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Street View
$600,000
Monthly Est:$2,986
4 Beds
2 Baths2 full baths
2,114sqft
321 Massalina Dr, Panama City, FL 32401
$600,000
$2,986/moEst:
Get Pre-Approved
Single Family Residence
Built in 1938
$-- HOA
0.49 acre lot
$284/sq.ft
Description
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.
- Houzeo last checked: 12 hours ago
- Listing updated: November 3, 2026 at 12:24 pm
- Listing Provided by: Sostheim Group (850) 814-4560 | Corcoran Reverie (850) 231-5030
- Source: Bay/Panama City/Central Panhandle MLS-FL | MLS#: 797324
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
Year Built
1938
HOA Fees
-
Finished Area
2,114 sqft
Lot Size
0.49 acre lot
Basement Area
- sqft
MLS Name
Bay/Panama City/Central Panhandle MLS
MLS Number
797324
MLS Status
Active
Days on Market
1
Cumulative Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Bedroom
Level: Second
Area: 1.00 Square Feet
Dimensions: 1 x 1
LivingRoom
Level: First
Area: 1.00 Square Feet
Dimensions: 1 x 1
Bedroom
Level: Second
Area: 1.00 Square Feet
Dimensions: 1 x 1
Bedroom
Level: First
Area: 1.00 Square Feet
Dimensions: 1 x 1
Interior
Exterior Features
Dock
Sewer
Public Sewer
Construction
Year Built
Year Built: 1938
Home type
Single Family Residence
Roof
Composition, Shingle
Architectural Style
Florida
Utilities & Energy
Utilities
Natural Gas Available
Parking Features
Alley Access
Other Features
Lot Features
Paved
Subdivision Name
Sudduths 1st Add
Community Features
Short Term Rental Allowed
Price History
| Date | Event | Price |
|---|---|---|
11/03/2026 Source: | Listed for Sale | $600,000 $284/sqft |
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Based on information from Central Panhandle Association of REALTORS® MLS through Nov 02, 2026, 02:15PM. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2026 Bay Central Panhandle Association of REALTORS®
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