5940 Gulf Drive, Panama City Beach, FL 32408 (MLS# 783122)

5940 Gulf Drive, Panama City Beach, FL 32408

$2,990,500

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Property Type: Residential Bedrooms: 5 Baths: 7 Square Footage: 4,090 Lot Size (sq. ft.): 5,358 Status: Active

Current Price: $2,990,500 List Date: 3/11/2026 Last Modified: 4/24/2026

Overview

Description

Introducing a rare opportunity in Hadley's Beach an ultra exclusive, low density Gulf front community in Panama City Beach, where only ten first tier homes exist… and opportunities like this almost never come to market. Priced at $2.99M and capable of generating up to $250,000 annually, this newly constructed three story retreat isn't just a luxury home. It's a high-performing coastal asset designed to deliver both lifestyle and income in one irreplaceable location. And now, with owner financing available, the path to ownership becomes even more accessible. Step inside and the experience begins immediately. The first level welcomes guests with a private suite and a relaxed secondary living space ideal for maximizing rental flexibility and privacy. Expansive glass doors open to a covered outdoor kitchen and lounge, creating a seamless flow into the backyard retreat, where a heated saltwater pool, sun shelf, and swim deck offer a resort style experience just steps from the … (Read more) Introducing a rare opportunity in Hadley’s Beach an ultra exclusive, low density Gulf front community in Panama City Beach, where only ten first tier homes exist… and opportunities like this almost never come to market. Priced at $2.99M and capable of generating up to $250,000 annually, this newly constructed three story retreat isn’t just a luxury home. It’s a high-performing coastal asset designed to deliver both lifestyle and income in one irreplaceable location. And now, with owner financing available, the path to ownership becomes even more accessible. Step inside and the experience begins immediately. The first level welcomes guests with a private suite and a relaxed secondary living space ideal for maximizing rental flexibility and privacy. Expansive glass doors open to a covered outdoor kitchen and lounge, creating a seamless flow into the backyard retreat, where a heated saltwater pool, sun shelf, and swim deck offer a resort style experience just steps from the Gulf. Upstairs, the second floor is where the home truly opens up. Soaring 12-foot ceilings and floor-to-ceiling windows frame uninterrupted Gulf views, flooding the open concept living and dining area with natural light. The chef’s kitchen is built for both entertaining and efficiency, featuring high end appliances, premium finishes, and an oversized island that anchors the space. A guest bedroom and additional baths on this level provide flexibility for both personal use and rental demand. The third floor is designed for capacity, comfort, and repeat bookings. Two Gulf facing primary suites deliver private balconies and spa style baths. Creating a premium experience guests will return for year after year. A custom bunk room adds high value sleeping capacity for families, while an additional guest suite ensures every visitor has space and privacy. With 5 bedrooms, 6.5 bathrooms, a dedicated bunk room, and multiple living areas across all three levels, the layout is engineered for high occupancy short term rental performance without sacrificing luxury. Every detail has been considered to maximize both ease and income: A full fire suppression system meeting STR requirements, a garage and oversized driveway accommodating 5+ vehicles, and an EV charger. All designed to support today’s high end renter expectations while reducing ownership friction. But what truly sets this property apart cannot be duplicated: Hadley’s Beach is one of the only communities of its kind on Panama City Beach low density, Gulf front, and tightly held. That means limited competition, consistent demand, and a level of exclusivity that protects both your experience and your investment. Whether you’re seeking a luxury second home, a full time coastal residence, or a property that performs as beautifully financially as it does visually, this home offers something rare: A beachfront lifestyle that doesn’t just cost you it contributes to you.

Listing Details MLS# 783122

Contract Info

List Price/SqFt: 731.17

Location

Area: 03 – Bay County – Beach
Street #: 5940
Street Name: Gulf
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Hadley's Beach
Community/Resort: None
Waterfront: No
Parcel ID: 30932-100-220
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.
Legal Description: HADLEY'S BEACH LOT 22

General Property Info

Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 4090
SqFt Source: Builders Plans
Full Baths: 6
Half Baths: Yes
Total Baths: 7
# of Stories in Building: 3
Year Built: 2025
Construction Status: Construction Complete
New Construction: Yes
Garage Y/N: Yes
Garage Spaces: Yes
Driveway Spaces: 4
Lot Dimensions: 100 X 50
Acreage: 0.12
Lot Size (SqFt): 5358
Pool: Yes
Pool Type: Private

