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$835,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • Updated 3 days ago
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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.

Full Property Details for 401 Massalina Dr

General

  • Price: $835,000
  • Taxes: (2025)
  • Status: Active
  • Type: Single Family
  • Source: Bay_County
  • MLS ID: 792157
  • Updated: 7/5/2026
  • Added to Site: 8 day(s) ago

Interior

  • Number of Rooms: 7
  • Interior Features: Double Vanity, Interior Steps, Main Level Primary, Walk-In Closet(s)
  • Appliances: Gas Range, Tankless Water Heater

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Electric Heat, In Ground, Private

Exterior

  • Porch/Patio/Deck: Covered, Porch

Location

  • County: Bay
  • Subdivision: Cove
  • Driving Directions: US-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

School Information

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

Community

  • Community Name: 02 - Bay County - Central

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Utility Description: Natural Gas Available

Structural Information

  • Architectural Style: Craftsman
  • Construction: HardiPlank Type
  • Roof: Metal
  • Sq. Ft. Source: Plans
  • Year Built: 2025

Lot Features

  • Property View: Bayou
  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 5,663
  • Lot Size: .14
  • Lot Dimensions: 60.0 ft x 100.0 ft
  • Frontage: City Street
  • Lot Features: Sprinkler System, Paved
  • Zoning: Resid Single Family

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Bayou, Seawall
  • Water Front View: Bayou, Seawall

Financial Considerations

  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: SUDDUTHS 1ST ADD. LOT 21 BLDG 8 ORB 4783 P 213 MAP 105C2
  • Property ID: 20456-010-000

Listed by Keller Williams Realty Emerald

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Listing agent

— 401 Massalina Dr —

  • Keller Williams Realty Emerald

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 401 Massalina Dr

School District:Bay County School District
NameGradesDistance
Merriam Cherry Street Elementary School
1125 Cherry Street, Panama City, FL 32401
PK-50.8 mi
Jinks Middle School
600 West 11th Street, Panama City, FL 32401
6-81.3 mi
Bay High School
1200 Harrison Avenue, Panama City, FL 32401
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 401 Massalina Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/02/2026
Listed
$835,000
128.77%
MLS
3/15/2024
Sold
$365,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 401 Massalina Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$786
—
$51,791
7%
2024
$786
357%
$48,296
71%
2023
$172
-14%
$28,303
6%
2021
$200
-19%
$26,679
-3%
2022
$246
23%
$27,479
4%
2021
$200
-22%
$26,311
-36%
2019
$258
-45%
$40,992
-37%
2018
$468
2%
$64,616
2%
2017
$459
—
$63,287
2%
2016
$461
-3%
$61,985
1%
2015
$474
1%
$61,554
1%
2014
$467
8%
$61,065
1%
2013
$431
—
$60,163
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Keller Williams Realty Emerald

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401 Massalina Drive, Panama City, FL 32401 (MLS# 792157) is a Single Family property with 3 bedrooms and 2 full bathrooms. 401 Massalina Drive is currently listed for $835,000 and was received on July 02, 2026. Want to learn more about 401 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.

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