USAFLPanama CityCove405 Massalina Dr
Listing image | Image 1

405 Massalina Dr, Panama City, FL

House

For Sale

Listed price in listed location currency (USD).
$865,000

760

MLS® 792225

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Quadruplex
Levels Residential
Size -
Garage 
Taxes 
Days Active 0
Lot Size 0.14 Acres
Approx. Age 2025
MLS® Number 792225

Property Address: 405 Massalina Dr, Panama City, FL, 32401-3729

Average square foot calculated using Size range provided by listing agent.

Description

$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 festivities. Direct views of Massalina Bayou offering serene surroundings and a true coastal lifestyle. Prime location near top shopping, dining, entertainment, and local attractions. This unique combination of parcels provides endless possibilities--multigenerational living, a fully income-producing investment, or use the carriage house a primary residence and rent out the fourplex for excellent rental income. With its unmatched flexibility, new construction quality, and breathtaking bayou views, this property checks all the boxes.
MLS® Number792225
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2025
Basement
Driveway
Garage Spaces
HeatCentral, Electric
A/CCentral Air, Ceiling Fans

Extras

Rooms

Change to metres

Bedroom 1:First Floor10 × 10 ft
Living Room:First Floor10 × 12 ft
Kitchen:First Floor6 × 8 ft
Other:First Floor20 × 20 ft

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 5, 2026List Date
$865,000List Price
  • Commute

Commute

Starting Address
Destination Address
405 Massalina Dr, Panama City, FL

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