5403 Gulf Drive, Panama City, FL 32408 (MLS# 778820)

5403 Gulf Drive, Panama City, FL 32408

$1,840,000

Property Type: Residential Land Lot Size (sq. ft.): 12,458 Status: Active

Current Price: $1,840,000 List Date: 9/10/2025 Last Modified: 4/08/2026

Overview

Description

A rare chance to own prime Gulf-front property in one of the most desirable stretches of Panama City Beach. This cleared 0.29-acre parcel sits directly beside from public beach access #7, offering unmatched visibility, walkability, and development potential. Zoned mixed-use, the property allows for a wide range of possibilities. With no HOA restrictions, public utilities near by, and paved road access, it’s a straightforward site to bring your vision to life. Whether you’re a developer, investor, or visionary builder and want to bring your dream home to life, 5403 Gulf Drive is your chance to create something extraordinary on Florida’s Emerald Coast.

Listing Details MLS# 778820

Contract Info

List Price/Acre: 6344827.59

Location

Street #: 5403
Street Name: Gulf
Street Suffix: Drive
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: 32282-000-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: From St. Andrews State Park, head west along Thomas Drive until you reach Hurt Street, then turn left that road leads directly to Gulf drive and run into the lot.
Legal Description: GULF LAGOON BEACH LOT 1 BLK 6 ORB 4073 P 2133

General Property Info

Sub-Type: Vacant Land
Lot Dimensions: 50×250
Acreage: 0.29
Lot Size (SqFt): 12458

Waterfront Feature

Waterfront Feet: 50

Listing Info, Tax & Legal

HOA Fee: No
Last Taxes: 10695
Last Tax Year: 2024
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: A rare chance to own prime Gulf-front property in one of the most desirable stretches of Panama City Beach. This cleared 0.29-acre parcel sits directly beside from public beach access #7, offering unmatched visibility, walkability, and development potential. Zoned mixed-use, the property allows for a wide range of possibilities. With no HOA restrictions, public utilities near by, and paved road access, it's a straightforward site to bring your vision to life. Whether you're a developer, investor, or visionary builder and want to bring your dream home to life, 5403 Gulf Drive is your chance to create something extraordinary on Florida's Emerald Coast.

More Information

Lot Features

Near Beach Access: Yes
Waterfront: Yes
Within 1/2 Mile to Water: Yes

Lot Access

County Road: Yes

Utilities

Electricity – Connected: Yes
Public Sewer Available: Yes
Water Connected: Yes

Waterview

Gulf: Yes

Waterfront Type

Gulf: Yes

Property Features

Lot Access: County Road Lot Features: Near Beach Access; Waterfront; Within 1/2 Mile to Water Utilities: Electricity – Connected; Public Sewer Available; Water Connected Waterfront Type: Gulf Waterview: Gulf

Listing Office: Think Real Estate

Last Updated: April – 08 – 2026

Information deemed reliable but not guaranteed.