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.