5935 Gulf Drive, Panama City Beach, FL 32408
New Listing
$5,900,000
Property Type:
Residential
Bedrooms:
8
Baths:
8
Square Footage:
5,662
Lot Size (sq. ft.):
11,326
Status:
Active
Current Price:
$5,900,000
List Date:
3/04/2026
Last Modified:
3/04/2026
Description
Set along the sugar-white shoreline of Panama City Beach, 5935 Gulf Drive presents a rare opportunity to own one of the limited Gulf-front residences within Hadley’s Beach, an intimate community of just 20 homes. Only 10 of these residences enjoy a true Gulf-front setting, making this offering one of the final chances to secure a direct waterfront home in this thoughtfully designed enclave where short-term rentals are permitted.
Spanning 5,662 square feet, this newly constructed residence by Thor Construction & Design blends refined coastal architecture with modern luxury across three levels. Designed to capture uninterrupted views of the Gulf, the home features floor-to-ceiling windows that frame the shifting blues of the water and flood the interiors with natural light. From the back door, steps lead directly to the white sand and turquoise shoreline, creating a seamless connection between the home and the beach beyond.
The residence offers eight spacious bedrooms, seven full bathrooms and one-half bathroom, thoughtfully arranged to accommodate both privacy and gathering. The second floor serves as the heart of the home, where the main living area and chef’s kitchen open toward expansive Gulf views. Generous proportions, clean architectural lines, and elegant finishes create a space that is both sophisticated and welcoming for entertaining.
Elevated above it all, the third-floor primary suite offers a private retreat with its own lounge area overlooking the Gulf–an ideal setting for quiet mornings or sunset views along the coast.
Outdoor living is equally considered. More than 1,300 square feet of porch space invites open-air dining, relaxed conversation, and panoramic waterfront vistas. A private pool offers another place to unwind after a day on the beach, while the home’s elevator and garage add everyday convenience.
Offered fully furnished, the residence is designed for effortless enjoyment from the moment you arrive. With direct Gulf frontage, generous living spaces, and refined construction, 5935 Gulf Drive embodies the elevated coastal lifestyle that defines Panama City Beach’s most coveted waterfront homes.
More Information MLS# 786270
Listing Info, Tax and Legal
HOA Fee: Yes
HOA Amount: 500
HOA Frequency: Annually
HOA Annual Amount: 500
New Buyer Fee: No
Last Taxes: 20285
Last Tax Year: 2025
Brokerage Interest: Ownership Interest – Listing Broker/Salesperson has ownership interest in the property.
As Is: No
Contract Info
List Price/SqFt: 1042.03
Status: Active
List Date: 2026-03-04
List Price: $5,900,000
Current Price: $5,900,000
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 Thomas Drive, turn right on Crescent and left on Gulf Drive. Home sits on right.
Area: 03 – Bay County – Beach
Street #: 5935
Street Name: Gulf
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: Hadley’s Beach
Parcel ID: 30932-100-090
Legal Description: HADLEY’S BEACH LOT 9 ORB 4629 P 469
General Property Info
Acreage: 0.26
Design: Beach House
Lot Size (SqFt): 11326
Apx SqFt(Htd/Cooled): 5662
Construction Status: Under Construction
SqFt Source: Builders Plans
Balcony SqFt: 1302
Half Baths: 1
Lot Dimensions: 48’x225′
New Construction: Yes
Garage Y/N: Yes
Garage Spaces: 1
Driveway Spaces: 2
Pool: Yes
Pool Type: Private
Sub-Type: Detached Single Family
Bedrooms: 8
Full Baths: 7
Total Baths: 8
Year Built: 2025
Remarks & Misc
Remarks: Set along the sugar-white shoreline of Panama City Beach, 5935 Gulf Drive presents a rare opportunity to own one of the limited Gulf-front residences within Hadley’s Beach, an intimate community of just 20 homes. Only 10 of these residences enjoy a true Gulf-front setting, making this offering one of the final chances to secure a direct waterfront home in this thoughtfully designed enclave where short-term rentals are permitted.
Spanning 5,662 square feet, this newly constructed residence by Thor Construction & Design blends refined coastal architecture with modern luxury across three levels. Designed to capture uninterrupted views of the Gulf, the home features floor-to-ceiling windows that frame the shifting blues of the water and flood the interiors with natural light. From the back door, steps lead directly to the white sand and turquoise shoreline, creating a seamless connection between the home and the beach beyond.
The residence offers eight spacious bedrooms, seven full bathrooms and one-half bathroom, thoughtfully arranged to accommodate both privacy and gathering. The second floor serves as the heart of the home, where the main living area and chef’s kitchen open toward expansive Gulf views. Generous proportions, clean architectural lines, and elegant finishes create a space that is both sophisticated and welcoming for entertaining.
Elevated above it all, the third-floor primary suite offers a private retreat with its own lounge area overlooking the Gulf–an ideal setting for quiet mornings or sunset views along the coast.
