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Rare opportunity to own a spacious 4-bedroom, 3-bath condo in the highly desirable Nautilus Cove community, located just one mile from the sugar-white sands and emerald waters of the Gulf. This coveted first-floor unit is one of only a select few within the community that allows short-term rentals, making it an exceptional investment opportunity, second home, or full-time residence. Estimated rental projections range from $66,000 to $86,000 annually. The thoughtfully designed floor plan offers plenty of space for family and guests, while residents enjoy gated access and resort-style amenities, including a community pool, fitness center, clubhouse, and playground. Conveniently located near shopping, dining, entertainment, and Panama City Beach attractions, this property offers the perfect blend of coastal living, convenience, and income potential. If measurements deemed important, please verify.

Highlights

  • Residential
  • Condominium
  • Built in 2006
  • $1,508/qtr HOA
  • 141 days on Market

  • Bedrooms
    4
  • Bathrooms
    3
  • Year Built
    2006
  • Architectural Style
    Low Rise
  • Construction Materials
    HardiPlank Type
  • Appliances
    Electric Cooktop
  • Pool Features
    Community
  • Cooling
    Central Air
  • Heating
    Central

  • Area
    03 - Bay County - Beach
  • County
    Bay
  • City
    Panama City Beach
  • Neighborhood
    Nautilus Cove Condo
  • Zip Code
    32407
  • High School
    Arnold
  • Middle School
    Breakfast Point
  • Elementary School
    Breakfast Point

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Frequently Asked Questions

How do I schedule a tour of 101 Cape Cod Dr?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 101 Cape Cod Dr.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 101 Cape Cod Dr?

Click Ask a Question to talk with our team. You already know it is a 4 bed, 3 bath, listed for $285,000. We can talk through recent upgrades, potential seller motivation, how this condominium compares to others in Panama City Beach, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 101 Cape Cod Dr?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 101 Cape Cod Dr at around $1,622. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 101 Cape Cod Dr?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Bay County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 101 Cape Cod Dr?

In most cases, yes. Whether 101 Cape Cod Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Panama City Beach's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 101 Cape Cod Dr?

We can handle that for you. Our preferred local agent specializes in residentials in Panama City Beach and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $285,000 with 1,400 sqft of space—that comes out to approximately $204 per square foot.

How long has this property been on the market?

101 Cape Cod Dr was listed on June 27, 2026, which means it's been on the market for 141 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2006, making it approximately 20 years old.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Breakfast Point
  • Middle: Breakfast Point
  • High: Arnold

Want to see how these schools compare? Check out our Bay County School Guide to see ratings, reviews, and more for the schools in the area.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $1,508 paid quarterly.

This covers access to community features including: Pool, Water, Gated, Management, Maintenance Grounds.

Is 101 Cape Cod Dr still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Central Panhandle Association of REALTORS. All rights reserved.

Last Updated: November 15, 2026 at 03:43PM | Source: Central Panhandle Association of REALTORS | MLS#: 791961