Magnolia Cove Apartments and Marina

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240 Harmon Ave, Panama City, FL 32401
(850) 771-4740
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Magnolia Cove Apartments and Marina

240 Harmon Ave
Panama City, FL 32401
(850) 771-4740
Magnolia Cove Apartments and Marina in Panama City, FL - Building Photo
  • 1–2 Bedrooms
  • $1,050-$1,800Pricing
  • 650–950Square Feet

About Magnolia Cove Apartments and Marina

This is waterfront living! Magnolia Cove is a beautiful, fully-restored waterfront apartment community with spectacular views of Massalina Bayou in the Cove. Featuring bright and airy 1 and 2 bedroom apartments. The property is enveloped in massive live oaks and mature palms, and situated on a prominent bluff overlooking the Massalina shoreline. Each unit is closely situated to a huge community swimming pool and marina with available, easily-accessible boat slips - So bring along your vessel! We are a pet friendly community as well, so your furry friends are welcomed here. Water, garbage removal, and pest control are all included in your rent! No washer/dryer hookups but laundry facility is on site. We require a clean background, no evictions, and a credit score no less than 600. Income should be 2.5 times the monthly rent. Upon signing your 12-month lease, we will require application fees, first and last month's rent, and a security deposit. We are an Equal Opportunity Housing. We look forward to hearing from you!

Magnolia Cove Apartments and Marina is located in the 32401 Zip code of Panama City, FL. This community is professionally managed by Summit Property Management

Property Contact Info

Floorplan Pricing and Availability

Magnolia Cove Apartments and Marina offers 1 to 2 Bedroom apartments starting from $1,050 and having 650–950 sq ft. Here is the current pricing and availability:

  • 1 Bedroom

    1 Bed

    From $1,050

    1 Bed, 1 Bath, 650 sq ft
    Available Now

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,050Available Now110650

    Unit 110 Amenities and Features

    Features

    • Air Conditioning
    • Ceiling Fans
    • Heating

    Kitchen

    • Dishwasher
    • Kitchen
    • Oven
    • Range
    • Refrigerator

    Living Space

    • Dining Room
    • Window Coverings

    Outdoor Space

    • Dock
    • Lawn

    Unit 110 Rent and Fees

    Unit Price

    • $1,050

    Deposit

    • $1,050 deposit

    Model Rent and Fees

    Model Price Range

    • $1,050 - $1,100

    1 Bed New

    From $1,095

    1 Bed, 1 Bath, 650 sq ft
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtPhotos
    $1,095Available Now107650

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access
    • Smoke Free
    • Tub/Shower

    Kitchen

    • Dishwasher
    • Freezer
    • Granite Countertops
    • Island Kitchen
    • Kitchen
    • Microwave
    • Oven
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Unit 107 Rent and Fees

    Unit Price

    • $1,095

    Model Rent and Fees

    Model Price Range

    • $1,095 - $1,225
  • 2 Bedrooms

    2 Bed

    From $1,295

    2 Beds, 1.5 Baths, 950 sq ft
    Available Jan 16

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,425 January 16, 2026101950
    $1,295 January 16, 2026113950

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access
    • Smoke Free
    • Tub/Shower

    Kitchen

    • Dishwasher
    • Freezer
    • Granite Countertops
    • Island Kitchen
    • Kitchen
    • Microwave
    • Oven
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Model Rent and Fees

    Model Price Range

    • $1,295 - $1,425

    Unit 101 Rent and Fees

    Unit Price

    • $1,425

    Model Rent and Fees

    Model Price Range

    • $1,295 - $1,425

    Unit 113 Rent and Fees

    Unit Price

    • $1,295

    Model Rent and Fees

    Model Price Range

    • $1,295 - $1,425

    2 Furnished

    2 Beds, 1.5 Baths, 950 sq ft
     

    Availability Details

    PriceAvailability DateUnitSq Ft
    From $1,295Call for Availability2 Furnished950 sq ft

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access
    • Smoke Free
    • Tub/Shower

    Kitchen

    • Dishwasher
    • Freezer
    • Granite Countertops
    • Island Kitchen
    • Kitchen
    • Microwave
    • Oven
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Model Rent and Fees

    Model Price Range

    • $1,295 - $1,800
    Show Unavailable Floorplans
Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (850) 771-4740 to schedule a tour.

