5903 Gulf Drive, Panama City Beach, FL 32408 (MLS# 786283)

5903 Gulf Drive, Panama City Beach, FL 32408

$1,799,500

The room features a serene "sea-foam" blue ceiling, crisp white shiplap walls, and light-toned wide-plank flooring that enhances the bright, airy atmosphere.

Floor-to-ceiling glass sliders and windows frame breathtaking, unobstructed views of the Gulf of Mexico, seamlessly blending the indoor living space with the emerald waters outside.

A sleek, linear electric fireplace provides a cozy focal point beneath the large wall-mounted TV, while a contemporary wood-bladed ceiling fan ensures comfort year-round.

Floor-to-ceiling glass sliders and expansive windows serve as a living canvas, framing breathtaking, unobstructed views of the emerald Gulf waters and pristine white sands.

The open-concept layout flows effortlessly into a dining area and gourmet kitchen, featuring designer lighting fixtures and high-end wicker seating.

The Coastal dining area flows into the gourmet kitchen.

The modern dining area features a designer fandelier, shiplap walls, and panoramic Gulf views.

The heart of the home features a premium granite breakfast bar, offering a seamless transition from the kitchen to the open-concept living area. This inviting space is ideal for morning coffee or quick bites, all while enjoying the panoramic Gulf views.

The fully equipped kitchen with designer lighting and all-new accessories is perfectly curated for the coastal lifestyle.

The bright kitchen workspace showcases granite countertops & a stone tile backsplash.

"It's 5'oclock somewhere!" Palapa House is the perfect place to wind down in the evening with a charcuterie board and a glass of wine, all while taking in the coastal sunset glow.

The second floor primary bedroom offers a king sized bed, an abundance of natural light, and relaxing coastal décor.

The second floor full bathroom is located just outside of the primary bedroom.

The guest bath features a refined tub/shower retreat, accented by a custom-tiled surround and dual-tier built-in niches for effortless organization. A thoughtfully placed privacy window draws in soft natural light, highlighting the clean, modern finishes.

Laundry area with washer, dryer, and built-in shelving for storage.

Entry hall with clean coastal finishes and access to 2 guest bedrooms and a full bathroom.

First floor guest bedroom with a queen bed, built-in Twin XL bunks and bright coastal décor.

Built-in Twin XL bunk beds provide comfortable sleeping space for guests. There is also a trundle bed below.

The first floor bathroom is conveniently located between the two first floor bedrooms.

This modern vanity with gold fixtures and natural wood cabinetry is located on the first floor.

First floor bathroom with tiled walk-in shower and updated fixtures.

Hallway view with sliding barn door leading into the bright living space on the first floor.

The elegant sleeper sofa in this bedroom offers comfortable accommodations for two additional guests. As well as an additional living space on the first floor.

This first floor living/sleeping area offers direct access to the Gulf-front deck.

Experience breathtaking sunrises and sunsets from the private balcony of Palapa House. This second-story retreat offers plush lounge seating and unobstructed, panoramic Gulf views.

Step onto the first-floor covered deck for the ultimate alfresco dining experience. Outfitted with high-end Sunbrella outdoor furniture, this shaded retreat offers unobstructed, panoramic Gulf views—perfect for long lunches by the water.

Your private boardwalk to paradise. At Palapa House, the emerald Gulf and sugar-white sands are just a few steps from your back deck.

The crown jewel of Palapa House: a rare, city-approved private palapa situated on your own deeded sand. With property lines extending all the way to the water’s edge, this beachfront sanctuary features a freshly re-thatched roof (Fall 2025), offering a shaded tropical escape at the very edge of the Gulf.

Kick off your shoes and truly unwind at the water’s edge. This isn't just a view—it's deeded ownership of the sand all the way to the Gulf where you can retreat under the shade of your private Palapa. Whether it's morning coffee or an evening glass of wine, this is the ultimate luxury of living exactly where the shore begins.

Unrivaled coastal ownership. This property includes deeded land from the street to the water line, making your private, city-approved beach palapa a rare legal asset.

Boundary lines shown are approximate and for illustrative purposes only. Information is deemed reliable but not guaranteed. Buyer is encouraged to review the available boundary survey and verify all property dimensions.

