5309 Gulf Drive, Panama City Beach, FL 32408

$2,895,000
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 1,786 Lot Size (sq. ft.): 12,458 Status: Active
Current Price: $2,895,000 List Date: 2/10/2026 Last Modified: 2/18/2026

Description

Charming coastal retreat with timeless beach-house appeal, ideally located on the highly sought-after east end of Panama City Beach. This beautifully renovated 4-bedroom, 2.5-bath Gulf-front home sits on an expansive 50′ x 250′ lot and offers stunning Gulf views from most rooms, including the primary suite, secondary bedrooms, living room, and kitchen — plus more than 2,000 square feet of balconies and decks designed to soak in the scenery. The elevated design features a spacious lower level with dual garage bays, providing generous space for parking, storage, beach gear, and all your outdoor toys. Just beyond, the covered ground-level entertaining area is built for relaxation, complete with ample seating and swing seating — perfect for game days, gatherings with friends, or unwinding while enjoying the Gulf breeze and open views. Inside, a full renovation showcases exceptional craftsmanship and high-end designer finishes throughout. The kitchen and bathrooms feature Italian Carrara marble, Viking appliances, Kohler and Newport Brass fixtures, Ann Sacks and Aguayo tile, and custom details at every turn. The living area and kitchen are accented by stunning 200-year-old hand-hewn salvaged beams, blending historic character with modern coastal luxury. Smart home technology includes Control4 lighting and automation, security cameras, and integrated flat-screen TVs. Major upgrades provide peace of mind and efficiency, including all new hurricane-impact windows, solid shiplap interior walls, oak flooring, updated plumbing and wiring, a 5-ton HVAC system, hurricane strapping, and a durable metal roof. This home is truly turn-key and ready to enjoy. Whether you’re searching for a primary residence, luxury vacation getaway, or high-performing investment property, this Gulf-front gem delivers the relaxed beach lifestyle buyers dream about — just bring your flip-flops and start living on island time.

More Information MLS# 785010

Listing Info, Tax and Legal

HOA Fee: No New Buyer Fee: No Last Taxes: 19737 Last Tax Year: 2025 Brokerage Interest: Familial Interest – Listing Broker/Licensee related to owner.

Contract Info

List Price/SqFt: 1620.94 Status: Active List Date: 2026-02-10 List Price: $2,895,000 Current Price: $2,895,000

Location

Sub Area: 0323 – Beach – South of Grand Lagoon Community/Resort: None Waterfront: Yes Gulf Access: Yes Elementary School: Patronis Middle School: Surfside High School: Arnold Directions: From Hwy 98, South on Navy Blvd, turn Right/West onto Thomas Drive. Left on Irwin Street, Right on Gulf Drive. Home on Left. Area: 03 – Bay County – Beach Street #: 5309 Street Name: Gulf Street Suffix: Drive State: FL Zip Code: 32408 County: Bay Subdivision: Gulf Lagoon Beach Parcel ID: 32277-000-000 Legal Description: GULF LAGOON BEACH LOT 2 BLK 5 ORB 4575 P 1974

General Property Info

Acreage: 0.29 Design: Beach House Lot Size (SqFt): 12458 Apx SqFt(Htd/Cooled): 1786 Construction Status: Construction Complete SqFt Source: An Appraiser Half Baths: 1 # of Stories in Building: 2 Lot Dimensions: 50 x 250 New Construction: No Garage Y/N: Yes Garage Spaces: 2 Beach Frontage: 50 Pool: No Sub-Type: Detached Single Family Bedrooms: 4 Full Baths: 2 Total Baths: 3 Year Built: 1997