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

Remarks & Misc

Remarks: Introducing a rare opportunity in Hadley's Beach an ultra exclusive, low density Gulf front community in Panama City Beach, where only ten first tier homes exist… and opportunities like this almost never come to market. Priced at $2.99M and capable of generating up to $250,000 annually, this newly constructed three story retreat isn't just a luxury home. It's a high-performing coastal asset designed to deliver both lifestyle and income in one irreplaceable location. And now, with owner financing available, the path to ownership becomes even more accessible. Step inside and the experience begins immediately. The first level welcomes guests with a private suite and a relaxed secondary living space ideal for maximizing rental flexibility and privacy. Expansive glass doors open to a covered outdoor kitchen and lounge, creating a seamless flow into the backyard retreat, where a heated saltwater pool, sun shelf, and swim deck offer a resort style experience just steps from the Gulf. Upstairs, the second floor is where the home truly opens up. Soaring 12-foot ceilings and floor-to-ceiling windows frame uninterrupted Gulf views, flooding the open concept living and dining area with natural light. The chef's kitchen is built for both entertaining and efficiency, featuring high end appliances, premium finishes, and an oversized island that anchors the space. A guest bedroom and additional baths on this level provide flexibility for both personal use and rental demand. The third floor is designed for capacity, comfort, and repeat bookings. Two Gulf facing primary suites deliver private balconies and spa style baths. Creating a premium experience guests will return for year after year. A custom bunk room adds high value sleeping capacity for families, while an additional guest suite ensures every visitor has space and privacy. With 5 bedrooms, 6.5 bathrooms, a dedicated bunk room, and multiple living areas across all three levels, the layout is engineered for high occupancy short term rental performance without sacrificing luxury. Every detail has been considered to maximize both ease and income: A full fire suppression system meeting STR requirements, a garage and oversized driveway accommodating 5+ vehicles, and an EV charger. All designed to support today's high end renter expectations while reducing ownership friction. But what truly sets this property apart cannot be duplicated: Hadley's Beach is one of the only communities of its kind on Panama City Beach low density, Gulf front, and tightly held. That means limited competition, consistent demand, and a level of exclusivity that protects both your experience and your investment. Whether you're seeking a luxury second home, a full time coastal residence, or a property that performs as beautifully financially as it does visually, this home offers something rare: A beachfront lifestyle that doesn't just cost you it contributes to you.

Balcony

Second: Yes
Third: Yes

More Information

Bunk Room

Third: Yes

Dining Room

Second: Yes

Garage

First: Yes

Great Room

Second: Yes

Laundry

First: Yes

Other

First: Yes

Pool Features

Heated – Gas: Yes
Inground: Yes
Saltwater: Yes

Appliances

Bar Fridge: Yes
Cooktop – Gas: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Ice Maker: Yes
Microwave: Yes
Oven – Gas: Yes
Range – Gas: Yes
Range Hood: Yes
Refrigerator: Yes
Washer: Yes
Water Heater – Gas: Yes
Water Heater – Tankless: Yes

Interior Features

Ceiling – Beamed: Yes
Elevator: Yes
Floor – Tile: Yes
Floor – Vinyl Plank: Yes
Kitchen Island: Yes
Lighting – Recessed: Yes

Construction/Siding

Concrete: Yes
Foundation – Slab on Grade: Yes
Wood/Frame: Yes
Roof – Metal: Yes
Siding – Hardie Board: Yes
Trim – Hardie Board: Yes

Exterior

Balcony: Yes
Built-in Barbecue/Grill: Yes
Deck Covered: Yes
Fenced Privacy: Yes
Summer Kitchen: Yes
Shower: Yes
Patio Covered: Yes

Association Fees Include

Accounting: Yes
Legal: Yes

Furnished

Furnished: Yes

Interior

Bunk Room: Yes
Smart Thermostat: Yes

Kitchen

Second: Yes

Living Room

First: Yes

Lot Features

Near Beach Access: Yes

Lot Access

County Road: Yes

Parking Features

Driveway: Yes
Electric Vehicle Charging Station(s): Yes
Garage Attached: Yes
Paver Block: Yes

Mstr Bath / Mstr Bdrm

MBath Double Vanity: Yes
MBath Garden Tub: Yes
MBath Separate Shwr: Yes
MBed Balcony: Yes
MBed Walk-in Closet: Yes

Rooms

Balcony: Yes
Bedroom: Yes
Bunk Room: Yes
Dining Room: Yes
Garage: Yes
Great Room: Yes
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Master Bedroom: Yes
Other: Yes

Utilities

Cable – Available: Yes
Garbage: Yes
Natural Gas – Available: Yes
Natural Gas – Connected: Yes
Internet – Fiber Optic: Yes
Sewer Available: Yes
Public Water – Available: Yes
Underground Utilities: Yes

Waterview

Gulf: Yes

Sale Type

As Is: Yes

Master Bedroom

Third: Yes

Bedroom

First: Yes
Second: Yes
Third: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Heating

Electric: Yes

Security Features

Carbon Monoxide Detector: Yes
Fire Alarm: Yes
Fire Sprinkler System: Yes
Smoke Detector(s): Yes

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

Room Name	Level	Dimensions	Length	Width	Remarks
Bedroom	First	16 x 136	16.00	136.00	Bedroom 1
Living Room	First	236 x 17	236.00	17.00	Game Room
Garage	First	13 x 22	13.00	22.00
Laundry	First	72 x 8	72.00	8.00
Other	First	196 x 126	196.00	126.00	Lanai
Bedroom	Second	12 x 122	12.00	122.00	Bedroom 2
Kitchen	Second	17 x 136	17.00	136.00
Dining Room	Second	126 x 184	126.00	184.00
Great Room	Second	246 x 184	246.00	184.00
Balcony	Second	142 x 8	142.00	8.00	Bedroom 2 Balcony
Balcony	Second	38 x 8	38.00	8.00
Bedroom	Third	13 x 146	13.00	146.00	Bedroom 3
Master Bedroom	Third	1,310 x 17	1310.00	17.00
Bunk Room	Third	12 x 16	12.00	16.00	Bunk Area w/built-ins
Balcony	Third	24 x 8	24.00	8.00

Listing Office: Miller & Associates Realty

Last Updated: April – 24 – 2026

Information deemed reliable but not guaranteed.