Sold
Address
5309 Gulf Drive, Panama City Beach, FL
Price
$ 2,450,000
Property Attributes
- MLS#785010
- TypeSingle Family
- Listing Status Closed
- CountyBay
- CityPanama City Beach
- Area03 - Bay County - Beach
- NeighborhoodGulf Lagoon Beach
- Zip32408
- Style
- Year Built1997
- Taxes$ 19737
- Price$ 2,450,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms1
- Sqr Footage1786
- Lot Size0.29 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
Charming coastal retreat with timeless beach-house appeal, ideally located on the highly sought-after east end of Panama City Beach. This beautifully renovated 4-bedroom, 2.5-bath Gulf-front home sits on an expansive 50' x 250' lot and offers stunning Gulf views from most rooms, including the primary suite, secondary bedrooms, living room, and kitchen — plus more than 2,000 square feet of balconies and decks designed to soak in the scenery. The elevated design features a spacious lower level with dual garage bays, providing generous space for parking, storage, beach gear, and all your outdoor toys. Just beyond, the covered ground-level entertaining area is built for relaxation, complete with ample seating and swing seating — perfect for game days, gatherings with friends, or unwinding while enjoying the Gulf breeze and open views. Inside, a full renovation showcases exceptional craftsmanship and high-end designer finishes throughout. The kitchen and bathrooms feature Italian Carrara marble, Viking appliances, Kohler and Newport Brass fixtures, Ann Sacks and Aguayo tile, and custom details at every turn. The living area and kitchen are accented by stunning 200-year-old hand-hewn salvaged beams, blending historic character with modern coastal luxury. Smart home technology includes Control4 lighting and automation, security cameras, and integrated flat-screen TVs. Major upgrades provide peace of mind and efficiency, including all new hurricane-impact windows, solid shiplap interior walls, oak flooring, updated plumbing and wiring, a 5-ton HVAC system, hurricane strapping, and a durable metal roof. This home is truly turn-key and ready to enjoy. Whether you're searching for a primary residence, luxury vacation getaway, or high-performing investment property, this Gulf-front gem delivers the relaxed beach lifestyle buyers dream about — just bring your flip-flops and start living on island time.
| Elementary School | Middle School | High School |
|---|---|---|
| Patronis Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 2/10/2026 | Listed $2,895,000 |
| 3/28/2026 | 7$2,695,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Cable Connected,Electricity Available,High Speed Internet Available |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Community Features | Short Term Rental Allowed |
| County | Bay |
| Property Type | Residential |
| HOA | false |
| Subdivision Name | Gulf Lagoon Beach |
| Status | Closed |
| Directions | From Hwy 98, South on Navy Blvd, turn Right/West onto Thomas Drive. Left on Irwin Street, Right on Gulf Drive. Home on Left. |
| High School | Arnold |
| City | Panama City Beach |
| MLS Area | 03 - Bay County - Beach |
| Lot Size Units | Acres |
| Lot Size Square Feet | 12458 |
| Elementary School | Patronis |
| Tax Annual Amount | 19737 |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 0323 - Beach - South of Grand Lagoon |
| Standard Status | Closed |
| Property Sub Type Additional | Single Family Residence |
| Occupancy Type | Tenant |
| Waterfront Features | Gulf,Shoreline - Sand |
| Year Built | 1997 |
| Heating | Electric |
| Cooling | Central Air,Ceiling Fan(s) |
| Appliances | Washer/Dryer Stacked,Electric Cooktop,Electric Oven,Electric Water Heater,Ice Maker |
| Patio/Porch Features | Balcony,Deck |
| Construction Materials | Wood Siding,Wood Frame |
| View | Gulf |
| Attached Garage | false |
| Garage Y/N | true |
| Total Rooms | 4 |
| Full Baths | 2 |
| Virtual Tour | https://my.matterport.com/show/?m=oh2Vueh4jv9&mls=1 |
| Garage Spaces | 2 |
| Architectural Style | Coastal |
| Stories Count | 2 |
| Levels | Two |
| Security Features | Security System,Smoke Detector(s) |
| New Construction | false |
| Roof | Metal |
Interior Features
| Total Baths | 3 |
|---|---|
| Furnished Units | All Units |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 4 |
| LivingAreaSource | Appraiser |
| Window Features | Double Pane Windows,Storm Window(s) |
| Half Baths | 1 |
| Total Stories | 2 |
| Laundry Features | Stacked |
Exterior Features
| Lot Features | Paved |
|---|---|
| Lot Size Area | 0.29 |
| Lot Dimensions | 50 x 250 |
| Mobile Home Dimensions | Feet |
| Lot Size Acres | 0.29 |
| Building Area Total | 1786 |
| Waterfront Y/N | true |
| Exterior Amenities | Deck |
| Foundation Details | Pillar/Post/Pier |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32408
Price
Taxes
Year Built
In The Neighborhood
Panama City Beach
$ 889,500
5405 Thomas Drive
Panama City Beach, FL 32408
- Type
- Single Family
- Size
- 2,801 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City
$ 1,499,000
5500 Gulf Drive
Panama City, FL 32408
- Type
- Single Family
- Size
- 2,414 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City
$ 1,499,000
5516 Gulf Drive
Panama City, FL 32408
- Type
- Single Family
- Size
- 2,414 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City Beach
$ 1,155,500
5416 Gulf Drive
Panama City Beach, FL 32408
- Type
- Single Family
- Size
- 2,453 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City
$ 1,399,000
5518 Gulf Drive
Panama City, FL 32408
- Type
- Single Family
- Size
- 2,414 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City Beach
$ 1,399,000
5518 Gulf Drive
Panama City Beach, FL 32408
- Type
- Single Family
- Size
- 2,414 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Open House
Panama City
$ 989,000
5522 Thomas Drive
Panama City, FL 32408
- Type
- Single Family
- Size
- 2,095 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City Beach
$ 1,899,000
5903 Gulf Drive
Panama City Beach, FL 32408
- Type
- Single Family
- Size
- 1,296 SqFt
- Rooms
- 3 Beds + 2 Baths
Panama City Beach
$ 1,899,000
5903 Gulf Drive
Panama City Beach, FL 32408
- Type
- Single Family
- Size
- 1,296 SqFt
- Rooms
- 3 Beds + 2 Baths
Emerald Coast Association of REALTORS®, Inc. 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 consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The information is provided exclusively 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.
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 consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
