401 & 405 Massalina Drive, Panama City, FL 32401

Panama City
Local realty services provided by:ERA Neubauer Real Estate, Inc.
401 & 405 Massalina Drive,Panama City, FL 32401
$1,850,000
  • 9 Beds
  • 7 Baths
  • 4,698 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.:$393.78

About this home

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...

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Home facts

  • Year built:2025
  • Listing ID #:781413
  • Added:140 day(s) ago
  • Updated:March 28, 2026 at 10:42 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:7
  • Full bathrooms:7
  • Rooms Total:16
  • Kitchen Description:Gas Range, Tankless Water Heater
  • Living area:4,698 sq. ft.

Heating and cooling

  • Cooling:CeilingFans, CentralAir
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Metal
  • Year built:2025
  • Building area:4,698 sq. ft.
  • Lot area:0.25 Acres
  • Exterior Features:Balcony, Dock, Patio, Porch
  • Foundation Description:Slab
  • Levels:2 Story

Schools

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

Utilities

  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$393.78
  • Tax amount:$786 (2024)

Features and amenities

  • Amenities:DoublePaneWindows, GasRange, StormWindows, TanklessWaterHeater
  • Pool features:Gunite, InGround, Private

Parking

  • Garage:Yes
  • Garage spaces:1
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