• 405 Massalina Drive, Panama City, FL 32401 Main Photo

405 Massalina Drive
Panama City, FL 32401

$865,000

31 Total Photos [Click to View All]

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Listing Details

  • $865,000
  • MLS# 1006983
  • Type Residential - Single Family
  • Status Active
  • 7
    Bedrooms
  • 6 full
    Bathrooms
  • 2,988
    Square Feet
  • 60x100
    Lot Size
  • 2025
    Year Built
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Listed By

Agency Name: Keller Williams Realty SRB

Shown By

Agent Name: William Lamore
Agent Phone: (850) 543-3800
Agency Title: Levin Rinke Realty

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Home Value Estimate

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...read more

Features

  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Stove/Oven Electric
  • Water Heater - Gas
  • Water Heater - Tnkls
  • Central Air
  • Central
  • 2.0 Stories
  • Built in 2025
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Listed By

Agency Name: Keller Williams Realty SRB

Shown By

Agent Name: William Lamore
Agent Phone: (850) 543-3800
Agency Title: Levin Rinke Realty

IDX logo

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/14/2026. The listing information on this page last changed on 07/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 07/14/2026 4:14:25 AM EST) or Pensacola MLS (last updated Tue 07/14/2026 12:13:10 AM EST) or Baldwin County MLS (last updated Tue 07/14/2026 2:31:08 AM EST) or Emerald Coast MLS (last updated Tue 07/14/2026 12:05:22 AM EST) or Navarre Area Board Of Realtors (last updated Mon 07/13/2026 11:48:02 PM EST) or Commercial Exchange (Levin Rinke) (last updated Mon 07/13/2026 7:19:21 PM EST). Real estate listings held by brokerage firms other than Levin Rinke Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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