CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS
A rare chance to own prime Gulf-front property in one of the most desirable stretches of Panama City Beach. This cleared 0.29-acre parcel sits directly beside from public beach access #7, offering unmatched visibility, walkability, and development potential.
Zoned mixed-use, the property allows for a wide range of possibilities. With no HOA restrictions, public utilities near by, and paved road access, it's a straightforward site to bring your vision to life.
Whether you're a developer, investor, or visionary builder and want to bring your dream home to life, 5403 Gulf Drive is your chance to create something extraordinary on Florida's Emerald Coast.
Pending
Price cut: $10K (7/10)
$1,820,000
5403 Gulf Dr, Panama City Beach, FL 32408
--beds
--baths
0.29Acres
Unimproved Land
Built in ----
0.29 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Prime gulf-front propertyPaved road access
- 228 days |
- 100 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
The Sanchez Group 850-890-6262,
Think Real Estate
Source: CPAR,MLS#: 778820
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Property
Features
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: Gulf
- Frontage length: 50
Lot
- Size: 0.29 Acres
- Dimensions: 50 x 250
Details
- Parcel number: 32282000000
Utilities & green energy
- Utilities for property: Sewer Available
Community & HOA
Community
- Subdivision: Gulf Lagoon Beach
HOA
- Has HOA: No
Location
- Region: Panama City Beach
Financial & listing details
- Tax assessed value: $1,166,351
- Annual tax amount: $10,695
- Date on market: 9/10/2025
- Cumulative days on market: 345 days
Estimated market value
Not available
Estimated sales range
Not available
$2,647/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Pending sale | $1,820,000 |
Source:  CPAR #778820 Report a problem | ||
| 7/10/2026 | Price change | $1,820,000-0.5% |
Source: CPAR #778820 Report a problem | ||
| 5/22/2026 | Price change | $1,830,000-0.5% |
Source: CPAR #787076 Report a problem | ||
| 2/13/2026 | Price change | $1,840,000-0.5% |
Source: CPAR #778820 Report a problem | ||
| 9/10/2025 | Listed for sale | $1,850,000-14% |
Source: CPAR #778820 Report a problem | ||
| 8/12/2025 | Listing removed | $2,150,000 |
Source: CPAR #770535 Report a problem | ||
| 3/18/2025 | Listed for sale | $2,150,000+2.4% |
Source: CPAR #770535 Report a problem | ||
| 9/30/2024 | Listing removed | $2,100,000 |
Source: CPAR #761336 Report a problem | ||
| 8/14/2024 | Listed for sale | $2,100,000-8.7% |
Source: CPAR #761336 Report a problem | ||
| 7/29/2024 | Listing removed | -- |
Source: CPAR #752296 Report a problem | ||
| 4/24/2024 | Price change | $2,300,000-2.5% |
Source: CPAR #752296 Report a problem | ||
| 2/15/2024 | Price change | $2,360,000-4.1% |
Source: CPAR #752296 Report a problem | ||
| 2/12/2024 | Price change | $2,460,000-1.4% |
Source: CPAR #752296 Report a problem | ||
| 2/3/2024 | Listed for sale | $2,495,000+193.5% |
Source: CPAR #752296 Report a problem | ||
| 12/31/2018 | Sold | $850,000 |
Source: Public Record Report a problem | ||
| 9/5/2018 | Listing removed | $850,000 |
Source: ListSmart, LLC #672530 Report a problem | ||
| 6/1/2018 | Price change | $850,000+11.1% |
Source: Owner Report a problem | ||
| 1/10/2018 | Listed for sale | $765,000 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,695 +7.2% | $644,931 +10% |
| 2023 | $9,978 +34.7% | $586,301 +10% |
| 2022 | $7,406 | $533,001 |
| 2021 | -- | -- |
| 2020 | $5,477 +11% | $440,496 +10% |
| 2019 | $4,934 | $400,451 +33.8% |
| 2018 | $4,934 +27.8% | $299,198 +10% |
| 2017 | $3,862 +11.6% | $271,998 +10% |
| 2016 | $3,461 +12.1% | $247,271 +5.7% |
| 2015 | $3,088 | $233,951 -1.9% |
| 2014 | $3,088 | $238,461 -31.9% |
| 2013 | -- | $350,283 -10.4% |
| 2012 | -- | $390,808 -8.5% |
| 2011 | -- | $427,180 -33.4% |
| 2010 | -- | $641,815 +9% |
| 2009 | -- | $588,592 -22.1% |
| 2008 | -- | $755,137 -10.8% |
| 2007 | -- | $846,257 -45.2% |
| 2006 | -- | $1,545,276 +211.5% |
| 2005 | -- | $496,020 +30.8% |
| 2004 | -- | $379,285 +4% |
| 2003 | -- | $364,670 +39.4% |
| 2002 | -- | $261,552 |
| 2001 | -- | $261,552 +14.3% |
| 2000 | -- | $228,755 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Lower Grand Lagoon
Nearby schools
GreatSchools rating
- 9/10Patronis Elementary SchoolGrades: K-5Distance: 1.9 mi
- 7/10Surfside Middle SchoolGrades: PK-12Distance: 7.3 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 5.5 mi
Schools provided by the listing agent
- Elementary: Patronis
- Middle: Surfside
- High: Arnold
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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