5518 Gulf Drive, Panama City, FL 32408
$1,599,000
Property Type:
Residential
Bedrooms:
4
Baths:
4
Square Footage:
2,414
Lot Size (sq. ft.):
5,663
Status:
Active
Current Price:
$1,599,000
List Date:
4/02/2026
Last Modified:
4/02/2026
Listing Details MLS# 787812
Contract Info
- List Price/SqFt
- 662.39
Location
- Area
- 03 – Bay County – Beach
- Street #
- 5518
- 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
- 32296-010-000
- Elementary School
- Patronis
- Middle School
- Surfside
- High School
- Arnold
- Directions
- From Thomas Dr TURN SOUTH onto Biltmore Drive. Home will be on left on corner of Gulf Drive and Biltmore Drive.
- Legal Description
- GULF LAGOON BEACH LOT 12 BLK 7 ORB 4566 P 1527
General Property Info
- Sub-Type
- Detached Single Family
- Design
- Beach House
- Apx SqFt(Htd/Cooled)
- 2414
- SqFt Source
- Prop App Site
- Full Baths
- 3
- Half Baths
- Yes
- Total Baths
- 4
- # of Stories in Building
- 2
- Year Built
- 2019
- Construction Status
- Construction Complete
- New Construction
- No
- Garage Y/N
- No
- Driveway Spaces
- 4
- Lot Dimensions
- 50×118
- Acreage
- 0.13
- Lot Size (SqFt)
- 5663
- Pool
- Yes
- Pool Type
- Private
Listing Info, Tax and Legal
- HOA Fee
- No
- New Buyer Fee
- No
- Last Taxes
- 12942
- Last Tax Year
- 2025
- Brokerage Interest
- No Interest
Remarks & Misc
- Remarks
- Gulf views, directly across from the beach AND beach access–5518 Gulf Drive offers the ideal blend of location, space, and flexibility, making it ideal as second home rental investment, with the benefit of no HOA. Situated on a large corner lot on the east end of Panama City Beach, this home is designed with both comfort and functionality in mind. Newer construction and featuring a spacious living and kitchen area that opens to a private pool and a large patio with both covered and uncovered spaces–perfectly blending indoor and outdoor living for easy gathering and entertaining.The thoughtful layout includes two primary suites, along with two additional bedrooms with en suite baths, and 2 sets of full bunks – enhancing it's versatility to host large groups without sacrificing privacy. The private pool makes this a true vacation-style setting, while the front porch and expansive second-floor deck offer additional outdoor living spaces to enjoy Gulf views and coastal breezes. The corner lot provides ample parking–a rare and valuable feature this close to the beach. With short-term rentals allowed, a highly functional floor plan, and a location just moments from the sand, this property presents an exceptional opportunity to own your piece of paradise at the beach!
Bunk Room
- Second
- Yes
More Information
Pool Features
- Fenced
- Yes
- Inground
- Yes
Appliances
- Dishwasher
- Yes
- Disposal
- Yes
- Dryer
- Yes
- Microwave
- Yes
- Oven – Electric
- Yes
- Range – Electric
- Yes
- Washer
- Yes
- Water Heater – Tankless
- Yes
Interior Features
- Breakfast Bar
- Yes
- Floor – Tile
- Yes
- Floor – Vinyl Plank
- Yes
- Kitchen Island
- Yes
- Lock Out Closet
- Yes
- Pantry
- Yes
- Window – Treatment All
- Yes
Construction/Siding
- Roof – Metal
- Yes
- Siding – Hardie Board
- Yes
Exterior
- Balcony
- Yes
- Deck Covered
- Yes
- Deck Open
- Yes
- Fenced Lot-Part
- Yes
- Shower
- Yes
- Patio Covered
- Yes
- Patio Open
- Yes
Furnished
- Furnished
- Yes
Interior
- Bunk Room
- Yes
Kitchen
- First
- Yes
Living Room
- First
- Yes
Lot Features
- Corner Lot
- Yes
- Landscaped
- Yes
- Near Beach Access
- Yes
- Within 1/2 Mile to Water
- Yes
Lot Access
- Paved Road
- Yes
Parking Features
- Additional Parking
- Yes
- Oversized
- Yes
- Paver Block
- Yes
Mstr Bath / Mstr Bdrm
- MBath Double Vanity
- Yes
- MBath Separate Shwr
- Yes
- MBed First Floor
- Yes
- MBed Walk-in Closet
- Yes
Present Zoning
- Resid Single Family
- Yes
Rooms
- Bedroom
- Yes
- Bunk Room
- Yes
- Kitchen
- Yes
- Living Room
- Yes
- Master Bedroom
- Yes
Utilities
- Electricity – Connected
- Yes
- Garbage
- Yes
- Internet – Broadband Available
- Yes
- Private Well – Shared
- Yes
- Sewer Available
- Yes
- Public Water – Available
- Yes
Waterview
- Gulf
- Yes
Master Bedroom
- First
- Yes
- Second
- Yes
Bedroom
- Second
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Electric
- Yes
Heating
- Electric
- Yes
Property Features
Appliances:
Dishwasher; Disposal; Dryer; Microwave; Oven – Electric; Range – Electric; Washer; Water Heater – Tankless
Master Bedroom:
First; Second
Bedroom:
Second
Cooling:
Ceiling Fan(s); Electric
Heating:
Electric
Exterior:
Balcony; Deck Covered; Deck Open; Fenced Lot-Part; Shower; Patio Covered; Patio Open
Furnished:
Furnished
Interior:
Bunk Room
Kitchen:
First
Living Room:
First
Lot Features:
Corner Lot; Landscaped; Near Beach Access; Within 1/2 Mile to Water
Lot Access:
Paved Road
Bunk Room:
Second
Pool Features:
Fenced; Inground
Parking Features:
Additional Parking; Oversized; Paver Block
Rooms:
Bedroom; Bunk Room; Kitchen; Living Room; Master Bedroom
Utilities:
Electricity – Connected; Garbage; Internet – Broadband Available; Private Well – Shared; Sewer Available; Public Water – Available
Waterview:
Gulf
Present Zoning:
Resid Single Family
Room Information
| Room Name | Level | Dimensions | Length | Width |
|---|---|---|---|---|
| Living Room | First | 20 x 18 | 20.00 | 18.00 |
| Kitchen | First | 12 x 12 | 12.00 | 12.00 |
| Master Bedroom | First | 17 x 14 | 17.00 | 14.00 |
| Master Bedroom | Second | 17 x 14 | 17.00 | 14.00 |
| Bedroom | Second | 12 x 11 | 12.00 | 11.00 |
| Bedroom | Second | 12 x 11 | 12.00 | 11.00 |
| Bedroom | Second | 12 x 10 | 12.00 | 10.00 |
| Bunk Room | Second | 12 x 8 | 12.00 | 8.00 |
Listing Office:
The Premier Property Group
Last Updated: April – 02 – 2026
Information deemed reliable but not guaranteed.