Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    6

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Other Exterior Features

    Balcony, Private Yard, Outdoor Kitchen

  • Parking

    Attached Carport, Covered

  • Patio and Porch Features

    Deck, Porch

  • Pool

    No

  • Waterfront YN

    YES

  • View

    Bay

Area & Lot

  • Lot Features

    Corner Lot, Waterfront

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Craftsman

Price

  • Sales Price

    $865,000

  • Zoning

    Resid Multi-Family, Resid Single Family

  • Sq. Footage

    2,988

  • Price/SqFt

    $289

HOA

  • Association

    No

School District

  • Elementary School

    Cherry Street

  • Middle School

    Jinks

  • High School

    Bay

Property Features

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Bay

Elementary School

Cherry Street

Middle School

Jinks

High School

Bay

Listing Courtesy of Mike Herring , Keller Williams Realty SRB

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$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

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Related Properties

New on site 1 day ago
Welcome to 405 Hollis Avenue, a charming property located deep in the heart of The Cove, one of Panama City's most established and sought-after neighborhoods. Set just minutes from the Yacht Club, Downtown Panama City, and Holy Nativity School, this home offers a rare combination of character, quality construction, and flexible additional space, perfectly suited for comfortable everyday living and entertaining.

Built solid with a concrete block construction, this home has been extensively and thoughtfully updated from top to bottom. Recent improvements include spray foam insulation under the home and at the roof decking, a new AC system with all new ductwork, all-new plumbing throughout the house, and all-new electrical. A tankless gas water heater and new lighting and plumbing fixtures round out a home that's been modernized for efficiency and peace of mind, while still holding onto the character that makes Cove homes so desirable.

The main residence features 4 bedrooms and 2 bathrooms, anchored by a chef-ready kitchen finished with Taj Mahal quartz countertops, sleek matte white appliances, a natural gas cooktop, and a convenient butler's pantry. The owner's suite is a true retreat, featuring vaulted ceilings and rich hardwood oak flooring that carries the home's warm, established character throughout.

Step outside and discover one of the property's standout features -- a private heated saltwater pool surrounded by a spacious backyard that's ready for summer afternoons, weekend gatherings, and outdoor entertaining year-round.

Adding even more versatility is the separate 664-square-foot granny flat, featuring 2 bedrooms and 1 bathroom, its own washer/dryer hookup, and a private separate entrance. This additional space is ideal for visiting family and friends, a private home office, hobby space, rental income potential, or extended living accommodations.

Situated in the heart of The Cove, 405 Hollis Avenue puts you just minutes from Downtown Panama City, St. Andrews Bay, the Yacht Club, Holy Nativity School, parks, restaurants, shopping, and waterfront activities. With a fully updated main home, private heated saltwater pool, and a separate 664-square-foot granny flat all on one property, this is a unique opportunity to enjoy one of Panama City's most beloved neighborhoods.

Come experience the character, craftsmanship, and lifestyle that make 405 Hollis Avenue a special place to call home.
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Unique piece of paradise tucked away in a quiet, tranquil neighborhood directly across the bay from Tyndall Air Force Base. This well-maintained and updated 3-bedroom, 2-bath ranch-style home offers a comfortable layout with a separate living room, formal dining room, bonus den, and enclosed heated and cooled sunroom. Oversized laundry room provides storage with easy access.  The primary bedroom has a bay view and it's own private entry.  The nearly half-acre property features 95 feet of bay frontage with Gulf access, creating the perfect setting for waterfront living. Relax on the deck at the water's edge, fish, watch dolphins play, or simply enjoy the peaceful natural surroundings. A fish-cleaning station is conveniently located at the waterfront. The long driveway and additional parking along the property line provide plenty of space for a boat, jet skis, camper, and other recreational toys. A public boat launch is less than 2 miles away. Solar panels will be paid in full at closing, helping provide the new owners with a lower monthly power bill. Conveniently located just minutes from Tyndall Air Force Base and approximately 15 minutes from downtown Panama City, this property offers the perfect combination of peaceful waterfront living and easy access to shopping, dining, entertainment, and work. Bayfront properties with this much land, parking, and Gulf access are a rare find!
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Rarely Available Summerhouse ''Wraparound'' Condo - Unmatched Gulf Views! Don't miss your chance to own one of the most coveted floor plans at Summerhouse--the highly sought-after wraparound unit. These rarely come on the market, and it's easy to see why. If breathtaking views are a priority, this condo delivers like no other along Panama City Beach. Offering an unobstructed 180-degree panoramic view of the Gulf, you'll enjoy sweeping vistas from sunrise to sunset. The expansive 61-foot balcony and floor-to-ceiling windows that span the entire beachfront side of the unit provide incredible light and scenery throughout the day. No neighboring buildings block your view--just endless sky and water. And with the unique wraparound layout, you can nearly always find a spot sheltered from the wind while still enjoying the sights and sounds of the Gulf. This oversized 2-bedroom, 2-bath condo features two Gulf-front master suites and a generous, open-concept living area ideal for relaxing or entertaining. The kitchen is fully equipped and recently updated with modern countertops, backsplash, hardware, and cabinetry, plus a large pantry and plenty of workspace--perfect for both gourmet meals and easy beach snacks. Nicely furnished and tastefully accented. If you're seeking rental income, wraparound units like this are among the most requested by vacationers and perform exceptionally well. Summerhouse has earned a long-standing reputation as a beloved, family-friendly resort, with many guests returning year after year for over three decades. Amenities include two pools (one heated), a kiddie pool, hot tub, Gulf-front gazebo, BBQ area with gas and charcoal grills, and courts for tennis, pickleball, racquetball, and shuffleboard. There's also a handicap-accessible beach ramp, an owners' lounge, and onsite HOA and rental offices. Located on Thomas Drive, you're just minutes from St. Andrews State Park, popular restaurants, grocery stores, shops, and the marina at Grand Lagoon. The convenient 4th floor location offers the ideal elevation for privacy, stunning views, and easy access--perfect for a family getaway or high-end vacation rental. And yes, you'll enjoy spectacular sunrises and sunsets year-round--this is coastal living at its best.
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Store the boat inside. Protect the vehicles. Create the ultimate workshop. Come home from the water, throw open the doors, invite your friends over, and enjoy a property built around the way you actually want to live.

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The private primary suite offers a generous bedroom and an ensuite bath with double vanities, a garden tub, separate shower, and walk-in closet. Two additional bedrooms are located on the opposite side of the home for added privacy.

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