Remarks & Misc

Remarks: Charming coastal retreat with timeless beach-house appeal, ideally located on the highly sought-after east end of Panama City Beach. This beautifully renovated 4-bedroom, 2.5-bath Gulf-front home sits on an expansive 50′ x 250′ lot and offers stunning Gulf views from most rooms, including the primary suite, secondary bedrooms, living room, and kitchen — plus more than 2,000 square feet of balconies and decks designed to soak in the scenery. The elevated design features a spacious lower level with dual garage bays, providing generous space for parking, storage, beach gear, and all your outdoor toys. Just beyond, the covered ground-level entertaining area is built for relaxation, complete with ample seating and swing seating — perfect for game days, gatherings with friends, or unwinding while enjoying the Gulf breeze and open views. Inside, a full renovation showcases exceptional craftsmanship and high-end designer finishes throughout. The kitchen and bathrooms feature Italian Carrara marble, Viking appliances, Kohler and Newport Brass fixtures, Ann Sacks and Aguayo tile, and custom details at every turn. The living area and kitchen are accented by stunning 200-year-old hand-hewn salvaged beams, blending historic character with modern coastal luxury. Smart home technology includes Control4 lighting and automation, security cameras, and integrated flat-screen TVs. Major upgrades provide peace of mind and efficiency, including all new hurricane-impact windows, solid shiplap interior walls, oak flooring, updated plumbing and wiring, a 5-ton HVAC system, hurricane strapping, and a durable metal roof. This home is truly turn-key and ready to enjoy. Whether you’re searching for a primary residence, luxury vacation getaway, or high-performing investment property, this Gulf-front gem delivers the relaxed beach lifestyle buyers dream about — just bring your flip-flops and start living on island time.

Appliances

Cooktop – Electric: 1 Dishwasher: 1 Disposal: 1 Ice Maker: 1 Microwave: 1 Oven – Electric: 1 Washer/Dryer Stacked: 1 Water Heater – Electric: 1 Wine Refrigerator: 1

Interior Features

Breakfast Bar: 1 Ceiling – Beamed: 1 Floor – Hardwood: 1 Floor – Tile: 1 Kitchen Island: 1 Lighting – Recessed: 1 Security System: 1 Window – Treatment All: 1

Construction/Siding

Foundation – On Piling: 1 Wood/Frame: 1 Roof – Metal: 1 Siding – Wood: 1 Trim – Wood: 1

Exterior

Balcony: 1 Deck Open: 1 Double Pane Windows: 1 Storm Windows: 1

Waterfront Feature

Shore – Beach: 1 Waterfront Feet: 50

Furnished

Furnished: 1

Kitchen

Second: 1

Living Room

Second: 1

Lot Features

Dedicated Beach: 1 Deeded Access: 1

Lot Access

Paved Road: 1

Parking Features

Garage Attached: 1 Oversized: 1

Mstr Bath / Mstr Bdrm

MBath Double Vanity: 1 MBath Shower Only: 1 MBed Balcony: 1 MBed Waterfront: 1

Rooms

Bedroom: 1 Kitchen: 1 Living Room: 1 Master Bedroom: 1

Utilities

TV Cable: 1 Electricity – Connected: 1 Internet – Broadband Available: 1 Public Sewer – Connected: 1 Public Water – Connected: 1

Waterview

Gulf: 1 Unobstructed: 1

Waterfront Type

Gulf: 1

Master Bedroom

Second: 1

Bedroom

Second: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1 Electric: 1

Heating

Electric: 1

Security Features

Security System: 1 Smoke Detector(s): 1

Property Features

Appliances: Cooktop – Electric; Dishwasher; Disposal; Ice Maker; Microwave; Oven – Electric; Washer/Dryer Stacked; Water Heater – Electric; Wine Refrigerator Master Bedroom: Second Bedroom: Second Cooling: Ceiling Fan(s); Central Air; Electric Heating: Electric Exterior: Balcony; Deck Open; Double Pane Windows; Storm Windows Furnished: Furnished Kitchen: Second Living Room: Second Lot Features: Dedicated Beach; Deeded Access Lot Access: Paved Road Security Features: Security System; Smoke Detector(s) Parking Features: Garage Attached; Oversized Rooms: Bedroom; Kitchen; Living Room; Master Bedroom Utilities: TV Cable; Electricity – Connected; Internet – Broadband Available; Public Sewer – Connected; Public Water – Connected Waterfront Type: Gulf Waterfront Feature: Shore – Beach Waterview: Gulf; Unobstructed

Room Information

Master Bedroom Level: Second Dimensions: 16 x 11.8 Length: 16.00 Width: 11.80 Dimensions: 16 x 11.8 Bedroom Level: Second Dimensions: 12.4 x 12.2 Length: 12.40 Width: 12.20 Dimensions: 12.4 x 12.2 Living Room Level: Second Dimensions: 21.4 x 16.2 Length: 21.40 Width: 16.20 Dimensions: 21.4 x 16.2 Kitchen Level: Second Dimensions: 13 x 16.2 Length: 13.00 Width: 16.20 Dimensions: 13 x 16.2
Listing Office: Counts Real Estate Group Inc
Last Updated: February – 18 – 2026
Information deemed reliable but not guaranteed.