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321 Massalina Drive
Panama City, FL 32401

$600,000 - Status: Active
Bed Icon Beds: 4
Bath Icon Baths: 2 full
Sq Feet Icon SQFT (H&C): 2,114
MLS Icon MLS# 797324

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.

Property Features

MLS#: 797324
Zip: 32401
Subdivision: Sudduths 1st Add
Development: 0203 - Bay - Central Sw
Property Type: Residential - Single Family
Home Style: Florida
Lot Size: 0.49 acres
Roof Type: Composition, Shingle
Taxes: $1,546
Year Built: 1938
SQFT (H&C): 2,114

Feature Descriptions

Community Features: Short Term Rental Allowed
Exterior Features: Dock
Lot Description: Paved
Lot Dimensions: 95.0 ft x 225.0 ft
Parcel#: 20611-000-000
Parking: Alley Access
Parking Notes: Alley Access
Sewer: Public Sewer
Special View Info: Bayou
Utilities: Natural Gas Available
Waterfront: Bayou

Room Sizes

Bedroom: 1 X 1 Level - Second
Living Room: 1 X 1 Level - First
Bedroom: 1 X 1 Level - Second
Bedroom: 1 X 1 Level - First

Local Schools

High School: Bay
Middle School: Jinks
Elementary School: Cherry Street

321 Massalina Drive | MLS# 797324

This single family home located at 321 Massalina Drive, Panama City, FL 32401 is currently listed for sale with an asking price of $600,000. This property was built in 1938 and has 4 bedrooms and 2 full baths with 2114 sq. ft. Massalina Drive is located in the Sudduths 1st Add subdivision. Search Sudduths 1st Add real estate on lbryan.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Corcoran Reverie

Shown By

Agent Name: Lindy Bryan
Agent Phone: (850) 630-2144
Agency Title: Beachy Beach Real Estate

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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 11/03/2026. The listing information on this page last changed on 11/03/2026. 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 11/03/2026 12:01:47 AM EST) or Emerald Coast MLS (last updated Mon 11/02/2026 11:55:27 PM EST) or Central Panhandle Association of Realtors (last updated Mon 11/02/2026 11:57:22 PM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate 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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