- MLS® #: RX-11076691
- 240 Harmon Av
- Panama City, FL 32401
- $6,700,000
- 29,796 SqFt, 1.05 Acres
- Commercial
Discover an exceptional investment opportunity with this fully renovated, multifamily apartment community situated on a prime waterfront location. Boasting 34 units, this property seamlessly integrates residential living with marina access, featuring a 22-slip marina ideal for water enthusiasts. The community offers a diverse mix of unit configurations, including 12 one-bedroom units, each 650 sq. ft., and 22 two-bedroom units, each 920 sq. ft., designed for comfortable, modern living. Recent renovations in 2020 have transformed 22 of these units down to the ''studs,'' bringing them up to contemporary standards with high-quality finishes. New roofs and mechanicals provide peace of mind, while stainless appliances and composite floors enhance the style and functionality of each livingspace. Every unit features new interior sheet rock, insulation, siding, windows, and doors, all compliant with the 2019 Miami / Dade FL Building Code. Currently 100% occupied, the property is a beacon of stability and profit potential. With $4.4 million in fixed-rate 3.75% assumable, non-recourse financing available, this is a rare chance to secure a prime asset in a sought-after location with immediate cash flow. Don't miss the opportunity to own this unique, garden-style apartment community that combines luxury living with waterfront charm.
View Virtual TourEssential Information
- MLS® #RX-11076691
- Price$6,700,000
- Square Footage29,796
- Acres1.05
- Year Built1966
- TypeCommercial
- Sub-TypeIncome
- StyleMarina, Resident. Multi-Fam.
- StatusActive
Community Information
- Address240 Harmon Av
- Area5940
- SubdivisionDAVIS PLAT
- CityPanama City
- CountyBay
- StateFL
- Zip Code32401
Amenities
- Is WaterfrontYes
- WaterfrontOcean Access
Utilities
3-Phase Electric, Cable, Public Sewer, Public Water
Interior
- AppliancesBuilding and Land, License
- HeatingElectric
- CoolingElectric
- # of Stories2
Exterior
- Lot DescriptionMulti Fam
- RoofOther
Additional Information
- Date ListedMarch 31st, 2025
- Days on Website90
- ZoningPC05
- Office: Luxe Coastal Realty Group Llc
Property Location
240 Harmon Av on www.jupiterabacoahomes.uswww.jupiterabacoahomes.us
Offered at the current list price of $6,700,000, this home for sale at 240 Harmon Av features bedrooms and 0 bathrooms. This real estate listing is located in DAVIS PLAT of Panama City, FL 32401 and is approximately 29,796 square feet. 240 Harmon Av is listed under the MLS ID of RX-11076691 and has been available through www.jupiterabacoahomes.uswww.jupiterabacoahomes.us for the Panama City real estate market for 90 days.
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Listing information last updated on June 29th, 2025 at 9:30am CDT.