Property Information

  • 34 Units
  • 2 Stories
  • Built in 1966
  • Furnished Units Available

Income Restrictions At Magnolia Cove Apartments and Marina

Income restrictions apply to some or all residents. Contact the community for more information.

# PersonsAnnual Income
1$2,625
2$2,625
income restriction

To qualify, you must be equal to or below those in the chart, based on the number of persons living in the dwelling.

Lease Terms

  • 12 mo

Fees and Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities. Use the calculator to add these fees to the base rent.

Required Fees

One-Time Move-In Fees

Due at Move-In
Application Fee Per ApplicantiCharged per unit$50
Security Deposit - RefundableiObligo is an option if approved. Charged per unit$1025-$1700
Due at Application
Background CheckiCharged per applicant$35

Other Fees

Pet Fees

Bird

Pet DepositiCharged per Pet$250

Fish

Pet DepositiCharged per Pet$250

Reptile

Pet DepositiCharged per Pet$250

Dog

Pet DepositiCharged per Pet$250

Cat

Pet DepositiCharged per Pet$250

Dogs

  • 30 Lb Weight Limit

Cats

  • 30 Lb Weight Limit

Parking Info and Fees

Surface LotiAdditional parking on the right-of-way.
  • 1 Max, Assigned Parking
Street

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Features and Amenities

Unique Amenities

  • Not All Units Have Granite Counter Tops.

On-Site Services

  • Trash Pickup Curbside
  • Renters Insurance Program
  • 24 Hour Access
  • Laundry Facilities

Outdoor Features

  • Dock
  • Waterfront
  • Courtyard
  • Lawn

Recreation and Fitness

  • Pool

Interior Features

  • Balcony
  • Tub/Shower
  • Heating
  • Ceiling Fans
  • High Speed Internet Access
  • Cable Ready
  • Air Conditioning
  • Smoke Free

Kitchen Amenities

  • Freezer
  • Stainless Steel Appliances
  • Kitchen
  • Dishwasher
  • Microwave
  • Oven
  • Island Kitchen
  • Range
  • Refrigerator
  • Granite Countertops

Living Area Features

  • High Ceilings
  • Views
  • Large Bedrooms
  • Window Coverings
  • Vinyl Flooring
  • Double Pane Windows
  • Dining Room
Google Map

Map

240 Harmon Ave, Panama City, FL 32401

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
Monday8:00 am–5:00 pm
Tuesday8:00 am–5:00 pm
Wednesday8:00 am–5:00 pm
Thursday8:00 am–5:00 pm
Friday8:00 am–5:00 pm
SaturdayBy Appointment
SundayBy Appointment

Frequently Asked Questions about Magnolia Cove Apartments and Marina

Where is Magnolia Cove Apartments and Marina located?

Magnolia Cove Apartments and Marina is located at 240 Harmon Ave, Panama City, FL

What is the current rent range at Magnolia Cove Apartments and Marina?

1 Bedroom to 2 Bedroom Apartments at Magnolia Cove Apartments and Marina currently range from $1,050 to $1,425

When is the leasing office open?

  • The office Hours for Magnolia Cove Apartments and Marina are
  • Monday 8:00 am–5:00 pm
  • Tuesday 8:00 am–5:00 pm
  • Wednesday 8:00 am–5:00 pm
  • Thursday 8:00 am–5:00 pm
  • Friday 8:00 am–5:00 pm
  • Saturday By Appointment
  • Sunday By Appointment

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Lifestyle Ratings

  • Affordability Nice Value3.4

    The Magnolia Cove Apartments and Marina Apartments are 16.25% cheaper than the average apartment city-wide.

