5101 Gulf Drive D, Panama City, FL 32408

$899,000
Property Type: Residential Land Lot Size (sq. ft.): 4,400 Status: Under Contract – Taking Backups
Current Price: $899,000 List Date: 11/05/2025 Last Modified: 3/30/2026

Overview

Description

UNDER CONTRACT. SELLER ACCEPTING BACKUP OFFERS. Rare Gulf-Front Opportunity! Build your dream coastal retreat on this ready-to-build Gulf-front lot located at 5101 Gulf Drive in Panama City Beach. Enjoy panoramic views of the Gulf of Mexico, direct beach access, and an unbeatable location near Schooners and St. Andrews State Park. No HOA and utilities available. Perfect for a custom luxury home or vacation rental investment–one of the few remaining Gulf-front parcels in the area. Perfectly positioned near Schooners, Patches Pub, and St. Andrews State Park, this Gulf-front property offers the perfect balance of privacy and convenience–just minutes from dining, marinas, and Panama City Beach's most desirable attractions. Whether your vision is a custom luxury residence, a vacation retreat, or an income-producing investment, this ready-to-build homesite delivers the flexibility and freedom to bring your dream to life. With utilities available and no HOA restrictions, you can design

Listing Details MLS# 781283

Contract Info

List Price/Acre
8990000

Location

Street #
5101
Street Name
Gulf
Street Suffix
Drive
Unit #
D
Area
03 – Bay County – Beach
State
FL
Zip Code
32408
County
Bay
Sub Area
0323 – Beach – South of Grand Lagoon
Subdivision
Gulf Lagoon Beach
Community/Resort
None
Waterfront
Yes
Parcel ID
32254-000-000
Elementary School
Patronis
Middle School
Surfside
High School
Arnold
Directions
East end of Thomas Dr. Turn south on Huff and then left on Gulf. East of SCHOONER'S, directly on the Gulf. Sign in front of lot
Legal Description
GULF LAGOON BEACH 70B1 & 70B2 BEG AT NW COR LOT 6 TH SELY 21.83' SWLY 200 TO WATER NWLY 18.54' NELY 200' TO POB AKA UNIT D BLK 1 ORB 3599 P 2397 (6.01)

General Property Info

Sub-Type
Vacant Land
Lot Dimensions
22 x 200
Acreage
0.1
Lot Size (SqFt)
4400
Beach Frontage
22

Status Change Info

Under Contract Date
2026-03-27

Waterfront Feature

Waterfront Feet
22

Listing Info, Tax & Legal

HOA Fee
No
Last Taxes
13936
Last Tax Year
2024
Brokerage Interest
No Interest
As Is
Yes

More Information

Remarks & Misc

Remarks
UNDER CONTRACT. SELLER ACCEPTING BACKUP OFFERS. Rare Gulf-Front Opportunity! Build your dream coastal retreat on this ready-to-build Gulf-front lot located at 5101 Gulf Drive in Panama City Beach. Enjoy panoramic views of the Gulf of Mexico, direct beach access, and an unbeatable location near Schooners and St. Andrews State Park. No HOA and utilities available. Perfect for a custom luxury home or vacation rental investment–one of the few remaining Gulf-front parcels in the area. Perfectly positioned near Schooners, Patches Pub, and St. Andrews State Park, this Gulf-front property offers the perfect balance of privacy and convenience–just minutes from dining, marinas, and Panama City Beach's most desirable attractions. Whether your vision is a custom luxury residence, a vacation retreat, or an income-producing investment, this ready-to-build homesite delivers the flexibility and freedom to bring your dream to life. With utilities available and no HOA restrictions, you can design and build to fully capture the panoramic Gulf views and coastal lifestyle. Property Features: Direct Gulf-front parcel with sweeping Gulf views; Cleared and ready to build; Utilities available; No HOA restrictions; Ideal for a custom home or short-term rental investment; Prime location near restaurants, shops, and marinas Opportunities to own true Gulf-front land in Panama City Beach are extremely limited. Schedule your private showing today and start planning your modern coastal masterpiece surrounded by emerald waters and endless sunsets.

Other Structures

None
Yes

Lot Features

Deeded Access
Yes
Deeded Access Water
Yes
Near Beach Access
Yes
Near Public Boat Ramp
Yes
Waterfront
Yes
Other – See Remarks
Yes

Lot Access

Paved Road
Yes
Other – See Remarks
Yes

Present Zoning

County
Yes

Utilities

All Utilities
Yes
Other – See Remarks
Yes

Waterview

Gulf
Yes

Sale Type

Accept Backup Offers
Yes

Waterfront Type

Gulf
Yes
See Remarks
Yes

Property Features

Lot Access: Paved Road; Other – See Remarks Lot Features: Deeded Access; Deeded Access Water; Near Beach Access; Near Public Boat Ramp; Waterfront; Other – See Remarks Other Structures: None Sale Type: Accept Backup Offers Utilities: All Utilities; Other – See Remarks Waterfront Type: Gulf; See Remarks Waterview: Gulf Present Zoning: County
Listing Office: eXp Realty, LLC
Last Updated: March – 30 – 2026
Information deemed reliable but not guaranteed.