10 Beds
8 Baths
4,856 SqFt
10 Beds
8 Baths
4,856 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,856 sqft
Price per Sqft $350
Subdivision Cove The
MLS Listing ID 1006980
Style Craftsman Style
Bedrooms 10
Full Baths 8
HOA Y/N No
Year Built 2025
Annual Tax Amount $842
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 120x100
Property Sub-Type Detached Single Family
Source Emerald Coast Association of REALTORS®
Land Area 4856
Property Description
Master bedroom and master bath with large custom shower, double vanity sink and walk in closet. Second floor open family room, den/office, large sliding doors to walk to walk out to covered porch overlooking pool/bayou. Two additional bedrooms and one bath. So much to offer with beautifully designed tile flooring throughout, tankless water heater and extra storage. 401 Massalina Drive is under a lease for 5 months with potential for 2 month extension. $3600 per month and includes utilities and pool service. 405 Massalina Drive: Carriage House plus Quadplex/Fourplex: $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. 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 because he takes care of the lawn and pool - you could charge $1450); Apartment 4 (Josh) = $1450 per month; Total income = $7100 per month or $85,200 per year. New custom landscaping and pool to relax and enjoy. Beautiful decking, shared dock with fish cleaning station. Location is easy to access to newly renovated downtown entertainment with shopping, dining, concerts and ongoing festivities.
Location
State FL
County Bay
Area 27 - Bay County
Zoning Resid Multi-Family
Direction US-98 BUS E/W Beach Drive, turn left on 4th St, right on Oak Avenue, left to W 4th St. cross over bridge. Home is on the left. Corner Massalina Drive and 4th St
Rooms
Family Room true
Kitchen true
Interior
Heating Central
Cooling Central Air
Window Features Window Treatment All
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric, Water Heater - Gas, Water Heater - Tnkls
Exterior
Exterior Feature Balcony, Fenced Back Yard, Pool - Gunite Concrt, Summer Kitchen, Gunite Pool, Open Deck, Open Porch, Fenced Backyard, Summer Kitchen, Balcony
Parking Features Carport Attached, Covered
Carport Spaces 2
Pool Pool Type
Utilities Available Electric, Public Water, TV Cable
Waterfront Description Bayou
View Bayou, Bay
Porch Deck Open, Porch Open
Garage No
Building
Lot Description Bulkhead/Seawall, Within 1/2 Mile to Water
Faces US-98 BUS E/W Beach Drive, turn left on 4th St, right on Oak Avenue, left to W 4th St. cross over bridge. Home is on the left. Corner Massalina Drive and 4th St
Story 2
Sewer Public Sewer
Architectural Style Craftsman Style
New Construction No
Schools
Elementary Schools Cherry Street
Middle Schools Jinks
High Schools Bay
Others
Pets Allowed No
Tax ID 20456-010-000
Nearby Locations
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