$260,000
Looking for your slice of paradise with proven rental history?
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!
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Beds
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1
Baths
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795611
MLS
6205 Thomas Drive Unit F12, Panama City
