5518 Gulf Drive, Panama City Beach, FL 32408 (MLS# 999040)

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.

Supplements: 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!

Open Houses

Saturday, April 11, 3:00 pm - 6:00 pm

Sunday, April 12, 2:00 pm - 5:00 pm

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 662.39 List Date: 2026-03-27 Current Price: $1,599,000 List Price: $1,599,000

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 12 BLK 7 ORB 4566 P 1527

General Property Info

Sub-Type: Detached Single Family Design: Beach House SqFt Source: County PA Records Garage: No Carport: No Driveway Spaces: 4 Pool: Yes Pool Type: Private Apx SqFt(Htd/Cooled): 2414 Bedrooms: 4 Full Baths: 3 Half Baths: 1 Total Bathrooms: 4 # Stories: 2 Year Built: 2019

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 12941.99 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: No

Remarks & Misc

Remarks: 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.

Construction Status

Construction Complete: 1

Waterview

Gulf: 1

Lot/Parcel Access

County Road: 1 Paved Road: 1

Lot Features

Corner: 1 Level: 1 Within 1/2 Mile to Water: 1

Construction/Siding

Roof Metal: 1 Siding CmntFbrHrdBrd: 1

Utilities

Electric: 1 Public Sewer: 1 Public Water: 1

Zoning

Resid Single Family: 1

Exterior

Balcony: 1 BBQ Pit/Grill: 1 Deck Open: 1 Fenced Lot-Part: 1 Patio Covered: 1 Patio Open: 1 Pool - In-Ground: 1 Porch: 1 Shower: 1 Sprinkler System: 1

Interior

Floor Tile: 1 Floor Vinyl: 1 Furnished - All: 1 Kitchen Island: 1 Owner's Closet: 1 Pantry: 1 Window Treatment All: 1

Financing

Conventional: 1 FHA: 1 VA: 1 Other: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Refrigerator W/IceMk: 1 Smoke Detector: 1 Stove/Oven Electric: 1 Washer: 1

Energy

AC - 2 or More: 1 AC - Central Elect: 1 Ceiling Fans: 1 Heat Cntrl Electric: 1

Mstr Bdrm/Mstr Bath

MBath Double Vanity: 1 MBath Separate Shwr: 1 MBath Tile: 1 MBed First Floor: 1 MBed Walk-in Closet: 1

Master Bedroom

First: 1 Second: 1

Bedroom

Second: 1

Kitchen

First: 1

Living Room

First: 1

Rooms

Bedroom: 1 Bunk Room: 1 Kitchen: 1 Living Room: 1 Master Bedroom: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 27 - Bay County Street #: 5518 Street Name: Gulf Street Suffix: Drive State: FL Zip Code: 32408 County: Bay Project Name/Subdivision: GULF LAGOON BEACH Parcel ID: 32296-010-000

Property Features

Construction Status: Construction Complete Lot Features: Corner; Level; Within 1/2 Mile to Water Zoning: Resid Single Family Waterview: Gulf Exterior: Balcony; BBQ Pit/Grill; Deck Open; Fenced Lot-Part; Patio Covered; Patio Open; Pool - In-Ground; Porch; Shower; Sprinkler System Interior: Floor Tile; Floor Vinyl; Furnished - All; Kitchen Island; Owner's Closet; Pantry; Window Treatment All Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator W/IceMk; Smoke Detector; Stove/Oven Electric; Washer Utilities: Electric; Public Sewer; Public Water Energy: AC - 2 or More; AC - Central Elect; Ceiling Fans; Heat Cntrl Electric Master Bedroom: First; Second Bedroom: Second Kitchen: First Living Room: First Rooms: Bedroom; Bunk Room; Kitchen; Living Room; Master Bedroom Financing: Conventional; FHA; VA; Other

Room Information

Master Bedroom Level: First Dimensions: 17 x 14 Length: 17.00 Width: 14.00 Dimensions: 17 x 14 Master Bedroom Level: Second Dimensions: 17 x 14 Length: 17.00 Width: 14.00 Dimensions: 17 x 14 Living Room Level: First Dimensions: 20 x 18 Length: 20.00 Width: 18.00 Dimensions: 20 x 18 Kitchen Level: First Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Dimensions: 12 x 12 Bedroom Level: Second Dimensions: 12 x 11 Length: 12.00 Width: 11.00 Dimensions: 12 x 11 Bedroom Level: Second Dimensions: 12 x 11 Length: 12.00 Width: 11.00 Dimensions: 12 x 11 Bunk Room Level: Second Dimensions: 12 x 8 Length: 12.00 Width: 8.00 Dimensions: 12 x 8