5409 Gulf Drive, Panama City, FL 32408 (MLS# 784135)

5409 Gulf Drive, Panama City, FL 32408

$4,490,000

Property Type: Residential Bedrooms: 9 Baths: 7 Square Footage: 4,537 Lot Size (sq. ft.): 12,458 Status: Active

Current Price: $4,490,000 List Date: 1/24/2026 Last Modified: 2/13/2026

Overview

Description

”INVESTMENT PROPERTY” This beautiful Private Beach home is a money maker! It has produced over $400k in rentals a year over the last four years. It is already booked at 70% for 2026! The location is great in the heart of all the attractions in Panama City Beach! The home has a 14×24 heated pool, hot tub , and over 2000sq ft of back deck to enjoy. You can walk off the back deck right into the beautiful white sand, and into the gulf! Home also boasts plenty of parking for boats, motorcycles, or RV’s. With 9 bed rooms and 7 bathrooms there is room for the entire family! King size beds are in seven of the nine bedrooms, and almost every room has a beautiful view of the gulf. Home has a Large open area for entertaining and Gourmet Kitchen. There is also a separate Media/Game room for the kids upstairs with game table and large flat screen TV. ”Making Waves” is a premiere gulf front home with a proven rental record! You must come see it for yourself!

Listing Details MLS# 784135

Contract Info

List Price/SqFt: 989.64

Location

Area: 03 – Bay County – Beach
Street #: 5409
Street Name: Gulf
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Parcel ID: 32285-000-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: From the Hathaway bridge take Thomas Drive west , Then turn left onto Gulf drive. The home is on the Gulf at 5409.
Legal Description: GULF LAGOON BEACH LOT 4 BLK 6 ORB 3979 P 618

General Property Info

Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 4537
SqFt Source: Prop App Site
Balcony SqFt: 510
Full Baths: 7
Total Baths: 7
# of Stories in Building: 3
Year Built: 2015
Immediate Occupancy: Yes
Pre-Const Flip: No
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 50×250
Acreage: 0.29
Lot Size (SqFt): 12458
Beach Frontage: 50
Pool: Yes
Pool Type: Private

Waterfront Feature

Waterfront Feet: 50
Shore – Beach: Yes

Listing Info, Tax and Legal

Homestead: No
HOA Fee: No
Senior Community: No
New Buyer Fee: No
Last Taxes: 23043
Last Tax Year: 2025
Brokerage Interest: Owner Outside Licensee – Owner is a licensed real estate broker or salesperson.

Remarks & Misc

Remarks: ''INVESTMENT PROPERTY'' This beautiful Private Beach home is a money maker! It has produced over $400k in rentals a year over the last four years. It is already booked at 70% for 2026! The location is great in the heart of all the attractions in Panama City Beach! The home has a 14×24 heated pool, hot tub , and over 2000sq ft of back deck to enjoy. You can walk off the back deck right into the beautiful white sand, and into the gulf! Home also boasts plenty of parking for boats, motorcycles, or RV's. With 9 bed rooms and 7 bathrooms there is room for the entire family! King size beds are in seven of the nine bedrooms, and almost every room has a beautiful view of the gulf. Home has a Large open area for entertaining and Gourmet Kitchen. There is also a separate Media/Game room for the kids upstairs with game table and large flat screen TV. ''Making Waves'' is a premiere gulf front home with a proven rental record! You must come see it for yourself!

More Information

Dining Room

First: Yes

Family Room

Second: Yes

Pool Features

Fenced: Yes
Gunite Concrete: Yes
Heated – Electric: Yes
Inground: Yes

Appliances

Cooktop – Electric: Yes
Dishwasher: Yes
Microwave: Yes
Oven – Convection: Yes
Oven – Electric: Yes
Range – Electric: Yes
Refrigerator: Yes
Washer: Yes
Washer/Dryer Stacked: Yes
Water Heater – Electric: Yes

Construction/Siding

Foundation – On Piling: Yes
Roof – Metal: Yes
Siding – Hardie Board: Yes
Trim – Hardie Board: Yes

Exterior

Balcony: Yes
Deck Covered: Yes
Deck Open: Yes
Double Pane Windows: Yes
Shower: Yes
Patio Covered: Yes
Patio Open: Yes
Storm Windows: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Furnished: Yes

Kitchen

First: Yes

Living Room

First: Yes

Lot Features

Waterfront: Yes

Lot Access

City Street: Yes

Parking Features

Driveway: Yes

Mstr Bath / Mstr Bdrm

MBath Double Vanity: Yes
MBath Separate Shwr: Yes
MBath Walk-In Closet: Yes
MBed Balcony: Yes
MBed Waterfront: Yes

Present Zoning

County: Yes
Resid Single Family: Yes

Rooms

Bedroom: Yes
Dining Room: Yes
Family Room: Yes
Kitchen: Yes
Living Room: Yes

Utilities

TV Cable: Yes
Electricity – Connected: Yes
Electric 220/240: Yes
Internet – Fiber Optic: Yes
Lift Station: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Waterview

Gulf: Yes

Accessibility Features

Accessible Bedroom: Yes
Accessible Central Living Area: Yes
Accessible Closets: Yes
Accessible Common Area: Yes
Accessible Full Bath: Yes
Accessible Kitchen: Yes
Accessible Kitchen Appliances: Yes

Sale Type

As Is: Yes

Waterfront Type

Gulf: Yes

Bedroom

First: Yes
Second: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Security Features

Fire Alarm: Yes

Property Features

Accessibility Features: Accessible Bedroom; Accessible Central Living Area; Accessible Closets; Accessible Common Area; Accessible Full Bath; Accessible Kitchen; Accessible Kitchen Appliances Appliances: Cooktop – Electric; Dishwasher; Microwave; Oven – Convection; Oven – Electric; Range – Electric; Refrigerator; Washer; Washer/Dryer Stacked; Water Heater – Electric Bedroom: First; Second Cooling: Central Air Heating: Central Exterior: Balcony; Deck Covered; Deck Open; Double Pane Windows; Shower; Patio Covered; Patio Open; Storm Windows Financing: Cash; Conventional Furnished: Furnished Kitchen: First Living Room: First Lot Features: Waterfront Lot Access: City Street Dining Room: First Family Room: Second Pool Features: Fenced; Gunite Concrete; Heated – Electric; Inground Security Features: Fire Alarm Parking Features: Driveway Rooms: Bedroom; Dining Room; Family Room; Kitchen; Living Room Sale Type: As Is Utilities: TV Cable; Electric 220/240; Electricity – Connected; Internet – Fiber Optic; Lift Station; Public Sewer – Connected; Public Water – Connected Waterfront Type: Gulf Waterfront Feature: Shore – Beach Waterview: Gulf Present Zoning: County; Resid Single Family

Room Information

Room Name	Level	Dimensions	Length	Width
Bedroom	First	14.25 x 11.5	14.25	11.50
Bedroom	First	16.67 x 12.17	16.67	12.17
Bedroom	Second	14.25 x 12.67	14.25	12.67
Bedroom	Second	14.5 x 12.67	14.50	12.67
Bedroom	Second	13 x 12.5	13.00	12.50
Living Room	First	21 x 21.25	21.00	21.25
Family Room	Second	21.25 x 20.25	21.25	20.25
Kitchen	First	16.67 x 16.25	16.67	16.25
Dining Room	First	16.67 x 13.25	16.67	13.25

Listing Office: Beach Time Realty, Inc

Last Updated: February – 13 – 2026

Information deemed reliable but not guaranteed.