$209,900
608 Cape Cod Dr , Panama City Beach, FL 32407
- 3
- beds
- 2
- baths
- 1,195
- sqft
- 2006
- year built
- Status:
- Active
- MLS #:
- 791228
- Neighborhood:
- Nautilus Cove Condo
- County:
- Bay
- Listed By:
- Heather Butler - Think Real Estate
- Agent Phone:
- (850) 250-6184
- Agent Email:
- heather.butler@whenyouthink.com
Sponsoring Broker: Jennifer Ledesma, Berkshire Hathaway HomeServices Beach Properties of Florida
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 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
- Residential
- Condominium
- Built in 2006
- $1,508/qtr HOA
- 155 days on Market
-
- Bedrooms
- 3
-
- Bathrooms
- 2
-
- Year Built
- 2006
-
- Architectural Style
- Low Rise
-
- Construction Materials
- Frame, HardiPlank Type
-
- Foundation
- Slab
-
- Parking Features
- Paved
-
- Interior Features
- Walk-In Closet(s)
-
- Appliances
- Electric Range, Electric Water Heater
-
- Pool Features
- Gunite, In Ground, Community
-
- Security Features
- Gated Community
-
- Cooling
- Ceiling Fan(s), Central Air
-
- Heating
- Electric, Central
-
- Lot Features
- Paved
-
- Utilities
- Electricity Available
-
- Area
- 03 - Bay County - Beach
-
- County
- Bay
-
- City
- Panama City Beach
-
- Neighborhood
- Nautilus Cove Condo
-
- Zip Code
- 32407
-
- High School
- Arnold
-
- Middle School
- Surfside
-
- Elementary School
- Hutchison Beach
-
Ask a Question
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Price History
| 06/12/2026 | Listed | $209,900 |
| Source: Central Panhandle Association of REALTORS #791228 | ||
| 02/27/2026 | Off Market | — |
| Source: Emerald Coast Association of REALTORS #996495 | ||
| 02/27/2026 | Off Market | — |
| Source: Emerald Coast Association of REALTORS #996495 | ||
| 02/26/2026 | Off Market | — |
| Source: Central Panhandle Association of REALTORS #785911 | ||
| 04/19/2022 | Sold | $227,500 |
| Source: Central Panhandle Association of REALTORS #722164 | ||
| 02/10/2022 | Listed | $249,900 |
| Source: Central Panhandle Association of REALTORS #722164 | ||
| 03/28/2018 | Sold | $134,500 |
| Source: Central Panhandle Association of REALTORS #666123 | ||
| 12/19/2017 | Listed | $138,500 |
| Source: Central Panhandle Association of REALTORS #666123 | ||
Source: MLS Data
Deed History
| 04/20/2022 | Warranty Deed | $227,500 |
| 03/28/2018 | Warranty Deed | $134,500 |
| 01/09/2007 | Special Warranty Deed | $174,900 |
Source: Public records via Constellation Data Labs
Mortgage History
| 06/23/2021 | Open End with Future Advance Clause / Open End Mortgage | $135,000 |
| 01/09/2007 | Purchase Money Mortgage | $100,000 |
Source: Public records via Constellation Data Labs
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There are currently 1217 properties available in Panama City Beach, with 1 under contract to close soon. Properties in the city have an average sale price of $529,301 and typically spend 122 days on the market before being sold.
Want to compare this property to others available for sale in the area? Use our search to find exactly what you want among our 2,000,000+ listings and to see incredible photos to show you what is possible.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 608 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 608 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 608 Cape Cod Dr?
Click Ask a Question to talk with our team. You already know it is a 3 bed, 2 bath, listed for $209,900. 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 608 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 608 Cape Cod Dr at around $1,412. 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 608 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 608 Cape Cod Dr?
In most cases, yes. Whether 608 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 608 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 $209,900 with 1,195 sqft of space—that comes out to approximately $176 per square foot.
How long has this property been on the market?
608 Cape Cod Dr was listed on June 12, 2026, which means it's been on the market for 155 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: Hutchison Beach
- Middle: Surfside
- 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.
What are the property taxes for 608 Cape Cod Dr?
The most recent public record shows annual property taxes for 608 Cape Cod Dr were approximately $2,609. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
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: Playground, Trash, Pool, Water, Gated, Management, Maintenance Grounds.
Is 608 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 14, 2026 at 04:30PM | Source: Central Panhandle Association of REALTORS | MLS#: 791228
