5940 Gulf Drive, Panama City Beach, FL 32408
$3,100,000
Property Type:
Residential
Bedrooms:
5
Baths:
7
Square Footage:
4,090
Lot Size (sq. ft.):
5,358
Status:
Under Contract – Taking Backups
Current Price:
$3,100,000
List Date:
1/02/2026
Last Modified:
1/21/2026
Description
Introducing a rare opportunity in Hadley’s Beach an exclusive, low-density Gulf-front community in Panama City Beach. One of just ten first-tier homesites, this newly constructed three-story retreat is purpose-built for luxury living and exceptional rental performance, offering stunning design, panoramic views, and turnkey income potential.
Step into the first floor where a private guest suite and a relaxed secondary living space set the tone for coastal comfort. Expansive sliders open to a covered outdoor kitchen and lounge, perfect for seamless indoor-outdoor entertaining. Just beyond, a heated saltwater pool with a sun shelf and swim deck invites relaxation in a setting just steps from the beach.
Ride the private elevator to the second floor, where 12-foot ceilings and floor-to-ceiling windows frame the breathtaking Gulf. This level features a spacious open-concept living and dining area and a chef’s kitchen outfitted with high-end appliances, premium finishes, and an oversized island built for gathering. A guest bedroom and 1.5 bathrooms offer comfort and flexibility for renters or family.
The third floor delivers privacy and sleeping capacity with two Gulf-facing primary suites featuring spa-style baths and balconies, a custom bunk room designed for families and kids, and an additional guest bedroom with full bath. With 5 bedrooms, 6.5 bathrooms, and multiple living spaces across all three levels, the layout is tailor-made for high-volume short-term rentals.
Every detail has been designed for ease and income from the full fire suppression system meeting all STR code requirements to the garage and oversized driveway with parking for 5+ vehicles, including an EV charger.
Whether you’re seeking a luxury second home, full-time residence, or a rental machine in one of the Gulf Coast’s most coveted beach communities, this Hadley’s Beach home delivers unmatched value, beauty, and return on investment.
More Information MLS# 783122
Listing Info, Tax and Legal
HOA Fee: Yes
HOA Amount: 500
HOA Frequency: Annually
HOA Annual Amount: 500
New Buyer Fee: No
Last Taxes: 5161
Last Tax Year: 2024
Brokerage Interest: No Interest
Contract Info
List Price/SqFt: 757.95
Status: Under Contract – Taking Backups
List Date: 2026-01-01
List Price: $3,100,000
Current Price: $3,100,000
Location
Sub Area: 0323 – Beach – South of Grand Lagoon
Community/Resort: None
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Heading East on Thomas Drive, turn right onto Nova Street and then take the first right onto Gulf Drive which will take you to the community entrance. The community is between the Watercrest Condominium and Regency Towers Condominium.
Area: 03 – Bay County – Beach
Street #: 5940
Street Name: Gulf
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: Hadley’s Beach
Parcel ID: 30932-100-220
Legal Description: HADLEY’S BEACH LOT 22
General Property Info
Acreage: 0.12
Design: Beach House
Lot Size (SqFt): 5358
Apx SqFt(Htd/Cooled): 4090
Construction Status: Construction Complete
SqFt Source: Builders Plans
Half Baths: 1
# of Stories in Building: 3
Lot Dimensions: 100 X 50
New Construction: Yes
Garage Y/N: Yes
Garage Spaces: 1
Driveway Spaces: 4
Pool: Yes
Pool Type: Private
Sub-Type: Detached Single Family
Bedrooms: 5
Full Baths: 6
Total Baths: 7
Year Built: 2025
Remarks & Misc
Remarks: Introducing a rare opportunity in Hadley’s Beach an exclusive, low-density Gulf-front community in Panama City Beach. One of just ten first-tier homesites, this newly constructed three-story retreat is purpose-built for luxury living and exceptional rental performance, offering stunning design, panoramic views, and turnkey income potential.
