Cove Homes for Sale

Cove Homes for Sale

Welcome to Cove, a picturesque subdivision nestled in the heart of Panama City, Florida, within Bay County. This charming community offers a perfect blend of tranquility and accessibility, making it an ideal place for families, retirees, and everyone in between. With its lush landscapes and friendly atmosphere, Cove is not just a place to live; it's a lifestyle.

Cove boasts a variety of homes for sale that cater to diverse tastes and budgets. From cozy single-family residences to spacious waterfront properties, you’ll find homes that reflect both comfort and style. Many of these homes feature modern amenities, open floor plans, and beautifully landscaped yards, perfect for entertaining or enjoying peaceful evenings with loved ones. The community is known for its well-maintained streets and welcoming neighbors, creating a sense of belonging that is hard to find elsewhere.

Living in Cove means you are just moments away from the stunning beaches of the Gulf Coast, where you can enjoy sun-soaked days and breathtaking sunsets. Additionally, the area is conveniently located near shopping centers, dining options, and recreational parks, ensuring that everything you need is within reach.

As you explore the homes for sale in Cove, you'll discover a vibrant community that values both relaxation and an active lifestyle. Whether you’re looking to invest in your first home or seeking a serene retreat, Cove in Panama City, FL, offers an inviting environment that feels like home. Come experience the charm of Cove – where your dream home awaits!

Newest Cove Homes for Sale

401 & 405 Massalina Drive, Panama City
$1,700,000
10 Beds ⋅ 8 Baths ⋅ 792227 MLS
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 Drive, Panama City

401 Massalina Drive, Panama City
$835,000
3 Beds ⋅ 2 Baths ⋅ 792157 MLS
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 Drive, Panama City

Start Your Search

Vendor Member Number : 28166