401 & 405 Massalina Drive Panama City, FL 32401
- Added:
- Nov 8, 2025
- Days on Market:
- 144
- Last Refresh:
- Apr 1 at 3:06 pm
Property Features for 401 & 405 Massalina Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 9
- Bathrooms
- 7
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 8, Bedroom 7, Bathroom 2, Living Room, Bathroom 1, Bathroom 6, Bedroom 9, Bathroom 5, Family Room, Bedroom 6, Bathroom 7, Bathroom 4, Bedroom 5, Den, Bedroom 4
- Patio and Porch features
- Patio, Porch
- Pool private
- 1
- Exterior features
- Dock, OutdoorKitchen
- Appliances
- GasRange, TanklessWaterHeater
- Standard status
- Active
- APN
- 20456-010-000 & 20456-000-000
- Size
- 4,698 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- TaxYear
- 2024
- TaxDescription
- 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 1052C
- TaxAnnualAmount
- 786
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water front
- 1
Building Details
- Year built
- 2025
- Floors in Building
- 2
- Building materials
- HardiplankType
- Roof type
- Metal
Listing agent Scott Suber License #3380896 (850) 830-3266
Listing office Beach Haven Realty 1611 Dayflower Drive, FL (770) 596-6599
Listing date Nov 8, 2025
MLS# 781413
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Waterfront Property with Income Potential
This waterfront property on Massalina Bayou includes two separate parcels being sold together. The property features three separate structures: a new construction main residence scheduled for completion in 2025, a new construction carriage house also scheduled for completion in 2025, and four waterfront apartments. The main residence will feature 3 bedrooms and 2 bathrooms, a private pool with water views, and is scheduled to be fully furnished. The carriage house has 2 bedrooms and 1 bathroom and is currently leased. The four apartments each have 1 bedroom and 1 bathroom; two of the four units are currently rented. A newly constructed dock connects both parcels. The property is located near shopping, dining, entertainment, and local attractions. The total property size is 4698 square feet on a lot of 0.25 acres. The property offers possibilities for multi-generational living, income-producing investment, or a primary residence with rental opportunities. The property has manicured landscaping and direct views of Massalina Bayou.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.655295
- Latitude
- 30.155345
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Waterfront property featuring multiple residences and income-generating potential in Panama City.
Where is this apartment building located?
The property is located at 401 & 405 Massalina Drive Panama City, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Waterfront property with significant income potential from multiple rental units (four 1‑bed apartments and a 2‑bed carriage house).; New construction (2025) featuring a 3‑bed main house with a private pool and a 2‑bed carriage house.; Expansive waterfront estate with a newly constructed dock, created by combining two separate parcels.
