Friday, April 13, 2018


Realizing that their inflated and unjustified prices for their 60+ unsold condos was not going to sell any of the remaining units, Gulf Blvd Partners started reducing their asking prices in late January.

The 2 listed below are a sample of what the ‘new’ prices are:

1302 Lighthouse Way Panama City Beach, FL 32407  $145,000
609 Cape Cod Dr, Panama City Beach, FL 32407  $135,000

Feb price for 1302 was $159,987
4 bed, 3 bath 1,400 sq ft
Built 2007 - On site 418days 
HOA Dues: $870 quarterly

609 Cape Cod Dr.
02/16/2018 Price Changed  $135,000
01/26/2018 Listed            $149,987

As I say repeatedly on this site: These ‘developer’ units are hard used as rentals, they remain overpriced when compared to individually owned units and potential buyers should NOT buy from the developer when similar units can be had directly from owners.


A bulk sale of developer units took place Feb 2, 2018 where 6, 3 bedroom 2 bath, units in 3 buildings were told to Dawn M Peck and Donald K Rozhon.

The total price for the 6 units was $780,000 or $130,000 per unit.  

Those units sold are:
214, 611, 614, 1002, 1006, 1008.


Monday, March 19, 2018

Every now and then I 'google' the place to see if there is anything of note going on.  This time around I see that NCC has put up an internet site.  Long needed but they should to do a better job of it.

Communication with owners and even renters was always a problem (in that there wasn't any) and at last there is 'some' but it lacks details of what is going on.  

Condo Assn meetings are for OWNERS, unfortunately hardly any ever showed up even at the Annual General Meetings, today I checked Bay County records ( which show that owner occupancy is about 5.3%* and even getting that 5% to walk across the courtyard to attend was a problem.

The 'Meeting' notes give almost no information, you might wonder why they bother doing them.

NCC is really a downmarket rental property today, original owners have mostly sold out and moved on, those who remain have turned their units into rentals, as noted just 9 of 168 units are owner occupied.

Here is just a bit of recent info FYI.  You can go to their site and take a better look for information.  Go to:

* List of the 9 units that have 'Homestead Exemptions' as of 3/19/18
514    1401
613    1607
616    1604
801    714

Also I noted that 15 units (9%) are owned and rented out by Asians (mostly Chinese).


If you read the blog you will know that I left years ago and was very pleased to sell back to the management company for a $65,000 loss.  I have had little contact with NCC recently but the 2 comments below seem to be pretty accurate and it seems not much has changed since I left.

  • Robin Greene-Mabina  1 star
    Although the grounds were well manicured... the condo we vacationed in # 403 was not clean... old food & soda cans left in bedrooms... and there were little bugs flying around.. the carpet was very dirty & was flooded w water leaking from some unknown place in the hall we had to walk over that our entire stay... one of the toilets was running for 2 days and could not be used... they charged us a cleaning but there was dust & dirt on the fan lights & bathtub was not clean had to wear flip flops while taking a shower... the tv's were old & outdated & was very limited in channels ... we were disappointed that the owner we rented from didn't come to view the situations and only compensation given was 1/2 off the $120.00 cleaning fee...
    LikeCommentabout 6 months ago

  • Kristine Movizzo  1 starDo not ever, ever move into this place! Loud, dirty, nasty people live there!! I spent a year in hell dealing with loud kids, motorcycles, filthy grounds, filthy pool and just pure misery. If I can save anyone from what I went through I will be happy I posted this.


IF you want to buy -
info on the 57 units still available from the developer, but remember they are very overpriced and well used - buy from an actual owner

NCC By-Laws, 37 pages

NCC Declaration of Condominium, 185 pages

Nautilus Cove Contact Information
Who                     Contact info
Emergency             911
Management         (850) 441-8187

Non-Emergency Police  (850) 233-5000

NCC President:     Joe Vanderwerff, #514
NCC Vice Pres:     Lisa Gagnon, #1506
SEC/Treas:  Norman D. Knight (Developer, Maitland, Fla.)



All developer units are available, now and then some from individual owners come up.

Sometimes I check in to see what Pelican Real Estate is offering from among the units still owned by the developer.  It doesn't change.  Here is what they offer on their site:

33 4/3 units at $159,987
11 3/2 units at $149,987
13 2/2 units at $139,987
Total available from developer:  57

These prices have held steady for many years and of course they are overpriced and do not sell.

If you are looking at any realty site and pull up units available at Nautilus Cove you can immediately tell a developer unit as they all end with the number 987 in the price listing.

As mentioned below (several times!) you want to AVOID these units as they are all hard used as low income rentals.  If you find one of the individually owned units the price will be a lot lower, the units better cared for with fewer renters having used them and occupancy should be pretty close to immediate.

Those 57 units advertised by the developer are almost all occupied and any sale would require getting the current renter out.

Be careful in buying at NCC.  I had a condo there for about 5 years and I am very pleased to be GONE from there even though I lost $65,000 in selling (#708) back to the developer.