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
  • 2 Bedroom Bedrooms
  • $1,355-$1,425Pricing
  • 750Square 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! Pictures may not be of exact unit available. 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 2 Bedroom apartments starting from $1,425 and having 750 sq ft. Here is the current pricing and availability:

    • 2 Bedrooms

      Floorplan 2

      From $1,425

      2 Beds, 1.5 Baths, 750 sq ft
      Available Now

      Availability Details

      PriceAvailability DateUnitSq Ft
      $1,425Available Now108750

      Model Amenities and Features

      Features

      • Air Conditioning
      • Balcony
      • Cable Ready
      • Ceiling Fans
      • Heating
      • Smoke Free
      • Tub/Shower

      Kitchen

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

      Unit 108 Rent and Fees

      Unit Price

      • $1,425

      Model Rent and Fees

      Model Price Range

      • $1,355 - $1,425
    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

    • 35 Units
    • 2 Stories
    • Built in 1966

    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.

    Other Fees

    Pet Fees

    Dog

    Pet Deposit$250

    Cat

    Pet Deposit$250

    Dogs

    • 30 Lb Weight Limit

    Cats

    • 30 Lb Weight Limit

    Parking Info and Fees

    Surface Lot
    • 1 Max, Assigned Parking

    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

    On-Site Services

    • Renters Insurance Program
    • Laundry Facilities
    • Garden

    Outdoor Features

    • Dock
    • Waterfront
    • Courtyard
    • Yard

    Recreation and Fitness

    • Pool

    Interior Features

    • Balcony
    • Heating
    • Tub/Shower
    • Ceiling Fans
    • Cable Ready
    • Air Conditioning
    • Smoke Free

    Kitchen Amenities

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

    Living Area Features

    • Vinyl Flooring
    Google Map

    Map

    240 Harmon Ave, Panama City, FL 32401

    Hours and Contact Info

    Call Us - Open Now!
    Currently Closed
    By Appointment
    Monday9:00 am–5:00 pm
    Tuesday9:00 am–5:00 pm
    Wednesday9:00 am–5:00 pm
    Thursday9:00 am–5:00 pm
    Friday9:00 am–5:00 pm
    SaturdayClosed
    SundayClosed

    Getting Around

    Walk Score®

    50 / 100

    Somewhat Walkable

    Some errands can be accomplished on foot

    Bike Score®

    40 / 100

    Somewhat Bikeable

    Minimal bike infrastructure

    Transit Score®

    18 / 100

    Minimal Transit

    It may be possible to get on a bus

    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?

    2 Bedrooms at Magnolia Cove Apartments and Marina currently start from $1,425. Call today for more info!

    When is the leasing office open?

    • The office Hours for Magnolia Cove Apartments and Marina are
    • Monday 9:00 am–5:00 pm
    • Tuesday 9:00 am–5:00 pm
    • Wednesday 9:00 am–5:00 pm
    • Thursday 9:00 am–5:00 pm
    • Friday 9:00 am–5:00 pm
    • Saturday Closed
    • Sunday Closed

    Are pets allowed?

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

    Lifestyle Ratings

    • Affordability Nice Value3.0

      The Magnolia Cove Apartments and Marina Apartments are 9.7% cheaper than the average apartment city-wide.

      Rent Comparison to the city of Panama City

      FloorplanLowest Price HereCity Average RentCost Difference%
      2 Bedroom$1,355$1,501-$146-9.7%

      Methodology: On 11/25/2025, ApartmentHomeLiving.com compared current rents by floorplan to 164 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 11/25/2025

    • Active Lifestyle 3.0

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

      • Dock
      • Waterfront Community
      • Swimming Pool(s)
      • Garden Style
    • Outdoors 3.8

      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 3.8-star Outdoors rating is based on the following features:

      • Dock
      • Waterfront Community
      • Garden Style
      • Balconies
      • Yards
      • Courtyard
      • Swimming Pool(s)
    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
    5/10
    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 4 Bedroom Apartments from $775
    View Rentals

    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Panama City Studio Apartments $872$775$925
    Panama City 1 Bedroom Apartments $1,279$799$1,839
    Panama City 2 Bedroom Apartments $1,501$950$2,394
    Panama City 3 Bedroom Apartments $1,856$1,139$2,600
    Panama City 4 Bedroom Apartments $2,065$1,195$3,400

    Browse Top Apartments in Panama City

    Viewing: Magnolia Cove Apartments and Marina | Desktop Version | Listing Updated: 11/24/2025 | AHLSLV