Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    240 Harmon Ave Panama City, FL 32401

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,700,000

    Renovated 34-unit apartment community with 22-slip marina.

    Lot size:
    1.05 Acres

    Property Features for 240 Harmon Ave

    General Information

    Lot size
    1.05 Acres

    Building Details

    Year built
    1966

    Source: Luxe Coastal Realty Group LLC Agent Marcy O'Donnell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Multifamily Apartment Community

    This multifamily apartment community presents an investment opportunity in a waterfront location. The property features 34 units and a 22-slip marina. The unit mix includes 12 one-bedroom units, each measuring 650 sq. ft., and 22 two-bedroom units, each measuring 920 sq. ft. Renovations completed in 2020 updated 22 units to contemporary standards, including stainless appliances and composite floors. New roofs and mechanicals have been installed.
    Location Intelligence

    Current Use by Public Records

    Magnolia Cove Marina Marina Magnolia Cove Apartments ... Apartment Complex

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.6568558
    Latitude
    30.1501128

    Nearby Similar for Sale

    • $1,150,000
      Pending

      Unique Bayfront Property with Income

      Bayfront property featuring a main house and six rental units.
      6035 Bus, Panama City, FL 32404
      View Details
    • $528,000
      0.40 Acres

      Dual-Home Family Retreat Opportunity

      Dual-home property near Beach Drive, ideal for living and investment.
      1016 W 12Th St, Panama City, FL 32401
      View Details
    • $1,850,000
      0.25 Acres

      Waterfront Multi-Family Investment Opportunity

      Waterfront property with new construction and income potential in Panama City.
      401 Massalina Dr, Panama City, FL 32401
      View Details
    • $699,900
      2,204 SF

      Renovated Multi-Unit Rental Property

      Turnkey, fully furnished rental property with proven rental history.
      3820 Treasure Cir, Panama City, FL 32408
      View Details
    • $694,000
      2,269 SF

      Upgraded Duplex with Rental Potential

      Duplex with multiple possibilities: live, rent, or short-term rent.
      3707 Mystic St, Panama City, FL 32408
      View Details
    • $694,000
      0.13 Acres

      Adorable Duplex with Multiple Possibilities

      Upgraded duplex with short-term rental potential near lagoon access.
      3707 Mystic St, Panama City, FL 32408
      View Details

    FAQs

    What type of property is this?
    Apartment building - Renovated 34-unit apartment community with 22-slip marina.
    Where is this apartment building located?
    The property is located at 240 Harmon Ave Panama City, FL.
    What is the asking price?
    The asking price for this property is $6,700,000.
    What are key features of this property?
    This property features: - Prime waterfront location with marina access.; - 22-slip marina included.; - Fully renovated with 22 units renovated down to the studs in 2020.
    (848) 220-5555
    Request Owner's contact information
    240 Harmon Ave Panama City, FL 32401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    240 Harmon Ave
    Panama City, FL 32401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240 Harmon Ave Panama City, FL 32401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.