Address
5500 Gulf Drive, Panama City, FL
Price
$ 1,499,000
Property Attributes
- MLS#794028
- TypeSingle Family
- Listing Status Active
- CountyBay
- CityPanama City
- Area03 - Bay County - Beach
- NeighborhoodGulf Lagoon Beach
- Zip32408
- Style
- Year Built2018
- Taxes$ 10562
- Price$ 1,499,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms1
- Sqr Footage2414
- Lot Size0.13 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
First time to hit the market, 4 bedroom(plus bunk room) RENTAL POWERHOUSE on the highly sought after East End. One home off the water on a stretch of beach not overrun with condos. Owners, investors and tourists/guests LOVE this area for that exact reason. Schooners is on Gulf Dr- a 6 min walk, St Andrews State Park is 1 mile away, and the some of the beach's very best restaurants are concentrated in this Lower Lagoon area. Not to mention the sandy white beach directly across from this home. There's a King master ensuite on the first floor along with the kitchen, dining and living area, the laundry room and a half bathroom. Off of this is a door leading to an outdoor oasis. A heated optional pool with a lounge area and high top dining area. Upstairs is an additional Master King ensuite with a large balcony with views of the Gulf, 2 more bedrooms, bathroom and a bunkroom rounds out the upstairs area. This home has a strong rental history and great reviews. It's being sold furnished. Its sister property, identical in layout, 2 doors down is listed for sale as well.
| Elementary School | Middle School | High School |
|---|---|---|
| Patronis Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 8/14/2026 | Listed $1,499,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Electricity Available,Natural Gas 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 | Traveling southeast on Thomas Drive take a right onto Biltmore, left onto Gulf Drive. Home is 4th on the left. |
| 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 | 10562 |
| 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 | 2018 |
| Heating | Central |
| Cooling | Central Air,Ceiling Fan(s) |
| Patio/Porch Features | Balcony,Deck,Covered,Porch |
| View | Gulf |
| Attached Garage | false |
| Garage Y/N | false |
| Total Rooms | 7 |
| Full Baths | 3 |
| Architectural Style | Coastal |
| Stories Count | 2 |
| Levels | Two |
| Pool Features | Electric Heat,In Ground,Private |
| Security Features | Smoke Detector(s) |
| New Construction | false |
| Senior Community Y/N | false |
| Roof | Metal |
Interior Features
| Total Baths | 4 |
|---|---|
| Interior Amenities | Balcony,Double Vanity,Interior Steps,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 | 50.0 ft x 115.0 ft |
| Lot Size Acres | 0.13 |
| Building Area Total | 2414 |
| Waterfront Y/N | false |
| Exterior Amenities | Covered Patio,Deck |
| Fencing | Fenced |
| Private Pool | true |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32408
Price
Taxes
Year Built
In The Neighborhood
Panama City Beach
$ 889,500
5405 Thomas Drive
Panama City Beach, FL 32408
- Type
- Single Family
- Size
- 2,801 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City
$ 1,499,000
5516 Gulf Drive
Panama City, FL 32408
- Type
- Single Family
- Size
- 2,414 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City Beach
$ 1,155,500
5416 Gulf Drive
Panama City Beach, FL 32408
- Type
- Single Family
- Size
- 2,453 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City
$ 1,399,000
5518 Gulf Drive
Panama City, FL 32408
- Type
- Single Family
- Size
- 2,414 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City Beach
$ 1,399,000
5518 Gulf Drive
Panama City Beach, FL 32408
- Type
- Single Family
- Size
- 2,414 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City
$ 989,000
5522 Thomas Drive
Panama City, FL 32408
- Type
- Single Family
- Size
- 2,095 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City Beach
$ 1,899,000
5903 Gulf Drive
Panama City Beach, FL 32408
- Type
- Single Family
- Size
- 1,296 SqFt
- Rooms
- 3 Beds + 2 Baths
Panama City Beach
$ 1,899,000
5903 Gulf Drive
Panama City Beach, FL 32408
- Type
- Single Family
- Size
- 1,296 SqFt
- Rooms
- 3 Beds + 2 Baths
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
