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!

Listing courtesy of Brittany Whittaker of Beachy Beach Real Estate



Listing information is provided by Participants of the Central Panhandle Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Central Panhandle Association of REALTORS MLS.
Last checked: 2026-09-19 12:02 PM UTC