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USAFLPanama CityBunkers Cove401405 Massalina Dr
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401405 Massalina Dr, Panama City, FL

Real Estate

For Sale

Listed price in listed location currency (USD).
$1,850,000

970

MLS® 781413

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Multi Family
Levels Residential
Size -
Garage Yes
Taxes $786
Days Active 52
Lot Size 0.25 acres
Approx. Age 2025
MLS® Number 781413

Property Address: 401405 Massalina Dr, Panama City, FL, 32401-3729

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number781413
Laundry Level
Central VacNo
FireplaceNo
Acreage0.25
Exterior
GarageYes
Approx. Age2025
Basement
Driveway
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Bathroom 2:First Floor8 × 8 ft
Bedroom 1:First Floor10 × 10 ft
Kitchen:First Floor6 × 8 ft
Bathroom 1:First Floor8 × 8 ft
Bedroom 1:First Floor12 × 12 ft
Den:Second Floor10 × 7 ft
Family Room:Second Floor13 × 21 ft
Other:First Floor20 × 20 ft
Living Room:First Floor10 × 12 ft

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 8, 2025List Date
$1,850,000List Price
  • Commute

Commute

Starting Address
Destination Address
401405 Massalina Dr, Panama City, FL

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