401 & 405 Massalina Drive, Panama City, FL, 32401

401 & 405 Massalina Drive, Panama City, FL, 32401

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$1,850,000
126 Days On Site

401 & 405 Massalina Drive
Panama City, FL 32401

For Sale|Residential|Active
9
Beds
7
Total Baths
7
Full Baths
4,698
SqFt
$394
/SqFt
2025
Built
Subdivision:
Bunkers Cove
County:
Bay
Listing courtesy of Scott Suber of Beach Haven Realty
Call Now: 850-786-3054
Is this the listing for you? We can help make it yours.
850-786-3054
401 & 405 Massalina Drive401 & 405 Massalina Drive401 & 405 Massalina Drive401 & 405 Massalina Drive
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Monthly Payment (Est.)

$8,440
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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.

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Listing Snapshot
Price 
$1,850,000
Days On Site 
126 Days
Bedrooms 
9
Inside Area (SqFt) 
4,698 sqft
Total Baths 
7
Full Baths 
7
Partial Baths 
N/A
Lot Size 
0.25 Acres
Year Built 
2025
MLS® Number 
781413
Status 
Active
Property Tax 
$786
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Owner
Friends & Family
Recent Activity
4 months agoListing first seen on site
4 months agoListing updated with changes from the MLS®
General Features
Acres 
0.25
Foundation 
Slab
Garage 
Yes
Garage Spaces 
1
Levels 
Two
Number Of Stories 
2
Property Condition 
New Construction
Sewer 
Public Sewer
SqFt Total 
4698
Utilities 
Sewer Available
Zoning 
Resid Multi-Family, Resid Single Family
Interior Features
Appliances 
Gas RangeTankless Water Heater
Cooling 
Central AirCeiling Fan(s)
Furnished? 
All Units
Heating 
Central
Window Features 
Double Pane WindowsStorm Window(s)
Bedroom 
Dimensions - 10 x 10Level - FirstDescription - Carriage House (405 Massalina
Den 
Dimensions - 7 x 10Level - SecondDescription - Main House (401Massalina)
Family Room 
Dimensions - 21 x 13Level - SecondDescription - Main House (401Massalina)
FullBath 
Dimensions - 8 x 8Level - FirstDescription - Main House (401 Massalina
GuestQuarters 
Dimensions - 20 x 20Level - FirstDescription - Apartment (405 Massalina)
Kitchen 
Dimensions - 8 x 6Level - FirstDescription - Carriage House (405 Massalina
Living Room 
Dimensions - 12 x 10Level - FirstDescription - Carriage House (405 Massalina
PrimaryBedroom 
Dimensions - 12 x 12Level - FirstDescription - Main House (401 Massalina))
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Exterior Features
Construction Details 
HardiPlank Type
Exterior 
BalconyDockOutdoor Kitchen
Lot Features 
PavedWaterfront
Patio And Porch 
CoveredPatioPorch
Pool Features 
GuniteIn GroundPrivate
Private Pool 
Yes
Road Frontage 
City Street
Roof 
Metal
Waterfront 
Yes
Windows/Doors 
Double Pane WindowsStorm Window(s)
Community Features
MLS Area 
02 - Bay County - Central
Schools
School District
Unknown
Elementary School
Cherry Street
Middle School
Jinks
High School
Bay
Listing courtesy of Scott Suber of Beach Haven Realty



Listing information is provided by Participants of the Central Panhandle Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Central Panhandle Association of REALTORS MLS.
Last checked: 2026-03-15 01:59 PM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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