$3,100,000
5940 Gulf Drive
Panama City, FL 32408
MLS# 775943
5 beds  |  7 baths  |  4090 sqft


5940 Gulf Drive, Panama City, FL 32408
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5940 Gulf Drive, Panama City, FL 32408 5940 Gulf Drive, Panama City, FL 32408 5940 Gulf Drive, Panama City, FL 32408 5940 Gulf Drive, Panama City, FL 32408 5940 Gulf Drive, Panama City, FL 32408 5940 Gulf Drive, Panama City, FL 32408 5940 Gulf Drive, Panama City, FL 32408 5940 Gulf Drive, Panama City, FL 32408 5940 Gulf Drive, Panama City, FL 32408 5940 Gulf Drive, Panama City, FL 32408 5940 Gulf Drive, Panama City, FL 32408 5940 Gulf Drive, Panama City, FL 32408 5940 Gulf Drive, Panama City, FL 32408

Property 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.

Details
Maps
Contract Info
Status: Active
List Date: 2025-07-07
List Price: $3,100,000
List Price/SqFt: 757.95
Current Price: $3,100,000
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
Bedrooms: 5
Full Baths: 6
Half Baths: 1
Total Baths: 7
# of Stories in Building: 3
Year Built: 2025
Construction Status: Under Construction
New Construction: Yes
Garage Y/N: Yes
Garage Spaces: 2
Lot Dimensions: 100 X 50
Acreage: 0.12
Lot Size (SqFt): 5358
Pool: Yes
Pool Type: Private
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 Dimensions Remarks
BedroomFirst16 x 13616.00136.0016 x 136Bedroom 1
Living RoomFirst236 x 17236.0017.00236 x 17Game Room
GarageFirst13 x 2213.0022.0013 x 22
LaundryFirst72 x 872.008.0072 x 8
OtherFirst196 x 126196.00126.00196 x 126Lanai
BedroomSecond12 x 12212.00122.0012 x 122Bedroom 2
KitchenSecond17 x 13617.00136.0017 x 136
Dining RoomSecond126 x 184126.00184.00126 x 184
Great RoomSecond246 x 184246.00184.00246 x 184
BalconySecond142 x 8142.008.00142 x 8Bedroom 2 Balcony
BalconySecond38 x 838.008.0038 x 8
BedroomThird13 x 14613.00146.0013 x 146Bedroom 3
Master BedroomThird1,310 x 171310.0017.001,310 x 17
Bunk RoomThird12 x 1612.0016.0012 x 16Bunk Area w/built-ins
BalconyThird24 x 824.008.0024 x 8

Listing Office: Miller & Associates Realty

Last Updated: July - 08 - 2025

Information deemed reliable but not guaranteed.