First time to hit the market, 4 bedroom(plus bunk room) RENTAL POWERHOUSE on the highly sought after East End. One home off the water on a stretch of beach not overrun with condos. Owners, investors and tourists/guests LOVE this area for that exact reason. Schooners is on Gulf Dr- a 6 min walk, St Andrews State Park is 1 mile away, and the some of the beach's very best restaurants are concentrated in this Lower Lagoon area. Not to mention the sandy white beach directly across from this home.
There's a King master ensuite on the first floor along with the kitchen, dining and living area, the laundry room and a half bathroom. Off of this is a door leading to an outdoor oasis. A heated optional pool with a lounge area and high top dining area. Upstairs is an additional Master King ensuite with a large balcony with views of the Gulf, 2 more bedrooms, bathroom and a bunkroom rounds out the upstairs area.
This home has a strong rental history and great reviews. It's being sold furnished. Its sister property, identical in layout, 2 doors down is listed for sale as well.
For sale
$1,499,000
5516 Gulf Dr, Panama City Beach, FL 32408
4beds
2,414sqft
Single Family Residence
Built in 2019
5,662 Square Feet Lot
$1,398,400 Zestimate®
$621/sqft
$-- HOA
What's special
Laundry room
- 16 days
- 229
- 16
Zillow last checked:
Listing updated:
Listed by:
Tracy Rudder 850-819-2979,
Counts Real Estate Group Inc,
Carl E Allen 850-960-8808,
Counts Real Estate Group Inc
Source: CPAR,MLS#: 794031
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 17 x 14
Primary bedroom
- Level: Second
- Dimensions: 17 x 14
Bedroom
- Level: Second
- Dimensions: 12 x 11
Bedroom
- Level: Second
- Dimensions: 12 x 10
Other
- Level: Second
- Dimensions: 12 x 8
Kitchen
- Level: First
- Dimensions: 12 x 12
Living room
- Level: First
- Dimensions: 20 x 18
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Cooktop, Electric Oven, Ice Maker
Features
- Balcony, Double Vanity, Interior Steps, Main Level Primary, Separate Shower, Walk-In Closet(s)
Interior area
- Total structure area: 2,414
- Total interior livable area: 2,414 sqft
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony, Deck, Covered, Porch
- Exterior features: Covered Patio, Deck
- Has private pool: Yes
- Pool features: Electric Heat, In Ground, Private
- Fencing: Fenced
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
Lot
- Size: 5,662 Square Feet
- Dimensions: 50.0 ft x 115.0 ft
- Features: Paved
Details
- Parcel number: 32296000000
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Coastal
- Property subtype: Single Family Residence
Materials
- Roof: Metal
Condition
- New construction: No
- Year built: 2019
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Security: Smoke Detector(s)
- Subdivision: Gulf Lagoon Beach
HOA
- Has HOA: No
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $621/sqft
- Tax assessed value: $941,329
- Annual tax amount: $10,627
- Date on market: 8/14/2026
- Electric utility on property: Yes
Estimated market value
$1,398,400
$1.33M - $1.47M
$3,883/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Listed for sale | $1,499,000+87.6%$621/sqft |
Source:  CPAR #794031 Report a problem | ||
| 10/11/2019 | Sold | $799,000-8.7%$331/sqft |
Source: CPAR #689769 Report a problem | ||
| 3/22/2004 | Sold | $875,000$362/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,055 -7.3% | $718,729 +10% |
| 2023 | $10,846 +57% | $653,219 +10% |
| 2022 | $6,908 | $593,835 |
| 2021 | -- | -- |
| 2020 | $7,843 +653.2% | $641,444 +1137% |
| 2019 | $1,041 | $51,853 +10% |
| 2018 | $1,041 +76.5% | $47,139 -74.9% |
| 2017 | $590 -75.1% | $187,899 -15.3% |
| 2016 | $2,368 -23% | $221,767 +1.8% |
| 2015 | $3,075 | $217,857 -11.1% |
| 2014 | $3,075 | $244,932 |
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
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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