406 Cape Cod Dr, Panama City Beach, FL 32407
4 beds · 3 baths · 1,430 sqft
Welcome to 406 Cape Cod Drive, your perfect Panama City Beach Retreat! Nestled in the heart of the desirable Nautilus Cove community, this stunning 4-bedroom, 3-bathroom condo offers the perfect blend of comfort, style, and convenience. Located just minutes from Pier Park, it's an ideal haven for homeowners or savvy investors seeking a long-term rental property.As you approach, you'll be greeted by a charming covered front porch and an elegant Hardie Board and stone exterior, perfectly complementing the lush greenery that surrounds the home. Situated steps from the community playground, this condo offers tranquility and accessibility in equal measure.Enjoy privacy in the primary suite, complete with an ensuite bath and a double walk-in closet, thoughtfully separated from the additional three bedrooms and two full bathrooms. The modern kitchen features granite countertops, tile flooring, and stainless-steel appliances. The open layout seamlessly connects the kitchen to the expansive living and dining areas with vaulted ceilings. Recent updates include a brand-new HVAC system and newer 30-year dimensional roof. Nautilus Cove offers resort-style amenities, including a sparkling in-ground pool, a fitness center, and a gated entrance for added security. The Homeowner's Association takes care of water and garbage expenses, adding to the convenience. Situated just minutes from the vibrant Pier Park, you'll have access to premier shopping, dining, and entertainment options. Whether you're exploring local attractions or relaxing at home, this property's location can't be beaten. With the flexibility to rent long-term, this property is perfect for investors looking to expand their portfolio or first-time homebuyers seeking a smart and stylish investment. Schedule your private showing today and experience everything 406 Cape Cod Drive has to offer!
Source: EMERALDCOAST #973471
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: EMERALDCOAST #973471
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 620, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.