Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Other Exterior Features

    Dock

  • Pool

    No

  • Waterfront YN

    YES

Area & Lot

  • Lot Features

    Waterfront

  • Lot Size(acres)

    0.49

  • Lot Size(square feet)

    21,344

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Florida Cottage

Price

  • Sales Price

    $600,000

  • Tax Amount

    $1,546.61

  • Zoning

    Resid Single Family

  • Sq. Footage

    2,114

  • Price/SqFt

    $283

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

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Bay

Elementary School

Cherry Street

Middle School

Jinks

High School

Bay

Listing Courtesy of Sostheim Group, Corcoran Reverie SRB

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Discover an incredible WATERFRONT opportunity in the Cove on Massalina Bayou! This home is full of original character and ready for its next chapter. Whether that's a loving restoration for the Buyer who thrives on bringing a classic back to life, or a blank canvas to build the waterfront masterpiece you've been dreaming of. Sitting on .49 acres, this homesite is 95' wide by 225' deep and has endless possibilities.

The homesite offers 95' water frontage, .49 acres, alley access and high elevation. This is a setting that's nearly impossible to find in the Cove neighborhood. Enjoy the best of Cove living with walkable access to the neighborhood's waterfront parks, oak-tree lined streets and tight-knit community, plus just minutes to downtown Panama City's restaurants, marina, and events. Launch the boat, cruise on the golf cart to dinner, and watch sunsets from your yard. 

Bring your vision, your contractor, and your imagination. Build your dream home or renovate and restore! Enjoy alley access on this waterfront homesite where a mother-in-law suite or an income producing unit is highly desired. Build a garage for all the tools, projects and cars. Fix it, flip it or demo it. The choice is yours! 

This property is being sold as-is. The house and dock are in need of repair/demolition. Buyer to verify all details.

321 Massalina Drive

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NEW LOWER PRICE AND A VERY MOTIVATED SELLER!!!!!!! PRICED BELOW THE BUILDERS COST....WITH SOOOOOO MANY UPGRADES!!! Welcome to this STUNNING, thoughtfully designed, BETTER THAN NEW home in one of Panama City's most sought-after communities.

This beautifully UPGRADED residence combines modern luxury with everyday functionality. It has FABULOUS tile flooring, enhanced lighting fixtures, designer ceiling fans throughout, upgraded front porch lighting, custom blinds, and a spacious screened-in porch perfect for enjoying Florida's year-round outdoor living.

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Major improvements from 2024-2026 include a new roof, all-new bedroom windows, a new sewer connection, a newly constructed staircase to the loft (both windows and staircase upgraded to meet fire-safety requirements), a new front deck, and refreshed outdoor spaces with pavers and decorative rock landscaping. Over $50,000 in rental earnings reinvested right back into the property!

And the sellers didn't stop there! Four Wi-Fi-controlled mini-split systems installed to provide individualized guest comfort while reducing reliance on central AC. Interior improvements include fully renovated bathrooms, an upgraded kitchen, an updated interior staircase designed to meet fire-safety requirements, front and side doors, and upgraded smart locks in 2025.
The location is amazing! Approximately 2 miles from Tootsie's Orchid Lounge, just over a mile from Schooners, and within walking distance of local coffee shops, sport bars, restaurants, beach rentals, and more! Enjoy easy access to the beach, dining, entertainment, and everything that makes Panama City Beach a favorite coastal destination.
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This Gulf-front corner unit at Shores of Panama combines established rental history, sweeping coastal views, updated interiors, and convenient parking.

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Welcome to Sunrise Beach Resort Unit 1101, a spacious 3-bedroom, 3-bath GULF-FRONT CORNER condo offering the perfect combination of a memorable family retreat, second home, and investment opportunity in the heart of Panama City Beach!

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For buyers looking for a property they can enjoy personally while also generating rental income, #1101 offers an established rental history. The condo has generated approximately $60,000 in gross annual rental revenue during stronger historical rental periods, with more recent years closer to the mid-$40,000 range. This provides buyers with an opportunity to enjoy the property as a second home while potentially offsetting ownership expenses when they're away. With a 2021 HVAC and new water heater.

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