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401 Massalina Drive
Panama City, FL 32401

$835,000 - Status: Active
Bed Icon Beds: 3
Bath Icon Baths: 2 full
Sq Feet Icon SQFT (H&C): 1,776
MLS Icon MLS# 1006985

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.

Property Features

MLS#: 1006985
Zip: 32401
Subdivision: Cove The
Development: 27 - Bay County
Property Type: Residential - Single Family
Cooling: Central Air
Days on Site: 6
Fenced: Yes
Heating: Central
Home Style: Craftsman Style
Lot Size:
Stories: 2.0
Year Built: 2025
SQFT (H&C): 1,776

Feature Descriptions

Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric, Water Heater - Gas, Water Heater - Tnkls
Carport Spaces: 2
Exterior: Balcony, Fenced Back Yard, Summer Kitchen
Exterior: Siding CmntFbrHrdBrd
Lot Description: Bulkhead/Seawall, Corner, Within 1/2 Mile to Water
Lot Dimensions: 60x100
Parcel Number: 20456-010-000
Parking: Carport Attached, Covered
Patio/Porch: Deck Open, Porch Open
Pool Features: Pool Type
Property Condition: Construction Complete
Road Frontage: City Street
Road Surface: Paved
Rooms Total: 6
Sewer: Public Sewer
Special View Info: Bayou, Bay
Sub Type: Detached Single Family
Utilities: Electric, Public Water, TV Cable
Waterfront: Bayou
Window: Window Treatment All

Local Schools

High School: Bay
Middle School: Jinks
Elementary School: Cherry Street

401 Massalina Drive | MLS# 1006985

This single family home located at 401 Massalina Drive, Panama City, FL 32401 is currently listed for sale with an asking price of $835,000. This property was built in 2025 and has 3 bedrooms and 2 full baths with 1776 sq. ft. Massalina Drive is located in the COVE THE subdivision. Search COVE THE real estate on treynolds.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty SRB

Shown By

Agent Name: Tasha Reynolds
Agent Phone: (334) 447-2194
Agency Title: Beachy Beach Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 07/12/2026. The listing information on this page last changed on 07/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 07/12/2026 6:42:02 AM EST) or Emerald Coast MLS (last updated Sun 07/12/2026 6:29:34 AM EST) or Central Panhandle Association of Realtors (last updated Sun 07/12/2026 1:17:16 AM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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