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401 & 405 Massalina Drive
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PRICED AT ONLY: $1,850,000

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.
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  • MLS#: 781413 ( Residential )
  • Street Address: 401 & 405 Massalina Drive
  • Viewed: 122
  • Price: $1,850,000
  • Price sqft: $394
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Bayou
  • Year Built: 2025
  • Bldg sqft: 4698
  • Bedrooms: 9
  • Total Baths: 7
  • Full Baths: 7
  • Garage / Parking Spaces: 1
  • Days On Market: 68
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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
  • Levels: Two
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Vacant
  • Parcel Number: 20456-010-000 & 20456-000-000
  • The Range: 0.00
  • View: Bayou
  • Views: 122

Contact Info

  1. Broker IDX Sites Inc.
  2. A Winning Team
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