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$835,000

401 Massalina Dr

Panama City, FL
Active
3
Bedrooms
2
Bathrooms
1,776
Square Feet
0.14
Lot Size (acres)
2025
Year Built
94
Days On Market

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.

Listing Information

Listing Updated
08/06/2026
Listed By
Mike S Herring, 8503210917 · Keller Williams Realty Emerald, 8506542900
MLS#
792157
Source
Central Panhandle Association of REALTORS
Status
Active

Facts & Features

Location

Community Information

Address
401 Massalina Dr, Panama City, FL 32401
City
Panama City
County
Bay
Neighborhood
Cove
Zip Code
32401

Architecture

Bedrooms
3
Bathrooms
2
Year Built
2025
Style
Craftsman
Construction Materials
HardiPlank Type
Building Area
1,776 sq. ft.
Roof
Metal
Garage Spaces
0

Features & Amenities

Interior Features
Walk-In Closet(s), Double Vanity
Appliances
Gas Range, Tankless Water Heater
Patio and Porch
Covered, Porch
Cooling
Ceiling Fan(s), Central Air
Heating
Electric

Property Features

Lot Size
0.14 Acres
Lot Features
Waterfront, Paved
Sewer
Public Sewer
Utilities
Natural Gas Available
Zoning
Resid Single Family

Square Footage

Total
1,776 sq. ft.

Tax & Financial Information

List Price
$835,000

Schools

100/100
Palm Bay Elementary School
Elementary · Grades KG–05 · 1.5 mi
City
Panama City
Students
375
Student body
60% White · 17% Black · 13% Two or More Races
Free/reduced lunch
63%
Phone
(850) 215-0770
100/100
Bay Virtual Franchise
7th & Above · Grades KG–12 · 1.7 mi
City
Panama City
Students
80
Student body
86% White · 9% Hispanic / Latino · 5% Black
Free/reduced lunch
11%
Phone
(850) 767-4460
75/100
Palm Bay Preparatory Academy 6-12
High · Grades 06–12 · 1.5 mi
City
Panama City
Students
125
Parent reviews
5.0★ avg · 1 review
Student body
74% White · 11% Hispanic / Latino · 9% Black
Free/reduced lunch
47%
Phone
(850) 215-0770
73/100
Amikids Maritime Academy
High · Grades 09–12 · 0.4 mi
City
Panama City
Parent reviews
5.0★ avg · 1 review
Phone
(850) 919-2213
56/100
Chautauqua Charter School
High · Grades 09–12 · 0.9 mi
City
Panama City
Students
47
Student body
72% White · 19% Black · 6% Hispanic / Latino
Free/reduced lunch
92%
Phone
(850) 785-5056
55/100
Merriam Cherry Street Elementary
Elementary · Grades PK–05 · 0.8 mi
City
Panama City
Students
470
Student body
41% White · 38% Black · 11% Hispanic / Latino
Free/reduced lunch
73%
Phone
(850) 767-1480
54/100
Margaret K. Lewis In Millville
7th & Above · Grades PK–12 · 1.8 mi
City
Panama City
Students
153
Student body
73% White · 12% Black · 9% Two or More Races
Free/reduced lunch
52%
Phone
(850) 767-1792
53/100
Bay Regional Juvenile Detention Center
7th & Above · Grades KG–12 · 0.8 mi
City
Panama City
Students
23
Student body
61% White · 22% Black · 9% Hispanic / Latino
Free/reduced lunch
61%
Phone
(850) 872-4706

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
07/02/2026Listed for sale$835,000

Listed by Mike S Herring · Keller Williams Realty Emerald · 8506542900

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Central Panhandle Association of REALTORS. All rights reserved.

Last Updated: August 6, 2026 at 6:52 PM | Source: Central Panhandle Association of REALTORS | MLS#: 792157

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