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$1,700,000

ATTENTION!! 3 SEPARATE STRUCTURES, 2 SEPARATE PARCELS, 1 AWESOME PRICE!! Zoned for short term and long term rental. Waterfront on Massalina Bayou! Main House: Amazing 3-bedroom 2-bath with den/office *new construction*. 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 w/ice maker and wine cooler. Living/dining walk 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. 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. 405 Massalina Drive: Carriage House plus Quadplex/Fourplex: $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. 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 or $85,200 per year. 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.

10 Beds ⋅ 8 Baths ⋅ 792227 MLS

ATTENTION!! 3 SEPARATE STRUCTURES, 2 SEPARATE PARCELS, 1 AWESOME PRICE!! Zoned for short term and long term rental. Waterfront on Massalina Bayou! Main House: Amazing 3-bedroom 2-bath with den/office *new construction*. 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 w/ice maker and wine cooler. Living/dining walk 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. 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. 405 Massalina Drive: Carriage House plus Quadplex/Fourplex: $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. 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 or $85,200 per year. 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.

401 & 405 Massalina Drive, Panama City

Listing courtesy of Keller Williams Realty Emerald.

$865,000

$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.

7 Beds ⋅ 6 Baths ⋅ 792225 MLS

$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.

405 Massalina Drive, Panama City

Listing courtesy of Keller Williams Realty Emerald.

$835,000

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.

3 Beds ⋅ 2 Baths ⋅ 792157 MLS

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.

401 Massalina Drive, Panama City

Listing courtesy of Keller Williams Realty Emerald.

$365,000

New Roof to be installed prior to closing! Welcome to this beautifully maintained 3-bedroom, 2-bath home located in one of Panama City's most sought-after communities, The Cove. This charming residence offers comfortable living spaces, timeless character, and a prime location close to everything the area has to offer. Inside, you'll find a spacious living area filled with natural light, a primary suite with a private en-suite bath, and an additional bedroom featuring its own en-suite bathroom, ideal for guests or multi-generational living. Exterior features include a large covered parking area, a screened porch perfect for relaxing or entertaining, and a spacious garage with room for parking, storage, or workshop space. The fully privacy-fenced backyard provides plenty of room to enjoy outdoor living. Nestled in a quiet, walkable neighborhood known for its classic charm and community feel, this home is conveniently located near shopping, dining, entertainment, and boutique shops along Harrison Avenue, all just a short golf cart ride away. Easy access to both Tyndall Air Force Base and the Navy Base, plus less than a 30-minute drive to Panama City Beach, make this location hard to beat. Don't miss your opportunity to own a home in the heart of The Cove!

3 Beds ⋅ 2 Baths ⋅ 789874 MLS

New Roof to be installed prior to closing! Welcome to this beautifully maintained 3-bedroom, 2-bath home located in one of Panama City's most sought-after communities, The Cove. This charming residence offers comfortable living spaces, timeless character, and a prime location close to everything the area has to offer. Inside, you'll find a spacious living area filled with natural light, a primary suite with a private en-suite bath, and an additional bedroom featuring its own en-suite bathroom, ideal for guests or multi-generational living. Exterior features include a large covered parking area, a screened porch perfect for relaxing or entertaining, and a spacious garage with room for parking, storage, or workshop space. The fully privacy-fenced backyard provides plenty of room to enjoy outdoor living. Nestled in a quiet, walkable neighborhood known for its classic charm and community feel, this home is conveniently located near shopping, dining, entertainment, and boutique shops along Harrison Avenue, all just a short golf cart ride away. Easy access to both Tyndall Air Force Base and the Navy Base, plus less than a 30-minute drive to Panama City Beach, make this location hard to beat. Don't miss your opportunity to own a home in the heart of The Cove!

1806 Tyndall Drive, Panama City

Listing courtesy of Coldwell Banker Realty.

$187,000

Charming Craftsman in The Cove Welcome to one of Panama City's most desirable neighborhoods. This beautiful, move-in ready Craftsman home features many original details that give it timeless character and warmth. Step outside to mature shade trees that keep the yard cool and inviting year-round. You're just a short walk to the revitalized downtown area and the Marina, where dining, shopping, and waterfront views await. Quiet street, rich history, and unbeatable location -- this is Cove living at its best.

3 Beds ⋅ 1 Baths ⋅ 789755 MLS

Charming Craftsman in The Cove Welcome to one of Panama City's most desirable neighborhoods. This beautiful, move-in ready Craftsman home features many original details that give it timeless character and warmth. Step outside to mature shade trees that keep the yard cool and inviting year-round. You're just a short walk to the revitalized downtown area and the Marina, where dining, shopping, and waterfront views await. Quiet street, rich history, and unbeatable location -- this is Cove living at its best.

522 E 4th Court, Panama City

Listing courtesy of FLATFEE.COM.

$270,000

Located in the historical Cove neighborhood, this large home has lots of charm and waiting on some TLC to bring her Back to life. Perfect Location!! Just minutes from downtown Panama City's vibrant dining, shopping, and cultural scene. Large private back yard. Property being sold AS IS.

3 Beds ⋅ 2 Baths ⋅ 789604 MLS

Located in the historical Cove neighborhood, this large home has lots of charm and waiting on some TLC to bring her Back to life. Perfect Location!! Just minutes from downtown Panama City's vibrant dining, shopping, and cultural scene. Large private back yard. Property being sold AS IS.

316 N Cove Boulevard, Panama City

Listing courtesy of MMK Topsell Properties LLC.

$399,000

This charming home sits on a beautiful tree-lined corner lot in the historic Cove neighborhood. Offering 3 bedrooms, 2 bathrooms, and approximately 1,600 square feet, and a brand new AC and duct system, it provides the perfect blend of comfort and coastal living. Enjoy a true taste of the waterfront lifestyle with direct views of St. Andrews Bay just across the street. Bunkers Cove is one of the most exclusive streets in Bay County, and homes here rarely come available--especially at this price point. You'll also love the convenient location, just under a mile from downtown Panama City's vibrant shopping, dining, and entertainment options. Get ready to embrace the Cove lifestyle: Hop on your golf cart, watch breathtaking sunsets from your porch or along Beach Drive, and head downtown for dinner at one of the many local restaurants. The Cove is a truly special place, and living on Bunkers Cove makes it even better.

3 Beds ⋅ 2 Baths ⋅ 788304 MLS

This charming home sits on a beautiful tree-lined corner lot in the historic Cove neighborhood. Offering 3 bedrooms, 2 bathrooms, and approximately 1,600 square feet, and a brand new AC and duct system, it provides the perfect blend of comfort and coastal living. Enjoy a true taste of the waterfront lifestyle with direct views of St. Andrews Bay just across the street. Bunkers Cove is one of the most exclusive streets in Bay County, and homes here rarely come available--especially at this price point. You'll also love the convenient location, just under a mile from downtown Panama City's vibrant shopping, dining, and entertainment options. Get ready to embrace the Cove lifestyle: Hop on your golf cart, watch breathtaking sunsets from your porch or along Beach Drive, and head downtown for dinner at one of the many local restaurants. The Cove is a truly special place, and living on Bunkers Cove makes it even better.

301 Bunkers Cove Road, Panama City

Listing courtesy of Think Real Estate.