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    • Central Bay Realty & Property Management
      732 Ohio Ave
      Lynn Haven, FL 32444
      (850) 257-5016
      centralbayrealstate@gmail.com

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      • Roy F Furst

        Licensed Real Estate Broker

        Central Bay Realty

        Phone: (850) 257-5016

        Email: centralbayrealestate@gmail.com
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        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.

        $6,197,500
        For Sale

        240 Harmon Avenue

        Panama City, FL 32401
        1.05 acres | #782380
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        30 photos
        Type:Multi-Family
        Structure:Unit
        Zone:Commercial

        Description

        This exceptional 34-unit waterfront community, complete with a 22-slip marina, is now offered at a newly adjusted price, creating an even stronger value proposition for investors. In addition to its comprehensive renovations and prime waterfront amenities, the property includes an income-generating on-site laundry facility and a low-maintenance marina that produces steady net revenue, further strengthening the asset's operational performance. With 22 units fully renovated down to the studs in 2020, upgraded mechanicals, new roofs, contemporary interiors, and a history of consistently high occupancy, this community offers both stability and long-term growth potential. Positioned within the heart of Downtown Panama City's ongoing revitalization—featuring upgraded streetscapes, improved walkability, and renewed waterfront development—this asset remains one of the most compelling opportunities in the market. The pricing adjustment simply aligns the offering with current investor activity and enhances the property's already strong return profile.

        • Property Details
            • Subdivision[No Recorded Subdiv]
            • Elementary SchoolCherry Street
            • Property TypeMulti-Family
            • Short SaleListed As Is
            • Property SubtypeMultiFamily
            • Original List Price$6,197,500
            • Cost6197500.0
            • MLS #782380
            • MLS #782380
            • ViewBayou
            • Middle SchoolJinks
            • Acres1.05
            • Year Built1966
            • High SchoolBay
            • CountyBay
            • Days on Market (Cumulative)1

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        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.

        Last Updated: Yesterday at 10:07 PM. Source: CPAR

        Provided By
        Listing Agent: Marcy L O'Donnell (#B6758)
        Listing Office: Luxe Coastal Realty Group LLC (#LUXER)

        Central Bay Realty and Property ManagementReal Estate Group
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