- Lori Ann Bugliaro P.A., PA,REALTOR ®
- Tropic Shores Realty
- Helping My Clients Make the Right Move!
- Mobile: 352.585.0041
- Fax: 888.519.7102
- Mobile: 352.585.0041
- loribugliaro.realtor@gmail.com
Contact Lori Ann Bugliaro P.A.
Schedule A Showing
Request more information
- Home
- Property Search
- Search results
- 401 & 405 Massalina Drive, Panama City, FL 32401
Active
Property Photos
- MLS#: 781413 ( Residential )
- Street Address: 401 & 405 Massalina Drive
- Viewed: 120
- Price: $1,850,000
- Price sqft: $394
- Waterfront: Yes
- Wateraccess: Yes
- Waterfront Type: Bayou
- Year Built: 2025
- Bldg sqft: 4698
- Bedrooms: 9
- Total Baths: 7
- Full Baths: 7
- Garage / Parking Spaces: 1
- Days On Market: 91
- Additional Information
- Geolocation: 30.1553 / -85.6553
- County: BAY
- City: Panama City
- Zipcode: 32401
- Subdivision: Bunkers Cove
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
- Provided by: Beach Haven Realty
- DMCA Notice
-
DescriptionAttention!! Attention!! Attention!! 3 separate structures, 2 separate parcels, 1 awesome price!! 401 and 405 massalina drive waterfront opportunity on massalina bayou! Discover an exceptional investment or lifestyle opportunity with 2 separate parcels sold together on the scenic massalina bayou. This rare waterfront package includes a new construction (2025) 3 bed, 2 bath main home with a private pool, a new construction (2025) 2 bed, 1 bath carriage house, and (4) four 1 bed, 1 bath waterfront apartmentsall positioned to generate immediate short term or long term income. Property features: main residence (new construction), 3 bedrooms 2 bathrooms, private pool with water views, scheduled to be fully furnished within the next few weeks. Turn key as a primary residence or ready for both short and long term rentals. High end finishes and thoughtful coastal design throughout carriage house (new construction). 2 bedrooms 1 bathroom. Currently leased with a 6 month tenantincome from day one, modern layout with premium materials and stunning waterfront backdrop. Four waterfront apartments, each unit: 1 bedroom 1 bathroom. Two of the four units currently rented and producing income. Ideal for long term tenants or short term rentals, waterfront setting offers exceptional demand and rental potential additional highlights newly constructed dock connecting both parcels, creating the feel of one expansive waterfront estate. Beautifully manicured landscaping throughout. Direct views of massalina bayou offering serene surroundings and a true coastal lifestyle. Prime location near top shopping, dining, entertainment, and local attractions. This unique combination of parcels provides endless possibilitiesmultigenerational living, a fully income producing investment, or a luxurious primary residence with rental opportunities built in. With its unmatched flexibility, new construction quality, and breathtaking bayou views, 401 & 405 massalina drive is a one of a kind chance to secure a premier waterfront property with incredible income potential. The number of bedrooms , bathrooms, and square footage represented in the listing is a total of all 3 structures that are being offered for sale. All measurements and dimensions to be verified by the buyer.
Property Location and Similar Properties
All
Similar
Features
Waterfront Description
- Bayou
Appliances
- GasRange
- TanklessWaterHeater
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- CentralAir
- CeilingFans
Covered Spaces
- 1.00
Exterior Features
- Dock
- OutdoorKitchen
Garage Spaces
- 1.00
Heating
- Central
High School
- Bay
Insurance Expense
- 0.00
Legal Description
- 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
Levels
- Two
Living Area
- 0.00
Lot Features
- SprinklerSystem
- Paved
Middle School
- Jinks
Area Major
- 02 - Bay County - Central
Net Operating Income
- 0.00
New Construction Yes / No
- Yes
Occupant Type
- Vacant
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Parcel Number
- 20456-010-000 & 20456-000-000
Pet Deposit
- 0.00
Pool Features
- Gunite
- InGround
- Private
Property Type
- Residential
Road Frontage Type
- CityStreet
School Elementary
- Cherry Street
Security Deposit
- 0.00
Sewer
- PublicSewer
Tax Year
- 2024
The Range
- 0.00
Trash Expense
- 0.00
Utilities
- SewerAvailable
View
- Bayou
Views
- 120
Year Built
- 2025
Disclaimer: All information provided is deemed to be reliable but not guaranteed.
Listing Data ©2026 Greater Fort Lauderdale REALTORS®
Listings provided courtesy of The Hernando County Association of Realtors MLS.
Listing Data ©2026 REALTOR® Association of Citrus County
Listing Data ©2026 Royal Palm Coast Realtor® Association
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Display of MLS data is usually deemed reliable but is NOT guaranteed accurate.
Datafeed Last updated on February 8, 2026 @ 12:00 am
©2006-2026 brokerIDXsites.com - https://brokerIDXsites.com
Sign Up Now for Free!X
Call Direct: Brokerage Office: Mobile: 352.585.0041
Registration Benefits:
- New Listings & Price Reduction Updates sent directly to your email
- Create Your Own Property Search saved for your return visit.
- "Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.
Already have an account? Login to your account.
