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ATTENTION!! ATTENTION!! ATTENTION!!
3 SEPARATE STRUCTURES, 2 SEPARATE PARCELS, 1 AWESOME PRICE!! 401 AND 405 Massalina Drive - Waterfront Opportunity on Massalina Bayou!
Discover an exceptional investment OR lifestyle opportunity with 2 separate parcels sold together on the scenic Massalina Bayou. This RARE WATERFRONT package includes a NEW CONSTRUCTION (2025) 3-bed, 2-bath MAIN home with a private pool, a NEW CONSTRUCTION (2025) 2-bed, 1-bath CARRIAGE house, AND (4) four 1-bed, 1-bath waterfront apartments—all positioned to generate immediate SHORT -TERM or LONG-TERM income. Property Features:

Main Residence (New Construction),

3 Bedrooms • 2 Bathrooms,

Private pool with water views,

Scheduled to be fully furnished within the next few weeks.

Turn-key as a primary residence or ready for both short- and long-term rentals.

High-end finishes and thoughtful coastal design throughout

Carriage House (New Construction).

2 Bedrooms • 1 Bathroom.

Currently leased with a 6-month tenant—income from day one,

Modern layout with premium materials and stunning waterfront backdrop.

Four Waterfront Apartments,

Each unit: 1 Bedroom • 1 Bathroom.

Two of the four units currently rented and producing income.

Ideal for long-term tenants or short-term rentals,

Waterfront setting offers exceptional demand and rental potential

Additional Highlights

Newly constructed dock connecting both parcels, creating the feel of one expansive waterfront estate.

Beautifully manicured landscaping throughout.

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 a luxurious primary residence with rental opportunities built in.
With its unmatched flexibility, new construction quality, and breathtaking bayou views, 401 & 405 Massalina Drive is a ONE-OF-A-KIND chance to secure a premier waterfront property with incredible income potential.
The number of bedrooms , bathrooms, and square footage represented in the listing is a total of all 3 structures that are being offered for sale. All measurements and dimensions to be verified by the Buyer.

Panama City

401 & 405 Massalina Drive

9 Beds

7 Baths

4,698 Sq.Ft.

$1,850,000

MLS#: 781413

Panama City Beach

13005 Oleander Drive

None Beds

None Baths

0.17 acres

$1,850,000

MLS#: 722892

Price Reduced, Beautiful new construction home, and stunning new coastal furniture, Entirely furnished! All windows are High Impact Windows. This includes new washer and dryer as well. Beautiful bedding and bathroom linens included. Less than four blocks from the beach! Five bedrooms all come with a private bathroom and an
extra one-half bath on the main level. Open floor plan living area and kitchen on the main floor with ten-foot ceilings. The living
area opens to a covered porch to enjoy the outdoors. Primary suite on the main level for convenience. Also, a mud room with a
door to the outside for beach traffic. Fully equipped kitchen with gas stove. Upstairs you will find four additional bedrooms plus
an office/bunk room all with ten-foot ceilings. French doors lead to wrap wrap-around balcony to enjoy the gulf breezes.
Oversized garage perfect for extra storage for paddle boards and water toys or even a golf cart. New, freshly landscaped that adds a special touch.

Santa Rosa Beach

79 Elm Street

5 Beds

5 Baths

2,800 Sq.Ft.

$1,850,000

MLS#: 740630

Just 150 steps from private deeded beach access and serene Eastern Lake, this Florida cottage offers a true coastal retreat. Located in the sought-after Summer's Edge community, residents enjoy two community pools (one heated) and convenient proximity to 30A dining, shopping, and entertainment. Extensive updates include new HVACs and water heaters, replacement windows and doors, and fresh paint inside and out. A paved walkway leads to the welcoming front porch, which overlooks a quiet, tree-lined street. Inside, hardwood floors flow through the open-concept living and dining areas. The remodeled kitchen features a new gas stove, sink, microwave, dishwasher, beverage refrigerator, and granite countertops. The island bar and dining space provide plenty of room for gatherings. A half bath and large owner's closet complete the main level. Upstairs, three bedrooms each include a private bath. Two are spacious suites, and the third offers built-in bunks to accommodate six. A laundry room is also located on this floor. The third level adds a queen bedroom with ensuite bath and a large outdoor deck with sunset views. All four bathrooms have been fully remodeled with seamless glass showers, granite vanities, and updated cabinetry and fixtures. Additional features include a paved driveway with parking and easy walkability to nearby Greenway Station, where dining and shopping options await. Neighboring communities such as Seaside, Seagrove, and Rosemary Beach offer additional coastal amenities.

Santa Rosa Beach

107 Chelsea Loop Road

4 Beds

4 Baths

2,136 Sq.Ft.

$1,850,000

MLS#: 987538

Santa Rosa Beach

165 Sand Oaks Circle

4 Beds

4 Baths

2,383 Sq.Ft.

$1,850,000

MLS#: 991569

Live the Margaritaville lifestyle and enjoy the amazing views from all 3 levels of this new construction, 5 bedroom plus bunks, 4 1/2 bath home. Margaritaville Beach Cottage Resort offers homeowners a chance to live the dream of owning at Margaritaville and the opportunity to share that dream with vacationers eager to book a stay here! You'll have a hard time deciding which way to enjoy the water first! You can relax the huge resort pool, take a trip around the 425 ft long lazy river or walk just a few steps to the emerald green waters of the Gulf. The Escape floorplan features 2,943 sf of heated/cooled space perfectly designed to fit your every need.

Panama City Beach

13654 Front Beach Road

5 Beds

4 Baths

2,943 Sq.Ft.

