$6,197,500
Panama City, FL 32401
MLS# RX-11076691
34 baths | 29796 sqft
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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 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 Information
Status: Active
Original List Price: 6700000
Auction: No
List Price: $6,197,500
Current Price: $6,197,500
List Price/Bldg SqFt: 208
Listing Date: 2025-03-31
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Property Desc: Multi Fam
Subdivision: DAVIS PLAT
Year Built: 1966
SqFt - Living: 29796
SqFt Source: Owner
# of Stories: 2
Total Units: 34
Baths - Total: 34
Acres: 1.05
% Air Conditioned: 100
Waterfront: Yes
Location Tax Legal
Area: 5940
County: Bay
Parcel ID: 20213000000
Street #: 240
Street Name: Harmon
Street Suffix: Avenue
Zip Code: 32401
Legal Desc: 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
Geo Lat: 30.150442
Geo Lon: -85.656789
Property Features
Use: Income
Type of Building: Marina; Resident. Multi-Fam.
Sale Includes: Building and Land; License
Avail Docs: None
Avail Info: Full Financials
Flooring: Other
Cooling: Electric
Heating: Electric
Fire Protect: Sprinkler
Tenant Pays: Electric
Utilities: Cable; Electric; Public Sewer; Public Water
Waterfront Details: Ocean Access
Roof: Other
Terms Considered: Assumable-Qualify; Cash; Conventional
Lease: Long Term
Possession: At Closing; Funding
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 Group LLC
Last Updated: December - 05 - 2025
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