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$2,450,000
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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.
Full Property Details
Full Property Details for 5309 Gulf Dr
General
- Sold For: $2,450,000
- Taxes: $19,737 (2025)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 785010
- Added to Site: 104 day(s) ago
Interior
- Number of Rooms: 4
- Appliances: Washer/Dryer Stacked, Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Stacked
Additional Information
- Security/Safety: Security System, Smoke Detector(s)
Exterior
- Exterior Features: Deck
- Porch/Patio/Deck: Balcony, Deck
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Bay
- Subdivision: Gulf Lagoon Beach
- Driving 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.
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Cable Connected, Electricity Available, High Speed Internet Available
Structural Information
- Architectural Style: Coastal
- Construction: Wood Siding, Wood Frame
- Roof: Metal
- Windows: Double Pane Windows, Storm Window(s)
- Stories/Levels: 2
- Sq. Ft. Source: Appraiser
- Year Built: 1997
Lot Features
- Property View: Gulf
- Lot Size (Acres): 0.29
- Lot Size (Sq. Ft.): 12,458
- Lot Size: .29
- Lot Dimensions: 50 x 250
- Lot Features: Paved
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Gulf, Shoreline - Sand
- Water Front View: Gulf, Shoreline - Sand
Financial Considerations
- Tax Amount: $19,737
- Tax Year: 2025
Disclosures and Reports
- Legal Description: GULF LAGOON BEACH LOT 2 BLK 5 ORB 4575 P 1974
- Property ID: 32277-000-000
Listed by Counts Real Estate Group Inc
Sold by Think Real Estate
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Schools
Schools serving 5309 Gulf Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Patronis Elementary School 7400 Patronis Dr, Panama City Beach, FL 32408 | K-5 | 2 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 7.3 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 5.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5309 Gulf Dr
Date
Details
Price
Change
Source
5/22/2026
Sold
$2,450,000
-9.09%
MLS
3/28/2026
Price Reduced
$2,695,000
-6.91%
MLS
2/10/2026
Listed
$2,895,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5309 Gulf Drive, Panama City Beach, FL 32408 (MLS# 785010) is a Single Family property that was sold at $2,450,000 on May 22, 2026. Want to learn more about 5309 Gulf Drive? Do you have questions about finding other Single Family real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

