$6,185,000
Panama City, FL 32401
MLS# 990824
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Property Description
UNDER CONTRACT. SELLER WILL CONSIDER BACK UP OFFERS. 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.
Details
Maps
None
Current Price: $6,185,000
Status Change Info
Status: Active
Contract Info
GCCMLS Number: 43959482
List Date: 2025-12-05
List Price: $6,185,000
Listing Board: Emerald Coast
Location Tax and Legal
Area: 27 - Bay County
Street #: 240
Street Name: Harmon
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Parcel ID: 20213-000-000
General Property Info
Listed on GCCMLS: Yes
Acreage: 1.06
Multi-Family
# of Units: 34
Waterfront
Waterfront Feet: survey to confirm
Property Features
Class: Multi-Family
Waterfront: Bayou
Supplements
Positioned within the heart of Downtown Panama City's ongoing revitalizationfeaturing upgraded streetscapes, improved walkability, and renewed waterfront developmentthis 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.
Listing Office: Luxe Coastal Realty
Last Updated: July - 15 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.