1 Bed
1 Bath
790 SqFt
1 Bed
1 Bath
790 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 790 sqft
Price per Sqft $329
Subdivision Nautical Watch Ii
MLS Listing ID 795611
Style Low Rise
Bedrooms 1
Full Baths 1
HOA Fees $1,860/qua
HOA Y/N Yes
Year Built 1984
Annual Tax Amount $2,758
Tax Year 2025
Property Sub-Type Condominium
Property Description
This 1-bedroom + loft condo at Nautical Watch on the east end of Panama City Beach is priced as a 1 bedroom, but earns higher rental income of a 2 bedroom. Fully furnished and turnkey, it delivers strong annual gross rental income. In 2025 alone it generated $35,000 in gross revenue.
Just steps from the famous sugar-white sandy beaches and emerald Gulf waters. Half a mile west of Schooners and 1.5 miles east of Pineapple Willie's, you're close to restaurants, mini-golf, and attractions while still enjoying a quieter stretch of the beach. The complex has a locked, gated beach access so the parking lot stays for owners and guests only--no random beach traffic.
Resort-style amenities without the high-rise hassle
Low-rise building with easy front-door parking. Beautiful heated pool that snowbirds love in the late fall and winter. Two propane grills on-site for owners and renters.
Exceptionally low carrying costs
HOA is only $620/month ($1,860 paid quarterly)--significantly lower than most comparable complexes. It covers exterior insurance (walls out), water, pest control, pool, landscaping, roof, parking lot, security, and more. Your only regular bills are electric (averages ~$110/month) and Wi-Fi (~$40/month). No special assessments in the 12+ years of current ownership, and none are planned.
Updated & protected:Brand-new HVAC system installed last year, hurricane-proof sliding glass door to the patio (1 year old), hurricane-proof windows recently replaced, refrigerator ~18 months old; washer/dryer combo 4-6 years old, A/C sensors for when doors are left open to save your energy and HVAC system.
Clean, low-maintenance, and ideally located for both personal use and strong rental demand. This unit is perfect for your family trips or a solid short term rental investment. Don't miss this one!
Location
State FL
County Bay
Community Community Pool, Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Pool Community
Community Features Community Pool, Short Term Rental Allowed
Utilities Available Cable Connected, High Speed Internet Available
Amenities Available Barbecue
Porch Balcony
Private Pool No
Building
Sewer Public Sewer
Architectural Style Low Rise
New Construction No
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
HOA Fee Include Legal/Accounting,Maintenance Grounds,Pest Control,Pool(s),Trash
Restrictions Short Term Rentals Allowed
Tax ID 30585-983-000
Nearby Locations
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