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For sale
    • $4,490,000

    5409 Gulf Dr, Panama City Beach, FL 32408

    9beds
    4,537sqft
    : 
    $28,976/mo
    Get pre-qualified
    Single Family Residence
    Built in 2015
    0.29 Acres Lot
    $3,974,100 Zestimate®
    $990/sqft
    $-- HOA

    What's special

    Hot tubPrivate beach homeGourmet kitchen
    ''INVESTMENT PROPERTY'' This beautiful Private Beach home is a money maker! It has produced over $400k in rentals a year over the last four years. It is already booked at 70% for 2026! The location is great in the heart of all the attractions in Panama City Beach! The home has a 14x24 heated pool, hot tub , and over 2000sq ft of back deck to enjoy. You can walk off the back deck right into the beautiful white sand, and into the gulf! Home also boasts plenty of parking for boats, motorcycles, or RV's. With 9 bed rooms and 7 bathrooms there is room for the entire family! King size beds are in seven of the nine bedrooms, and almost every room has a beautiful view of the gulf. Home has a Large open area for entertaining and Gourmet Kitchen. There is also a separate Media/Game room for the kids upstairs with game table and large flat screen TV. ''Making Waves'' is a premiere gulf front home with a proven rental record! You must come see it for yourself!
    214 days
    |
    579
    |
    30
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Fred W Thomas 850-832-8695,

    Beach Time Realty, Inc

    Source: CPAR,MLS#: 784135MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 7
      • Full bathrooms: 7
      Rooms
      • Room types: Bedroom, Dining Room, Family Room, Kitchen, Living Room
      Bedroom
      • Level: First
      • Dimensions: 14.25 x 11.5
      Bedroom
      • Level: First
      • Dimensions: 16.67 x 12.17
      Bedroom
      • Level: Second
      • Dimensions: 14.25 x 12.67
      Bedroom
      • Level: Second
      • Dimensions: 14.5 x 12.67
      Bedroom
      • Level: Second
      • Dimensions: 13 x 12.5
      Dining room
      • Level: First
      • Dimensions: 16.67 x 13.25
      Family room
      • Level: Second
      • Dimensions: 21.25 x 20.25
      Kitchen
      • Level: First
      • Dimensions: 16.67 x 16.25
      Living room
      • Level: First
      • Dimensions: 21 x 21.25
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Convection Oven, Washer/Dryer Stacked, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
      • Laundry: Stacked
      Features
      • Balcony, Double Vanity, Separate Shower, Walk-In Closet(s)
      • Windows: Double Pane Windows, Storm Window(s)
      Interior area
      • Total structure area: 4,537
      • Total interior livable area: 4,537 sqft

      Property

      Accessibility
      • Accessibility features: Accessible Kitchen Appliances, Accessible Full Bath, Accessible Bedroom, Accessible Common Area, Accessible Closets, Accessible Kitchen, Accessible Central Living Area
      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Balcony, Deck, Covered, Patio
      • Exterior features: Covered Patio, Deck, Patio, Outdoor Shower
      • Has private pool: Yes
      • Pool features: Fenced, Gunite, Electric Heat, In Ground, Private
      • Has view: Yes
      • View description: Gulf, Water
      • Has water view: Yes
      • Water view: Gulf,Water
      • Waterfront features: Gulf, Shoreline - Sand
      • Frontage length: 50
      Lot
      • Size: 0.29 Acres
      • Dimensions: 50 x 250
      Details
      • Parcel number: 32285000000
      • Zoning description: County, Resid Single Family
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Coastal
      • Property subtype: Single Family Residence
      Materials
      • HardiPlank Type
      • Foundation: Pillar/Post/Pier
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2015

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Cable Connected

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Security: Fire Alarm
      • Subdivision: [No Recorded Subdiv]
      HOA
      • Has HOA: No
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $990/sqft
      • Tax assessed value: $1,923,692
      • Annual tax amount: $23,043
      • Date on market: 1/24/2026
      • Cumulative days on market: 142 days

        Estimated market value

        $3,974,100

        $3.78M - $4.21M

        $5,259/mo

        Price history

        DateEventPrice
        1/24/2026Listed for sale$4,490,000-0.2%$990/sqft
        Source: CPAR #784135 Report a problem
        8/17/2025Listing removed$4,500,000$992/sqft
        Source: CPAR #768512 Report a problem
        2/8/2025Listed for sale$4,500,000-22.3%$992/sqft
        Source: CPAR #768512 Report a problem
        5/30/2023Listing removed$5,790,000$1,276/sqft
        Source: CPAR #727702 Report a problem
        11/17/2022Price change$5,790,000-3.3%$1,276/sqft
        Source: CPAR #727702 Report a problem
        6/7/2022Listed for sale$5,990,000+818.7%$1,320/sqft
        Source: CPAR #727702 Report a problem
        2/13/2018Sold$652,000+30.4%$144/sqft
        Source: Public Record Report a problem
        10/7/2013Sold$500,000-27.5%$110/sqft
        Source: CPAR #600846 Report a problem
        10/22/2011Listing removed$690,000$152/sqft
        Source: Nations Real Estate, LLC #390605 Report a problem
        10/7/2011Listed for sale$690,000-21.1%$152/sqft
        Source: Nations Real Estate, LLC #390605 Report a problem
        7/2/2007Sold$875,000$193/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$21,853 +5.6%$1,661,869 +10%
        2023$20,704 +25%$1,510,790 +10%
        2022$16,569 $1,373,445
        2021-- --
        2020$14,464 +3.6%$1,185,652 +5%
        2019$13,955 $1,129,378 +7.5%
        2018$13,955 +5.8%$1,050,827 +3.7%
        2017$13,193 +3%$1,013,501 +3%
        2016$12,813 +316.5%$983,531 +321.9%
        2015$3,076 $233,100 +2.9%
        2014$3,076 $226,440
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Lower Grand Lagoon

        Getting around

        45 / 100
        Car-Dependent
        39 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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