Address: 401 & 405 Massalina Drive, Panama City, FL 32401
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 apartmentsall 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 tenantincome 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 possibilitiesmultigenerational 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.
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 apartmentsall 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 tenantincome 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 possibilitiesmultigenerational 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.
Features
Building and Construction
Covered Spaces: 1.00
Exterior Features: Dock, OutdoorKitchen
Living Area: 0.00
Land Information
Lot Features: SprinklerSystem, Paved
School Information
High School: Bay
Middle School: Jinks
School Elementary: Cherry Street
Garage and Parking
Garage Spaces: 1.00
Open Parking Spaces: 0.00
Eco-Communities
Pool Features: Gunite, InGround, Private
Utilities
Carport Spaces: 0.00
Cooling: CentralAir, CeilingFans
Heating: Central
Road Frontage Type: CityStreet
Sewer: PublicSewer
Utilities: SewerAvailable
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Pet Deposit: 0.00
Security Deposit: 0.00
Tax Year: 2024
Trash Expense: 0.00
Other Features
Appliances: GasRange, TanklessWaterHeater
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
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