5403 Gulf Drive, Panama City Beach, FL 32408

$1,850,000
Property Type: Land Lot Size (sq. ft.): 12,632 Status: Active
Current Price: $1,850,000 List Date: 10/31/2025 Last Modified: 2/16/2026

Description

A rare chance to own prime Gulf-front property in one of the most desirable stretches of Panama City Beach. This cleared 0.29-acre parcel sits directly beside from public beach access #7, offering unmatched visibility, walkability, and development potential. Zoned mixed-use, the property allows for a wide range of possibilities. With no HOA restrictions, and paved road access, it's a straightforward site to bring your vision to life. Whether you're a developer, investor, or visionary builder and want to bring your dream home to life, 5403 Gulf Drive is your chance to create something extraordinary on Florida's Emerald Coast.

More Information MLS# 988712

Contract Info

Listing Board: Emerald Coast List Price/Acre: 6379310.34 List Date: 2025-10-31 List Price: $1,850,000

Location, Tax and Legal

Sub Area: 2723 - Beach - South of Grand Lagoon Elementary School: Patronis Middle School: Surfside High School: Arnold Legal Description: GULF LAGOON BEACH LOT 1 BLK 6 ORB 4073 P 2133

General Property Info

Sub-Type: Vacant Land Acreage: 0.29

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 10694.81 Last Tax Year: 2024 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: A rare chance to own prime Gulf-front property in one of the most desirable stretches of Panama City Beach. This cleared 0.29-acre parcel sits directly beside from public beach access #7, offering unmatched visibility, walkability, and development potential. Zoned mixed-use, the property allows for a wide range of possibilities. With no HOA restrictions, and paved road access, it's a straightforward site to bring your vision to life. Whether you're a developer, investor, or visionary builder and want to bring your dream home to life, 5403 Gulf Drive is your chance to create something extraordinary on Florida's Emerald Coast.

Waterfront

Gulf/Pass: 1 Waterfront Feet: 50

Waterview

Gulf: 1

Utilities

Electric: 1 Public Water: 1

Zoning

Commercial: 1 Resid Single Family: 1

None

Current Price: $1,850,000

Status Change Info

Status: Active

Location Tax and Legal

Street #: 5403 Street Name: Gulf Street Suffix: Drive Area: 27 - Bay County State: FL Zip Code: 32408 County: Bay Project Name/Subdivision: GULF LAGOON BEACH Parcel ID: 32282-000-000

Property Features

Zoning: Commercial; Resid Single Family Waterfront: Gulf/Pass Waterview: Gulf Utilities: Electric; Public Water
Listing Office: Think Real Estate
Last Updated: February - 16 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.