Address

5518 Gulf Drive, Panama City, FL

Listing Type

Active

Price

$ 1,399,000

Property Attributes

MLS#787812
TypeSingle Family
Listing Status Active
CountyBay
CityPanama City
Area03 - Bay County - Beach
NeighborhoodGulf Lagoon Beach
Zip32408
Style
Year Built2019
Taxes$ 12942
Price$ 1,399,000
Bedrooms4
Full Bathrooms3
Half Bathrooms1
Sqr Footage2414
Lot Size0.13 Acres

Data Source:

Central Panhandle Association of REALTORS® (CPAR)

Property Description

Gulf views, directly across from the beach AND beach access--5518 Gulf Drive offers the ideal blend of location, space, and flexibility, making it ideal as second home rental investment, with the benefit of no HOA. Situated on a large corner lot on the east end of Panama City Beach, this home is designed with both comfort and functionality in mind. Newer construction and featuring a spacious living and kitchen area that opens to a private pool and a large patio with both covered and uncovered spaces--perfectly blending indoor and outdoor living for easy gathering and entertaining.The thoughtful layout includes two primary suites, along with two additional bedrooms with en suite baths, and 2 sets of full bunks - enhancing it's versatility to host large groups without sacrificing privacy. The private pool makes this a true vacation-style setting, while the front porch and expansive second-floor deck offer additional outdoor living spaces to enjoy Gulf views and coastal breezes. The corner lot provides ample parking--a rare and valuable feature this close to the beach. With short-term rentals allowed, a highly functional floor plan, and a location just moments from the sand, this property presents an exceptional opportunity to own your piece of paradise at the beach!

Elementary School	Middle School	High School
Patronis Elementary School	Surfside Middle School	Arnold High School

Price History
4/2/2026	Listed $1,599,000
8/5/2026	13$1,399,000

General Features

Utilities	Electricity Available,High Speed Internet Available,Sewer Available
Property Subtype	Single Family Residence
Tax Year	2025
Community Features	Short Term Rental Allowed
County	Bay
Property Type	Residential
HOA	false
Subdivision Name	Gulf Lagoon Beach
Status	Active
Directions	From Thomas Dr TURN SOUTH onto Biltmore Drive. Home will be on left on corner of Gulf Drive and Biltmore Drive.
High School	Arnold
City	Panama City
Zoning Description	Resid Single Family
MLS Area	03 - Bay County - Beach
Lot Size Units	Acres
Lot Size Square Feet	5663
Elementary School	Patronis
Tax Annual Amount	12942
Middle/Junior High School	Surfside
MLS Area Minor	0323 - Beach - South of Grand Lagoon
Standard Status	Active
Property Sub Type Additional	Single Family Residence
Occupancy Type	Tenant
Year Built	2019
Heating	Electric
Cooling	Ceiling Fan(s)
Appliances	Electric Oven,Electric Range,Tankless Water Heater
Patio/Porch Features	Balcony,Deck,Covered,Patio
Construction Materials	HardiPlank Type
View	Gulf
Attached Garage	false
Garage Y/N	false
Total Rooms	8
Full Baths	3
Architectural Style	Coastal
Stories Count	2
Levels	Two
Pool Features	Fenced,In Ground,Private
New Construction	false
Roof	Metal

Interior Features

Total Baths	4
Interior Amenities	Double Vanity,Main Level Primary,Separate Shower,Walk-In Closet(s)
Furnished Units	All Units
Air Conditioning Y/N	true
Heating Y/N	true
Total Bedrooms	4
LivingAreaSource	Appraiser
Half Baths	1
Total Stories	2

Exterior Features

Lot Features	Paved
Lot Size Area	0.13
Lot Dimensions	50x118
Lot Size Acres	0.13
Parking Features	Additional Parking
Building Area Total	2414
Waterfront Y/N	false
Exterior Amenities	Covered Patio,Deck,Patio,Outdoor Shower
Fencing	Partial
Private Pool	true