Our credit card system is down. We are actively working on this issue. If you would like to make a reservation please call 850-234-7151 9 am - 4 pm OR email us with your contact info, unit and dates. We will get a block in for you until we can resolve this!

logo ×

  • This field is for validation purposes and should be left unchanged.

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.