Recently Viewed Properties

No photo available

See This Home
Save This Listing
Close

$1,599,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 2,414 Sq. Ft.
  • Updated 6 days ago

No photo available

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. 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!

Full Property Details for 5518 Gulf Dr

General

  • Price: $1,599,000
  • Taxes: $12,941 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Emerald_Coast
  • MLS ID: 999040
  • Updated: 4/13/2026
  • Added to Site: 23 day(s) ago

Interior

  • Number of Rooms: 7
  • Interior Features: Kitchen Island, Owner's Closet, Pantry
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
  • Furnishings: Furnished - All
  • Flooring: Floor Tile, Floor Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Pool: Yes
  • Pool Description: Pool - In-Ground, Pool Type

Exterior

  • Exterior Features: Balcony, BBQ Pit/Grill, Shower, Sprinkler System
  • Porch/Patio/Deck: Deck Open, Patio Covered, Patio Open, Porch

Location

  • Area: 27 - Bay County
  • County: Bay
  • Subdivision: GULF LAGOON BEACH
  • Driving Directions: From Thomas Dr TURN SOUTH onto Biltmore Drive. Home will be on left on corner of Gulf Drive and Biltmore Drive.

School Information

  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fans, Central Air
  • Heating Type: Central
  • Heating/Cooling: Central, Ceiling Fans, Central Air

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electric, Public Water

Structural Information

  • Architectural Style: Beach House
  • Construction: Siding CmntFbrHrdBrd
  • Exterior Const.: Siding CmntFbrHrdBrd
  • Stories/Levels: 2
  • Square Feet: 2,414
  • Sq. Ft. Source: County PA Records
  • Year Built: 2019

Lot Features

  • Property View: Gulf
  • Lot Dimensions: 50 x 118
  • Frontage: County Road
  • Street/Road Desc.: Paved
  • Lot Features: Corner, Level, Within 1/2 Mile to Water
  • Zoning: Resid Single Family
  • Fencing (Description): Fenced Lot-Part

Water Features

  • Water View: Yes

Financial Considerations

  • Tax Amount: $12,941.99
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: GULF LAGOON BEACH LOT 12 BLK 7 ORB 4566 P 1527
  • APN: 32296-010-000
  • Property ID: 32296-010-000

Listed by The Premier Property Group Seacrest Office

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agents

— 5518 Gulf Dr —

  • The Premier Property Group Seacrest Office

  • The Premier Property Group Seacrest Office

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5518 Gulf Dr

School District:Bay County School District
NameGradesDistance
Patronis Elementary School
7400 Patronis Dr, Panama City Beach, FL 32408
K-51.8 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-87.2 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-125.5 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 5518 Gulf Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/27/2026
Listed
$1,599,000
8.48%
MLS
5/17/2022
Sold
$1,474,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5518 Gulf Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,791
—
$1,049,462
1%
2024
$12,791
-19%
$1,037,594
-18%
2023
$15,800
123%
$1,260,541
110%
2021
$7,075
2%
$600,007
1%
2022
$6,909
-2%
$593,871
-1%
2021
$7,075
580%
$600,740
1059%
2019
$1,041
76%
$51,854
10%
2018
$590
—
$47,140
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 5518 Gulf Dr

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by The Premier Property Group Seacrest Office

Similar Properties near 5518 Gulf Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

8213 Surf Dr, Panama City Beach, FL 32408 - Photo 1
$1,540,000

8213 Surf Dr  Panama City Beach, FL 32408

  • Single Family
  • Active
  • Updated 3 days ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,288
    Sq. Ft.
8312 Surf Dr, Panama City Beach, FL 32408 - Photo 1
$1,545,000

8312 Surf Dr  Panama City Beach, FL 32408

  • Single Family
  • Active
  • 5
    Beds
  • 3
    Total Baths
13639 Banana Wind Wy, Panama City Beach, FL 32413 - Photo 1
$1,659,000

13639 Banana Wind Wy  Panama City Beach, FL 32413

  • Single Family
  • Active
  • 5
    Beds
  • 5
    Total Baths
105 Paradise Found Cir, Panama City Beach, FL 32413 - Photo 1
$1,698,900