$1,850,000

MLS#: 916158

A modern beach escape that embodies the luxury amenities, coastal living and a sophisticated sense of style found along 30A. Living like a 3 bedroom this condo is located in the heart of Rosemary Beach and just steps from the sugar-white sands of the Gulf, The Orleans' modern elegance seamlessly wrapped in Old World charm created by Architect,Tim McNamara. Exquisitely designed from the inside and out, this unit features beautiful finishes that seamlessly flow from one room to the next. The custom cabinetry and moulding, waxed Calcutta marble tile in entry ways, Caesarstone countertops, fully furnished interior and Wolf appliances with a Sub-Zero refrigerator can be found throughout.

Rosemary Beach

74 Town Hall Road 2B

2 Beds

3 Baths

1,790 Sq.Ft.

$1,850,000

MLS#: 830978

New Price! Custom remodeled in 2008, this retreat is set along the the shoreline of Western Lake in the gated neighborhood of Lakeplace at Grayton Beach. Its unique orientation captures views down the entire length of the rare coastal dune lake towards protected dunes at Grayton Beach State Park. An unobstructed view of the Gulf of Mexico can even be enjoyed from the 2nd floor master suite, office, and guest bedroom, all of which open onto a spacious sun deck. Drop your kayak into the placid waters of South Walton's most explored lake from your private dock, found at the foot of the terraced back yard, and paddle all the way to the beach.

Santa Rosa Beach

227 Wilderness Way

4 Beds

4 Baths

5,403 Sq.Ft.

$1,850,000

MLS#: 726643

It's like a private resort! South of 30A and what you see is what you get!! But you better hurry! Offered to the most discriminating buyer who's looking for value. This spacious, meticulously maintained 4BR, 3Ba home with two living areas is offered 'turnkey' (fully furnished) and is perfect for those looking for a home with plenty of space for the entire family and visiting friends. No need to spend time fixing things or purchasing furnishings to make your new home ready for your family or vacation rental. This home is ready now! An oversized private pool with attached spa, plenty of private off-street parking, and an oversized 2-car garage that will save your car from the salt and sun, with plenty of room left for bikes, beach toys and even a golf cart. if you choose to use the home as a

Santa Rosa Beach

336 Lakeview Drive

4 Beds

3 Baths

2,112 Sq.Ft.

$1,850,000

MLS#: 892921

Destin

4393 Commons Drive

None Beds

None Baths

N/A

$1,850,000

MLS#: 606350

Five Star elegance conveniently located in Seagrove Beach. Park Place on Seagrove is situated approximately 33 feet above sea level only 1.5 miles east of Seaside. This exclusive development only contains 19 condos in a four-level building with amenities that include gated entry, a Gulf-front pool, hot tub, two private pool-side cabanas with fully-equipped summer kitchens, large fitness room, deeded storage lockers, deeded garage parking, beach service and access to over 200 feet of private beachfront. Unit 103 is second floor elevation, with beautiful gulf views. Interior finishes include: private elevator access, limestone floors, contemporary lines, SeiMatic cabinetry, granite counter tops, Sub Zero refrigerator, Wolf appliances, wine cooler, and an extra large gulf side balcony.

Santa Rosa Beach

4128 Co Hwy 30-A UNIT 103

4 Beds

3 Baths

2,176 Sq.Ft.

$1,850,000

MLS#: 738863

Luxury townhome south of 30A. Gated with gulf views, beach access. Over 2,000 square feet plus two car garage. Located in a gated community south of 30A, this beautifully maintained townhome is looking for the perfect owner. Sold fully furnished with some minor exclusions, and is turnkey ready. So whether it be the business savvy investor, the second home searcher, or someone looking for their primary residence, this property has a lot to offer. The plantation shutters, wood flooring throughout, and the inviting patios give you that beach bungalow feel while the granite countertops, lavish bathroom vanities, and ornate fixtures found throughout the home remind you of its elegance. On the 1st floor you will find the first of two guest suites, with private bathroom and owner's walk-in closet.

On the 2nd floor you have the open living and entertaining area with two covered patios and a balcony, as well as a full bathroom with walk-in shower. The kitchen features all stainless steel appliances, granite countertops, and large kitchen island. On the 3rd floor you will find the second guest suite with private bathroom, washer/dryer closet, and your primary suite. The primary suite boasts both a balcony and covered patio with private seating area and Gulf views. The master bath features a walk-in shower as well as a spacious walk-in closet with built-in shelving.

The community of Sunset Beach is located in the larger community of the Villas at Sunset Beach where the owners and visitors of Sunset Beach may use the community pool as well as access the beach. Supremely located south of 30A and between Alys Beach and Rosemary Beach. Easily stroll or ride to nearby restaurants and entertainment. Heading to the West you have the beautiful modern Mediterranean elegance of Alys Beach while heading to the East you can enjoy the lush greenery and European-inspired architecture of Rosemary Beach. Don't wait, make an appointment to show Sunset Beach Unit 1 TODAY!

Inlet Beach

10140 E Co Highway 30A 1

3 Beds

4 Baths

2,062 Sq.Ft.

$1,850,000

MLS#: 989902

Santa Rosa Beach

1158 Mack Bayou Road

5 Beds

4 Baths

2,672 Sq.Ft.

$1,850,000

MLS#: 973591

Panama City Beach

5403 Gulf Drive

None Beds

None Baths

0.29 acres

$1,850,000

MLS#: 988712

#930990

Miramar Beach

3294 Burnt Pine Lane

4 Beds

4 Baths

3,615 Sq.Ft.

$1,850,000

MLS#: 930990

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.

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