Cove The Homes for Sale

Welcome to Cove The, a picturesque subdivision nestled in the heart of Panama City, Florida, within the beautiful Bay County. This charming community is the epitome of coastal living, offering a serene atmosphere complemented by the lush greenery and vibrant surroundings that Florida is known for. Cove The is not just a place to live; it's a lifestyle where neighbors become friends and every day feels like a vacation.

The homes for sale in Cove The are a delightful blend of modern design and classic Florida charm. Each residence boasts spacious layouts, inviting outdoor spaces, and many feature stunning views of the nearby waterways. Whether you’re seeking a cozy family home or a stylish retreat, you’ll find a variety of options that cater to diverse tastes and budgets. Many homes come equipped with contemporary amenities, making them perfect for both relaxation and entertaining.

In addition to the stunning homes, residents of Cove The enjoy easy access to a plethora of local attractions. With beautiful beaches just a short drive away, you can soak up the sun or enjoy water sports at your leisure. The subdivision is also conveniently located near shopping, dining, and recreational activities, ensuring that everything you need is right at your fingertips.

If you’re considering a move to Panama City, Cove The offers an exceptional opportunity to embrace a vibrant community and a relaxed lifestyle. Explore the homes for sale today and discover your dream home in this enchanting subdivision. The perfect blend of comfort, convenience, and coastal charm awaits you!

Newest Cove The Homes for Sale

$835,000

3 Beds ⋅ 2 Baths ⋅ 1006985 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 Dr, Panama City

Listing courtesy of Keller Williams Realty SRB.

$865,000

7 Beds ⋅ 6 Baths ⋅ 1006983 MLS

$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

Listing courtesy of Keller Williams Realty SRB.

$1,700,000

10 Beds ⋅ 8 Baths ⋅ 1006980 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 Dr, Panama City

Listing courtesy of Keller Williams Realty SRB.

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