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$1,399,000

5518 Gulf Dr

Panama City Beach, FL
Pending
4
Bedrooms
3.5
Bathrooms
2,414
Square Feet
2019
Year Built
192
Days On Market

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!

Listing Information

Listing Updated
5 days ago
Listed By
Tami Moats · The Premier Property Group Seacrest Office
MLS#
999040
Source
Emerald Coast Association of REALTORS
Status
Pending

Facts & Features

Location

Community Information

Address
5518 Gulf Dr, Panama City Beach, FL 32408
City
Panama City Beach
County
Bay
Neighborhood
GULF LAGOON BEACH
Zip Code
32408

Architecture

Bedrooms
4
Bathrooms
3.5
Stories
2
Year Built
2019
Style
Beach House
Building Area
2,414 sq. ft.
Roof
Metal
Garage Spaces
0

Features & Amenities

Interior Features
Pantry, Kitchen Island
Appliances
Dryer, Dishwasher, Microwave, Washer, Disposal, Electric Oven
Flooring
Tile, Vinyl
Exterior Features
Balcony, Outdoor Shower, Outdoor Grill
Patio and Porch
Covered, Patio, Deck, Porch
Cooling
Ceiling Fan(s), Central Air, Electric
Heating
Electric, Central

Property Features

Lot Features
Level, Corner Lot
Water
Public
Sewer
Public Sewer
Utilities
Electricity Available
Zoning
Resid Single Family

Square Footage

Total
2,414 sq. ft.

Tax & Financial Information

List Price
$1,399,000
Annual Taxes
$12,941

Schools

86/100
Oakland Terrace School For The Visual And Performing Arts
Grades M–M · 4.4 mi
City
Panama City
Students
328
Student–teacher
13.6
Parent reviews
5.0★ avg · 2 reviews
Student body
36% White · 32% Black · 23% Hispanic / Latino
Free/reduced lunch
78%
Phone
(850) 767-4565
53/100
Patronis Elementary School
Elementary · Grades KG–05 · 1.8 mi
City
Panama City Beach
Students
650
Student body
74% White · 11% Hispanic / Latino · 9% Two or More Races
Free/reduced lunch
33%
Phone
(850) 767-5075
52/100
Rising Leaders Academy
7th & Above · Grades KG–12 · 4.5 mi
City
Panama City
Students
301
Student body
58% White · 19% Black · 9% Hispanic / Latino
Free/reduced lunch
36%
Phone
(850) 215-0844
51/100
Newpoint Middle School
Middle · Grades 06–08 · 5 mi
City
Panama City
Phone
(850) 215-0770
48/100
Lucille Moore Elementary School
Elementary · Grades PK–05 · 4 mi
City
Panama City
Students
545
Parent reviews
1.0★ avg · 2 reviews
Student body
36% White · 27% Hispanic / Latino · 26% Black
Free/reduced lunch
73%
Phone
(850) 767-1428
48/100
St. Andrew School At Oakland Terrace
Elementary · Grades PK–05 · 4.4 mi
City
Panama City
Students
120
Parent reviews
1.0★ avg · 2 reviews
Student body
48% White · 33% Black · 9% Hispanic / Latino
Free/reduced lunch
70%
Phone
(850) 767-4595
44/100
A. Gary Walsingham Academy
Elementary · Grades PK–05 · 3.6 mi
City
Panama City Beach
Students
470
Student–teacher
16.7
Student body
56% White · 17% Black · 15% Hispanic / Latino
Free/reduced lunch
40%
Phone
(850) 767-5475
55/100
Gulf Coast School For Autism
All Grades · Grades UG–UG · 4.9 mi · Private
City
Panama City
Students
25
Student body
76% White · 12% Hispanic / Latino · 8% Black
Phone
(850) 257-5998

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
03/27/2026Listed for sale$1,399,000

Listed by Tami Moats · The Premier Property Group Seacrest Office


IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing

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