Waterfront Community with
For Sale
$6,185,000
240 Harmon Avenue, Panama City, FL 32401
34-unit waterfront community with 22-slip marina in Panama City.
Property SizeContact for details
Lot Size1.06 Acres
Days on Market250
Property Features for 240 Harmon Avenue
General Information
Standard status
Active
Lot size
1.06 Acres
Property subtype
Commercial
Listing Agency:
LUXE COASTAL REALTY
(848) 220-5555
Listed By:
MARCY L O'DONNELL · License #3417794
Source:
Corcoran
Added: Dec 5, 2025
Changed: Aug 10
Last Checked: Aug 12 at 6:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LUXE COASTAL REALTY
Investment Insights
Based on property information with market context.
This 34-unit waterfront community includes a 22-slip marina. The property features an on-site laundry facility that generates income, as well as a low-maintenance marina that produces steady net revenue. In 2020, 22 units were fully renovated down to the studs. The property also features upgraded mechanicals, new roofs, and contemporary interiors. The property has a history of consistently high occupancy. It is located in Downtown Panama City, which is undergoing revitalization featuring upgraded streetscapes, improved walkability, and renewed waterfront development.
Key Highlights
- Waterfront community with a 22‑slip marina
- 22 units fully renovated down to the studs in 2020
- Income‑generating on‑site laundry facility
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,466
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 34-unit waterfront community with 22-slip marina in Panama City.
Where is this apartment building located?
The property is located at 240 Harmon Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $6,185,000.
What are key features of this property?
This property features: Waterfront community with a 22‑slip marina; 22 units **fully renovated down to the studs in 2020**; Income‑generating on‑site laundry facility
