401 & 405 Massalina Drive, Panama City, FL 32401
$1,850,000
Property Type:
Residential
Bedrooms:
9
Baths:
7
Square Footage:
4,698
Lot Size (sq. ft.):
10,890
Status:
Active
Current Price:
$1,850,000
List Date:
11/08/2025
Last Modified:
11/09/2025
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 apartments—all 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 tenant—income 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 possibilities—multigenerational 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.
More Information MLS# 781413
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 786
Last Tax Year: 2024
Brokerage Interest: No Interest
Contract Info
List Price/SqFt: 393.78
Status: Active
List Date: 2025-11-08
List Price: $1,850,000
Current Price: $1,850,000
Location
Sub Area: 0203 - Bay - Central SW
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: US-98 BUS E/W Beach Drive, turn left on 4th St, right on Oak Avenue, left to W 4th St. cross over bridge. Home is on the left. Corner Massalina Drive and 4th St
Area: 02 - Bay County - Central
Street #: 401 & 405
Street Name: Massalina
Street Suffix: Drive
State: FL
Zip Code: 32401
County: Bay
Subdivision: Bunkers Cove
Parcel ID: 20456-010-000 & 20456-000-000
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
General Property Info
Acreage: 0.25
Design: N/A
Lot Size (SqFt): 10890
Apx SqFt(Htd/Cooled): 4698
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Source: Owner Measured
Balcony SqFt: 100
# of Stories in Building: 2
Lot Dimensions: 120 x 200
New Construction: Yes
Garage Y/N: Yes
Garage Spaces: 1
Covered Spaces: 1
Driveway Spaces: 4
Assigned Spaces: 4
Pool: Yes
Pool Type: Private
Sub-Type: Multi Family
Bedrooms: 9
Full Baths: 7
Total Baths: 7
Year Built: 2025
Remarks & Misc
Remarks: 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 apartments—all 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 tenant—income 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 possibilities—multigenerational 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.
Den
Second: 1
Family Room
Second: 1
Pool Features
Gunite Concrete: 1
Inground: 1
Separate Apartment
First: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Range - Gas: 1
Washer: 1
Water Heater - Tankless: 1
Wine Refrigerator: 1
Interior Features
Breakfast Bar: 1
Ceiling - Raised: 1
Floor - Tile: 1
Lighting - Recessed: 1
Window - Treatment All: 1
Construction/Siding
Foundation - Slab on Grade: 1
Roof - Metal: 1
Siding - Hardie Board: 1
Trim - Wood: 1
Exterior
Balcony: 1
Double Pane Windows: 1
Summer Kitchen: 1
Patio Covered: 1
Porch Covered: 1
Sprinkler System: 1
Storm Doors: 1
Storm Windows: 1
Waterfront Feature
Dock: 1
Waterfront Feet: 75
Furnished
Furnished: 1
Kitchen
First: 1
Living Room
First: 1
Lot Features
Landscaped: 1
Near Public Boat Ramp: 1
Waterfront: 1
Within 1/2 Mile to Water: 1
Lot Access
City Street: 1
Paved Road: 1
Parking Features
Carport Attached: 1
Driveway: 1
Mstr Bath / Mstr Bdrm
MBath Double Vanity: 1
MBed First Floor: 1
MBed Walk-in Closet: 1
Present Zoning
Resid Multi-Family: 1
Resid Single Family: 1
Rooms
Bedroom: 1
Den: 1
Family Room: 1
Full Bathroom: 1
Kitchen: 1
Living Room: 1
Master Bedroom: 1
Separate Apartment: 1
Utilities
Cable - Available: 1
Electricity - Connected: 1
Natural Gas - Connected: 1
Public Sewer - Connected: 1
Sewer Available: 1
Waterview
Bayou: 1
