Date
Details
Price
Change
Source
6/02/2026
Listed
$6,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$6,400,000
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Property Description
Experience the pinnacle of Gulf-front luxury at 5939 Gulf Drive, a newly constructed coastal estate located within the exclusive beachfront enclave of Hadley's Beach in Panama City Beach. Perfectly positioned directly on the sugar-white sands with 50 feet of Gulf frontage, this extraordinary four-story residence offers nearly 6,000 square feet of thoughtfully designed living space with 9 bedrooms, 10 full baths, 1 half bath, a bunk room, recreation room, private elevator, and a stunning private Gulf-front pool. Designed to balance sophistication, comfort, and investment potential, this fully furnished home is already operating as a short-term rental opportunity. Expansive gathering spaces, multiple Gulf-front balconies, and panoramic emerald-water views create an unforgettable coastal experience for owners and guests alike. The open-concept main living area showcases elevated finishes, generous entertaining spaces, and seamless indoor-outdoor flow overlooking the beach. Whether you are seeking a luxury second home, an elite investment property, or a legacy beachfront estate, 5939 Gulf Drive delivers an exceptional opportunity to own one of Panama City Beach's newest premier Gulf-front residences.
Full Property Details
Full Property Details for 5939 Gulf Dr
General
- Price: $6,400,000
- Taxes: $20,284 (2025)
- Status: Active
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 1004512
- Updated: 6/2/2026
- Added to Site: 7 day(s) ago
Rental Information
- Complex Features: Short Term Rental - Allowed, Beach, Deed Access
Interior
- Number of Rooms: 11
- Interior Features: Ceiling Beamed, Ceiling Raised, Elevator, Fireplace, Kitchen Island, Lighting Recessed, Owner's Closet, Pantry, Washer/Dryer Hookup, Wet Bar
- Appliances: Dishwasher, Disposal, Dryer, Ice Machine, Microwave, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Gas, Washer, Wine Refrigerator, Water Heater - Tnkls
- Furnishings: Furnished - All
- Flooring: Floor Hardwood
Rooms
Bathrooms
- Total Bathrooms: 10
- Full Bathrooms: 9
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 8
Additional Information
- Pool: Yes
- Pool Description: Pool - In-Ground, Pool Type
- Security/Safety: Fire Alarm/Sprinkler
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
Location
- Area: 27 - Bay County
- County: Bay
- Subdivision: Hadley's Beach
- Driving Directions: Heading East on Thomas Drive, turn Right onto Nova Street. Take the first right onto Gulf Drive. Home is on the right (Gulf Front).
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Association: Yes
- Assoc. Fees Include: Accounting, Ground Keeping, Legal
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
- Heating/Cooling: Central, Central Air
Utilities
- Sewer: Public Sewer
- Utility Description: Electric, Gas - Natural, Public Water, Underground
Structural Information
- Architectural Style: Beach House
- Construction: Siding Shake
- Exterior Const.: Siding Shake
- Stories/Levels: 4
- Square Feet: 5,891
- Sq. Ft. Source: County PA Records
- Year Built: 2025
Lot Features
- Property View: Gulf
- Lot Size (Acres): 0.26
- Lot Size (Sq. Ft.): 11,325.6
- Lot Dimensions: 50 x 229
- Zoning: Resid Single Family
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Type: Gulf
Financial Considerations
- Assessment Amount: $500
- Tax Amount: $20,284.94
- Tax Year: 2025
Disclosures and Reports
- Legal Description: HADLEY'S BEACH LOT 8 ORB 4761 P 662
- APN: 30932-100-080
- Property ID: 30932-100-080
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Schools
Schools serving 5939 Gulf Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Patronis Elementary School 7400 Patronis Dr, Panama City Beach, FL 32408 | K-5 | 1.6 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 6.8 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 5.2 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 5939 Gulf Dr
Tax History
Tax History for 5939 Gulf Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$20,277
7%
$1,650,000
9%
2023
$18,910
217%
$1,512,500
193%
2022
$5,963
—
$515,520
—
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
Estimate the Cost for 5939 Gulf Dr
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- Single Family
- Active
- Updated 14 hours ago
- 8Beds
- 8Total Baths
- 5,662Sq. Ft.
- Single Family
- Active
- Updated 35 minutes ago
- 7Beds
- 7Total Baths
- 8,653Sq. Ft.
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- Condo
- Active
- Updated 3 hours ago
- 2Beds
- 2Total Baths
- 1,353Sq. Ft.
- Condo
- Active
- Updated 18 hours ago
- 2Beds
- 2Total Baths
- 1,379Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 4Total Baths
- 2,004Sq. Ft.
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- Single Family
- Active
- Updated 18 hours ago
- 5Beds
- 6Total Baths
- 4,230Sq. Ft.
- Single Family
- Active
- Updated 14 hours ago
- 4Beds
- 3Total Baths
- 2,405Sq. Ft.
- Single Family
- Active
- Updated 11 hours ago
- 4Beds
- 4Total Baths
- 2,263Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 5Beds
- 6Total Baths
- 4,200Sq. Ft.
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- Single Family
- Closed
- 9Beds
- 11Total Baths
- 7,461Sq. Ft.
5939 Gulf Drive, Panama City Beach, FL 32408 (MLS# 1004512) is a Single Family property with 8 bedrooms, 9 full bathrooms and 1 partial bathroom. 5939 Gulf Drive is currently listed for $6,400,000 and was received on June 02, 2026. Want to learn more about 5939 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.