SHORT TERM RENTALS ALLOWED!! Welcome to the heart of Panama City Beach! Nautilus Cove Condos offers nice amenities like a large lagoon style pool, fitness center, and playground. Location is ideal as the beach is only 1 mile away and shopping, schools, and entertainment are just over 2 miles. This delightful 2 bedroom 2 bath downstairs unit allows short term rentals. The flooring was recently updated and kitchen/baths have granite counter tops. Whether you're purchasing as an investment or as your forever home, this furnished unit is turn key and ready for you. If measurements deemed important, please verify.
For sale
$199,000
503 Lighthouse Rd, Panama City Beach, FL 32407
2beds
935sqft
Est.:
Condominium
Built in 2006
-- sqft lot
$-- Zestimate®
$213/sqft
$-- HOA
What's special
Furnished unitDownstairs unitLarge lagoon style pool
- 315 days |
- 96 |
- 8 |
Zillow last checked: 8 hours ago
Listing updated: December 02, 2025 at 04:06am
Listed by:
Tina Lamonica 850-832-7162,
Think Real Estate
Source: CPAR,MLS#: 768954
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Kitchen, Living Room
Bedroom
- Level: First
- Dimensions: 11 x 12
Bedroom
- Level: First
- Dimensions: 11 x 12
Kitchen
- Level: First
- Dimensions: 5 x 9.5
Living room
- Level: First
- Dimensions: 14 x 14
Interior area
- Total structure area: 935
- Total interior livable area: 935 sqft
Property
Details
- Parcel number: 40000100036
Construction
Type & style
- Home type: Condo
- Architectural style: Low Rise
- Property subtype: Condominium
Condition
- New construction: No
- Year built: 2006
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Nautilus Cove Condo
HOA
- Has HOA: Yes
- Amenities included: Gated
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $213/sqft
- Tax assessed value: $170,000
- Annual tax amount: $2,239
- Date on market: 11/4/2025
- Cumulative days on market: 315 days
Estimated market value
Not available
Estimated sales range
Not available
$1,710/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2025 | Listed for sale | $199,000$213/sqft |
Source:  CPAR #768954 Report a problem | ||
| 10/24/2025 | Pending sale | $199,000$213/sqft |
Source: CPAR #768954 Report a problem | ||
| 7/2/2025 | Price change | $199,000-9.5%$213/sqft |
Source: CPAR #768954 Report a problem | ||
| 5/19/2025 | Listed for sale | $220,000$235/sqft |
Source: CPAR #768954 Report a problem | ||
| 5/15/2025 | Contingent | $220,000$235/sqft |
Source: CPAR #768954 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,239 +92.8% | $170,000 +50.8% |
| 2023 | $1,161 +13% | $112,721 +3% |
| 2022 | $1,027 | $109,438 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,246/mo
Principal & interest
$965
Property taxes
$211
Home insurance
$70
Climate risks
Neighborhood: 32407
Nearby schools
GreatSchools rating
- 8/10Hutchison Beach Elementary SchoolGrades: K-5Distance: 0.9 mi
- 7/10Surfside Middle SchoolGrades: 6-8Distance: 0.4 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Hutchison Beach
- Middle: Surfside
- High: Arnold
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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