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For salePrice cut: $200K (8/5)
$1,399,000
4beds
2,414sqft

5518 Gulf Dr, Panama City Beach, FL 32408

4beds
2,414sqft
Single family residence
Built in 2019
5,662 sqft
Additional parking
$580 price/sqft

What's special

Private poolBeach accessGulf viewsTwo primary suitesAmple parkingHighly functional floor planFront porch

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!

152 days
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524
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23
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Source: CPAR,MLS#: 787812MLS LogoOriginating MLS: Central Panhandle Association of REALTORS
Travel times

Living Room

Kitchen

Bedroom

Zillow last checked:

Listing updated:

Listed by:

Alexandra Maddox 850-238-6168,

The Premier Property Group

Source: CPAR,MLS#: 787812MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

Facts & 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 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
  • Electric
Cooling
  • Ceiling Fan(s)
Appliances
  • Included: Electric Oven, Electric Range, Tankless Water Heater
Features
  • Double Vanity, Main Level Primary, Separate Shower, Walk-In Closet(s)
Interior area
  • Total structure area: 2,414
  • Total interior livable area: 2,414 sqft

Property

Parking
  • Parking features: Additional Parking
Features
  • Levels: Two
  • Stories: 2
  • Patio & porch: Balcony, Deck, Covered, Patio
  • Exterior features: Covered Patio, Deck, Patio, Outdoor Shower
  • Has private pool: Yes
  • Pool features: Fenced, In Ground, Private
  • Fencing: Partial
  • Has view: Yes
  • View description: Gulf
  • Has water view: Yes
  • Water view: Gulf
Lot
  • Size: 5,662 Square Feet
  • Dimensions: 50 x 118
  • Features: Paved
Details
  • Parcel number: 32296010000
  • Zoning description: Resid Single Family

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Coastal
  • Property subtype: Single Family Residence
Materials
  • HardiPlank Type
  • Roof: Metal
Condition
  • New construction: No
  • Year built: 2019

Utilities & green energy

  • Utilities for property: Electricity Available, High Speed Internet Available, Sewer Available

Community & HOA

Community
  • Features: Short Term Rental Allowed
  • Subdivision: Gulf Lagoon Beach
HOA
  • Has HOA: No
Location
  • Region: Panama City Beach

Financial & listing details

  • Price per square foot: $580/sqft
  • Tax assessed value: $1,037,594
  • Annual tax amount: $12,942
  • Date on market: 4/2/2026
  • Cumulative days on market: 152 days
  • Electric utility on property: Yes

Price history

DateEventPrice
8/5/2026Price change$1,399,000-12.5%$580/sqft
Source: ECAOR #999040 Report a problem
3/27/2026Listed for sale$1,599,000-3.1%$662/sqft
Source: ECAOR #999040 Report a problem
9/30/2024Listing removed$1,650,000$684/sqft
Source: CPAR #750098 Report a problem
5/28/2024Price change$1,650,000-4.3%$684/sqft
Source: CPAR #750098 Report a problem
3/1/2024Price change$1,725,000-1.4%$715/sqft
Source: ECAOR #938141 Report a problem
12/9/2023Listed for sale$1,750,000+18.7%$725/sqft
Source: CPAR #750098 Report a problem
5/17/2022Sold$1,474,000-1.7%$611/sqft
Source: CPAR #724546 Report a problem
4/9/2022Pending sale$1,499,000$621/sqft
Source: CPAR #724546 Report a problem
4/4/2022Listed for sale$1,499,000$621/sqft
Source: CPAR #724546 Report a problem

Public tax history

YearProperty taxesTax assessment
2024$12,791 -19%$1,037,594 -17.7%
2023$15,800 +128.7%$1,260,541 +112.3%
2022$6,909 $593,871
2021-- --
2020$6,859 +558.6%$521,737 +906.2%
2019$1,041 $51,854 +10%
2018$1,041 $47,140

Find assessor info on the county website

Monthly payment

Est. payment
$8,614/mo
Principal & interest
$7133
Property taxes
$1481
More affordability toolsChevron Right

Estimated market value

$1,334,600

$1.27M - $1.40M

$3,861/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: Lower Grand Lagoon

Nearby schools

Patronis Elementary School
Grades K-5 • 1.8 miles
9/10
GreatSchools® Rating
Test Score Rating
9/10
Student Progress Rating
8/10
Surfside Middle School
Grades PK-12 • 7.2 miles
7/10
GreatSchools® Rating
Test Score Rating
6/10
Student Progress Rating
7/10
J.R. Arnold High School
Grades 9-12 • 5.4 miles
4/10
GreatSchools® Rating
Test Score Rating
5/10
College Readiness Rating
6/10
Student Progress Rating
2/10

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