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,296 Lot Size (sq. ft.): 3,485 Status: Active

Current Price: $1,799,500 List Date: 3/05/2026 Last Modified: 3/12/2026

Overview

Description

Gulf Front | Rare Deeded Land to the Water's Edge | No HOA! Welcome to The Palapa House, a Gulf-front residence positioned directly on the sugar-white sands of the Gulf of America, with deeded ownership extending to the water's edge. Fewer than 7% of Gulf-front parcels in Panama City Beach offer this level of private beachfront ownership, making opportunities like this exceptionally rare. Originally designed by the architects of Regency Towers, the home is positioned farther onto the beach than neighboring properties, ensuring unobstructed panoramic Gulf views to the east and west. Step from your back door onto your private stretch of beach or relax beneath the city-approved private Palapa, made possible by the extended property lines reaching the water's edge. The palapa's thatched roof was replaced in Fall 2025. The upstairs Gulf-front balcony is accessed from the main family room and offers sweeping sunrise & sunset views. On the lower level, a beachside deck is accessib … (Read more) Gulf Front | Rare Deeded Land to the Water’s Edge | No HOA! Welcome to The Palapa House, a Gulf-front residence positioned directly on the sugar-white sands of the Gulf of America, with deeded ownership extending to the water’s edge. Fewer than 7% of Gulf-front parcels in Panama City Beach offer this level of private beachfront ownership, making opportunities like this exceptionally rare. Originally designed by the architects of Regency Towers, the home is positioned farther onto the beach than neighboring properties, ensuring unobstructed panoramic Gulf views to the east and west. Step from your back door onto your private stretch of beach or relax beneath the city-approved private Palapa, made possible by the extended property lines reaching the water’s edge. The palapa’s thatched roof was replaced in Fall 2025. The upstairs Gulf-front balcony is accessed from the main family room and offers sweeping sunrise & sunset views. On the lower level, a beachside deck is accessible from the second bedroom and opens directly to the sand. A private boardwalk extends from the front porch to the beach, and an exterior shower on the rear boardwalk provides convenient sand removal after leaving the beach. Major improvements include a new GAF roof system with new roof decking and fascia board, backed by a 15-year wind and material warranty installed in July 2025. A new Siemens 200-amp circuit breaker panel with corrosion-resistant copper wiring was installed in 2025. The exterior was upgraded with Tyvek vapor barrier, Hardie plank siding and trim, and fully painted with Sherwin-Williams exterior paint. All decks were stained with Super Deck marine stain and all windows were freshly caulked. The home passed a professional 4-point and wind inspection in 2025, resulting in a 17% reduction in homeowners insurance premium. The interior and exterior have been freshly painted and luxury vinyl plank flooring runs throughout the home. Additional upgrades include new ceiling fans, updated bathroom light fixtures, new smart TVs with upgraded WiFi, new locks and security features, new kitchen accessories, and solar film installed on all windows to improve energy efficiency during extreme weather conditions. The living room features a 3-D glass electric fireplace with optional heat and color-changing flame. New lighting and updated family room, dining room, and bedroom furniture and accessories enhance the home’s coastal design. The kitchen and baths were previously remodeled, and the home is offered beautifully furnished. Appliances include electric range, microwave, dishwasher, refrigerator, washer and dryer. This three-bedroom home comfortably sleeps 11, including Twin XL bunks, a newer queen mattress in the downstairs bunk room, and a queen sleeper sofa. The primary bedroom is located on the second floor for privacy and separation. Exterior features include mature palm trees, an 8×40 privacy fence, covered porch areas, private driveway parking, and two beach decks with custom cable rails. High-end Sunbrella outdoor furniture was added in April 2021. The property consistently rents more than 200 days per year with documented rental income available upon request. Daily and weekly rental structure is already in place. Flood insurance remains favorable due to grandfathered mapping status. Located near St. Andrew State Park, Shell Island, marinas, waterfront dining, and public boat access, this is Gulf-front ownership at its rarest. Private, deeded, income-producing, and architecturally positioned for unobstructed views. This is not simply a beach house. It is a generational Gulf-front asset.

