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Sold for $2,850,000
  • $2,850,000

    5948 Gulf Dr, Panama City Beach, FL 32408

    6beds
    4,570sqft
    Single Family Residence
    Built in 2025
    5,227 Square Feet Lot
    $2,774,400 Zestimate®
    $624/sqft
    $7,831 Estimated rent

    Home value

    $2,774,400

    $2.64M - $2.91M

    $7,831/mo

    Zestimate® history
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    What's special

    Designer finishesCaptivating gulf viewsElevated coastal residenceCoastal vistasPremier gulf-side locationSpacious bunk roomTranquil setting for relaxation
    Under contract with 72 hour kick out clause in place. Positioned just steps from sugar-white sands and turquoise waters, 5948 Gulf Drive presents an elevated coastal residence within the refined setting of Hadley's Beach. With six bedrooms, six and a half bathrooms, and captivating Gulf views, this home offers a seamless blend of architectural detail, thoughtful design, and effortless seaside living. Interiors are curated with designer finishes and anchored by a chef's kitchen appointed with premium appliances, creating a sophisticated yet inviting environment for gathering and entertaining. Open living spaces are filled with natural light, framing coastal vistas and reinforcing the home's connection to its surroundings. Private retreats are thoughtfully arranged, including a spacious bunk room that enhances flexibility and functionality. Each bedroom suite is designed for comfort and privacy, supporting both everyday living and extended stays. Outdoors, a fenced backyard surrounds a private pool, offering a tranquil setting for relaxation after days spent at the beach just moments away. Whether enjoying sunrise walks along the shore or evenings under the stars, the lifestyle here is defined by proximity, beauty, and ease. With short-term rentals permitted and a premier Gulf-side location, 5948 Gulf Drive pairs lifestyle appeal with long-term opportunity. Refined, composed, and richly connected to its setting, this residence embodies the enduring elegance of coastal living at its finest.

    Zillow last checked:

    Listing updated:

    Listed by:

    Hilary N Farnum-Fasth 850-685-0171,

    Corcoran Reverie

    Bought with:

    Paige L Peterson, 3261847

    Compass Florida, LLC

    Jennifer Bond, 3474818

    Compass Florida, LLC

    Source: CPAR,MLS#: 785564MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 7
    • Full bathrooms: 6
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Bedroom, Living Room, Recreation
    Bedroom
    • Level: First
    • Dimensions: 13.6 x 11.4
    Bedroom
    • Level: First
    • Dimensions: 13.6 x 12.8
    Bedroom
    • Level: First
    • Dimensions: 13.3 x 11.8
    Bedroom
    • Level: Second
    • Dimensions: 13.4 x 12
    Living room
    • Level: Second
    • Dimensions: 17.4 x 15.6
    Recreation
    • Level: First
    • Dimensions: 12.9 x 13
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Gas Oven, Gas Range
    Interior area
    • Total structure area: 4,570
    • Total interior livable area: 4,570 sqft

    Property

    Features
    • Patio & porch: Balcony
    • Has private pool: Yes
    • Pool features: In Ground, Private
    • Fencing: Fenced
    • Has view: Yes
    • View description: Gulf
    • Has water view: Yes
    • Water view: Gulf
    Lot
    • Size: 5,227 Square Feet
    • Dimensions: 54' x 100'
    • Features: Paved
    Details
    • Parcel number: 30932100200

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Coastal
    • Property subtype: Single Family Residence
    Materials
    • HardiPlank Type
    • Roof: Metal
    Condition
    • New construction: Yes
    • Year built: 2025

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Underground Utilities

    Community & HOA

    Community
    • Features: Short Term Rental Allowed
    • Subdivision: Hadley's Beach
    HOA
    • Has HOA: Yes
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $624/sqft
    • Tax assessed value: $420,000
    • Annual tax amount: $6,163
    • Date on market: 2/20/2026

    Price history

    DateEventPrice
    3/2/2026Sold$2,850,000-1.7%$624/sqft
    Source: CPAR #785564 Report a problem
    2/20/2026Listed for sale$2,900,000+1.8%$635/sqft
    Source: ECAOR #995836 Report a problem
    12/8/2025Listing removed$2,850,000$624/sqft
    Source: ECAOR #971951 Report a problem
    11/21/2025Pending sale$2,850,000$624/sqft
    Source: ECAOR #971951 Report a problem
    11/20/2025Listed for sale$2,850,000$624/sqft
    Source: ECAOR #971951 Report a problem
    9/27/2025Pending sale$2,850,000$624/sqft
    Source: ECAOR #971951 Report a problem
    7/10/2025Price change$2,850,000+2%$624/sqft
    Source: ECAOR #971951 Report a problem
    3/24/2025Listed for sale$2,795,000$612/sqft
    Source: ECAOR #971951 Report a problem
    3/21/2025Listing removed$2,795,000$612/sqft
    Source: ECAOR #947607 Report a problem
    2/3/2025Listed for sale$2,795,000$612/sqft
    Source: ECAOR #947607 Report a problem
    12/31/2024Listing removed$2,795,000$612/sqft
    Source: ECAOR #947607 Report a problem
    3/6/2024Listed for sale$2,795,000$612/sqft
    Source: CPAR #753787 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,161 +8.1%$420,000 +9.9%
    2023$4,776 +69.9%$382,000 +57.2%
    2022$2,811 $243,045
    Find assessor info on the county website

    Neighborhood: Lower Grand Lagoon

    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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    $2,774,400
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    With Zillow Showcase(estimated)
    $2,829,888