5416 Gulf Drive, Panama City Beach, FL 32408 (MLS# 789061)

5416 Gulf Drive, Panama City Beach, FL 32408

New Listing

$1,197,500

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 2,453 Lot Size (sq. ft.): 2,875 Status: Active

Current Price: $1,197,500 List Date: 4/29/2026 Last Modified: 4/29/2026

Overview

Description

Luxury Gulf-View STR Investment Retreat with a Private Pool & 20 steps to Beach access. Opportunities this close to the Gulf with this level of walkability, capacity, and rental appeal are limited. Prime Location. High STR Demand. Direct Gulf access with Private Pool. Investment-Grade Coastal Living. This is as close as you get to having the BEST of the BEST compared to any other. This exceptional 4BR/3.5BA Gulf-View coastal retreat offers a rare blend of refined beach living and high-performing investment potential–just 20 steps from the sugar-white sands and emerald waters of the Gulf. Welcome to a luxury property designed for those who expect more: Privacy, Proximity, and more return on lifestyle and short-term rental investment income potential. What truly sets this property apart is its rare proximity to the sandy Beaches–guests can step out the door and be on the beach in seconds. Combined with panoramic Gulf views, outdoor dining spaces, and a highly des … (Read more) Luxury Gulf-View STR Investment Retreat with a Private Pool & 20 steps to Beach access. Opportunities this close to the Gulf with this level of walkability, capacity, and rental appeal are limited. Prime Location. High STR Demand. Direct Gulf access with Private Pool. Investment-Grade Coastal Living. This is as close as you get to having the BEST of the BEST compared to any other. This exceptional 4BR/3.5BA Gulf-View coastal retreat offers a rare blend of refined beach living and high-performing investment potential–just 20 steps from the sugar-white sands and emerald waters of the Gulf. Welcome to a luxury property designed for those who expect more: Privacy, Proximity, and more return on lifestyle and short-term rental investment income potential. What truly sets this property apart is its rare proximity to the sandy Beaches–guests can step out the door and be on the beach in seconds. Combined with panoramic Gulf views, outdoor dining spaces, and a highly desirable layout, this home consistently checks the boxes that will drive higher nightly rates, strong occupancy, and repeat bookings. – Perfect vacation rental appeal with accommodations for up to 12 guests comfortably. – 20 Steps away from beach access (#8) with direct Gulf Views – Private pool with LED lighting at night (seasonally heated) – Walkable to beachfront dining including Schooner’s beachfront Restaurant. – Minutes to St. Andrews State Park, Shell Island excursions, incredible dining, entertainment & all that Panama City Beach and 30a has to offer. – Strong appeal for short-term rental investors, second-home buyers, or luxury vacation ownership – Parking for up to 4 vehicles Designed for comfort, scale, and seamless indoor-outdoor living, this three-level home offers multiple entertaining zones, private retreats, and elevated Gulf-facing outdoor spaces. FIRST FLOOR: Entertain & Unwind A spacious open-concept layout anchors the home, featuring a large living area, dining space, and a fully equipped kitchen designed for hosting and comfort Ground-floor bedroom suite with private pool access. Full bath with dual access (guest + ensuite). Expansive laundry room with owner lockout storage. Direct access to private fenced pool, grilling, and lounge area. SECOND FLOOR: Elevated Comfort Primary Suite with king bed, Gulf-facing balcony, dual walk-in closets, a large ensuite bath with a spa-inspired jacuzzi bath featuring soaking tub, and separate walk-in tiled shower. Additional guest bedroom with bunk configuration (ideal for maximizing occupancy and rental revenue), full ensuite bath with abundant storage throughout. THIRD FLOOR: Premium Experience Level A standout feature for both lifestyle buyers and rental performance: Oversized 3 bunk suite + sleeper sofa. A mini wet bar and a mini fridge for convenience and entertaining. Expansive Gulf-View Terrace designed for sunset dining and elevated outdoor living. This upper-level balcony delivers the ”million-dollar view” experience–panoramic Gulf vistas, coastal breezes, and unforgettable sunset exposures that will drive both guest satisfaction and repeat bookings. Morning coffee with ocean air. Afternoons by the pool or on the sandy Beach. Evenings defined by Gulf-Front sunsets painted in vivid coastal hues. This is more than a home–it’s a fully immersive coastal asset designed to generate both memories and measurable returns.