Outdoor living is equally considered. More than 1,300 square feet of porch space invites open-air dining, relaxed conversation, and panoramic waterfront vistas. A private pool offers another place to unwind after a day on the beach, while the home’s elevator and garage add everyday convenience.
Offered fully furnished, the residence is designed for effortless enjoyment from the moment you arrive. With direct Gulf frontage, generous living spaces, and refined construction, 5935 Gulf Drive embodies the elevated coastal lifestyle that defines Panama City Beach’s most coveted waterfront homes.
Dining Room
Second: 1
Garage
First: 1
Pool Features
Inground: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Oven – Gas: 1
Range – Gas: 1
Refrigerator: 1
Washer: 1
Water Heater – Tankless: 1
Interior Features
Elevator: 1
Stairs: 1
Construction/Siding
Roof – Metal: 1
Siding – Hardie Board: 1
Exterior
Balcony: 1
Deck Enclosed: 1
Patio Covered: 1
Storm Doors: 1
Storm Windows: 1
Waterfront Feature
Waterfront Feet: 48 feet
Association Fees Include
Accounting: 1
Management: 1
Financing
Cash: 1
Conventional: 1
Furnished
Furnished: 1
Kitchen
Second: 1
Living Room
Second: 1
Lot Features
Waterfront: 1
Within 1/2 Mile to Water: 1
Lot Access
Paved Road: 1
Parking Features
Driveway: 1
Garage Attached: 1
Mstr Bath / Mstr Bdrm
MBed Balcony: 1
Present Zoning
Resid Single Family: 1
Association Amenities
Beach: 1
Rooms
Bedroom: 1
Dining Room: 1
Garage: 1
Kitchen: 1
Living Room: 1
Master Bedroom: 1
Utilities
Electricity – Connected: 1
Natural Gas – Connected: 1
Public Sewer – Connected: 1
Public Water – Connected: 1
Underground Utilities: 1
Waterview
Gulf: 1
Waterfront Type
Gulf: 1
Master Bedroom
Third: 1
Bedroom
First: 1
Second: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Heating
Central: 1
Electric: 1
Property Features
Appliances: Dishwasher; Dryer; Microwave; Oven – Gas; Range – Gas; Refrigerator; Washer; Water Heater – Tankless
Master Bedroom: Third
Bedroom: First; Second
Cooling: Ceiling Fan(s); Central Air; Electric
Heating: Central; Electric
Exterior: Balcony; Deck Enclosed; Patio Covered; Storm Doors; Storm Windows
Association Fees Include: Accounting; Management
Financing: Cash; Conventional
Furnished: Furnished
Kitchen: Second
Living Room: Second
Lot Features: Waterfront; Within 1/2 Mile to Water
Lot Access: Paved Road
Dining Room: Second
Garage: First
Pool Features: Inground
Parking Features: Driveway; Garage Attached
Association Amenities: Beach
Rooms: Bedroom; Dining Room; Garage; Kitchen; Living Room; Master Bedroom
Utilities: Electricity – Connected; Natural Gas – Connected; Public Sewer – Connected; Public Water – Connected; Underground Utilities
Waterfront Type: Gulf
Waterview: Gulf
Present Zoning: Resid Single Family
Room Information
Bedroom
Level: First
Dimensions: 14.4 x 14
Length: 14.40
Width: 14.00
Dimensions: 14.4 x 14
Garage
Level: First
Dimensions: 20 x 14
Length: 20.00
Width: 14.00
Dimensions: 20 x 14
Bedroom
Level: First
Dimensions: 12.7 x 13.5
Length: 12.70
Width: 13.50
Dimensions: 12.7 x 13.5
Bedroom
Level: First
Dimensions: 12.6 x 13.5
Length: 12.60
Width: 13.50
Dimensions: 12.6 x 13.5
Living Room
Level: Second
Dimensions: 19.1 x 19.1
Length: 19.10
Width: 19.10
Dimensions: 19.1 x 19.1
Kitchen
Level: Second
Dimensions: 14 x 19
Length: 14.00
Width: 19.00
Dimensions: 14 x 19
Dining Room
Level: Second
Dimensions: 12.6 x 19
Length: 12.60
Width: 19.00
Dimensions: 12.6 x 19
Bedroom
Level: Second
Dimensions: 16.1 x 15.6
Length: 16.10
Width: 15.60
Dimensions: 16.1 x 15.6
Bedroom
Level: Second
Dimensions: 14.4 x 14
Length: 14.40
Width: 14.00
Dimensions: 14.4 x 14
Master Bedroom
Level: Third
Dimensions: 18.9 x 20
Length: 18.90
Width: 20.00
Dimensions: 18.9 x 20
Master Bedroom
Level: Third
Dimensions: 18 x 19
Length: 18.00
Width: 19.00
Dimensions: 18 x 19
Remarks: sitting area
Listing Office:
Corcoran Reverie
Last Updated: March – 04 – 2026
Information deemed reliable but not guaranteed.