About This Home

This 3-bedroom, 2-bathroom single family at 401 Massalina Drive in Panama City, FL is listed for $793,000 ($447 per sqft). Built in 2025, the home offers 1,776 sqft of living space on a N/A lot.

Key Features

  • Built in 2025
  • 2 stories
  • 2 parking spaces
  • Waterfront

Property Details

2 stories
2 full
2 spaces
2025

Amenities

WaterfrontA/C
Listing Description

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.

Monthly Cost Estimate

$4,241/mo

20% down · 6.5% · 30 years

Principal$574
Interest$3,436
Insurance$231

Estimates only. Actual payments may vary.

Location

401 Massalina Drive

Panama City, FL 32401

COVE THE

Features & Amenities

Exterior Features

BalconyFenced Back YardSummer Kitchen

Property Details

Construction

Siding CmntFbrHrdBrd

Outdoor Features

PorchDeck

Parking

CoveredCarport

Heating

Central

Cooling

Central Air

Appliances

DishwasherDisposalMicrowaveRefrigeratorStove/Oven ElectricWater Heater - GasWater Heater - Tnkls

Questions & Answers

This 3-bedroom, 2-bathroom single family at 401 Massalina Drive is listed at $793,000 ($447/sqft). The estimated monthly payment is $4,241 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2025, 2 stories, 2 parking spaces, Waterfront. Exterior Features: Balcony, Fenced Back Yard, Summer Kitchen.

This property is listed by Mike Herring.

MH

Mike Herring

License 3256219

Agent at Keller Williams Realty- Emerald Coast

Listed by Keller Williams Realty- Emerald Coast · Broker phone: (850) 654-2900 · View on Broker Site · Broker website

MLS# 1006985· Source: Emerald Coast Association of Realtors· 117 days on PropertySimple

Copyright © 2026 Emerald Coast 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.

401 Massalina Drive, Panama City, FL 32401

Open this listing in: