SHORT TERM RENTALS ALLOWED FOR THIS UNIT in Nautilus Cove. A charming coastal retreat in the heart of Panama City Beach. This well-maintained ground floor unit features an open living area, spacious kitchen, and inviting bedrooms designed for comfort. Enjoy the community's resort-style amenities including a sparkling pool, tennis courts, clubhouse, and beautifully landscaped grounds. Perfectly located just minutes from the beach, shopping, dining, and entertainment this property offers the ideal blend of relaxation and convenience for an investment property, second home or primary residence. Schedule your showing today. New HVAC in 2025 (inside unit) New Water heater 2023 New Refrigerator 2025
CondoProperty Type
2006Year Built
$187Est. Price/Sq.Ft.
Listed by Angela Hale• ERA Neubauer Real Estate, Inc
SHORT TERM RENTALS ALLOWED. Projected Annual Revenue $49.7K. Don't miss out on this freshly remodeled 2BR 2BA condo centrally located in Panama City Beach. Nautilus Cove is a gated condominium community in the heart of beautiful Panama City Beach. Nautilus Cove offers several amenities including a large resort style pool, fitness center, club house with full kitchen, children's playground, and pet friendly walking stations. Hurricane proof windows installed in 2023 as well as new exterior door. Located in central Panama City Beach you are close distance to the beautiful Emerald waters of the Gulf and less than 2 miles from Pier Park where you will find great restaurants, entertainment and shopping.
Public Records
Feb 8, 2023
Sold
$187,500
$201/sq ft
CPARMLS #722944
Feb 22, 2022
Listed
$215,000
$230/sq ft
CPARMLS #664886
Jan 31, 2018
Sold
$118,000
$126/sq ft
Nov 6, 2017
Listed
$132,500
$142/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,184 (−2.4%)
$164,900
2024
$2,239 (+11.6%)
$170,000
2023
$2,007 (+25.2%)
2022
$1,603 (+14.2%)
2021
$1,404 (−1.1%)
$106,250
2020
$1,419 (+2.8%)
$109,650
2019
$1,381 (+25.3%)
$106,675
2018
$1,102 (+17.7%)
2017
$936 (+18.8%)
$82,450
2016
$788 (+8.5%)
$67,320
2015
$726 (+10.0%)
2014
$660
Tax history for 505 Lighthouse Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,184 (−2.4%)
$164,900
2024
$2,239 (+11.6%)
$170,000
2023
$2,007 (+25.2%)
2022
$1,603 (+14.2%)
2021
$1,404 (−1.1%)
$106,250
2020
$1,419 (+2.8%)
$109,650
2019
$1,381 (+25.3%)
$106,675
2018
$1,102 (+17.7%)
2017
$936 (+18.8%)
$82,450
2016
$788 (+8.5%)
$67,320
2015
$726 (+10.0%)
2014
$660
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
2
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
2006
Sq. Ft.
935
Year built
2006
Style
Condo/Co-op
County
Bay County
APN
40000100038
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
Property details
Parking
Parking
Features: Gated
Interior
Bathroom Information
# of Full Bathrooms: 2
Room Information
# of Rooms (Total): 2
Room Types: Bedroom
Room 1 Information
Bedroom
Level: First
Dimensions: 12 x 10
Length: 12.0
Width: 10.0
Room 2 Information
Bedroom
Level: First
Dimensions: 12 x 10
Length: 12.0
Width: 10.0
Equipment
Appliances: Electric Cooktop, Electric Water Heater
Exterior
Exterior Features
Security Features: Gated Community, Security Gate
Mobile Home Information
Mobile Dimension Units: Feet
Pool and Spa Information
Pool Features: Gunite, In Ground, Community
Lot Information
Lot Size Dimensions: 0x0
Zoning Description: Resid Multi-Family
Property Information
Entry Level: 1
Financial
Tax Information
Annual Tax Amount: $2,239
Tax Year: 2024
Utilities
Utility Information
Utilities: Electricity Available
Sewer: Public Sewer
Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Electric
Location
Multi Unit Information
Units Furnished: None
HOA Information
Has Home Owners Association
Association Amenities: Picnic Area
Community Information
Community Features: Playground, Pool, Community Pool, Gated, Short Term Rental Allowed
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 935
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: 2006
Year Renovated: 2006
County: Bay County
APN: 40000100038
Home facts updated by county records on Sep 14, 2026
Around this home
Schools
Surfside Middle School
Public PreK-12 • Assigned • 0.4mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
3% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 105° expected this year, 21 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Panama City Beach, FL • 32407
Average low and high temperatures (°F)
61
43
67
52
73
57
78
63
83
70
88
76
91
79
89
76
88
71
81
64
75
58
66
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.5 hours in
June and 5.6 hours in December, placing it above the
U.S. average for solar exposure.
9.5 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$167,000 – $202,000
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