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.
New construction
$835,000
401 Massalina Dr, Panama City, FL 32401
3beds
1,776sqft
Single Family Residence
Built in 2025
6,098 Square Feet Lot
$801,100 Zestimate®
$470/sqft
$-- HOA
What's special
Large islandBeautiful deckingGas stoveExtra storageTankless water heaterDouble vanity sinkNew custom landscaping
- 60 days
- 509
- 33
Zillow last checked:
Listing updated:
Listed by:
Mike S Herring 850-321-0917,
Keller Williams Realty Emerald
Source: CPAR,MLS#: 792157
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Den, Family Room, Full Bath, Living Room, Primary Bedroom
Primary bedroom
- Description: Main House
- Level: First
- Dimensions: 12 x 12
Bedroom
- Level: Second
- Dimensions: 13 x 10
Bedroom
- Level: Second
- Dimensions: 13 x 10
Den
- Level: Second
- Dimensions: 7 x 10
Family room
- Level: Second
- Dimensions: 21 x 13
Other
- Level: First
- Dimensions: 8 x 8
Living room
- Level: First
- Dimensions: 8 x 11
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Gas Range, Tankless Water Heater
Features
- Double Vanity, Interior Steps, Main Level Primary, Walk-In Closet(s)
Interior area
- Total structure area: 1,776
- Total interior livable area: 1,776 sqft
Property
Features
- Patio & porch: Covered, Porch
- Has private pool: Yes
- Pool features: Electric Heat, In Ground, Private
- Has view: Yes
- View description: Bayou
- Has water view: Yes
- Water view: Bayou
- Waterfront features: Bayou, Seawall
- Frontage length: 60
Lot
- Size: 6,098 Square Feet
- Dimensions: 60.0 ft x 100.0 ft
- Features: Sprinkler System, Paved
Details
- Parcel number: 20456010000
- Zoning description: Resid Single Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Single Family Residence
Materials
- HardiPlank Type
- Roof: Metal
Condition
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Cove
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $470/sqft
- Tax assessed value: $48,296
- Annual tax amount: $786
- Date on market: 7/2/2026
- Cumulative days on market: 61 days
Estimated market value
$801,100
$761,000 - $841,000
$2,583/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Listed for sale | $835,000-5.9%$470/sqft |
Source:  CPAR #792157 Report a problem | ||
| 11/3/2025 | Listing removed | $887,000$499/sqft |
Source: BHHS broker feed #772828 Report a problem | ||
| 6/3/2025 | Listed for sale | $887,000$499/sqft |
Source: CPAR #772828 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $786 +356.6% | $48,296 +70.6% |
| 2023 | $172 -30.1% | $28,303 +3% |
| 2022 | $246 | $27,479 |
| 2021 | -- | -- |
| 2020 | $205 -20.6% | $26,311 -35.8% |
| 2019 | $258 | $40,992 -36.6% |
| 2018 | $258 -44.8% | $64,616 +2.1% |
| 2017 | $468 +2% | $63,287 +2.1% |
| 2016 | $459 -3.2% | $61,985 +0.7% |
| 2015 | $474 | $61,554 +0.8% |
| 2014 | $474 | $61,065 +1.5% |
| 2013 | -- | $60,163 -1.3% |
| 2012 | -- | $60,932 +6.1% |
| 2011 | -- | $57,434 +1.5% |
| 2010 | -- | $56,585 +2.7% |
| 2009 | -- | $55,097 +0.1% |
| 2008 | -- | $55,042 +3% |
| 2007 | -- | $53,437 +2.5% |
| 2006 | -- | $52,134 +3% |
| 2005 | -- | $50,616 +3% |
| 2004 | -- | $49,142 +11% |
| 2003 | -- | $44,279 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 32401
Nearby schools
Schools provided by the listing agent
- Elementary: Cherry Street
- Middle: Jinks
- High: Bay
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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