5+ Days Ago
Highlights
Pet Friendly
- Vaulted ceilings
- Centrally located
Location
359 Mercedes Ave, Panama City, FL 32401, USA|Bunkers Cove
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Property Overview
Vaulted ceilings, outdoor spaces, and a central location pair with a strong value per square foot and an extensive photo set that helps showcase the home clearly. Nearby cultural venues, theaters, and event hubs support an active social life, while local pet services and amenities add convenience for pet owners.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Fireplace- Images Available
Great for
Social life
Pet owners
Amenities for 359 Mercedes Ave, Bunkers Cove
Features
| Air Conditioning | Fireplace |
| Forced Air | Freezer |
| Hardwood Floor | High Ceilings |
| Linoleum Vinyl | Tile |
| Vaulted Ceiling | Washer/Dryer Hookups |
Appliances
| Dishwasher | In-Unit Laundry |
| Range/Oven | Refrigerator |
Tech
| Cable Ready |
Community
| Cats OK | Dogs OK |
Grounds
| Fenced Yard | Off-Street Parking |
| Outdoor Space |
Neighborhood
| Near Parks |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 359 Mercedes Ave
Sweet deal!
This listing is 17% below the median price for 3 bedroom apartments in Bunkers Cove.
Property Id: 1756907 Welcome to your new waterfront home at 359 Mercedes Ave in Panama City, FL! This charming 3 bed, 3 bathroom main house property features modern amenities including a dishwasher, washer/dryer hookups, and a fenced yard - perfect for your furry friends. With easy access to parks and vaulted ceilings, this cozy home won't last long. Property is less than one mile from the incredible restaurants and shops in downtown Panama City. Close to downtown St Andrews, Tyndall AFB and PCB, this gorgeous home is centrally located! Owner lives in the separate mother in law suite on back side of the property with separate entrance and parking on back side of property. Don't miss out on this fantastic opportunity! $400 off first months rent if moved in by May 15!
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 359 Mercedes Ave compares to other nearby properties.
Positives
- Fireplace
- Upgraded in-unit features
- Images Available
- There are at least 10 photos of this address
Address details
| Neighborhood | Bunkers Cove |
|---|---|
| Zip code | 32401 |
| Type | Condo for rent |
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Rent trends in Bunkers Cove
3-bedroom apartments at 359 Mercedes Ave cost about 17% less than the average rent price for 3-bedroom apartments in Panama City.
Median rents as of May 9 2026.
Bunkers Cove
Panama City
| Month | Median Rent |
|---|---|
| May 2024 | $1,900 |
| June 2024 | $1,981 |
| July 2024 | $2,010 |
| August 2024 | $2,000 |
| September 2024 | $2,000 |
| October 2024 | $2,000 |
| November 2024 | $1,985 |
| December 2024 | $1,898 |
| January 2025 | $1,890 |
| February 2025 | $1,894 |
| March 2025 | $1,875 |
| April 2025 | $1,843 |
| May 2025 | $1,820 |
| June 2025 | $1,812 |
| July 2025 | $1,897 |
| August 2025 | $1,949 |
| September 2025 | $1,949 |
| October 2025 | $1,870 |
| November 2025 | $1,830 |
| December 2025 | $1,873 |
| January 2026 | $1,899 |
| February 2026 | $1,882 |
| March 2026 | $1,853 |
| April 2026 | $1,850 |
| May 2026 | $1,850 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,929 |
| July 2024 | $2,062 |
| August 2024 | $2,120 |
| September 2024 | $2,000 |
| October 2024 | $2,012 |
| November 2024 | $1,845 |
| December 2024 | $1,983 |
| January 2025 | $2,162 |
| February 2025 | $2,018 |
| March 2025 | $2,100 |
| June 2025 | $2,000 |
| August 2025 | $2,100 |
| September 2025 | $2,100 |
| October 2025 | $2,100 |
| November 2025 | $2,100 |
| December 2025 | $2,000 |
| January 2026 | $2,000 |
| February 2026 | $2,000 |
| April 2026 | $2,400 |
| May 2026 | $2,400 |
Affordability calculator
Can I afford to live at 359 Mercedes Ave?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$79,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $79,800 annually to afford this 3-bedrooms monthly rent price of $1,995.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 1 year ago | $2,145 |
Schools near 359 Mercedes Ave
Merriam Cherry Street Elementary School
1125 cherry st
panama city, FL, 32401
PK, K-5Public
C+
Rosenwald High School
924 bay ave
panama city, FL, 32401
PK, 6-12Public
C-
Margaret K. Leweis in Millville
203 n east ave
panama city, FL, 32401
PK, K-12Public
Chapman Early Education Center
2928 east 11th st
panama city, FL, 32401
PKPublic
Bay Virtual Franchise
1515 june ave
panama city, FL, 32405
K-12Public
C+
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Internet available near 359 Mercedes Ave
Getting around Panama City near 359 Mercedes Ave
Walking
4/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
3/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 359 Mercedes Ave, Panama City
Groceries
4/10
At least one supermarket within a 30-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
3/10
Some cafés within walking distance
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Nightlife
2/10
Few or no bars within walking distance
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