401 & 405 Massalina Drive, Panama City, FL 32401
Local realty services provided by:CENTURY 21 Ryan Realty
401 & 405 Massalina Drive,Panama City, FL 32401
$1,658,000
- 10 Beds
- 8 Baths
- 4,856 sq. ft.
- Single family
- Active
Listed by: mike herring
Office: keller williams realty srb
MLS#:1006980
Source:FL_ECAR
Price summary
- Price:$1,658,000
- Price per sq. ft.:$341.43
About this home
ATTENTION!! 3 SEPARATE STRUCTURES, 2 SEPARATE PARCELS, 1 AWESOME PRICE!! Zoned for short term and long term rental. Waterfront on Massalina Bayou! Main House: Amazing 3-bedroom 2-bath with den/office *new construction*. Gorgeous views from covered porches on both floors. First floor has open kitchen with Forno Italian stainless appliances, large Island, gas stove, double door refrigerator w/ice maker and wine cooler. Living/dining walk out large sliding doors to covered porch, outdoor Thor stainless summer kitchen and pool/bayou views.
Master bedroom and master bath with large custom shower, double vanity sink and walk in closet. Second floor open family room, den/office, large sliding doors to walk to walk out to covered porch overlooking pool/bayou. Two additional bedrooms and one bath. So much to offer with beautifully designed tile flooring throughout, tankless water heater and extra storage. 401 Massalina Drive is under a lease for 5 months with potential for 2 month extension. $3600 per month and includes utilities and pool service. 405 Massalina Drive: Carriage House plus Quadplex/Fourplex: $7100 per month or $85,200 per year in rental income from the carriage house and quadplex/fourplex. Perfect for a DSCR loan where your rental income pays for your mortgage, plus you get a dock and a place to park your boat on deep water. This is the most versatile quadplex/fourplex plus carriage house (comes fully furnished) in Panama City. Here is the rental income breakdown: Carriage house = $1750 per month; Apartment 1 (Civil Contractor) = $1450 per month; Apartment 2 (Realtor) = $1450 per month; Apartment 3 (Property Maintenance Man) = $1,000 per month (reduced because he takes care of the lawn and pool - you could charge $1450); Apartment 4 (Josh) = $1450 per month; Total income = $7100 per month or $85,200 per year. New custom landscaping and pool to relax and enjoy. Beautiful decking, shared dock with fish cleaning station. Location is easy to access to newly renovated downtown entertainment with shopping, dining, concerts and ongoing festivities....
Contact an agent
Home facts
- Year built:2025
- Subdivision & Development:COVE THE
- Listing ID #:1006980
- Added:114 day(s) ago
- Updated:October 28, 2026 at 08:22 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:8
- Full bathrooms:8
- Rooms Total:14
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric
- Living area:4,856 sq. ft.
Heating and cooling
- Central air:Yes
Structure and exterior
- Year built:2025
- Building area:4,856 sq. ft.
- Lot area:0.14 Acres
- Architectural Style:Craftsman Style
- Exterior Features:Balcony, Fenced Area, Summer Kitchen
Schools
- High school:Bay
- Middle school:Jinks
- Elementary school:Cherry Street
Utilities
- Water:Public Water
Finances and disclosures
- Price:$1,658,000
- Price per sq. ft.:$341.43
- Tax amount:$842 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric
Parking
- Carport spaces:2
New listings near 401 & 405 Massalina Drive
- Coming Soon
$340,000Coming Soon3 beds 2 baths1,664 sq. ft.156 Candlewick Circle, Panama City, FL 32405
MLS# 796563Listed by: COLDWELL BANKER NICEVILLE - New
$310,000Active3 beds 3 baths1,476 sq. ft.9003 Banyan Beach Drive, Panama City, FL 32408
MLS# 797085Listed by: EXP REALTY LLC - New
$199,900Active3 beds 2 baths2,032 sq. ft.5628 Martin Court, Panama City, FL 32404
MLS# 797091Listed by: OVERSTREET REALTY - New
$599,000Active4 beds 3 baths2,222 sq. ft.901 Laurel Oak Lane, Panama City, FL 32408
MLS# 797094Listed by: BEACHY BEACH REAL ESTATE - New
$246,000Active3 beds 2 baths1,532 sq. ft.7300 Charlotte Circle, Panama City, FL 32404
MLS# 1014381Listed by: MARKETPLACE HOMES - New
$374,000Active4 beds 2 baths6,970 sq. ft.11705 Poston Road, Panama City, FL 32404
MLS# 797077Listed by: WATERSOUND REAL ESTATE - New
$340,200Active3 beds 2 baths1,634 sq. ft.4328 Windsong Circle, Panama City, FL 32404
MLS# 797068Listed by: ADAMS HOMES REALTY, INC. - New
$773,047Active4 beds 3 baths2,208 sq. ft.3741 Shoreline Circle, Panama City, FL 32405
MLS# 797067Listed by: DSLD HOMES FLORIDA LLC - New
$144,900Active2 beds 2 baths840 sq. ft.3021 Altha Avenue, Panama City, FL 32405
MLS# 797063Listed by: BEYCOME OF FLORIDA LLC - New
$495,000Active1 beds 2 baths1,013 sq. ft.11347 Front Beach Road #104, Panama City, FL 32407
MLS# 797056Listed by: COASTAL VIBES LUXURY REALTY