5518 Gulf Drive, Panama City, FL 32408 (MLS# 787812)

HOA Fee: No

New Buyer Fee: No

Last Taxes: 12942

Last Tax Year: 2025

Brokerage Interest: No Interest

List Price/SqFt: 662.39

Status: Active

List Date: 2026-04-02

List Price: $1,599,000

Current Price: $1,599,000

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 Dr TURN SOUTH onto Biltmore Drive. Home will be on left on corner of Gulf Drive and Biltmore Drive.

Area: 03 - Bay County - Beach

Street #: 5518

Street Name: Gulf

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Gulf Lagoon Beach

Parcel ID: 32296-010-000

Legal Description: GULF LAGOON BEACH LOT 12 BLK 7 ORB 4566 P 1527

Acreage: 0.13

Design: Beach House

Lot Size (SqFt): 5663

Apx SqFt(Htd/Cooled): 2414

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

# of Stories in Building: 2

Lot Dimensions: 50x118

New Construction: No

Garage Y/N: No

Driveway Spaces: 4

Pool: Yes

Pool Type: Private

Sub-Type: Detached Single Family

Bedrooms: 4

Full Baths: 3

Total Baths: 4

Year Built: 2019

Remarks: Gulf views, directly across from the beach AND beach access--5518 Gulf Drive offers the ideal blend of location, space, and flexibility, making it ideal as second home rental investment, with the benefit of no HOA. Situated on a large corner lot on the east end of Panama City Beach, this home is designed with both comfort and functionality in mind. Newer construction and featuring a spacious living and kitchen area that opens to a private pool and a large patio with both covered and uncovered spaces--perfectly blending indoor and outdoor living for easy gathering and entertaining.The thoughtful layout includes two primary suites, along with two additional bedrooms with en suite baths, and 2 sets of full bunks - enhancing it's versatility to host large groups without sacrificing privacy. The private pool makes this a true vacation-style setting, while the front porch and expansive second-floor deck offer additional outdoor living spaces to enjoy Gulf views and coastal breezes. The corner lot provides ample parking--a rare and valuable feature this close to the beach. With short-term rentals allowed, a highly functional floor plan, and a location just moments from the sand, this property presents an exceptional opportunity to own your piece of paradise at the beach!

Second: 1

Fenced: 1

Inground: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Microwave: 1

Oven - Electric: 1

Range - Electric: 1

Washer: 1

Water Heater - Tankless: 1

Breakfast Bar: 1

Floor - Tile: 1

Floor - Vinyl Plank: 1

Kitchen Island: 1

Lock Out Closet: 1

Pantry: 1

Window - Treatment All: 1

Roof - Metal: 1

Siding - Hardie Board: 1

Balcony: 1

Deck Covered: 1

Deck Open: 1

Fenced Lot-Part: 1

Shower: 1

Patio Covered: 1

Patio Open: 1

Furnished: 1

Bunk Room: 1

First: 1

First: 1

Corner Lot: 1

Landscaped: 1

Near Beach Access: 1

Within 1/2 Mile to Water: 1

Paved Road: 1

Additional Parking: 1

Oversized: 1

Paver Block: 1

MBath Double Vanity: 1

MBath Separate Shwr: 1

MBed First Floor: 1

MBed Walk-in Closet: 1

Resid Single Family: 1

Bedroom: 1

Bunk Room: 1

Kitchen: 1

Living Room: 1

Master Bedroom: 1

Electricity - Connected: 1

Garbage: 1

Internet - Broadband Available: 1

Private Well - Shared: 1

Sewer Available: 1

Public Water - Available: 1

Gulf: 1

First: 1

Second: 1

Second: 1

Ceiling Fan(s): 1

Electric: 1

Electric: 1