Full Bathroom
First: 1
Waterfront Type
Bayou w/ Gulf Access: 1
Master Bedroom
First: 1
Bedroom
First: 1
Second: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Heating
Central: 1
Property Features
Appliances: Dishwasher; Disposal; Dryer; Microwave; Range - Gas; Washer; Water Heater - Tankless; Wine Refrigerator
Full Bathroom: First
Master Bedroom: First
Bedroom: First; Second
Cooling: Ceiling Fan(s); Central Air
Heating: Central
Exterior: Balcony; Double Pane Windows; Summer Kitchen; Patio Covered; Porch Covered; Sprinkler System; Storm Doors; Storm Windows
Furnished: Furnished
Kitchen: First
Living Room: First
Lot Features: Landscaped; Near Public Boat Ramp; Waterfront; Within 1/2 Mile to Water
Lot Access: City Street; Paved Road
Den: Second
Family Room: Second
Pool Features: Gunite Concrete; Inground
Separate Apartment: First
Parking Features: Carport Attached; Driveway
Rooms: Bedroom; Den; Family Room; Full Bathroom; Kitchen; Living Room; Master Bedroom; Separate Apartment
Utilities: Cable - Available; Electricity - Connected; Natural Gas - Connected; Sewer Available; Public Sewer - Connected
Waterfront Type: Bayou w/ Gulf Access
Waterfront Feature: Dock
Waterview: Bayou
Present Zoning: Resid Multi-Family; Resid Single Family
Room Information
Master Bedroom
Level: First
Dimensions: 12 x 12
Length: 12.00
Width: 12.00
Dimensions: 12 x 12
Remarks: Main House (401 Massalina))
Bedroom
Level: Second
Dimensions: 13 x 10
Length: 13.00
Width: 10.00
Dimensions: 13 x 10
Remarks: Main House (401 Massalina)
Bedroom
Level: Second
Dimensions: 13 x 10
Length: 13.00
Width: 10.00
Dimensions: 13 x 10
Remarks: Main House (401 Massalina)
Living Room
Level: First
Dimensions: 8 x 11
Length: 8.00
Width: 11.00
Dimensions: 8 x 11
Remarks: Main House (401 Massalina)
Family Room
Level: Second
Dimensions: 21 x 13
Length: 21.00
Width: 13.00
Dimensions: 21 x 13
Remarks: Main House (401Massalina)
Den
Level: Second
Dimensions: 7 x 10
Length: 7.00
Width: 10.00
Dimensions: 7 x 10
Remarks: Main House (401Massalina)
Full Bathroom
Level: First
Dimensions: 8 x 8
Length: 8.00
Width: 8.00
Dimensions: 8 x 8
Remarks: Main House (401 Massalina
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Remarks: Carriage House (405 Massalina
Bedroom
Level: First
Dimensions: 10 x 10
Length: 10.00
Width: 10.00
Dimensions: 10 x 10
Remarks: Carriage House (405 Massalina
Full Bathroom
Level: First
Dimensions: 8 x 8
Length: 8.00
Width: 8.00
Dimensions: 8 x 8
Remarks: Carriage House (405 Massalina
Living Room
Level: First
Dimensions: 12 x 10
Length: 12.00
Width: 10.00
Dimensions: 12 x 10
Remarks: Carriage House (405 Massalina
Kitchen
Level: First
Dimensions: 8 x 6
Length: 8.00
Width: 6.00
Dimensions: 8 x 6
Remarks: Carriage House (405 Massalina
Separate Apartment
Level: First
Dimensions: 20 x 20
Length: 20.00
Width: 20.00
Dimensions: 20 x 20
Remarks: Apartment (405 Massalina)
Separate Apartment
Level: First
Dimensions: 20 x 20
Length: 20.00
Width: 20.00
Dimensions: 20 x 20
Remarks: Apartment (405 Massalina)
Separate Apartment
Level: First
Dimensions: 20 x 20
Length: 20.00
Width: 20.00
Dimensions: 20 x 20
Remarks: Apartment (405 Massalina)
Separate Apartment
Level: First
Dimensions: 20 x 20
Length: 20.00
Width: 20.00
Dimensions: 20 x 20
Remarks: Apartment (405 Massalina)
Listing Office:
Beach Haven Realty
Last Updated: November - 09 - 2025
Information deemed reliable but not guaranteed.