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405 Massalina Drive, Panama City, FL 32401

Panama City
Local realty services provided by:CENTURY 21 Beggins Enterprises
405 Massalina Drive,Panama City, FL 32401
$865,000
  • 7 Beds
  • 6 Baths
  • 2,988 sq. ft.
  • Multi-family
  • Active
Listed by: mike s herring
Office: keller williams realty emerald
MLS#:792225
Source:FL_BCMLS

Price summary

  • Price:$865,000
  • Price per sq. ft.:$289.49

About this home

$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. Waterfront masterpiece with deep water access to the Bay and the Gulf of Mexico. 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. New custom landscaping and beautiful decking, shared dock with fish cleaning station. Location is easy to access to newly renovated downtown entertainment with shopping, dining, concerts and...

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Home facts

  • Year built:2025
  • Subdivision & Development:Cove
  • Listing ID #:792225
  • Added:47 day(s) ago
  • Updated:August 22, 2026 at 02:26 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:6
  • Full bathrooms:6
  • Rooms Total:8
  • Kitchen Description:Gas Range, Tankless Water Heater
  • Living area:2,988 sq. ft.

Heating and cooling

  • Cooling:CeilingFans, CentralAir
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Metal
  • Year built:2025
  • Building area:2,988 sq. ft.
  • Lot area:0.14 Acres
  • Exterior Features:Porch

Schools

  • High school:Bay
  • Middle school:Jinks
  • Elementary school:Cherry Street

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$865,000
  • Price per sq. ft.:$289.49

Features and amenities

  • Amenities:GasRange, TanklessWaterHeater
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