Misc Info FYI:
This is one of dozens of blogs that I have about Nautilus Cove/PCB and all of them are pretty much out of service as I have been gone for several years after living there part time for about 4+ years and eventually selling the condo unit back to the developer at a $65,000 loss. My advice to those thinking of a condo in Florida as a 2nd home or investment is 'forget it'. If you feel like a Florida vacation then stay in a motel.
So with the passage of time I have posted less and less. The sites 'may' now and then have another post but it is pretty much off my radar scope these days. So take a look, you might find something of interest, I see that several folks come back repeatedly and are probably disappointed to find nothing new here. Thanks for looking in -
Bill Harris, Ga.
consumer2014@aol.com
Tuesday, October 30, 2018
10-30-18 UPDATE
(Photo from original construction 2005)
As of Oct 30th these 9 units are on the market at NCC. The link at the bottom will take you to a realty site for additional information.
Unit / Asking Price / Owner's Name
401 $159,000 Lin
504 $135,500 Lewis
601 $145,000 Tucker
603 $145,000 Warren
609 $139,000 Gulf Blvd Partners (GBP)
706 $149,000 Hughes
1116 $131,000 G B P
1302 $149,000 G B P
1402 $149,000 G B P
---------------------
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.
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.
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.
===================================================
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).
-------------------------------------------------------------
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.
-----------------------------------------------------------
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.)
----------------------------------------------------
As of Oct 30th these 9 units are on the market at NCC. The link at the bottom will take you to a realty site for additional information.
Unit / Asking Price / Owner's Name
401 $159,000 Lin
504 $135,500 Lewis
601 $145,000 Tucker
603 $145,000 Warren
609 $139,000 Gulf Blvd Partners (GBP)
706 $149,000 Hughes
1116 $131,000 G B P
1302 $149,000 G B P
1402 $149,000 G B P
---------------------
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.
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.
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.
===================================================
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).
-------------------------------------------------------------
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.
-----------------------------------------------------------
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.)
----------------------------------------------------
Thursday, December 22, 2016
Updated sale listings for NCC
Nautilus Cove
CONDOS FOR SALE AT NAUTILUS COVE
Here is a good tip for those very few people who want to buy a condo here: DO NOT buy a unit being offered by the Developer who is 'Gulf Blvd. Partners, LLC'!
They are greatly over priced $20-25K over private sales. Yes, they will knock down the price but then any seller will do that.
3 of the 5 units above are offered by the Developer, the tip off on price is that they all end with the price being $XXX,987.
Keep in mind that all the Developer units are hard used as they all have been rented out many times since 2008 when they came on line.
Always buy from private owners and use the Bay County internet sites to look up the owners and historical sale prices.
===================================
For Your Information:
You can see current and past Owners List's, Delinquency List's and old condo newsletters at: http://nccownerslist.blogspot.com/ and you can click on this direct link to see the meeting minutes for the last 6 years: http://tinyurl.com/66zdaor, for 185 NCC photos see: http://nautiluscondo.blogspot.com/
also look at:
Declaration of Condo: http://nautiluscovedeclarationofcondo.blogspot.com/
By-Laws of NCC - http://tinyurl.com/37vbqkz
NCC Articles of Incorporation - http://tinyurl.com/34wp8pj
Rules and Regulations - http://tinyurl.com/39lbjwl
New 10/4/10 Condo Management Agreement - http://tinyurl.com/39sy3cy
Old Condominium Management Agreement - http://tinyurl.com/3x8963n
Budgets of 2012, 2012 Balance Sheet of 10/2010 - http://tinyurl.com/2d4oh4j
6 NCC Newsletters: http://nautiluscondosrules.blogspot.com/2011/09/blog-post.html
Saturday, July 2, 2016
So is this Blog 'OPEN' or is it 'CLOSED'?
Well, it is pretty much closed but I do now and then add bits and pieces to it.
This blog goes back to 2007 when I purchased here, but I sold my condo in January 2013 and of course my interest level has dropped considerably.
Still there is quite a lot of information here that is of value to Owners, Renters or those considering a purchase, so the blog will remain so all can access the info, it just won't be added to very often.
Bill Harris
consumer2010@aol.com
This blog goes back to 2007 when I purchased here, but I sold my condo in January 2013 and of course my interest level has dropped considerably.
Still there is quite a lot of information here that is of value to Owners, Renters or those considering a purchase, so the blog will remain so all can access the info, it just won't be added to very often.
Bill Harris
consumer2010@aol.com
Tuesday, November 22, 2016
A word from the blog site owner:
In blogosphere terms this is a relatively old blog. All the fireworks are over and there will be no new updates unless something 'newsworthy' about this issue comes up. Note: In mid-Jan 2013 I sold my condo at NCC for $93,000, this was about 8% over the going rate for 3/2 condos. The offer from the developer to repurchase the unit was made 2 weeks after my filing to run for the Board of Directors with the sole platform of bouncing Concord Management out of NCC.
The condo was consistantly mis-managed and all but the very last Board were worthless rubber stamps for the Developer and Concord. I am pleased to be gone from NCC.
So happy reading folks, and use the direct link to go to the main Nautilus Cove Site -
http://nautiluscondosrules.blogspot.com/
In blogosphere terms this is a relatively old blog. All the fireworks are over and there will be no new updates unless something 'newsworthy' about this issue comes up. Note: In mid-Jan 2013 I sold my condo at NCC for $93,000, this was about 8% over the going rate for 3/2 condos. The offer from the developer to repurchase the unit was made 2 weeks after my filing to run for the Board of Directors with the sole platform of bouncing Concord Management out of NCC.
The condo was consistantly mis-managed and all but the very last Board were worthless rubber stamps for the Developer and Concord. I am pleased to be gone from NCC.
So happy reading folks, and use the direct link to go to the main Nautilus Cove Site -
http://nautiluscondosrules.blogspot.com/
Friday, February 27, 2015
What are the developers units going for these days?
NAUTILUS COVE OFFICE HOURS:
1:00 pm - 4:00 pm: Tue
1:00 pm - 4:00 pm: Thu
Mon, Wed, Fri - Sun: Closed
NAUTILUS COVE OFFICE HOURS:
1:00 pm - 4:00 pm: Tue
1:00 pm - 4:00 pm: Thu
Mon, Wed, Fri - Sun: Closed
| NAME | STARTING AT * | DEPOSIT * | BED/BATH | SQ. FEET ** | LAYOUT | |||||
| 2 Bedroom, 2 Bath | $870 - $895 | $415 | 2 beds / 2 baths | 1020 Sq. Ft. |  | Apply Now | ||||
| 3 Bedroom, 2 Bath | $1020 - $1150 | $425 | 3 beds / 2 baths | 1211 Sq. Ft. | | Apply Now | ||||
| 4 Bedroom, 3 Bath | $1095 - $1285 | $435 | 4 beds / 3 baths | 1485 Sq. Ft. | | Apply Now | ||||
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