The below is a current MLS listing and as you can see it has been 1 year on the market.
This unit is one of the many unsold units of the developer. You can always tell a developer unit from the price as they end in odd numbers like the 987 below.
MLS# 640693 $159,987 Listed: 2016-02-12 T12:45:06. | On Market: 365 days Area: Bay County Beach Subdivision: Nautilus Cove Condo Details: Year Built: 2007 Acreage: 0 Beds: 4 Baths: 3 Half Baths: 0 SqFt: 1,400 Waterfront: No Waterview: No
Overview: Nautilus Cove is a gated condominium community in the heart of beautiful Panama City Beach. This 4 bedroom 3 full bath unit comes standard with granite countertops, upgraded light wood cabinets and stainless appliances. 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. 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. Come see for yourself all that Nautilus Cove has to offer. All measurements and information to be verified by buyer. There are currently 33 (4 bedroom) units available for sale.
The 6 Above Condos are for Sale in Nautilus Cove, Panama City Beach as of 2/11/17
12/22/16CONDOS FOR SALE AT NAUTILUS COVE
Here is a good tip for those very few people who want to buy a condo here: DO NOT buy a unit being offered by the Developer who is 'Gulf Blvd. Partners, LLC'!
They are greatly over priced $20-25K over private sales. Yes, they will knock down the price but then any seller will do that.
3 of the 5 units below are offered by the Developer, the tip off on price is that they all end with the price being $XXX,987.
Keep in mind that all the Developer units are hard used as they all have been rented out many times since 2008 when they came on line.
Always buy from private owners (like #507 James Reed or #512 Calvin Stitt) and use the Bay County internet sites to look up the owners and historical sale prices.
For Your Information:
You can see current and past Owners List's, Delinquency List's and old condo newsletters at: http://nccownerslist.blogspot.com/ and you can click on this direct link to see the meeting minutes for the last 6 years: http://tinyurl.com/66zdaor, for 185 NCC photos see: http://nautiluscondo.blogspot.com/
also look at:
Declaration of Condo: http://nautiluscovedeclarationofcondo.blogspot.com/
By-Laws of NCC - http://tinyurl.com/37vbqkz
NCC Articles of Incorporation - http://tinyurl.com/34wp8pj
Rules and Regulations - http://tinyurl.com/39lbjwl
New 10/4/10 Condo Management Agreement - http://tinyurl.com/39sy3cy
Old Condominium Management Agreement - http://tinyurl.com/3x8963n
Budgets of 2012, 2012 Balance Sheet of 10/2010 - http://tinyurl.com/2d4oh4j
6 NCC Newsletters: http://nautiluscondosrules.blogspot.com/2011/09/blog-post.html