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
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!
More Information MLS# 784135
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.
Contract Info
List Price/SqFt: 989.64
Status: Active
List Date: 2026-01-24
List Price: $4,490,000
Current Price: $4,490,000
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 the Hathaway bridge take Thomas Drive west , Then turn left onto Gulf drive. The home is on the Gulf at 5409.
Area: 03 – Bay County – Beach
Street #: 5409
Street Name: Gulf
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: [No Recorded Subdiv]
Parcel ID: 32285-000-000
Legal Description: GULF LAGOON BEACH LOT 4 BLK 6 ORB 3979 P 618
General Property Info
Acreage: 0.29
Design: Beach House
Lot Size (SqFt): 12458
Apx SqFt(Htd/Cooled): 4537
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Source: Prop App Site
Balcony SqFt: 510
# of Stories in Building: 3
Pre-Const Flip: No
Lot Dimensions: 50×250
New Construction: No
Garage Y/N: No
Beach Frontage: 50
Pool: Yes
Pool Type: Private
Sub-Type: Detached Single Family
Bedrooms: 9
Full Baths: 7
Total Baths: 7
Year Built: 2015
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!
Dining Room
First: 1
Family Room
Second: 1
Pool Features
Fenced: 1
Gunite Concrete: 1
Heated – Electric: 1
Inground: 1
Appliances
Cooktop – Electric: 1
Dishwasher: 1
Microwave: 1
Oven – Convection: 1
Oven – Electric: 1
Range – Electric: 1
Refrigerator: 1
Washer: 1
Washer/Dryer Stacked: 1
Water Heater – Electric: 1
Construction/Siding
Foundation – On Piling: 1
Roof – Metal: 1
Siding – Hardie Board: 1
Trim – Hardie Board: 1
Exterior
Balcony: 1
Deck Covered: 1
Deck Open: 1
Double Pane Windows: 1
Shower: 1
Patio Covered: 1
Patio Open: 1
Storm Windows: 1
Waterfront Feature
Shore – Beach: 1
Waterfront Feet: 50
Financing
Cash: 1
Conventional: 1
Furnished
Furnished: 1
Kitchen
First: 1
Living Room
First: 1
Lot Features
Waterfront: 1
Lot Access
City Street: 1
Parking Features
Driveway: 1
Mstr Bath / Mstr Bdrm
MBath Double Vanity: 1
MBath Separate Shwr: 1
MBath Walk-In Closet: 1
MBed Balcony: 1
MBed Waterfront: 1
Present Zoning
County: 1
Resid Single Family: 1
Rooms
Bedroom: 1
Dining Room: 1
Family Room: 1
Kitchen: 1
Living Room: 1
Utilities
TV Cable: 1
Electricity – Connected: 1
Electric 220/240: 1
Internet – Fiber Optic: 1
Lift Station: 1
Public Sewer – Connected: 1
Public Water – Connected: 1
Waterview
Gulf: 1
Accessibility Features
Accessible Bedroom: 1
Accessible Central Living Area: 1
Accessible Closets: 1
Accessible Common Area: 1
Accessible Full Bath: 1
Accessible Kitchen: 1
Accessible Kitchen Appliances: 1
Sale Type
As Is: 1
Waterfront Type
Gulf: 1
Bedroom
First: 1
Second: 1
Cooling
Central Air: 1
Heating
Central: 1
Security Features
Fire Alarm: 1
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
Bedroom
Level: First
Dimensions: 14.25 x 11.5
Length: 14.25
Width: 11.50
Dimensions: 14.25 x 11.5
Bedroom
Level: First
Dimensions: 16.67 x 12.17
Length: 16.67
Width: 12.17
Dimensions: 16.67 x 12.17
Bedroom
Level: Second
Dimensions: 14.25 x 12.67
Length: 14.25
Width: 12.67
Dimensions: 14.25 x 12.67
Bedroom
Level: Second
Dimensions: 14.5 x 12.67
Length: 14.50
Width: 12.67
Dimensions: 14.5 x 12.67
Bedroom
Level: Second
Dimensions: 13 x 12.5
Length: 13.00
Width: 12.50
Dimensions: 13 x 12.5
Living Room
Level: First
Dimensions: 21 x 21.25
Length: 21.00
Width: 21.25
Dimensions: 21 x 21.25
Family Room
Level: Second
Dimensions: 21.25 x 20.25
Length: 21.25
Width: 20.25
Dimensions: 21.25 x 20.25
Kitchen
Level: First
Dimensions: 16.67 x 16.25
Length: 16.67
Width: 16.25
Dimensions: 16.67 x 16.25
Dining Room
Level: First
Dimensions: 16.67 x 13.25
Length: 16.67
Width: 13.25
Dimensions: 16.67 x 13.25
Listing Office:
Beach Time Realty, Inc
Last Updated: February – 13 – 2026
Information deemed reliable but not guaranteed.