Listing Details MLS# 789061

Contract Info

List Price/SqFt: 488.18

Location

Area: 03 – Bay County – Beach
Street #: 5416
Street Name: Gulf
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Gulf Lagoon Beach
Community/Resort: None
Waterfront: No
Parcel ID: 32289-020-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Heading S. on Navy Blvd, go right on Thomas Dr. Go .4 miles & take left on Hurt St. Turn right on Gulf Dr. Home on the right.
Legal Description: GULF LAGOON BEACH WLY 1/2 OF LOT 4 BLK 7 ORB 4627 P 777

General Property Info

Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 2453
SqFt Source: An Appraiser
Full Baths: 3
Half Baths: Yes
Total Baths: 4
# of Stories in Building: 3
Year Built: 2006
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 115X25
Acreage: 0.07
Lot Size (SqFt): 2875
Pool: Yes
Pool Type: Private

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 9290.77
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Section: 16
Township: 4S
Range: 15W

Remarks & Misc

Remarks: Luxury Gulf-View STR Investment Retreat with a Private Pool & 20 steps to Beach access. Opportunities this close to the Gulf with this level of walkability, capacity, and rental appeal are limited. Prime Location. High STR Demand. Direct Gulf access with Private Pool. Investment-Grade Coastal Living. This is as close as you get to having the BEST of the BEST compared to any other. This exceptional 4BR/3.5BA Gulf-View coastal retreat offers a rare blend of refined beach living and high-performing investment potential–just 20 steps from the sugar-white sands and emerald waters of the Gulf. Welcome to a luxury property designed for those who expect more: Privacy, Proximity, and more return on lifestyle and short-term rental investment income potential. What truly sets this property apart is its rare proximity to the sandy Beaches–guests can step out the door and be on the beach in seconds. Combined with panoramic Gulf views, outdoor dining spaces, and a highly desirable layout, this home consistently checks the boxes that will drive higher nightly rates, strong occupancy, and repeat bookings. – Perfect vacation rental appeal with accommodations for up to 12 guests comfortably. – 20 Steps away from beach access (#8) with direct Gulf Views – Private pool with LED lighting at night (seasonally heated) – Walkable to beachfront dining including Schooner's beachfront Restaurant. – Minutes to St. Andrews State Park, Shell Island excursions, incredible dining, entertainment & all that Panama City Beach and 30a has to offer. – Strong appeal for short-term rental investors, second-home buyers, or luxury vacation ownership – Parking for up to 4 vehicles Designed for comfort, scale, and seamless indoor-outdoor living, this three-level home offers multiple entertaining zones, private retreats, and elevated Gulf-facing outdoor spaces. FIRST FLOOR: Entertain & Unwind A spacious open-concept layout anchors the home, featuring a large living area, dining space, and a fully equipped kitchen designed for hosting and comfort Ground-floor bedroom suite with private pool access. Full bath with dual access (guest + ensuite). Expansive laundry room with owner lockout storage. Direct access to private fenced pool, grilling, and lounge area. SECOND FLOOR: Elevated Comfort Primary Suite with king bed, Gulf-facing balcony, dual walk-in closets, a large ensuite bath with a spa-inspired jacuzzi bath featuring soaking tub, and separate walk-in tiled shower. Additional guest bedroom with bunk configuration (ideal for maximizing occupancy and rental revenue), full ensuite bath with abundant storage throughout. THIRD FLOOR: Premium Experience Level A standout feature for both lifestyle buyers and rental performance: Oversized 3 bunk suite + sleeper sofa. A mini wet bar and a mini fridge for convenience and entertaining. Expansive Gulf-View Terrace designed for sunset dining and elevated outdoor living. This upper-level balcony delivers the ''million-dollar view'' experience–panoramic Gulf vistas, coastal breezes, and unforgettable sunset exposures that will drive both guest satisfaction and repeat bookings. Morning coffee with ocean air. Afternoons by the pool or on the sandy Beach. Evenings defined by Gulf-Front sunsets painted in vivid coastal hues. This is more than a home–it's a fully immersive coastal asset designed to generate both memories and measurable returns.

