$6,197,500
Panama City, FL 32401
MLS# 990824
1 / 30
Property 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.
Details
Contract Info
GCCMLS Number: 43959482
Listing Board: Emerald Coast
List Date: 2025-12-05
List Price: $6,197,500
Location, Tax and Legal
Sub Area: 2703 - Bay - Central SW
Legal Description: DAVIS PLAT LOTS 1,2,3 & PACL LYING BETWEEN LOT 1 & MASSELINA BAYOU. BLK 5 ORB 4148 P 69 AND PART OF VACATED BLUFF ST R/W . ORD# 2688 ORB 4163 P 171
General Property Info
Listed on GCCMLS: Yes
Acreage: 1.06
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: 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.
Class
Multi-Family: 1
Waterfront
Bayou: 1
Waterfront Feet: survey to confirm
Multi-Family
# of Units: 34
None
Current Price: $6,197,500
Status Change Info
Status: Active
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
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: December - 08 - 2025
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.
