Address
5518 Gulf Drive, Panama City Beach, FL
Price
$ 1,399,000
Property Attributes
- MLS#999040
- TypeSingle Family
- Listing Status Active
- CountyBay
- CityPanama City Beach
- AreaBay County
- NeighborhoodGULF LAGOON BEACH
- Zip32408
- StyleBeach House
- Year Built2019
- Taxes$ 12941
- Price$ 1,399,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms1
- Sqr Footage2414
Data Source:
Emerald Coast MLS (ECAR)
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 | |
|---|---|
| 6/3/2026 | Listed $1,599,000 |
| 8/5/2026 | 13$1,399,000 |
General Features
| Utilities | Electric,Public Water |
|---|---|
| Zoning | Resid Single Family |
| Property Subtype | Detached Single Family |
| County | Bay |
| Property Type | Residential |
| Subdivision Name | GULF LAGOON BEACH |
| Status | Active |
| Buyer Financing | Conventional,FHA,VA,Other |
| 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 Beach |
| MLS Area | 27 - Bay County |
| Lot Size Units | Acres |
| Elementary School | Patronis |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 2723 - Beach - South of Grand Lagoon |
| Standard Status | Active |
| Sewer | Public Sewer |
| View | Gulf |
| Heating | Central |
| Cooling | Ceiling Fans,Central Air |
| Patio/Porch Features | Deck Open,Patio Covered,Patio Open,Porch |
| Architectural Style | Beach House |
| Construction Materials | Siding CmntFbrHrdBrd |
| Year Built | 2019 |
| Stories Count | 2 |
| Tax Year | 2025 |
| New Construction | false |
| Total Rooms | 7 |
| Carport Y/N | false |
| Property Condition | Construction Complete |
| Pool Features | Pool - In-Ground,Pool Type |
Interior Features
| Total Baths | 4 |
|---|---|
| Interior Amenities | Kitchen Island,Owner's Closet,Pantry |
| Flooring | Floor Tile,Floor Vinyl |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | Window Treatment All |
| Furnished Y/N | Furnished - All |
Exterior Features
| Lot Features | Corner,Level,Within 1/2 Mile to Water |
|---|---|
| Lot Dimensions | 50x118 |
| Road Surface Type | Paved |
| Road Frontage Type | County Road |
| Exterior Amenities | Balcony,BBQ Pit/Grill,Shower,Sprinkler System |
| Fencing | Fenced Lot-Part |
| Building Area Total | 2414 |
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
$ 1,499,000
5500 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
$ 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.