Listing Details MLS# 786283

Contract Info

List Price/SqFt: 1388.5

Location

Area: 03 – Bay County – Beach
Street #: 5903
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: Yes
Gulf Access: Yes
Parcel ID: 30571-010-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Travel south on Navy Blvd. Turn right at the big curve onto Thomas Dr. Turn left onto Nova St. next to Regency Towers. At the end of Nova St., turn left. 5903 Gulf Dr is the last house on the right.
Legal Description: 8-4S-15W -17.1- BEG 374.25' SWLY OF NW COR LOT 11 BLK 13 GULF LAGOON BEACH TH NWLY 14' SWLY 246' TO GULF SELY TO PT NELY 246' TO POB AKA PT LOT 77 BLK 13 SACH'S UNREC TOG/W EAS ORB 4487 P 1769

General Property Info

Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 1296
SqFt Source: Prop App Site
Full Baths: 2
Total Baths: 2
# of Stories in Building: 2
Year Built: 1982
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 14×246
Acreage: 0.08
Lot Size (SqFt): 3485
Pool: No

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 8599
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: Gulf Front | Rare Deeded Land to the Water's Edge | No HOA! Welcome to The Palapa House, a Gulf-front residence positioned directly on the sugar-white sands of the Gulf of America, with deeded ownership extending to the water's edge. Fewer than 7% of Gulf-front parcels in Panama City Beach offer this level of private beachfront ownership, making opportunities like this exceptionally rare. Originally designed by the architects of Regency Towers, the home is positioned farther onto the beach than neighboring properties, ensuring unobstructed panoramic Gulf views to the east and west. Step from your back door onto your private stretch of beach or relax beneath the city-approved private Palapa, made possible by the extended property lines reaching the water's edge. The palapa's thatched roof was replaced in Fall 2025. The upstairs Gulf-front balcony is accessed from the main family room and offers sweeping sunrise & sunset views. On the lower level, a beachside deck is accessible from the second bedroom and opens directly to the sand. A private boardwalk extends from the front porch to the beach, and an exterior shower on the rear boardwalk provides convenient sand removal after leaving the beach. Major improvements include a new GAF roof system with new roof decking and fascia board, backed by a 15-year wind and material warranty installed in July 2025. A new Siemens 200-amp circuit breaker panel with corrosion-resistant copper wiring was installed in 2025. The exterior was upgraded with Tyvek vapor barrier, Hardie plank siding and trim, and fully painted with Sherwin-Williams exterior paint. All decks were stained with Super Deck marine stain and all windows were freshly caulked. The home passed a professional 4-point and wind inspection in 2025, resulting in a 17% reduction in homeowners insurance premium. The interior and exterior have been freshly painted and luxury vinyl plank flooring runs throughout the home. Additional upgrades include new ceiling fans, updated bathroom light fixtures, new smart TVs with upgraded WiFi, new locks and security features, new kitchen accessories, and solar film installed on all windows to improve energy efficiency during extreme weather conditions. The living room features a 3-D glass electric fireplace with optional heat and color-changing flame. New lighting and updated family room, dining room, and bedroom furniture and accessories enhance the home's coastal design. The kitchen and baths were previously remodeled, and the home is offered beautifully furnished. Appliances include electric range, microwave, dishwasher, refrigerator, washer and dryer. This three-bedroom home comfortably sleeps 11, including Twin XL bunks, a newer queen mattress in the downstairs bunk room, and a queen sleeper sofa. The primary bedroom is located on the second floor for privacy and separation. Exterior features include mature palm trees, an 8×40 privacy fence, covered porch areas, private driveway parking, and two beach decks with custom cable rails. High-end Sunbrella outdoor furniture was added in April 2021. The property consistently rents more than 200 days per year with documented rental income available upon request. Daily and weekly rental structure is already in place. Flood insurance remains favorable due to grandfathered mapping status. Located near St. Andrew State Park, Shell Island, marinas, waterfront dining, and public boat access, this is Gulf-front ownership at its rarest. Private, deeded, income-producing, and architecturally positioned for unobstructed views. This is not simply a beach house. It is a generational Gulf-front asset.

