Skip To Content

401 & 405 Massalina Drive

Panama City, FL 32401
  • $1,850,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 781413
UPDATED: 49 min ago
$1,850,000
  • 9
    BEDS
  • 0.25
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 4,698
    SQFT
  • $394
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2025
County:
Bay

School Information

Elementary School:
Middle School:
High School:
Bay

Description

ATTENTION!! ATTENTION!! ATTENTION!! 3 SEPARATE STRUCTURES, 2 SEPARATE PARCELS, 1 AWESOME PRICE!! 401 AND 405 Massalina Drive - Waterfront Opportunity on Massalina Bayou! Discover an exceptional investment OR lifestyle opportunity with 2 separate parcels sold together on the scenic Massalina Bayou. This RARE WATERFRONT package includes a NEW CONSTRUCTION (2025) 3-bed, 2-bath MAIN home with a private pool, a NEW CONSTRUCTION (2025) 2-bed, 1-bath CARRIAGE house, AND (4) four 1-bed, 1-bath waterfront apartmentsall positioned to generate immediate SHORT -TERM or LONG-TERM income. Property Features: Main Residence (New Construction), 3 Bedrooms 2 Bathrooms, Private pool with water views, Scheduled to be fully furnished within the next few weeks. Turn-key as a primary residence or ready for both short- and long-term rentals. High-end finishes and thoughtful coastal design throughout Carriage House (New Construction). 2 Bedrooms 1 Bathroom. Currently leased with a 6-month tenantincome from day one, Modern layout with premium materials and stunning waterfront backdrop. Four Waterfront Apartments, Each unit: 1 Bedroom 1 Bathroom. Two of the four units currently rented and producing income. Ideal for long-term tenants or short-term rentals, Waterfront setting offers exceptional demand and rental potential Additional Highlights Newly constructed dock connecting both parcels, creating the feel of one expansive waterfront estate. Beautifully manicured landscaping throughout. Direct views of Massalina Bayou offering serene surroundings and a true coastal lifestyle. Prime location near top shopping, dining, entertainment, and local attractions. This unique combination of parcels provides endless possibilitiesmultigenerational living, a fully income-producing investment, or a luxurious primary residence with rental opportunities built in. With its unmatched flexibility, new construction quality, and breathtaking bayou views, 401 & 405 Massalina Drive is a ONE-OF-A-KIND chance to secure a premier waterfront property with incredible income potential. The number of bedrooms , bathrooms, and square footage represented in the listing is a total of all 3 structures that are being offered for sale. All measurements and dimensions to be verified by the Buyer.

Monthly Payment Calculator



© 2025 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Coastal Connection at eXp Realty. Data last updated: 2025-12-05T15:04:00.7.
www.thecoastalconnectionpropertysearch.com/homes/169749515
Print Image

401 & 405 Massalina Drive Panama City, FL 32401

  • Price: $1,850,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 49 min ago
  • MLS #: 781413
9
Beds
7
Baths
0
½ Baths
0.25
Acres
4,698
SQFT
$394
$/SQFT
2025
Built
Neighborhood:
Bunkers Cove
County:
Bay
Area:
Bay County-Central
Elementary School:
Cherry Street
Middle School:
Jinks
High School:
Bay
Property Description
ATTENTION!! ATTENTION!! ATTENTION!! 3 SEPARATE STRUCTURES, 2 SEPARATE PARCELS, 1 AWESOME PRICE!! 401 AND 405 Massalina Drive - Waterfront Opportunity on Massalina Bayou! Discover an exceptional investment OR lifestyle opportunity with 2 separate parcels sold together on the scenic Massalina Bayou. This RARE WATERFRONT package includes a NEW CONSTRUCTION (2025) 3-bed, 2-bath MAIN home with a private pool, a NEW CONSTRUCTION (2025) 2-bed, 1-bath CARRIAGE house, AND (4) four 1-bed, 1-bath waterfront apartmentsall positioned to generate immediate SHORT -TERM or LONG-TERM income. Property Features: Main Residence (New Construction), 3 Bedrooms 2 Bathrooms, Private pool with water views, Scheduled to be fully furnished within the next few weeks. Turn-key as a primary residence or ready for both short- and long-term rentals. High-end finishes and thoughtful coastal design throughout Carriage House (New Construction). 2 Bedrooms 1 Bathroom. Currently leased with a 6-month tenantincome from day one, Modern layout with premium materials and stunning waterfront backdrop. Four Waterfront Apartments, Each unit: 1 Bedroom 1 Bathroom. Two of the four units currently rented and producing income. Ideal for long-term tenants or short-term rentals, Waterfront setting offers exceptional demand and rental potential Additional Highlights Newly constructed dock connecting both parcels, creating the feel of one expansive waterfront estate. Beautifully manicured landscaping throughout. Direct views of Massalina Bayou offering serene surroundings and a true coastal lifestyle. Prime location near top shopping, dining, entertainment, and local attractions. This unique combination of parcels provides endless possibilitiesmultigenerational living, a fully income-producing investment, or a luxurious primary residence with rental opportunities built in. With its unmatched flexibility, new construction quality, and breathtaking bayou views, 401 & 405 Massalina Drive is a ONE-OF-A-KIND chance to secure a premier waterfront property with incredible income potential. The number of bedrooms , bathrooms, and square footage represented in the listing is a total of all 3 structures that are being offered for sale. All measurements and dimensions to be verified by the Buyer.
Exterior Features

Attached Garage YN No Construction Materials Hardi Plank Type Covered Spaces 1 Exterior Features Dock Outdoor Kitchen Garage YN Yes Levels Two Lot Features Sprinkler System Paved Patio And Porch Features Balcony Covered Patio Porch Pool Features Gunite In Ground Road Frontage Type City Street Stories 2 View Bayou

Interior Features

Appliances Gas Range Tankless Water Heater Cooling Central Air Ceiling Fan(s) Cooling YN Yes Door Features Storm Door(s) Heating Central Heating YN Yes Rooms Guest Quarters (First Level) Guest Quarters (First Level) Guest Quarters (First Level) Guest Quarters (First Level) Kitchen (First Level) Living Room (First Level) Full Bath (First Level) Bedroom (First Level) Bedroom (First Level) Full Bath (First Level) Den (Second Level) Family Room (Second Level) Living Room (First Level) Bedroom (Second Level) Bedroom (Second Level) Primary Bedroom (First Level) Units Furnished All Units Window Features Double Pane Windows Storm Window(s)

Property Features

Association YN No Community Features Short Term Rental Allowed Listing Service Full Service Lot Size Dimensions 120 x 200 New Construction YN Yes Occupant Type Vacant Property Sub Type Multi Family Property Sub Type Additional Multi Family Sewer Public Sewer Tax Annual Amount 786 Tax Year 2024 Utilities Sewer Available Waterfront Features Bayou Waterfront YN Yes Zoning Description Resid Multi- Family Resid Single Family

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of Beach Haven Realty: 770-596-6599. Listing information © 2025 Central Panhandle Association of Realtors MLS.


© 2025 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Coastal Connection at eXp Realty. Data last updated: 2025-12-05T15:04:00.7.
 
https://bt-photos.global.ssl.fastly.net/panamacity/1280_boomver_1_781413-2.jpg https://bt-photos.global.ssl.fastly.net/panamacity/1280_boomver_1_781413-2.jpg https://bt-photos.global.ssl.fastly.net/panamacity/1280_boomver_1_781413-2.jpg
Logo
The Coastal Connection at eXp Realty
27075 Marina Rd.
Orange Beach AL, 36561