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$525,000
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Property Description
100 FT Waterfront on Massalina Bayou - Rare Opportunity! Best Opportunity in the Cove! 🌊 Deep Water Access | Private Boat Launch | Existing Dock 🚤 Cruise from your backyard past the Bay County Courthouse, under the Tarpon Dock drawbridge, through St. Andrews Bay and straight into the Gulf of Mexico! Fishermen, take note: two deep water fishing boats have docked here in the past! 📍 Located in The Cove - A Beloved, Golf Cart-Friendly Community! Enjoy holiday parades, neighborhood events, and stunning sunsets just minutes from vibrant downtown Panama City. Close to Ascension Hospital, schools, churches, dining, and shopping. Property Features: .75 Acres | 100 FT Waterfront | High & Dry Lot 2 Homes Included! Main Home: ~2,600 sqft heated/cooled (approx. 2,900 sqft under roof) Cottage: 1 Bed, 1 Bath - Move-in Ready Main Home Highlights: 🏠 4 Bedrooms | 3 Bathrooms | 2-Story Brick Homestead Incredible water views from the panoramic window seat in the living room, with a cozy fireplace backdrop Original hardwood flooring in all bedrooms and hallways Mixed flooring throughout including ceramic tile, terrazzo, and mosaic in living areas Spacious layout with tons of potential - ready for your personal touch and coastal lifestyle renovations Cottage Features: 🌴 Charming, Renovated Guest House 1 Bedroom, 1 Bath New flooring and windows Washer/dryer hookup Hardwood floors and full kitchen Open-concept living/dining area Beachy vibes throughout - ideal guest home or live-in opportunity while updating the main house Easy access via back paved alley - perfect for boat or camper parking (note: camper/boat in photos not included in sale) 🛑 Never Before on the Market - 1 Family Home 📅 Showings require 24-hour notice 📣 Opportunity is knocking - schedule your tour today!
Full Property Details
Full Property Details for 326 Massalina Dr
General
- Sold For: $525,000
- Taxes: $1,376 (2023)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 765914
- Added to Site: 223 day(s) ago
Interior
- Number of Rooms: 17
- Interior Features: Entrance Foyer, Utility Room
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 5
Location
- County: Bay
- Subdivision: Sudduths 1st Add
- Driving Directions: From the Bay County Courthouse, go across the Massalina Bridge on 4th St., turn right onto Massalina Drive, follow Massalina Dr. around Massalina Bayou to 326 Massalina Dr on your left.
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Utilities
- Utility Description: Sewer Available
Structural Information
- Architectural Style: Ranch
- Stories/Levels: 1
- Sq. Ft. Source: Appraiser
- Year Built: 1950
Lot Features
- Lot Size (Acres): 0.75
- Lot Size (Sq. Ft.): 32,496
- Lot Size: .75
- Lot Dimensions: 110 x 325
Water Features
- Water Front: Yes
- Water Front Desc.: Bayou
- Water Front View: Bayou
Financial Considerations
- Tax Amount: $1,376
- Tax Year: 2023
Disclosures and Reports
- Legal Description: SUDDUTHS 1ST ADD. LOTS 28 & 29 BLK 19 ORB 1229 P 565 ORB 2279 P 2019 MAP 105C2
- Property ID: 20594-000-000
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Schools
Schools serving 326 Massalina Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Merriam Cherry Street Elementary School 1125 Cherry Street, Panama City, FL 32401 | PK-5 | 0.6 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 1.5 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 326 Massalina Dr
Date
Details
Price
Change
Source
10/17/2025
Sold
$525,000
-19.11%
MLS
8/19/2025
Price Reduced
$649,000
-5.12%
MLS
6/24/2025
Price Reduced
$684,000
-2.15%
MLS
12/06/2024
Listed
$699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
326 Massalina Drive, Panama City, FL 32401 (MLS# 765914) is a Single Family property that was sold at $525,000 on October 17, 2025. Want to learn more about 326 Massalina Drive? Do you have questions about finding other Single Family real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

