12/10/19
Just now and then I check back on this site as I owned 708 from 5/4/07 until 1/11/13. I paid $165,900 for it and was pleased to sell it and depart getting $93,000 when I sold it back to one of the developers of the complex.
I note that it sold again 5/13/19 for $143,000 to Gay and Lawrence Clark. Frankly I think they got totally screwed on that deal, but hope they like it.
If you want to look up who owns what at NCC (or anywhere else) go to the Bay County Property Appraisers site. https://www.baypa.net click on the 'search records' link at the top of the page and when you get to the actual search page, on the drop down menu find 'Search by Parcel Number' and enter the low parcel number of: 40000-100-000 and then move over a bit to the enter high parcel number of: 40000-100-170.
The whole list of the condo ownership is then available to you.
Here are 6 units listed for sale, and the owners names, these are being advertised as of 12/10/19
1501 Robin J. White
1404 Gail K. Hoffpauir
1112 Nautilus Development Partners
1107 Nautilus Development Partners
1105 Nautilus Development Partners
501 Jean M. Warren
9/19/19
Just to update info -
here is who is on the BOD now, Note: Norman Knight is Director/Secretary/Treasurer and represents the developer* and always has, all the way back to 2007 when I purchased there.
The Direct Link for this info is via: https://tinyurl.com/yyuq2xmk
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*Who is the Nautilus Cove Developer?
On 2/13/2004 Gulf Boulevard Partners, Ltd was created and on 12/14/2005 the then Gulf Boulevard Partners, Ltd amended their Certificate of Limited Partnership and had a name change to Nautilus Development Partners, LLLP, and on 12/31/2009 the name was changed again with an Amended and Restated Certificate of Limited Partnership to SAS Nautilus Cove Managers, LLC.
4/5/19
What sold in the last 8 months?
Info can be looked up at the Bay County Property Appraiser's site using the Search Records bar towards the top of the page. https://www.baypa.net/ It can take 60 days for records to update.
This list may not be complete, check the County records for additional sales. If you use the 'range' to bring up the list the low number is 4000-100-000 to high 4000-100-170, this 'Parcel Number Range Search' gives you all the units information.
Only 8 units (all developer owned) were sold during 2019 and if you go back to August 2018 there are 11 sold, all units sold by 'CENTURY 21 Blue Marlin Pelican' which is closely tied to the property developer Nautilus Development Partners LLC. I didn't notice any individual owner sales during this 8 month period but I could have missed one.
Misc: If you are looking for a developer unit you might want to avoid 1502 as it was used as a meth lab in 2008 and I understand that you can't ever totally rehab it. Details: https://nautiluscondosrules.blogspot.com/search?q=meth+lab
1201 Lighthouse Road
Panama City Beach, FL 32407
Sold for: $150,000 Sold 4/3/2019
No Info on site now.
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1208 Lighthouse Road
Panama City Beach, FL
Sold for: $149,500 Sold 4/2/2019
No info on site now.
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1308 Lighthouse Road
Panama City Beach, FL 32407
Sold for: $150,000 Sold 3/28/2019
No info on site.
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1003 Lighthouse Road
Panama City Beach, FL 32407
Sold for: $138,000 Sold 3/18/2019
From Nautilus Development Partners LLC to Ann De Lattibeaudiere a 3/2 unit
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1503 Lighthouse Road
Panama City, FL 32407
Sold for: $150,000 Sold 3/1/2019
From Nautilus Development Partners LLC to Love Happiness and Beyond, a 4/3 unit
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1101 Lighthouse Road
Panama City Beach, FL 32407
Sold for: $125,000 Sold 2/28/2019
From Nautilus Development Partners LLC to Castle Rose Properties, a 2/2 unit
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1207 Lighthouse Road
Panama City Beach, FL
Sold for: $150,000 Sold 2/18/2019
From Nautilus Development Partners LLC to Sean Mc Kenzie, a 4/3 unit
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1205 Lighthouse Road
Panama City Beach, FL
Sold for: $149,500 Sold 1/24/2019
From Nautilus Development Partners LLC to MLB Investment Holdings, a 4/3 unit
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1402 Lighthouse Road
Panama City Beach, FL
Sold for: $149,000 Sold 12/19/2018
From Nautilus Development Partners LLC to Karen Smith, a 4/3 unit
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1206 Lighthouse Road
Panama City Beach, FL
Sold for: $149,000 Sold 12/14/2018
From Nautilus Development Partners LLC to Equity Trust Company, a 4/3 unit
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1307 Lighthouse Road
Panama City Beach, FL
Sold for: $148,000 Sold 8/31/2018
From Nautilus Development Partners LLC to Damien Peixoto, a 4/3 unit
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3/31/19
APARTMENT RATINGS DOT COM
Has the below ratings for Nautilus Cove and the overall rating is 2 1/2 stars out of 5. These are just a bit out of date so if you have current input you should register and post your ratings.
The site is at: https://www.apartmentratings.com/fl/panama-city/nautilus-cove-condominium_850235100932407/#
Here are the 6 categories and ratings:
Noise 2 1/2,
Safety 3,
Grounds 3,
Maintenance 2 1/2,
Neighborhood 3,
Office Staff 2
2/19/19
Gulf Boulevard Partners is the developer of Nautilus Cove. They got stuck with 56 units when the realty bubble burst, sold a couple and rent out those still unsold. You should buy from an actual owner rather than GBP as those units have been rented out many times whereas those being sold by individual owners have generally been better treated.
Note: Only 9 units are being lived in by actual owners. NCC is a low income rental complex although it has 'Condominium' in its title.
Units for sale are listed at:
https://www.panamacityhomesonline.com/panama-city-beach-real-estate/nautilus-cove-condo/
4/13/18
GULF BOULEVARD PARTNERS
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 .
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.
https://www.panamacityhomesonline.com/panama-city-beach-real-estate/nautilus-cove-condo/
https://homesforsale.century21.com/property/1302-LIGHTHOUSE-RD-PANAMA-CITY-BEACH-FL-32407/87665593/detail
MISC INFO FYI:
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.
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The below 6 units are current as of Feb 13, 2019, obviously such listings change frequently:
Century 21 Blue Marlin Pelican
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 (http://baypa.net) 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: https://www.nautiluscovecoa.com/
* List of the 9 units that have 'Homestead Exemptions' as of 3/19/18
514 1401
613 1607
616 1604
801 714
806
Also I noted that 15 units (9%) are owned and rented out by Asians (mostly Chinese).
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10/19/17
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.
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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
http://alturl.com/8r69f
NCC Declaration of Condominium, 185 pages
http://alturl.com/nhk2f
Nautilus Cove Contact Information
Who Contact info
Emergency 911
Management (850) 441-8187
nautiluscovepcb@gmail.com
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.)
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