5948 Gulf Drive, Panama City, FL 32408 (MLS# 785564)

5948 Gulf Drive, Panama City, FL 32408

$2,850,000

Property Type: Residential Bedrooms: 6 Baths: 7 Square Footage: 4,570 Lot Size (sq. ft.): 5,227 Status: Sold

Current Price: $2,850,000 List Date: 2/20/2026 Last Modified: 3/02/2026

Overview

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 … (Read more)

Listing Details MLS# 785564

Contract Info

List Price/SqFt: 634.57

Location

Area: 03 – Bay County – Beach
Street #: 5948
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: 30932-100-200
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.
Legal Description: HADLEY'S BEACH LOT 20 ORB 4627 P 2364

General Property Info

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

Status Change Info

Under Contract Date: 2026-02-20
Sold Date: 2026-03-02
Sold Price/SqFt: 623.63
Sold Price/Acre: 23750000

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

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.

More Information

Pool Features

Inground: Yes

Recreation Room

First: Yes

Appliances

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

Construction/Siding

Roof – Metal: Yes
Siding – Hardie Board: Yes

Exterior

Balcony: Yes
Fenced Back Yard: Yes

Association Fees Include

Accounting: Yes
Management: Yes

Financing

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Furnished

Furnished: Yes

Interior

Bunk Room: Yes

Living Room

Second: Yes

Lot Access

Paved Road: Yes

Parking Features

Driveway: Yes

Rooms

Bedroom: Yes
Living Room: Yes
Recreation Room: Yes

Utilities

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

Waterview

Gulf: Yes

Bedroom

First: Yes
Second: Yes

Cooling

Central Air: Yes

Heating

Central: Yes
Electric: Yes

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

Room Name	Level	Dimensions	Length	Width
Bedroom	First	13.6 x 11.4	13.60	11.40
Bedroom	First	13.6 x 12.8	13.60	12.80
Bedroom	First	13.3 x 11.8	13.30	11.80
Bedroom	Second	13.4 x 12	13.40	12.00
Recreation Room	First	12.9 x 13	12.90	13.00
Living Room	Second	17.4 x 15.6	17.40	15.60

Listing Office: Corcoran Reverie

Last Updated: March – 02 – 2026

Information deemed reliable but not guaranteed.