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- 401 & 405 Massalina Drive, Panama City, FL 32401
- MLS#: 781413 ( Residential )
- Street Address: 401 & 405 Massalina Drive
- Viewed: 118
- Price: $1,850,000
- Price sqft: $394
- Waterfront: Yes
- Wateraccess: Yes
- Waterfront Type: Bayou
- Year Built: 2025
- Bldg sqft: 4698
- Bedrooms: 9
- Total Baths: 7
- Full Baths: 7
- Garage / Parking Spaces: 1
- Days On Market: 65
- Additional Information
- Geolocation: 30.1553 / -85.6553
- County: BAY
- City: Panama City
- Zipcode: 32401
- Subdivision: Bunkers Cove
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
- Provided by: Beach Haven Realty
- DMCA Notice
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DescriptionAttention!! 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.
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Property Features
Waterfront Description
- Bayou
Appliances
- GasRange
- TanklessWaterHeater
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- CentralAir
- CeilingFans
Covered Spaces
- 1.00
Exterior Features
- Dock
- OutdoorKitchen
Garage Spaces
- 1.00
Heating
- Central
High School
- Bay
Insurance Expense
- 0.00
Legal Description
- SUDDUTHS 1ST ADD. LOT 21 BLDG 8 ORB 1256 P 962 ORB 2286 P 546 MAP 105C2 SUDDUTHS 1ST ADD. LOT 20 BLK 8 ORB 4783 P 213 MAP 1052C
Levels
- Two
Living Area
- 0.00
Lot Features
- SprinklerSystem
- Paved
Middle School
- Jinks
Area Major
- 02 - Bay County - Central
Net Operating Income
- 0.00
New Construction Yes / No
- Yes
Occupant Type
- Vacant
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Parcel Number
- 20456-010-000 & 20456-000-000
Pet Deposit
- 0.00
Pool Features
- Gunite
- InGround
- Private
Property Type
- Residential
Road Frontage Type
- CityStreet
School Elementary
- Cherry Street
Security Deposit
- 0.00
Sewer
- PublicSewer
Tax Year
- 2024
The Range
- 0.00
Trash Expense
- 0.00
Utilities
- SewerAvailable
View
- Bayou
Views
- 118
Year Built
- 2025
Listing Data ©2026 Greater Fort Lauderdale REALTORS®
Listings provided courtesy of The Hernando County Association of Realtors MLS.
Listing Data ©2026 REALTOR® Association of Citrus County
Listing Data ©2026 Royal Palm Coast Realtor® Association
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Datafeed Last updated on January 13, 2026 @ 12:00 am
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