Great Room

First: Yes

More Information

Laundry

First: Yes

Master Bathroom

Second: Yes

Pool Features

Fenced: Yes
Heated – Electric: Yes
Inground: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Ice Maker: Yes
Microwave: Yes
Oven – Electric: Yes
Range – Electric: Yes
Refrigerator: Yes
Washer: Yes

Interior Features

Bookcases: Yes
Breakfast Bar: Yes
Ceiling – Crwn Molding: Yes
Ceiling – Raised: Yes
Fireplace: Yes
Floor – Tile: Yes
Kitchen Island: Yes
Lighting – Recessed: Yes
Lock Out Closet: Yes
Pantry: Yes
Security System: Yes
Wet Bar: Yes
Window – Treatment All: Yes

Construction/Siding

Siding – Hardie Board: Yes

Exterior

Balcony: Yes
Deck Open: Yes
Fenced Back Yard: Yes
Porch Open: Yes

Waterfront Feature

Shore – Beach: Yes
Other – See Remarks: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Furnished: Yes

Interior

Floor – Carpet: Yes

Kitchen

First: Yes

Lot Features

Near Beach Access: Yes
Near Public Boat Ramp: Yes
Within 1/2 Mile to Water: Yes

Mstr Bath / Mstr Bdrm

MBath Garden Tub: Yes
MBath Separate Shwr: Yes
MBath Whirlpool: Yes
MBed Balcony: Yes
MBed First Floor: Yes
MBed Sitting Area: Yes
MBed Walk-in Closet: Yes
See Remarks: Yes
MBath Shower/Tub Combo: Yes

Present Zoning

Resid Single Family: Yes

Rooms

Bedroom: Yes
Full Bathroom: Yes
Great Room: Yes
Kitchen: Yes
Laundry: Yes
Master Bathroom: Yes
Master Bedroom: Yes

Utilities

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

Waterview

Gulf: Yes
Other – See Remarks: Yes

Sale Type

As Is: Yes
Other – See Remarks: Yes

Full Bathroom

First: Yes
Second: Yes

Master Bedroom

First: Yes
Second: Yes

Bedroom

Second: Yes
Third: Yes

Cooling

Central Air: Yes
Electric: Yes
Multi Units: Yes

Heating

Fireplace – Gas: Yes

Security Features

Fire Alarm: Yes
Security System: Yes
Smoke Detector(s): Yes

Property Features

Appliances: Dishwasher; Dryer; Ice Maker; Microwave; Oven – Electric; Range – Electric; Refrigerator; Washer Full Bathroom: First; Second Master Bedroom: First; Second Bedroom: Second; Third Cooling: Central Air; Electric; Multi Units Heating: Fireplace – Gas Exterior: Balcony; Deck Open; Fenced Back Yard; Porch Open Financing: Cash; Conventional Furnished: Furnished Interior: Floor – Carpet Kitchen: First Lot Features: Near Beach Access; Near Public Boat Ramp; Within 1/2 Mile to Water Master Bathroom: Second Great Room: First Laundry: First Pool Features: Fenced; Heated – Electric; Inground Security Features: Fire Alarm; Security System; Smoke Detector(s) Rooms: Bedroom; Full Bathroom; Great Room; Kitchen; Laundry; Master Bathroom; Master Bedroom Sale Type: As Is; Other – See Remarks Utilities: Electricity – Connected; Public Sewer – Connected; Public Water – Connected Waterfront Feature: Shore – Beach; Other – See Remarks Waterview: Gulf; Other – See Remarks Present Zoning: Resid Single Family

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Master Bedroom	First	12 x 11	12.00	11.00	Direct Pool access
Full Bathroom	First	9 x 5	9.00	5.00	En-Suite + Guest
Laundry	First	10 x 8	10.00	8.00
Great Room	First	18 x 13	18.00	13.00
Kitchen	First	18 x 14	18.00	14.00
Master Bedroom	Second	18 x 16	18.00	16.00	Gulf-View Balcony
Master Bathroom	Second	13 x 9	13.00	9.00	En-suite
Bedroom	Second	13 x 12	13.00	12.00
Full Bathroom	Second	8 x 6	8.00	6.00	En-suite
Bedroom	Third	25 x 18	25.00	18.00	Gulf-View Terrace Balcony

Listing Office: CENTURY 21 Ryan Realty Inc

Last Updated: April – 29 – 2026

Information deemed reliable but not guaranteed.