    Rent Comparison to the city of Panama City

    FloorplanLowest Price HereCity Average RentCost Difference%
    1 Bedroom$1,050$1,298-$248-19.1%
    2 Bedroom$1,295$1,496-$201-13.4%

    Methodology: On 01/10/2026, ApartmentHomeLiving.com compared current rents by floorplan to 274 other apartment communities in Panama City using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 01/10/2026

  • Active Lifestyle 3.2

    From fitness centers to pools to putting greens, Active Lifestyle apartments feature local listings with the most amenities that support an always active lifestyle.

    Rating Factors

    This 3.2-star Active Lifestyle rating is based on the following features:

    • Dock
    • Waterfront Community
    • Swimming Pool(s)
  • Outdoors 3.2

    The Outdoors rating shows the apartment listings on ApartmentHomeLiving.com with the top amenities and features for renters who love the outdoor lifestyle.

    Rating Factors

    This 3.2-star Outdoors rating is based on the following features:

    • Dock
    • Waterfront Community
    • Balconies
    • Lawns
    • Courtyard
    • Swimming Pool(s)
  • Eco-Friendly 3.0

    The Eco-Friendly Lifestyle score highlights how amenities and features at top local communities may support environmentally friendly, clean, and energy efficient living.

    Rating Factors

    This 3.0-star Eco-Friendly rating is based on the following features:

    • Smoke Free Options
    • Double Pane Windows
Learn more about Lifestyle Search

Renters Reviews and Ratings

4.0
0 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

Nearby Schools

Merriam Cherry Street Elementary

Bay
1125 Cherry Street
Public School - Grades PK-5 (362 Students)
In Attendance Zone2 minute drive / 0.7 miles away
5/10

Jinks Middle School

Bay
600 West 11th Street
Public School - Grades 6-8 (570 Students)
In Attendance Zone4 minute drive / 1.5 miles away
2/10

Bay High School

Bay
1200 Harrison Avenue
Public School - Grades 9-12 (1255 Students)
In Attendance Zone4 minute drive / 1.5 miles away
3/10
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from Magnolia Cove Apartments and Marina.

Big Box and Retail

Walgreens

635 E Highway 98
2 minute drive / 0.79 miles away

Jcpenney

2000 Martin Luther King Jr Blvd
5 minute drive / 2.72 miles away

Target

2340 Martin Luther King Jr Blvd
6 minute drive / 2.96 miles away

Colleges and Universities

Gulf Coast State College - Panama City Campus

5230 West Highway 98
9 minute drive / 4.63 miles away

Groceries

Publix

3204 Heartleaf Ave E
8 minute drive / 3.98 miles away

Save-A-Lot

902 Ohio Ave
14 minute drive / 6.58 miles away

Hospitals

Ascension Sacred Heart Bay

615 N Bonita Ave
3 minute drive / 1.02 miles away

Emerald Coast Behavioral Hospital

1940 Harrison Ave
5 minute drive / 2.34 miles away

Gulf Coast Regional Medical Center

449 W 23rd St
5 minute drive / 2.77 miles away

Military Bases

Naval Coastal Systems Center

13 minute drive / 6.08 miles away

Shopping Centers

Cove Shopping Center

1-199 Cherry St
1 minute drive / 0.32 miles away

704 W 15th St - Vehicle Dealership

704 W 15th St
5 minute drive / 1.85 miles away

Mariner Plaza

621-633 N Highway 231
4 minute drive / 2.26 miles away

Magnolia Cove Apartments and Marina has 5 shopping centers within 2.3 miles.

Nearby Neighborhoods

Studio to 3 Bedroom Apartments from $775
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Panama City Studio Apartments $945$775$1,325
Panama City 1 Bedroom Apartments $1,298$799$5,562
Panama City 2 Bedroom Apartments $1,496$950$4,767
Panama City 3 Bedroom Apartments $1,813$1,139$2,500
Panama City 4 Bedroom Apartments $1,882$1,095$2,550

Browse Top Apartments in Panama City

Viewing: Magnolia Cove Apartments and Marina | Desktop Version | Listing Updated: 01/06/2026 | AHLSLV