401 & 405 Massalina Drive, Panama City, FL 32401
Local realty services provided by:CENTURY 21 Beggins Enterprises
401 & 405 Massalina Drive,Panama City, FL 32401
$1,700,000
- 10 Beds
- 8 Baths
- 4,856 sq. ft.
- Single family
- Active
Listed by: mike s herring
Office: keller williams realty emerald
MLS#:792227
Source:FL_BCMLS
Price summary
- Price:$1,700,000
- Price per sq. ft.:$350.08
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
- Listing ID #:792227
- Added:1 day(s) ago
- Updated:July 06, 2026 at 03:42 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:8
- Full bathrooms:8
- Rooms Total:14
- Kitchen Description:Gas Range, Tankless Water Heater
- Living area:4,856 sq. ft.
Heating and cooling
- Cooling:CeilingFans, CentralAir
- Heating:Electric
- Central air:Yes
Structure and exterior
- Roof:Metal
- Year built:2025
- Building area:4,856 sq. ft.
- Lot area:0.28 Acres
- Architectural Style:Craftsman
- Exterior Features:Patio
- Levels:2 Story
Schools
- High school:Bay
- Middle school:Jinks
- Elementary school:Cherry Street
Utilities
- Sewer:Sewer Available
Finances and disclosures
- Price:$1,700,000
- Price per sq. ft.:$350.08
Features and amenities
- Amenities:GasRange, TanklessWaterHeater
- Pool features:InGround, Private
New listings near 401 & 405 Massalina Drive
- New
$283,000Active4 beds 2 baths1,500 sq. ft.4881 Shurer Lane, Panama City, FL 32404
MLS# 792232Listed by: EXP REALTY LLC - New
$339,900Active4 beds 2 baths1,807 sq. ft.4817 Loblolly Way, Panama City, FL 32404
MLS# 792226Listed by: KELLER WILLIAMS SUCCESS REALTY - New
$865,000Active7 beds 6 baths2,988 sq. ft.405 Massalina Drive, Panama City, FL 32401
MLS# 792225Listed by: KELLER WILLIAMS REALTY EMERALD - New
$185,000Active2 beds 2 baths1,144 sq. ft.6716 Olokee Street, Panama City, FL 32404
MLS# 792222Listed by: EXP REALTY LLC - New
$274,900Active3 beds 2 baths1,552 sq. ft.1511 Donna Avenue, Panama City, FL 32404
MLS# 792197Listed by: SALTY MARLIN REALTY LLC - New
$4,500,000Active3.25 Acres305 E Beach Drive, Panama City, FL 32401
MLS# 1006912Listed by: COUNTS REAL ESTATE GROUP INC - New
$275,000Active2 beds 2 baths1,064 sq. ft.8438 Houston Street, Panama City, FL 32408
MLS# 792196Listed by: COLDWELL BANKER REALTY - New
$257,000Active3 beds 2 baths1,744 sq. ft.1813 Bayview Avenue, Panama City, FL 32405
MLS# 792185Listed by: BEACHY BEACH REAL ESTATE - New
$185,000Active2 beds 1 baths784 sq. ft.1707 Chestnut Avenue, Panama City, FL 32405
MLS# 792188Listed by: BEACHY BEACH REAL ESTATE