For sale Home

Listed Jul 5, 2026

$793,000 Est. $5,245/mo

401 Massalina Drive

  • 3

    Beds

  • 2

    Baths

  • 1,776

    Sq ft

The story

  • Pool
  • Waterfront

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.

Facts & features

Home type

Home

Year built

2025

Floors

2

Price per sq ft

$447

Included features

  • Pool

    Yes

  • Cooling

    Central Air

  • Heating

    Central

  • Appliances

    Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric, Water Heater - Gas, Water Heater - Tnkls

  • Lot Information

    Bulkhead/Seawall, Corner, Within 1/2 Mile to Water

  • Exterior

    Balcony, Fenced Back Yard, Summer Kitchen

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$5,245 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $4,221
  • Property tax $793
  • Insurance $231

Includes principal, interest, taxes & insurance.

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Listing Broker

Keller Williams Realty SRB

Broker Name

Keller Williams Realty SRB

Agent

Mike Herring