Cove The Homes with True Waterfront

Cove The Homes with True Waterfront

Welcome to Cove The, a picturesque subdivision nestled in the heart of Panama City, Florida, within the charming Bay County. This idyllic community is a hidden gem, offering residents the perfect blend of coastal living and suburban tranquility. With its prime location just moments away from stunning beaches, vibrant local shops, and delectable dining options, Cove The embodies the quintessential Florida lifestyle.

One of the standout features of this subdivision is its true waterfront homes. Imagine waking up each morning to breathtaking views of shimmering waters and the soothing sounds of waves gently lapping at the shore. These homes are designed to take full advantage of their stunning surroundings, with expansive windows and outdoor living spaces that invite you to soak in the beauty of nature. Whether you’re sipping your morning coffee on a private deck or hosting a sunset gathering with friends, every moment spent here feels like a vacation.

Cove The is not just about beautiful homes; it’s also a community that fosters connection and camaraderie among its residents. With well-maintained parks, walking trails, and a welcoming atmosphere, families and individuals alike will find a place to call home. The blend of serene waterfront views and a friendly neighborhood vibe makes Cove The an ideal choice for those seeking both relaxation and a sense of belonging.

If you're dreaming of a life where you can enjoy the beauty of waterfront living while being part of a vibrant community, Cove The is the perfect place to make those dreams come true. Explore the possibilities that await you in this enchanting Panama City subdivision!

Newest Cove The Homes with True Waterfront

401 Massalina Dr, Panama City
$835,000
3 Beds ⋅ 2 Baths ⋅ 1006985 MLS ⋅ 1,776 SqFt.
Waterfront masterpiece with deep water access to the Bay and the Gulf of Mexico. This property is the most versatile home in Panama City with virtually unlimited uses. Perfect for a primary residence or second home. Also, the potential for massive short term rental opportunity exists. Sold fully furnished with all new furnishings. 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. Built in 2025, this 3-bedroom 2-bathroom with den/office offers gorgeous views from covered porches on both floors. First floor has open kitchen with Forno Italian stainless appliances, large Island, gas stove, double door refrigerator with ice maker and wine cooler. The living / dining walks out large sliding doors to covered porch, outdoor Thor stainless summer kitchen and pool/bayou views. 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. 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.

401 Massalina Dr, Panama City
405 Massalina Dr, Panama City
$865,000
7 Beds ⋅ 6 Baths ⋅ 1006983 MLS ⋅ 2,988 SqFt.
$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 because he takes care of the lawn and pool - you could charge $1450); Apartment 4 (Josh) = $1450 per month Total income = $7100 per month. New custom landscaping and 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. 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 use the carriage house a primary residence and rent out the fourplex for excellent rental income. With its unmatched flexibility, new construction quality, and breathtaking bayou views, this property checks all the boxes.

405 Massalina Dr, Panama City
401 & 405 Massalina Dr, Panama City
$1,700,000
10 Beds ⋅ 8 Baths ⋅ 1006980 MLS ⋅ 4,856 SqFt.
ATTENTION!! 3 SEPARATE STRUCTURES, 2 SEPARATE PARCELS, 1 AWESOME PRICE!! Zoned for short term and long term rental. Waterfront on Massalina Bayou! Main House: Amazing 3-bedroom 2-bath with den/office *new construction*. Gorgeous views from covered porches on both floors. First floor has open kitchen with Forno Italian stainless appliances, large Island, gas stove, double door refrigerator w/ice maker and wine cooler. Living/dining walk out large sliding doors to covered porch, outdoor Thor stainless summer kitchen and pool/bayou views. 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.

401 & 405 Massalina Dr, Panama City
Start Your Search

Vendor Member Number : 28166