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401 Massalina Drive, Panama City, FL 32401

Panama City, FL 32401
  • 3 Beds
  • 2 Baths
  • 1,776 Sq Ft
  • 2025 Built
  • MLS 1006985

About this home

Waterfront masterpiece with deep water access to the Bay and the Gulf of Mexico. This property is the most versatile home in Panama City with virtually unlimited uses. Perfect for a primary residence or second home. Also, the potential for massive short term rental opportunity exists. Sold fully furnished with all new furnishings. 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. Built in 2025, this 3-bedroom 2-bathroom with den/office offers 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 with ice maker and wine cooler. The living / dining walks 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. 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.

Property details

Property typeDetached Single Family
StatusActive
Area27 - Bay County
SubdivisionCOVE THE
CityPanama City
CountyBay
Zip32401
StyleCraftsman
WaterfrontYes
ViewBay, Bayou

Interior

Total rooms6
Full baths2
AppliancesDishwasher, Disposal, Microwave, Refrigerator, Gas Water Heater, Tankless Water Heater
CoolingCentral Air
HeatingCentral

Exterior & lot

Lot dimensions60x100
ParkingAttached Carport, Covered
Road frontageCity Street
Exterior featuresBalcony, Private Yard, Outdoor Kitchen

Schools

ElementaryCherry Street
MiddleJinks
HighBay

Community

DirectionsUS-98 BUS E/W Beach Drive, turn left on 4th St, right on Oak Avenue, left to W 4th St. cross over bridge. Home is on the left. Corner Massalina Drive and 4th St

Data source: Emerald Coast Association of REALTORS®

Location

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