Address

5416 Gulf Drive, Panama City Beach, FL

Listing Type

Active Under Contract

Price

$ 1,155,500

Property Attributes

MLS#789061
TypeSingle Family
Listing Status Active Under Contract
CountyBay
CityPanama City Beach
Area03 - Bay County - Beach
NeighborhoodGulf Lagoon Beach
Zip32408
Style
Year Built2006
Taxes$ 9290
Price$ 1,155,500
Bedrooms4
Full Bathrooms3
Half Bathrooms1
Sqr Footage2453
Lot Size0.07 Acres

Data Source:

Central Panhandle Association of REALTORS® (CPAR)

Property Description

'CURRENTLY UNDER CONTRACT WITH A SELLER KICK-OUT CLAUSE - SELLER WILL CONTINUE TO CONSIDER BACKUP OFFERS.' Luxury Gulf-View STR Investment Retreat with a Private Pool & 20 steps to Beach access. CAN SLEEP up to 16 ppl -- Maximizing FULL RENTAL POTENTIAL and ADR per night. *Currently sleeps 12 comfortably. Opportunities this close to the Gulf with this level of walkability, capacity, and rental appeal are limited. Prime Location. High STR Demand. Direct Gulf access with Private Pool. Investment-Grade Coastal Living. This is as close as you get to having the BEST of the BEST compared to any other. This exceptional 4BR/3.5BA Gulf-View coastal retreat offers a rare blend of refined beach living and high-performing investment potential--just 20 steps from the sugar-white sands and emerald waters of the Gulf. Welcome to a luxury property designed for those who expect more: Privacy, Proximity, and more return on lifestyle and short-term rental investment income potential. What truly sets this property apart is its rare proximity to the sandy Beaches--guests can step out the door and be on the beach in seconds. Combined with panoramic Gulf views, outdoor dining spaces, and a highly desirable layout, this home consistently checks the boxes that will drive higher nightly rates, strong occupancy, and repeat bookings. - Perfect vacation rental appeal with accommodations for up to 12 guests comfortably. - 20 Steps away from beach access (#8) with direct Gulf Views - Private pool with LED lighting at night (seasonally heated) - Walkable to beachfront dining including Schooner's beachfront Restaurant. - Minutes to St. Andrews State Park, Shell Island excursions, incredible dining, entertainment & all that Panama City Beach and 30a has to offer. - Strong appeal for short-term rental investors, second-home buyers, or luxury vacation ownership - Parking for up to 4 vehicles Designed for comfort, scale, and seamless indoor-outdoor living, this three-level home offers multiple entertaining zones, private retreats, and elevated Gulf-facing outdoor spaces. FIRST FLOOR: Entertain & Unwind A spacious open-concept layout anchors the home, featuring a large living area, dining space, and a fully equipped kitchen designed for hosting and comfort Ground-floor bedroom suite with private pool access. Full bath with dual access (guest + ensuite). Expansive laundry room with owner lockout storage. Direct access to private fenced pool, grilling, and lounge area. SECOND FLOOR: Elevated Comfort Primary Suite with king bed, Gulf-facing balcony, dual walk-in closets, a large ensuite bath with a spa-inspired jacuzzi bath featuring soaking tub, and separate walk-in tiled shower. Additional guest bedroom with bunk configuration (ideal for maximizing occupancy and rental revenue), full ensuite bath with abundant storage throughout. THIRD FLOOR: Premium Experience Level A standout feature for both lifestyle buyers and rental performance: Oversized 3 bunk suite + sleeper sofa. A mini wet bar and a mini fridge for convenience and entertaining. Expansive Gulf-View Terrace designed for sunset dining and elevated outdoor living. This upper-level balcony delivers the ''million-dollar view'' experience--panoramic Gulf vistas, coastal breezes, and unforgettable sunset exposures that will drive both guest satisfaction and repeat bookings. Morning coffee with ocean air. Afternoons by the pool or on the sandy Beach. Evenings defined by Gulf-Front sunsets painted in vivid coastal hues. This is more than a home--it's a fully immersive coastal asset designed to generate both memories and measurable returns.

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

Price History
4/29/2026	Listed $1,197,500
5/13/2026	Listed $1,195,000
6/21/2026	2$1,175,000
8/1/2026	2$1,155,500

General Features

Sewer	Public Sewer
Utilities	Electricity 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
Special Listing Conditions	Listed As-Is
Status	Active Under Contract
Directions	Heading S. on Navy Blvd, go right on Thomas Dr. Go .4 miles & take left on Hurt St. Turn right on Gulf Dr. Home on the right.
High School	Arnold
City	Panama City Beach
Disclosures	Accepting Backup Offers
Zoning Description	Resid Single Family
MLS Area	03 - Bay County - Beach
Lot Size Units	Acres
Lot Size Square Feet	2875
Elementary School	Patronis
Tax Annual Amount	9290.77
Middle/Junior High School	Surfside
MLS Area Minor	0323 - Beach - South of Grand Lagoon
Standard Status	Pending
Property Sub Type Additional	Single Family Residence
Occupancy Type	Tenant
Year Built	2006
Heating	Fireplace(s)
Cooling	Central Air,Multi Units
Appliances	Electric Oven,Electric Range,Ice Maker
Patio/Porch Features	Balcony,Deck,Open,Porch
Construction Materials	HardiPlank Type
View	Gulf
Garage Y/N	false
Total Rooms	10
Full Baths	3
Architectural Style	Coastal
Stories Count	3
Levels	Three Or More
Pool Features	Fenced,Electric Heat,In Ground,Private
Security Features	Security System,Fire Alarm,Smoke Detector(s)
New Construction	false

Interior Features

Total Baths	4
Interior Amenities	Balcony,Jetted Tub,Main Level Primary,Sitting Area in Primary,See Remarks,Soaking Tub,Separate Shower,Tub Shower,Upper Level Primary,Walk-In Closet(s)
Furnished Units	All Units
Air Conditioning Y/N	true
Heating Y/N	true
Fireplace Y/N	true
Total Bedrooms	4
LivingAreaSource	Appraiser
Half Baths	1
Total Stories	3
Fireplace Features	Gas

Exterior Features

Lot Size Area	0.07
Lot Dimensions	115X25
Lot Size Acres	0.07
Building Area Total	2453
Waterfront Y/N	false
Exterior Amenities	Deck
Fencing	Fenced
Private Pool	true