5948 Gulf Drive, Panama City, FL 32408

$2,900,000
Property Type: Residential Bedrooms: 6 Baths: 7 Square Footage: 4,570 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $2,900,000 List Date: 2/20/2026 Last Modified: 2/20/2026

Description

Under contract with 72 hour kick out clause in place. Positioned just steps from sugar-white sands and turquoise waters, 5948 Gulf Drive presents an elevated coastal residence within the refined setting of Hadley’s Beach. With six bedrooms, six and a half bathrooms, and captivating Gulf views, this home offers a seamless blend of architectural detail, thoughtful design, and effortless seaside living. Interiors are curated with designer finishes and anchored by a chef’s kitchen appointed with premium appliances, creating a sophisticated yet inviting environment for gathering and entertaining. Open living spaces are filled with natural light, framing coastal vistas and reinforcing the home’s connection to its surroundings. Private retreats are thoughtfully arranged, including a spacious bunk room that enhances flexibility and functionality. Each bedroom suite is designed for comfort and privacy, supporting both everyday living and extended stays. Outdoors, a fenced backyard surrounds a private pool, offering a tranquil setting for relaxation after days spent at the beach just moments away. Whether enjoying sunrise walks along the shore or evenings under the stars, the lifestyle here is defined by proximity, beauty, and ease. With short-term rentals permitted and a premier Gulf-side location, 5948 Gulf Drive pairs lifestyle appeal with long-term opportunity. Refined, composed, and richly connected to its setting, this residence embodies the enduring elegance of coastal living at its finest.

More Information MLS# 785564

Listing Info, Tax and Legal

HOA Fee: Yes HOA Amount: 500 HOA Frequency: Annually HOA Annual Amount: 500 New Buyer Fee: No Last Taxes: 6163 Last Tax Year: 2025 Brokerage Interest: Ownership Interest – Listing Broker/Salesperson has ownership interest in the property. As Is: Yes

Contract Info

List Price/SqFt: 634.57 Status: Active List Date: 2026-02-20 List Price: $2,900,000 Current Price: $2,900,000

Location

Sub Area: 0323 – Beach – South of Grand Lagoon Community/Resort: None Waterfront: No Elementary School: Patronis Middle School: Surfside High School: Arnold Directions: From Thomas Drive, turn right on Crescent and left onto Gulf Drive. Home sits on left. Area: 03 – Bay County – Beach Street #: 5948 Street Name: Gulf Street Suffix: Drive State: FL Zip Code: 32408 County: Bay Subdivision: Hadley’s Beach Parcel ID: 30932-100-200 Legal Description: HADLEY’S BEACH LOT 20 ORB 4627 P 2364

General Property Info

Acreage: 0.12 Design: Beach House Lot Size (SqFt): 5227 Apx SqFt(Htd/Cooled): 4570 Construction Status: Construction Complete SqFt Source: Builders Plans Half Baths: 1 Lot Dimensions: 54’x100′ New Construction: Yes Garage Y/N: No Driveway Spaces: 2 Pool: Yes Pool Type: Private Sub-Type: Detached Single Family Bedrooms: 6 Full Baths: 6 Total Baths: 7 Year Built: 2025

Remarks & Misc

Remarks: Under contract with 72 hour kick out clause in place. Positioned just steps from sugar-white sands and turquoise waters, 5948 Gulf Drive presents an elevated coastal residence within the refined setting of Hadley’s Beach. With six bedrooms, six and a half bathrooms, and captivating Gulf views, this home offers a seamless blend of architectural detail, thoughtful design, and effortless seaside living. Interiors are curated with designer finishes and anchored by a chef’s kitchen appointed with premium appliances, creating a sophisticated yet inviting environment for gathering and entertaining. Open living spaces are filled with natural light, framing coastal vistas and reinforcing the home’s connection to its surroundings. Private retreats are thoughtfully arranged, including a spacious bunk room that enhances flexibility and functionality. Each bedroom suite is designed for comfort and privacy, supporting both everyday living and extended stays. Outdoors, a fenced backyard surrounds a private pool, offering a tranquil setting for relaxation after days spent at the beach just moments away. Whether enjoying sunrise walks along the shore or evenings under the stars, the lifestyle here is defined by proximity, beauty, and ease. With short-term rentals permitted and a premier Gulf-side location, 5948 Gulf Drive pairs lifestyle appeal with long-term opportunity. Refined, composed, and richly connected to its setting, this residence embodies the enduring elegance of coastal living at its finest.

Pool Features

Inground: 1

Recreation Room

First: 1

Appliances

Dishwasher: 1 Disposal: 1 Microwave: 1 Oven – Gas: 1 Range – Gas: 1 Refrigerator: 1 Washer: 1

Construction/Siding

Roof – Metal: 1 Siding – Hardie Board: 1

Exterior

Balcony: 1 Fenced Back Yard: 1

Association Fees Include

Accounting: 1 Management: 1

Financing

Cash: 1 Conventional: 1 FHA: 1 VA: 1

Furnished

Furnished: 1

Interior

Bunk Room: 1

Living Room

Second: 1

Lot Access

Paved Road: 1

Parking Features

Driveway: 1

Rooms

Bedroom: 1 Living Room: 1 Recreation Room: 1

Utilities

Electricity – Connected: 1 Natural Gas – Connected: 1 Public Sewer – Connected: 1 Underground Utilities: 1

Waterview

Gulf: 1

Bedroom

First: 1 Second: 1

Cooling

Central Air: 1

Heating

Central: 1 Electric: 1

Property Features

Appliances: Dishwasher; Disposal; Microwave; Oven – Gas; Range – Gas; Refrigerator; Washer Bedroom: First; Second Cooling: Central Air Heating: Central; Electric Exterior: Balcony; Fenced Back Yard Association Fees Include: Accounting; Management Financing: Cash; Conventional; FHA; VA Furnished: Furnished Interior: Bunk Room Living Room: Second Lot Access: Paved Road Pool Features: Inground Recreation Room: First Parking Features: Driveway Rooms: Bedroom; Living Room; Recreation Room Utilities: Electricity – Connected; Natural Gas – Connected; Public Sewer – Connected; Underground Utilities Waterview: Gulf

Room Information

Bedroom Level: First Dimensions: 13.6 x 11.4 Length: 13.60 Width: 11.40 Dimensions: 13.6 x 11.4 Bedroom Level: First Dimensions: 13.6 x 12.8 Length: 13.60 Width: 12.80 Dimensions: 13.6 x 12.8 Bedroom Level: First Dimensions: 13.3 x 11.8 Length: 13.30 Width: 11.80 Dimensions: 13.3 x 11.8 Bedroom Level: Second Dimensions: 13.4 x 12 Length: 13.40 Width: 12.00 Dimensions: 13.4 x 12 Recreation Room Level: First Dimensions: 12.9 x 13 Length: 12.90 Width: 13.00 Dimensions: 12.9 x 13 Living Room Level: Second Dimensions: 17.4 x 15.6 Length: 17.40 Width: 15.60 Dimensions: 17.4 x 15.6
Listing Office: Corcoran Reverie
Last Updated: February – 20 – 2026
Information deemed reliable but not guaranteed.