5516 Gulf Drive , Panama City, FL 32408

$1,499,000
  • 5516 Gulf Drive , Panama City, FL 32408 Main Photo

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Active
BEDS4 BATHS3 full 1 partial SQUARE FEET2,414 MLS#794031
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONGulf Lagoon Beach

Property Description

First time to hit the market, 4 bedroom(plus bunk room) RENTAL POWERHOUSE on the highly sought after East End. One home off the water on a stretch of beach not overrun with condos. Owners, investors and tourists/guests LOVE this area for that exact reason. Schooners is on Gulf Dr- a 6 min walk, St Andrews State Park is 1 mile away, and the some of the beach's very best restaurants are concentrated in this Lower Lagoon area. Not to mention the sandy white beach directly across from this home. There's a King master ensuite on the first floor along with the kitchen, dining and living area, the laundry room and a half bathroom. Off of this is a door leading to an outdoor oasis. A heated optional pool with a lounge area and high top dining area. Upstairs is an additional Master King ensuite with a large balcony with views of the Gulf, 2 more bedrooms, bathroom and a bunkroom rounds out the upstairs area. This home has a strong rental history and great reviews. It's being sold furnished. Its sister property, identical in layout, 2 doors down is listed for sale as well.

5516 Gulf Drive | MLS# 794031

This single family home located at 5516 Gulf Drive , Panama City, FL 32408 is currently listed for sale with an asking price of $1,499,000. 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.realtymark.net today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air, Ceiling Fan(s)
Fenced: Yes
Heating: Central
Home Style: Coastal
Lot Size: 0.13 Acres
Roof Type: Metal
Stories: 2.0
Taxes: $10,627
Year Built: 2019

Amenities

Balcony
Double Vanity
Interior Steps
Main Level Primary
Separate Shower
Walk-In Closet(s)
Covered Patio
Deck

Feature Descriptions

Appliances: Electric Cooktop, Electric Oven, Ice Maker
Community Features: Short Term Rental Allowed
Days on Site: 17
Fencing: Fenced
Lot: Paved
Lot Dimensions: 50.0 ft x 115.0 ft
Parcel#: 32296-000-000
Patio/Porch: Balcony, Deck, Covered, Porch
Pool: Electric Heat, In Ground, Private
Security: Smoke Detector(s)
Sewer: Public Sewer
Special View Info: Gulf
Swimming Pool: Yes
Utilities: Electricity Available, Natural Gas Available

Room Sizes

Bedroom: 12 X 10 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: Counts Real Estate Group Inc

Shown By

Agency Title: RealtyMark
Agency Phone: 888-260-0040

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Estimated Payment

$ 4,658.92 per month $3,336.12 Principal & Interest $885.58 Property Tax $437.21 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 08/31/2026. The listing information on this page last changed on 08/31/2026. 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 Mon 08/31/2026 12:32:14 AM EST) or Stellar MLS (last updated Mon 08/31/2026 12:24:48 AM EST) or GSMLS (last updated Mon 08/31/2026 12:24:12 AM EST) or Emerald Coast MLS (last updated Mon 08/31/2026 12:05:21 AM EST) or Fort Myers (last updated Sun 08/30/2026 11:04:29 PM EST) or Central Panhandle Association of Realtors (last updated Mon 08/31/2026 12:27:17 AM EST) or Northeast Florida MLS (last updated Mon 08/31/2026 12:18:53 AM EST) or Beaches MLS (last updated Sun 08/30/2026 12:35:35 AM EST) or Naples MLS (last updated Sun 08/30/2026 11:40:20 PM EST) or Bright MLS (last updated Mon 08/31/2026 12:28:23 AM EST) or OneKey MLS (last updated Mon 08/31/2026 12:28:23 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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