5518 Gulf Drive , Panama City, FL 32408

$1,599,000
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Active
BEDS4 BATHS3 full 1 partial SQUARE FEET2,414 MLS#787812
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONGulf Lagoon Beach

Property Description

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!

5518 Gulf Drive | MLS# 787812

This single family home located at 5518 Gulf Drive , Panama City, FL 32408 is currently listed for sale with an asking price of $1,599,000. This property was built in 2019 and has 4 bedrooms and 3 full and 1 partial baths with 2414 sq. ft. Gulf Drive is located in the Gulf Lagoon Beach subdivision. Search Gulf Lagoon Beach real estate on www.realtymarkllc.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Ceiling Fan(s)
Fenced: Yes
Heating: Electric
Home Style: Coastal
Lot Size: 0.13 Acres
Roof Type: Metal
Stories: 2.0
Taxes: $12,942
Year Built: 2019

Amenities

Covered Patio
Deck
Patio
Outdoor Shower

Feature Descriptions

Appliances: Electric Oven, Electric Range, Tankless Water Heater
Community Features: Short Term Rental Allowed
Days on Site: 14
Exterior: HardiPlank Type
Fencing: Partial
Flooring: Luxury Vinyl Plank
Lot: Paved
Lot Dimensions: 50x118
Parcel#: 32296-010-000
Parking: Additional Parking
Parking Notes: Additional Parking
Patio/Porch: Balcony, Deck, Covered, Patio
Pool: Fenced, In Ground, Private
Special View Info: Gulf
Swimming Pool: Yes
Utilities: Electricity Available, High Speed Internet Available, Sewer Available

Room Sizes

Bedroom: 12 X 10 Level - Second
Bedroom: 12 X 11 Level - Second
Bedroom: 12 X 11 Level - Second
Primary Bedroom: 17 X 14 Level - Second
Primary Bedroom: 17 X 14 Level - First
Kitchen: 12 X 12 Level - First
Living Room: 20 X 18 Level - First

Local Schools

High School: Arnold
Middle School: Surfside
Elementary School: Patronis

Listed By / Shown By

Listed By

Agency Name: The Premier Property Group

Shown By

Agency Title: RealtyMark
Agency Phone: 888-240-0600

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Estimated Payment

$ 5,103.56 per month $3,558.68 Principal & Interest $1,078.50 Property Tax $466.38 Homeowner's Insurance

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All commissions are negotiable Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/17/2026. The listing information on this page last changed on 04/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 04/17/2026 12:54:33 AM EST) or Stellar MLS (last updated Fri 04/17/2026 12:44:11 AM EST) or GSMLS (last updated Fri 04/17/2026 12:24:10 AM EST) or Emerald Coast MLS (last updated Fri 04/17/2026 12:05:32 AM EST) or Central Panhandle Association of Realtors (last updated Fri 04/17/2026 12:47:19 AM EST) or Beaches MLS (last updated Fri 04/17/2026 12:47:20 AM EST) or Naples MLS (last updated Thu 04/16/2026 11:41:16 PM EST) or Bright MLS (last updated Thu 04/16/2026 7:53:33 PM EST) or OneKey MLS (last updated Fri 04/17/2026 12:49:37 AM EST). Real estate listings held by brokerage firms other than RealtyMark may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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