Step into the first floor where a private guest suite and a relaxed secondary living space set the tone for coastal comfort. Expansive sliders open to a covered outdoor kitchen and lounge, perfect for seamless indoor-outdoor entertaining. Just beyond, a heated saltwater pool with a sun shelf and swim deck invites relaxation in a setting just steps from the beach.
Ride the private elevator to the second floor, where 12-foot ceilings and floor-to-ceiling windows frame the breathtaking Gulf. This level features a spacious open-concept living and dining area and a chef’s kitchen outfitted with high-end appliances, premium finishes, and an oversized island built for gathering. A guest bedroom and 1.5 bathrooms offer comfort and flexibility for renters or family.
The third floor delivers privacy and sleeping capacity with two Gulf-facing primary suites featuring spa-style baths and balconies, a custom bunk room designed for families and kids, and an additional guest bedroom with full bath. With 5 bedrooms, 6.5 bathrooms, and multiple living spaces across all three levels, the layout is tailor-made for high-volume short-term rentals.
Every detail has been designed for ease and income from the full fire suppression system meeting all STR code requirements to the garage and oversized driveway with parking for 5+ vehicles, including an EV charger.
Whether you’re seeking a luxury second home, full-time residence, or a rental machine in one of the Gulf Coast’s most coveted beach communities, this Hadley’s Beach home delivers unmatched value, beauty, and return on investment.
Balcony
Second: 1
Third: 1
Bunk Room
Third: 1
Dining Room
Second: 1
Garage
First: 1
Great Room
Second: 1
Laundry
First: 1
Other
First: 1
Pool Features
Heated – Gas: 1
Inground: 1
Saltwater: 1
Appliances
Bar Fridge: 1
Cooktop – Gas: 1
Dishwasher: 1
Disposal: 1
Dryer: 1
Ice Maker: 1
Microwave: 1
Oven – Gas: 1
Range – Gas: 1
Range Hood: 1
Refrigerator: 1
Washer: 1
Water Heater – Gas: 1
Water Heater – Tankless: 1
Interior Features
Ceiling – Beamed: 1
Elevator: 1
Floor – Tile: 1
Floor – Vinyl Plank: 1
Kitchen Island: 1
Lighting – Recessed: 1
Construction/Siding
Concrete: 1
Foundation – Slab on Grade: 1
Wood/Frame: 1
Roof – Metal: 1
Siding – Hardie Board: 1
Trim – Hardie Board: 1
Exterior
Balcony: 1
Built-in Barbecue/Grill: 1
Deck Covered: 1
Fenced Privacy: 1
Summer Kitchen: 1
Shower: 1
Patio Covered: 1
Association Fees Include
Accounting: 1
Legal: 1
Furnished
Furnished: 1
Interior
Bunk Room: 1
Smart Thermostat: 1
Kitchen
Second: 1
Living Room
First: 1
Lot Features
Near Beach Access: 1
Lot Access
County Road: 1
Parking Features
Driveway: 1
Electric Vehicle Charging Station(s): 1
Garage Attached: 1
Paver Block: 1
Mstr Bath / Mstr Bdrm
MBath Double Vanity: 1
MBath Garden Tub: 1
MBath Separate Shwr: 1
MBed Balcony: 1
MBed Walk-in Closet: 1
Rooms
Balcony: 1
Bedroom: 1
Bunk Room: 1
Dining Room: 1
Garage: 1
Great Room: 1
Kitchen: 1
Laundry: 1
Living Room: 1
Master Bedroom: 1
Other: 1
Utilities
Cable – Available: 1
Garbage: 1
Natural Gas – Available: 1
Natural Gas – Connected: 1
Internet – Fiber Optic: 1
Sewer Available: 1
Public Water – Available: 1
Underground Utilities: 1
Waterview
Gulf: 1
Sale Type
As Is: 1
Master Bedroom
Third: 1
Bedroom
