Waterfront Quadplex with Carriage
405 Massalina Drive Panama City, FL 32401
New
MULTI_FAMILY - Panama City, FL
Property size:
2,988 SFLot size:
0.14 AcresPrice / SF:
$289/SF- Added:
- Jul 6, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 10 at 11:06 am
Property Features for 405 Massalina Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 7
- Bathrooms
- 6
- Rooms
- Bedroom 3, Bathroom 1, Bathroom 6, Bedroom 5, Bathroom 3, Bedroom 7, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 5, Bedroom 6, Bedroom 1
- Patio and Porch features
- Porch
- Appliances
- GasRange, TanklessWaterHeater
- Standard status
- Active
- APN
- 20456-000-000
- Size
- 2,988 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- SUDDUTHS 1ST ADD. LOT 20 BLK 8 ORB 4783 P 213 MAP 105C2
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water front features
- Seawall
- Water front
- 1
Building Details
- Year built
- 2025
- Building materials
- HardiplankType
- Roof type
- Metal
Listing agent Mike S Herring License #3256219 (850) 321-0917
Listing office Keller Williams Realty Emerald 3925 W County Hwy 30a Suite 1, Destin, FL (850) 654-2900
Listing date Jul 6, 2026
MLS# 792225
Listing URL
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.
Investment Insights
Based on property information with market context.
This property includes a quadplex/fourplex along with a separate carriage house. The listing states the carriage house is fully furnished. The rental income breakdown provided is $1,750 per month from the carriage house and $5,350 per month combined from four units in the quadplex, for total listed income of $7,100 per month ($85,200 per year).
Located at 405 Massalina Drive in Panama City, Florida, the home offers waterfront access with a shared dock described as providing deep-water access to Massalina Bayou and the Bay and Gulf of Mexico. The listing also references decking and a fish cleaning station as part of the dock area. The lot size is listed as 0.14 acres.
This configuration is well suited for owners seeking an income-producing residential setup with multiple separate units plus an additional carriage house that can serve as a flexible option for additional tenants or on-site use. The property also includes boat parking per the listing, which can be an important fit for tenants or residents who prioritize waterfront access and storage convenience.
Located at 405 Massalina Drive in Panama City, Florida, the home offers waterfront access with a shared dock described as providing deep-water access to Massalina Bayou and the Bay and Gulf of Mexico. The listing also references decking and a fish cleaning station as part of the dock area. The lot size is listed as 0.14 acres.
This configuration is well suited for owners seeking an income-producing residential setup with multiple separate units plus an additional carriage house that can serve as a flexible option for additional tenants or on-site use. The property also includes boat parking per the listing, which can be an important fit for tenants or residents who prioritize waterfront access and storage convenience.
Key Highlights
- Under construction with a 2025 build year
- Deep water waterfront with a seawall and shared dock with fish cleaning station
- Rental income stated at $7,100/month ($85,200/year) from carriage house and quadplex/fourplex
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Carriage house and quadplex generate listed rental income and include deep-water dock access for boat parking.
Where is this quadplex located?
The property is located at 405 Massalina Drive Panama City, FL.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Under construction with a 2025 build year; Deep water waterfront with a seawall and shared dock with fish cleaning station; Rental income stated at $7,100/month ($85,200/year) from carriage house and quadplex/fourplex
