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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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608 Cape Cod Dr , Panama City Beach, FL 32407
$209,900
Est. Payment: $1,159.67/mo
3 Bed
2 Bath
1195 Sqft
Status: Active | Days on site: 124
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Harrison Lilly Team
Owner/Operator

House Description

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.

Highlights

Listed by Heather Butler , 850-250-6184 Think Real Estate , 850-270-4200. Bay County Association of REALTORS

Property Type

Condo/Townhome

HOA Fee

1508 Quarterly

Year Built

2006

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Nautilus Cove Condo

Listing ID

791228

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Electric Range, Electric Water Heater
Air Cond:Central Air,Ceiling Fan(s)
Fireplaces:
Other:
  • ▪ Additional:Main Level Primary, Tub Shower, Walk-In Closet(s)

Exterior Features

Lot:Paved
Lot Dimensions:0x0
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved
Principal Interest
$1,160
Taxes
$217
HOA
$1,508

Home Price

$209,900

Loan Details

30 yrs
7.374%

Down Payment

20%
$41,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,159.67

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $1,159.67 $217.42 $1,508.00 $2,885.08
Yearly $13,916.01 $2,609.00 $18,096.00 $34,621.01
Total $417,480.22 $78,270.00 $542,880.00 $1,038,630.22

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T05:07:46.000Z

© 2026 Bay County Association of REALTORS