First: 1
Second: 1
Third: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Heating
Electric: 1
Security Features
Carbon Monoxide Detector: 1
Fire Alarm: 1
Fire Sprinkler System: 1
Smoke Detector(s): 1
Status Change Info
Under Contract Date: 2026-01-21
Property Features
Appliances: Bar Fridge; Cooktop – Gas; Dishwasher; Disposal; Dryer; Ice Maker; Microwave; Oven – Gas; Range – Gas; Range Hood; Refrigerator; Washer; Water Heater – Gas; Water Heater – Tankless
Master Bedroom: Third
Bedroom: First; Second; Third
Cooling: Ceiling Fan(s); Central Air; Electric
Heating: Electric
Exterior: Balcony; Built-in Barbecue/Grill; Deck Covered; Fenced Privacy; Summer Kitchen; Shower; Patio Covered
Association Fees Include: Accounting; Legal
Furnished: Furnished
Interior: Bunk Room; Smart Thermostat
Kitchen: Second
Living Room: First
Lot Features: Near Beach Access
Lot Access: County Road
Balcony: Second; Third
Bunk Room: Third
Dining Room: Second
Great Room: Second
Garage: First
Laundry: First
Other: First
Pool Features: Heated – Gas; Inground; Saltwater
Security Features: Carbon Monoxide Detector; Fire Alarm; Fire Sprinkler System; Smoke Detector(s)
Parking Features: Driveway; Electric Vehicle Charging Station(s); Garage Attached; Paver Block
Rooms: Balcony; Bedroom; Bunk Room; Dining Room; Garage; Great Room; Kitchen; Laundry; Living Room; Master Bedroom; Other
Sale Type: As Is
Utilities: Cable – Available; Garbage; Internet – Fiber Optic; Natural Gas – Available; Natural Gas – Connected; Sewer Available; Public Water – Available; Underground Utilities
Waterview: Gulf
Room Information
Bedroom
Level: First
Dimensions: 16 x 136
Length: 16.00
Width: 136.00
Dimensions: 16 x 136
Remarks: Bedroom 1
Living Room
Level: First
Dimensions: 236 x 17
Length: 236.00
Width: 17.00
Dimensions: 236 x 17
Remarks: Game Room
Garage
Level: First
Dimensions: 13 x 22
Length: 13.00
Width: 22.00
Dimensions: 13 x 22
Laundry
Level: First
Dimensions: 72 x 8
Length: 72.00
Width: 8.00
Dimensions: 72 x 8
Other
Level: First
Dimensions: 196 x 126
Length: 196.00
Width: 126.00
Dimensions: 196 x 126
Remarks: Lanai
Bedroom
Level: Second
Dimensions: 12 x 122
Length: 12.00
Width: 122.00
Dimensions: 12 x 122
Remarks: Bedroom 2
Kitchen
Level: Second
Dimensions: 17 x 136
Length: 17.00
Width: 136.00
Dimensions: 17 x 136
Dining Room
Level: Second
Dimensions: 126 x 184
Length: 126.00
Width: 184.00
Dimensions: 126 x 184
Great Room
Level: Second
Dimensions: 246 x 184
Length: 246.00
Width: 184.00
Dimensions: 246 x 184
Balcony
Level: Second
Dimensions: 142 x 8
Length: 142.00
Width: 8.00
Dimensions: 142 x 8
Remarks: Bedroom 2 Balcony
Balcony
Level: Second
Dimensions: 38 x 8
Length: 38.00
Width: 8.00
Dimensions: 38 x 8
Bedroom
Level: Third
Dimensions: 13 x 146
Length: 13.00
Width: 146.00
Dimensions: 13 x 146
Remarks: Bedroom 3
Master Bedroom
Level: Third
Dimensions: 1,310 x 17
Length: 1310.00
Width: 17.00
Dimensions: 1,310 x 17
Bunk Room
Level: Third
Dimensions: 12 x 16
Length: 12.00
Width: 16.00
Dimensions: 12 x 16
Remarks: Bunk Area w/built-ins
Balcony
Level: Third
Dimensions: 24 x 8
Length: 24.00
Width: 8.00
Dimensions: 24 x 8
Listing Office:
Miller & Associates Realty
Last Updated: January – 21 – 2026
Information deemed reliable but not guaranteed.