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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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401 Massalina Dr , Panama City, FL 32401
$835,000
Est. Payment: $4,234.96/mo
3 Bed
2 Bath
1776 Sqft
Status: active | Days on site: 32
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

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.

Highlights

Listed by Mike Herring , 850-321-0917 Keller Williams Realty SRB , 850-654-2900. Emerald Coast Multiple Listing Services

Property Type

Residential

Year Built

2025

County

Bay

Area

27 - Bay County

Neighborhood

Cove The

Listing ID

1006985

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric, Water Heater - Gas, Water Heater - Tnkls
Air Cond:Central Air
Fireplaces:

Exterior Features

Lot:Bulkhead/Seawall,Corner,Within 1/2 Mile to Water,Bayou
Lot Dimensions:60x100
Zoning:Resid Multi-Family, Resid Single Family
Others:
  • Additional:Balcony, Fenced Back Yard, Summer Kitchen, Deck Open, Porch Open
Sewer:Public Sewer
Parking Features:Carport Attached,Covered
Principal Interest
$4,235
Taxes
$532

Home Price

$835,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$167,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,234.96

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,234.96 $532.31 $0.00 $4,767.27
Yearly $50,819.55 $6,387.75 $0.00 $57,207.30
Total $1,524,586.48 $191,632.50 $0.00 $1,716,218.98

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Panama City, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T06:32:47.000Z

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