Units For Sale/Rent at NCC

Nautilus Cove Rents as of Dec 2011 vs today's rates: -
2 Bedroom Floor Plan Starting From $799 now $999 (increased $200)
3 Bedroom Floor Plan Starting From $849 now $1099 (+$250)
4 Bedroom Apartment Home Starting From $899 now $1199 (+$300)

While there is really no market for the developers condos they continue to be listed for sale. The prices of the 56 unsold units do not compete with what can be found with short sales and foreclosed units that banks want to unload at 40-50% of their original sale prices.

The developer has tried to do a bulk sale but that did not go through due to the buyer not being interested at the high price wanted. Those unsold units remain available for a bulk sale and it is only a matter of time before they will sell.

13700 Panama City Beach Pkwy  #1201 1430 sq ft. 4 bed, 3 bath $120,321 March 6, 2013 was at:  $119,456 as of 6/5/13 $139,456

13700 Panama City Beach Pkwy  #1116 937 sq ft. 2 bed, 2 bath was at:  $101,475 as of 6/5/13  $119,675

13700 Panama City Beach Pkwy 214 #214 1195 sq ft. 3 bed, 2 bath $111,453  March 6, 2013 was at:  $110,654 as of 6/5/13 $129,654

Details at the Pelican Realty site: http://mypelicanrealestate.idxco.com/idx/9497/details.php?idxID=193&listingID=411766&cmp=rss

 

Other Prices at Nautilus Cove - 
  Updated 7/1/2013

units come on the list and go off as listings expire or owners simply give up trying to sell.  If you see something listed here and you can't verify via the MLS # that it is still active it might be under contract or just expired. 

You can look up MLS #'s at:  http://tinyurl.com/7ajxz5l
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403 Cape Cod Dr (Prior Owners: Diniz/HSBC)
Bedrooms:  4, Bathrooms:  3
MLS #609783  Price $99,900 (listed as of 6/5/13)
Original Sale Price $183,500 on 12/13/06

702 Lighthouse Road (Prior Owner:  Norman Ussery)
Bedrooms:  3, Bathrooms:  2
MLS #610570  Price $94,500 (listed as of 7/1/13)
Original Sale Price $169,000 in 2007