105 Paradise Found Cir  Panama City Beach, FL 32413

  • Single Family
  • Active
  • 5
    Beds
  • 5
    Total Baths

Just Listed near 5518 Gulf Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

76 Tidepool Ln, Watersound, FL 32461 - Photo 1 Just Listed
$3,350,000

76 Tidepool Ln  Watersound, FL 32461

  • Single Family
  • Active
  • Updated 3 days ago
  • 4
    Beds
  • 5
    Total Baths
  • 4,082
    Sq. Ft.
39 Seabreeze Blvd, Alys Beach, FL 32461 - Photo 1 Just Listed
$8,500,000

39 Seabreeze Blvd  Alys Beach, FL 32461

  • Commercial
  • Active
10343 E County Hwy 30A, Seacrest, FL 32461 - Photo 1 Just Listed
$995,000

10343 E County Hwy 30A  #331  Seacrest, FL 32461

  • Condo
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,453
    Sq. Ft.
2046 W County Hwy 30A, Santa Rosa Beach, FL 32459 - Photo 1 Just Listed
$875,000

2046 W County Hwy 30A  ## M2428  Santa Rosa Beach, FL 32459

  • Condo
  • Active
  • Updated 4 days ago
  • 2
    Beds
  • 3
    Total Baths
  • 1,335
    Sq. Ft.

Price Reduced near 5518 Gulf Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

74 Town Hall Rd, Rosemary Beach, FL 32461 - Photo 1
$3,035,000

74 Town Hall Rd  #3B  Rosemary Beach, FL 32461

  • Condo / Townhouse
  • Active
  • 3
    Beds
  • 3
    Total Baths
  • 1,790
    Sq. Ft.
16 S Barrett Square, Rosemary Beach, FL 32461 - Photo 1 Price Reduced
-$100,000 (-1.19%)
$8,295,000

16 S Barrett Square  #5  Rosemary Beach, FL 32461

  • Condo
  • Active
  • Updated 6 days ago
  • 6
    Beds
  • 6
    Total Baths
  • 5,863
    Sq. Ft.
104 N Barrett Square N, Rosemary Beach, FL 32461 - Photo 1
$2,075,000
Open House

104 N Barrett Square N  #2A  Rosemary Beach, FL 32461

  • Condo / Townhouse
  • Active
  • 2
    Beds
  • 2
    Total Baths
  • 1,281
    Sq. Ft.
71 Norman Ct, Watersound, FL 32461 - Photo 1 Price Reduced
-$50,000 (-0.96%)
$5,145,000

71 Norman Ct  Watersound, FL 32461

  • Single Family
  • Active
  • Updated 6 days ago
  • 4
    Beds
  • 6
    Total Baths
  • 4,518
    Sq. Ft.

Recent Sales near 5518 Gulf Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

5203 Gulf Dr, Panama City Beach, FL 32408 - Photo 1 Sold
$1,705,000

5203 Gulf Dr  Panama City Beach, FL 32408

  • Single Family
  • Closed
  • 3
    Beds
  • 2
    Total Baths
5919 Gulf Dr, Panama City Beach, FL 32408 - Photo 1 Sold
$1,650,000

5919 Gulf Dr  Panama City Beach, FL 32408

  • Residential Lots
  • Closed
  • Updated 3 days ago
  • 0.25
    Acres
5919 Gulf Dr, Panama City Beach, FL 32408 - Photo 1 Sold
$1,650,000

5919 Gulf Dr  Panama City Beach, FL 32408

  • Single Family
  • Closed
7311 Emerson Dr, Panama City Beach, FL 32408 - Photo 1 Sold
$1,800,000

7311 Emerson Dr  Panama City Beach, FL 32408

  • Single Family
  • Closed
  • 4
    Beds
  • 5
    Total Baths

5518 Gulf Drive, Panama City Beach, FL 32408 (MLS# 999040) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 5518 Gulf Drive is currently listed for $1,599,000 and was received on March 27, 2026. Want to learn more about 5518 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.

Tour this property