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    507 Massalina Dr Panama City, FL 32401

    For Sale
    $125,000

    LAND - Panama City, FL

    Lot size:
    0.13 Acres
    Days on Market:
    86
    Last Refresh:
    Dec 12 at 10:06 am

    Property Features for 507 Massalina Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    20448-010-000
    Lot size
    0.13 Acres

    Utilities

    Water front
    1

    Sugar Shore Properties, LLC (850) 774-0400 [email protected]

    Listing agent Tricia McGrath (850) 774-0400 License #BK0687801

    Listing date Sep 18, 2025

    MLS# 750881 Listing URL

    Copyright © 2025 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 Land in Panama City

    This 0.13-acre land parcel is located in Panama City, Florida, specifically in the Cove area. The property is a deep, wooded lot situated on Massalina Bayou, offering privacy for a waterfront home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.654841
    Latitude
    30.15797

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    FAQs

    What type of property is this?
    Land - Wooded waterfront lot in Panama City's Cove area.
    Where is this land located?
    The property is located at 507 Massalina Dr Panama City, FL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Waterfront home opportunity; - Deep wooded lot offering tucked-in privacy; - Located in the popular Cove area
    (850) 774-0400
    Request Owner's contact information
    507 Massalina Dr Panama City, FL 32401
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    Panama City, FL 32401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    507 Massalina Dr Panama City, FL 32401
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