5403 Gulf Drive, Panama City, FL 32408 (MLS# 787076)

5403 Gulf Drive, Panama City, FL 32408

$1,840,000

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

Current Price: $1,840,000 List Date: 3/20/2026 Last Modified: 3/20/2026

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# 787076

Location, Tax & Legal

Street #: 5403
Street Name: Gulf
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Area: 03 – Bay County – Beach
Subdivision: Gulf Lagoon Beach
Parcel ID: 32282-000-000
Legal Description: GULF LAGOON BEACH LOT 1 BLK 6 ORB 4073 P 2133
Sub Area: 0323 – Beach – South of Grand Lagoon
Community/Resort: None
Waterfront: Yes
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.
HOA Fee: No

Contract Info

List Price/Acre: 6344827.59
Sub-Type: Vacant Land
List Type: Exclusive Right of Sale
Named Exception: No

General Property Info

Site Dimensions: 50×250
Acreage: 0.29
Lot Size (SqFt): 12458
Is Subject Leased: No

Waterfront Feature

Waterfront Feet: 50

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/Parcel Access

County Road: Yes

Utilities

Electricity – Connected: Yes
Water Connected: Yes

Waterview

Gulf: Yes

Waterfront Type

Gulf: Yes

TransportationAccess

City Road: Yes

Property Features

TransportationAccess: City Road Lot Features: Near Beach Access; Waterfront; Within 1/2 Mile to Water Utilities: Electricity – Connected; Water Connected Waterfront Type: Gulf Waterview: Gulf

Listing Office: Think Real Estate

Last Updated: March – 20 – 2026

Information deemed reliable but not guaranteed.