401 & 405 Massalina Drive, Panama City, FL 32401

Local realty services provided by:ERA Neubauer Real Estate, Inc.
401 & 405 Massalina Drive,Panama City, FL 32401
$1,850,000
  • 3 Beds
  • 2 Baths
  • 1,775 sq. ft.
  • Multi-family
  • Active
Listed by: scott suber
Office: beach haven realty
MLS#:781413
Source:FL_BCMLS

Price summary

  • Price:$1,850,000
  • Price per sq. ft.:$1,042.25

About this home

401 & 405 Massalina Drive - Waterfront Multi-Parcel Opportunity on Massalina Bayou! Discover an exceptional investment and lifestyle opportunity with two separate parcels sold together on the scenic Massalina Bayou. This rare waterfront package includes a brand-new 3-bed, 2-bath main home with a private pool, a new construction 2-bed, 1-bath carriage house, and four 1-bed, 1-bath waterfront apartments—all positioned to generate immediate and 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

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Home facts

  • Year built:2025
  • Listing ID #:781413
  • Added:1 day(s) ago
  • Updated:November 08, 2025 at 05:40 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,775 sq. ft.

Heating and cooling

  • Cooling:CeilingFans, CentralAir
  • Heating:Central

Structure and exterior

  • Year built:2025
  • Building area:1,775 sq. ft.
  • Lot area:0.25 Acres

Schools

  • High school:Bay
  • Middle school:Jinks
  • Elementary school:Cherry Street

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$1,042.25
  • Tax amount:$786 (2024)
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