM NOW $209,900! Welcome to 608 Cape Cod Drive in Nautilus Cove, where opportunity meets affordability in one of Panama City Beach's desirable vacation-rental communities. This 3-bedroom, 2-bath condo is an approved short-term-rental-allowable unit, making it an excellent option for an investment property, vacation home, second home, or personal residence. At just $209,900, this is currently the lowest-priced 3-bedroom short-term-rental-allowable unit in Nautilus Cove, creating an exceptional opportunity for investors looking for an affordable entry into the Panama City Beach vacation-rental market. Nautilus Cove offers a convenient location near the sugar-white beaches and emerald waters of the Gulf, as well as restaurants, shopping, entertainment, and everything Panama City Beach has to offer. Community amenities include a pool, fitness area, and playground. Whether you're looking to generate rental income, have your own beach getaway, or enjoy the flexibility of a property that can serve multiple purposes, 608 Cape Cod deserves a look. Opportunities to purchase a 3-bedroom STR-allowable unit at this price point in Nautilus Cove are limited. Buyer to verify all information, including dimensions, HOA restrictions, rental rules, and current short-term-rental requirements.

Full Property Details for 608 Cape Cod Dr

General

  • Price: $209,900
  • HOA FEE: $503/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $2,609 (2025)
  • Status: Active
  • Type: Condo
  • Source: Bay_County
  • MLS ID: 791228
  • Updated: 9/22/2026
  • Added to Site: 120 day(s) ago

Interior

  • Number of Rooms: 3
  • Interior Features: Main Level Primary, Tub Shower, Walk-In Closet(s)
  • Appliances: Electric Range, Electric Water Heater

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Shared Amenities: Gated
  • Pool: Yes
  • Pool Description: Gunite, In Ground, Community
  • Security/Safety: Gated Community

Parking

  • Parking Features: Paved

Location

  • County: Bay
  • Subdivision: Nautilus Cove Condo
  • Driving Directions: Traveling West on US 98, take a right into Nautilus Cove just past Destiny Worship Center. Take a left upon entering the complex and follow around for approximately 0.2 miles. Unit is located on the back side of building 6..

School Information

  • Elementary School: Hutchison Beach
  • Middle School: Surfside
  • High School: Arnold

Community

  • Community Name: 03 - Bay County - Beach
  • Association: Yes
  • Assoc. Fees Include: Association Management, Fitness Facility, Legal/Accounting, Maintenance Grounds, Playground, Pool(s), Sewer, Trash, Water

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electricity Available

Structural Information

  • Architectural Style: Low Rise
  • Construction: HardiPlank Type, Wood Frame
  • Roof: Shingle
  • Sq. Ft. Source: Appraiser
  • Year Built: 2006
  • Other Struct. Feat.: Dumpster

Lot Features

  • Lot Dimensions: 0 x 0
  • Lot Features: Paved

Financial Considerations

  • Association Fee: $1,508
  • Assoc Fee Freq.: Quarterly
  • Tax Amount: $2,609
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: NAUTILUS COVE CONDO PHASE 5 UNIT 608 ORB 2832 P 523 1ST FLOOR 3BR/2BA ORB 4553 P 510 1195 SQ.FT.
  • Property ID: 40000-100-065

Listed by Think Real Estate

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— 608 Cape Cod Dr —

  • Think Real Estate

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 608 Cape Cod Dr

School District:Bay County School District
NameGradesDistance
Hutchison Beach Elementary School
12900 Middle Beach Rd, Panama City, FL 32407
K-51 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-80.4 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-122 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 608 Cape Cod Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/22/2026
Price Reduced
$209,900
-12.18%
MLS
7/30/2026
Price Reduced
$239,000
-4.02%
MLS
6/12/2026
Listed
$249,000
9.45%
MLS
4/19/2022
Sold
$227,500
—
Public Record
Get Price Alerts and Save Property
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 for 608 Cape Cod Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,670
—
$199,750
-2%
2024
$2,670
-5%
$204,000
-8%
2023
$2,800
77%
$221,000
82%
2021
$1,580
-11%
$121,550
-21%
2022
$1,771
17%
$153,000
30%
2019
$1,509
18%
$117,300
25%
2018
$1,284
26%
$93,500
10%
2017
$1,021
—
$85,000
-1%
2016
$1,017
-1%
$86,040
2%
2015
$1,026
8%
$84,150
8%
2014
$951
10%
$77,950
—
2013
$864
—
$77,950
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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608 Cape Cod Drive, Panama City Beach, FL 32407 (MLS# 791228) is a Condo property with 3 bedrooms and 2 full bathrooms. 608 Cape Cod Drive is currently listed for $209,900 and was received on June 12, 2026. Want to learn more about 608 Cape Cod Drive? 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.

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