321 Massalina Drive, Panama City, FL 32401 (MLS# 797324)

Acreage: 0.49

Design: Florida Cottage

Lot Size (SqFt): 21344

Apx SqFt(Htd/Cooled): 2114

Immediate Occupancy: No

Construction Status: Construction Complete

SqFt Source: Prop App Site

Accessory Dwelling Unit: No

Lot Dimensions: 95.0 ft x 225.0 ft

New Construction: No

Garage Y/N: No

Driveway Spaces: 4

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 4

Full Baths: 2

Total Baths: 2

Year Built: 1938

List Price/SqFt: 283.82

Status: Active

List Date: 2026-11-02

List Price: $600,000

Current Price: $600,000

Sub Area: 0203 - Bay - Central SW

Community/Resort: Bunkers Cove

Waterfront: Yes

Gulf Access: Yes

Elementary School: Cherry Street

Middle School: Jinks

High School: Bay

Directions: Heading South on Martin Luther King Jr Blvd, pass Ascension Sacred Heart and drive 0.6 miles. Then, turn right on E Third St. Take first right, turning on Hamilton Avenue. Take first left, turning on Massalina Drive. Home is the 4th on the left.

Area: 02 - Bay County - Central

Street #: 321

Street Name: Massalina

Street Suffix: Drive

State: FL

Zip Code: 32401

County: Bay

Subdivision: Sudduths 1st Add

Parcel ID: 20611-000-000

Legal Description: SUDDUTHS 1ST ADD LOT 11 & NW 20' LOT 10 & SELY1/2 LOT 12 BLK 20 ORB 605 P 336 MAP 105C2

HOA Fee: No

New Buyer Fee: No

Last Taxes: 1546.61

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Remarks: Discover an incredible WATERFRONT opportunity in the Cove on Massalina Bayou! This home is full of original character and ready for its next chapter. Whether that's a loving restoration for the Buyer who thrives on bringing a classic back to life, or a blank canvas to build the waterfront masterpiece you've been dreaming of. Sitting on .49 acres, this homesite is 95' wide by 225' deep and has endless possibilities. The homesite offers 95' water frontage, .49 acres, alley access and high elevation. This is a setting that's nearly impossible to find in the Cove neighborhood. Enjoy the best of Cove living with walkable access to the neighborhood's waterfront parks, oak-tree lined streets and tight-knit community, plus just minutes to downtown Panama City's restaurants, marina, and events. Launch the boat, cruise on the golf cart to dinner, and watch sunsets from your yard. Bring your vision, your contractor, and your imagination. Build your dream home or renovate and restore! Enjoy alley access on this waterfront homesite where a mother-in-law suite or an income producing unit is highly desired. Build a garage for all the tools, projects and cars. Fix it, flip it or demo it. The choice is yours! This property is being sold as-is. The house and dock are in need of repair/demolition. Buyer to verify all details.

Foundation - Off Grade: 1

Roof - Composite Shngl: 1

Dock: 1

Waterfront Feet: 95

Cash: 1

Conventional: 1

Unfurnished: 1

First: 1

Near Public Boat Ramp: 1

Waterfront: 1

Within 1/2 Mile to Water: 1

Alley: 1

Paved Road: 1

Alley Access: 1

Driveway: 1

Resid Single Family: 1

Bedroom: 1

Living Room: 1

Electricity - Connected: 1

Natural Gas - Available: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Bayou: 1

As Is: 1

Bayou w/ Gulf Access: 1

First: 1

Second: 1