401 Massalina Drive, Panama City, FL 32401 (MLS# 792157)

List Price/SqFt: 470.16

Status: Active

List Date: 2026-06-24

List Price: $835,000

Current Price: $835,000

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: US-98 BUS E/W Beach Drive, turn left on 4th St, right on Oak Avenue, left to W 4th St. cross over bridge. Home is on the left. Corner Massalina Drive and 4th St

Area: 02 - Bay County - Central

Street #: 401

Street Name: Massalina

Street Suffix: Drive

State: FL

Zip Code: 32401

County: Bay

Subdivision: Cove

Parcel ID: 20456-010-000

Legal Description: SUDDUTHS 1ST ADD. LOT 21 BLDG 8 ORB 4783 P 213 MAP 105C2

Acreage: 0.14

Design: Craftsman Style

Lot Size (SqFt): 5663

Apx SqFt(Htd/Cooled): 1776

Construction Status: Construction Complete

SqFt Source: Builders Plans

Lot Dimensions: 60.0 ft x 100.0 ft

New Construction: Yes

Garage Y/N: No

Driveway Spaces: 4

Pool: Yes

Pool Type: Private

Sub-Type: Detached Single Family

Bedrooms: 3

Full Baths: 2

Total Baths: 2

Year Built: 2025

HOA Fee: No

New Buyer Fee: No

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Remarks: 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.

Second: 1

Second: 1

Heated - Electric: 1

Inground: 1

Dishwasher: 1

Disposal: 1

Microwave: 1

Range - Gas: 1

Refrigerator: 1

Water Heater - Tankless: 1

Wine Refrigerator: 1

Breakfast Bar: 1

Floor - Tile: 1

Lighting - Recessed: 1

Pantry: 1

Stairs: 1

Window - Treatment All: 1

Roof - Metal: 1

Siding - Hardie Board: 1

Porch Covered: 1

Sprinkler System: 1

Bulkhead/Seawall: 1

Waterfront Feet: 60

Cash: 1

Conventional: 1

Furnished: 1

First: 1

Landscaped: 1

Waterfront: 1

City Street: 1

Paved Road: 1

Driveway: 1

Resid Single Family: 1

Bedroom: 1

Den: 1

Family Room: 1

Full Bathroom: 1

Living Room: 1

Primary Bedroom: 1

ShowingTime: 1

Cable - Available: 1

Electricity - Connected: 1

Natural Gas - Available: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Bayou: 1

As Is: 1

Other - See Remarks: 1

First: 1

Bayou w/ Gulf Access: 1

First: 1

Second: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

MBath Double Vanity: 1

MBath Shower Only: 1

MBath Walk-In Closet: 1