405 Massalina Drive, Panama City, FL 32401

Panama City
Local realty services provided by:Better Homes and Gardens Real Estate Emerald Coast
405 Massalina Drive,Panama City, FL 32401
$865,000
  • 7 Beds
  • 6 Baths
  • 2,988 sq. ft.
  • Single family
  • Active
Listed by: mike herring
Office: keller williams realty srb
MLS#:1006983
Source:FL_ECAR

Price summary

  • Price:$865,000
  • Price per sq. ft.:$289.49

About this home

$7100 per month or $85,200 per year in rental income from the carriage house and quadplex/fourplex. Perfect for a DSCR loan where your rental income pays for your mortgage, plus you get a dock and a place to park your boat on deep water. Waterfront masterpiece with deep water access to the Bay and the Gulf of Mexico. This is the most versatile quadplex/fourplex plus carriage house (comes fully furnished) in Panama City. Here is the rental income breakdown: Carriage house = $1750 per month; Apartment 1 (Civil Contractor) = $1450 per month; Apartment 2 (Realtor) = $1450 per month; Apartment 3 (Property Maintenance Man) = $1,000 per month (reduced because he takes care of the lawn and pool - you could charge $1450); Apartment 4 (Josh) = $1450 per month Total income = $7100 per month. New custom landscaping and beautiful decking, shared dock with fish cleaning station. Location is easy to access to newly renovated downtown entertainment with shopping, dining, concerts and ongoing...

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Home facts

  • Year built:2025
  • Subdivision & Development:COVE THE
  • Listing ID #:1006983
  • Added:78 day(s) ago
  • Updated:September 22, 2026 at 03:00 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:6
  • Full bathrooms:6
  • Rooms Total:9
  • Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric
  • Living area:2,988 sq. ft.

Heating and cooling

  • Central air:Yes

Structure and exterior

  • Year built:2025
  • Building area:2,988 sq. ft.
  • Lot Features:Corner
  • Architectural Style:Craftsman Style
  • Exterior Features:Balcony, Fenced Area, Summer Kitchen

Schools

  • High school:Bay
  • Middle school:Jinks
  • Elementary school:Cherry Street

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$865,000
  • Price per sq. ft.:$289.49

Features and amenities

  • Appliances:Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric

Parking

  • Carport spaces:2
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