• Sign Up
  • Log In

Central Bay Realty

(850) 257-5016
centralbayrealestate@gmail.com
  • Search
    • Local Properties
    • Featured Properties
    • Home Valuation
  • Guide
  • Selling
  • Buying
Central Bay Realty and Property Management
 
  • Leasing
  • About
    • About Us
    • Recently Sold
    • Real Estate Experts
    • Join Our Team
    • Articles
    • Testimonials
  • Contact
  • Agents Only
  • Central Bay Realty(850) 257-5016
    centralbayrealestate@gmail.com
    Copy Email
  • Central Bay Realty & Property Management
    732 Ohio Ave
    Lynn Haven, FL 32444
    (850) 257-5016
    centralbayrealstate@gmail.com

Selling & Buying

  • Selling
  • Buying

About

  • About Us
  • Real Estate Experts
  • Join Our Team
  • Testimonials

Contact

    Central Bay Realty and Property Management - Footer Logo
    • Roy F Furst

      Licensed Real Estate Broker

      Central Bay Realty

      Phone: (850) 257-5016

      Email: centralbayrealestate@gmail.com
      • Privacy
      • Terms
      • DMCA
      • Accessibility
      • Fair Housing
      © 2026 Central Bay Realty & Property Management. All rights reserved.
      Website built by CloseHack.
      Central Panhandle Association of Realtors

      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
      • Save
      • Contact
      • Share
      • Price Change Alerts
      240 Harmon Avenue
      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)5

      Location

      Legal

      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: Today at 8:59 AM. 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
      Facebook
      Google
      OR

      Interested in Purchasing 240 Harmon Avenue?

      Get an estimate on monthly payments on this property.

      Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

      Estimated Monthly Payment
      $0.00
      Loan Amount
      $0.00
      $
      years

      Down Payment

      $
      %
      10.0%

      Interest Rate

      %
      6.0%

      Tax Rate

      %
      2.6%
      $
      $
      annually
      $
      monthly