$1,599,000

5518 Gulf Drive, Panama City, FL 32408

4 beds |
4 baths |
2,414 sqft

Single-Family Home
Built in 2019
5,663sqft lot
—— car garage
$662/sqft
Listed 21 hours ago

Property Description

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!

Listing Status:: Active
Date Added:: April 2, 2026
Data Last Updated:: April 3, 2026 at 1:18AM
Listing Office:: The Premier Property Group : 850-213-5000
MLS ID:: 787812

Appliances: Electric OvenElectric RangeTankless Water Heater
Flooring: Luxury Vinyl Plank
A/C: Ceiling Fan(s)
Heating: Electric

General: Covered PatioDeckPatioOutdoor Shower
Style: Coastal
Other Structures: BalconyDeckPatioCovered
Pool: FencedIn GroundPrivate
Parking: Additional Parking

Roofing: Metal
General: HardiPlank Type2

Originating MLS: CPAR_CPAR
County: Bay

Zoning: GULF LAGOON BEACH LOT 12 BLK 7 ORB 4566 P 152732296-010-000
View: GulfView
Fencing: Partial

Utilities: Electricity AvailableHigh Speed Internet AvailableSewer Available

Source: CPAR_CPAR

This listing courtesy of The Premier Property Group

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Patronis Elementary School

7400 Patronis Dr, Panama City, FL, 32408

Grades KG-5

1.84 miles away

Rising Leaders Academy

1527 Lincoln Ave, Panama City, FL, 32405

Grades KG-12

4.54 miles away

Rising Leaders Academy

1527 Lincoln Ave, Panama City, FL, 32405

Grades KG-12

4.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.