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MLS# 781413

Status: Active
401 & 405 Massalina Drive
Panama City, FL 32401
$1850000.00

Beds Total: 9
Bathrooms: 7.00
Baths Full: 7
Sq Ft Total: 4698.00
Acres: 0.25
Year Built: 2025
Garage Description: 1.00
On Waterfront: Yes
(850) 830-3266


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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 throughoutCarriage 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 potentialAdditional HighlightsNewly 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.

Additional Features

List Date:2025-11-08
Full Baths:7
Waterfront:Yes
Sub Area:0203 - Bay - Central SW
Community/Resort:None
Parcel ID:20456-010-000 & 20456-000-000
Elementary School:Cherry Street
Middle School:Jinks
High School:Bay
Appliances:Dishwasher,Disposal,Dryer,Microwave,Range - Gas,Washer,Water Heater - Tankless,Wine Refrigerator
HOA Fee:No
Cumulative DOM:118
Days On Market:118
Last Taxes:786.00
Last Tax Year:2024
Utilities:Cable - Available,Electricity - Connected,Natural Gas - Connected,Public Sewer - Available,Public Sewer - Connected
Present Zoning:Resid Multi-Family,Resid Single Family
Exterior:Balcony,Double Pane Windows,Outdoor Kitchen,Patio - Covered,Porch - Covered,Sprinkler System,Storm Doors,Storm Windows
Lot Features:Landscaped,Near Public Boat Ramp,Waterfront,Within 1/2 Mile to Water
Waterfront Feature:Dock
Construction/Siding:Foundation - Slab on Grade,Roof - Metal,Siding - Hardie Board,Trim - Wood