Balcony

Second: Yes

More Information

Family Room

Second: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range – Electric: Yes
Refrigerator: Yes
Washer: Yes
Water Heater – Electric: Yes

Interior Features

Breakfast Bar: Yes
Floor – Vinyl Plank: Yes
Lighting – Recessed: Yes
Lock Out Closet: Yes
Window – Treatment All: Yes

Construction/Siding

Foundation – On Piling: Yes
Wood/Frame: Yes
Roof – Dimensional Shg: Yes
Siding – Hardie Board: Yes
Trim – Hardie Board: Yes

Exterior

Balcony: Yes
Deck Covered: Yes
Fenced Lot-Part: Yes
Shower: Yes

Waterfront Feature

Shore – Beach: Yes

Other Structures

Other: Yes

Financing

Cash: Yes
Conventional: Yes
VA: Yes

Furnished

Furnished: Yes

Kitchen

Second: Yes

Lot Features

Deeded Access: Yes
Deeded Access Water: Yes
Near Public Boat Ramp: Yes
Survey Available: Yes
Waterfront: Yes
Within 1/2 Mile to Water: Yes

Lot Access

Paved Road: Yes

Parking Features

Driveway: Yes

Mstr Bath / Mstr Bdrm

MBath Shower/Tub Combo: Yes

Present Zoning

Resid Single Family: Yes

Rooms

Balcony: Yes
Bedroom: Yes
Family Room: Yes
Full Bathroom: Yes
Kitchen: Yes

Showing

ShowingTime: Yes

Utilities

TV Cable: Yes
Electricity – Connected: Yes
Internet – Broadband Available: Yes
Lift Station: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Waterview

Gulf: Yes

Sale Type

As Is: Yes

Full Bathroom

First: Yes
Second: Yes

Waterfront Type

Gulf: Yes

Bedroom

First: Yes
Second: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Mini-Split/Ductless: Yes

Heating

Central: Yes
Electric: Yes
Fireplace – Electric: Yes
Mini-Split/Ductless: Yes

Security Features

Carbon Monoxide Detector: Yes
Security Lights: Yes
Smoke Detector(s): Yes

Property Features

Appliances: Dishwasher; Disposal; Dryer; Microwave; Range – Electric; Refrigerator; Washer; Water Heater – Electric Full Bathroom: First; Second Bedroom: First; Second Cooling: Ceiling Fan(s); Central Air; Mini-Split/Ductless Heating: Central; Electric; Fireplace – Electric; Mini-Split/Ductless Exterior: Balcony; Deck Covered; Fenced Lot-Part; Shower Financing: Cash; Conventional; VA Furnished: Furnished Kitchen: Second Lot Features: Deeded Access; Deeded Access Water; Near Public Boat Ramp; Survey Available; Waterfront; Within 1/2 Mile to Water Lot Access: Paved Road Balcony: Second Family Room: Second Security Features: Carbon Monoxide Detector; Security Lights; Smoke Detector(s) Parking Features: Driveway Other Structures: Other Rooms: Balcony; Bedroom; Family Room; Full Bathroom; Kitchen Sale Type: As Is Showing: ShowingTime Utilities: TV Cable; Electricity – Connected; Internet – Broadband Available; Lift Station; Public Sewer – Connected; Public Water – Connected Waterfront Type: Gulf Waterfront Feature: Shore – Beach Waterview: Gulf Present Zoning: Resid Single Family

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Bedroom	First	15 x 13	15.00	13.00	Includes bunk beds
Bedroom	First	10 x 9	10.00	9.00	Gulf front with direct access
Bedroom	Second	15 x 13	15.00	13.00	Gulf views
Family Room	Second	19 x 16	19.00	16.00	Gulf front balcony
Kitchen	Second	10 x 9	10.00	9.00	Breakfast bar
Balcony	Second	13 x 6	13.00	6.00	Expansive Gulf views
Full Bathroom	First	8 x 5	8.00	5.00	Shower only
Full Bathroom	Second	7 x 4	7.00	4.00	Tub/Shower combo

Listing Office: SimpliHOM

Last Updated: March – 12 – 2026

Information deemed reliable but not guaranteed.