401 & 405 Massalina Drive, Panama City, FL 32401

• 9 beds |
• 7 baths |
• 4,698 sqft

Property 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 apartments—all 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 tenant—income 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 possibilities—multigenerational 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.

Listing Status:

Active

Date Added:

November 8, 2025 at 06:00AM

Listing Office:

Beach Haven Realty : 770-596-6599

MLS ID:

781413

Interior

• General: Breakfast BarHigh CeilingsRecessed LightingWindow Treatments
• Appliances: DryerDishwasherDisposalMicrowaveWine RefrigeratorWasher
• Flooring: Tile
• A/C: Central AirCeiling Fan(s)
• Heating: Central

Exterior

• General: BalconyDockSprinkler/IrrigationOutdoor Kitchen
• Pool: GuniteIn Ground
• Parking: CarportDriveway

Construction

• Windows: Double Pane WindowsStorm Window(s)
• General: HardiPlank Type2

Location

• Road/Access: City Street
• HOA Amenities: Boat Ramp
• Originating MLS: CPAR_CPAR
• County: Bay

Lot

• Zoning: 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 1052C20456-010-000 & 20456-000-000
• View: Bayou

Utilities

• Sewer: Public Sewer

Financial

• Source: CPAR_CPAR

This listing courtesy of Beach Haven Realty