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$3,100,000

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 6 Full Baths
  • 1 Partial Bath
  • Updated 5 days ago
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Introducing a rare opportunity in Hadley's Beach an exclusive, low-density Gulf-front community in Panama City Beach. One of just ten first-tier homesites, this newly constructed three-story retreat is purpose-built for luxury living and exceptional rental performance, offering stunning design, panoramic views, and turnkey income potential. Step into the first floor where a private guest suite and a relaxed secondary living space set the tone for coastal comfort. Expansive sliders open to a covered outdoor kitchen and lounge, perfect for seamless indoor-outdoor entertaining. Just beyond, a heated saltwater pool with a sun shelf and swim deck invites relaxation in a setting just steps from the beach. Ride the private elevator to the second floor, where 12-foot ceilings and floor-to-ceiling windows frame the breathtaking Gulf. This level features a spacious open-concept living and dining area and a chef's kitchen outfitted with high-end appliances, premium finishes, and an oversized island built for gathering. A guest bedroom and 1.5 bathrooms offer comfort and flexibility for renters or family. The third floor delivers privacy and sleeping capacity with two Gulf-facing primary suites featuring spa-style baths and balconies, a custom bunk room designed for families and kids, and an additional guest bedroom with full bath. With 5 bedrooms, 6.5 bathrooms, and multiple living spaces across all three levels, the layout is tailor-made for high-volume short-term rentals. Every detail has been designed for ease and income from the full fire suppression system meeting all STR code requirements to the garage and oversized driveway with parking for 5+ vehicles, including an EV charger. Whether you're seeking a luxury second home, full-time residence, or a rental machine in one of the Gulf Coast's most coveted beach communities, this Hadley's Beach home delivers unmatched value, beauty, and return on investment.

Full Property Details for 5940 Gulf Dr

General

  • Price: $3,100,000
  • Taxes: $5,161 (2024)
  • Status: Active
  • Type: Single Family
  • Source: Bay_County
  • MLS ID: 783122
  • Updated: 1/13/2026
  • Added to Site: 16 day(s) ago

Interior

  • Number of Rooms: 15
  • Interior Features: Smart Thermostat
  • Appliances: Bar Fridge, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Tankless Water Heater
  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 5

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Gas Heat, In Ground, Salt Water, Private
  • Security/Safety: Carbon Monoxide Detector(s), Fire Sprinkler System, Fire Alarm, Smoke Detector(s)

Exterior

  • Exterior Features: Barbecue, Covered Patio, Outdoor Kitchen, Outdoor Shower
  • Porch/Patio/Deck: Deck, Balcony, Covered, Patio

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: Electric Vehicle Charging Station(s)

Location

  • County: Bay
  • Subdivision: Hadley's Beach
  • Driving Directions: Heading East on Thomas Drive, turn right onto Nova Street and then take the first right onto Gulf Drive which will take you to the community entrance. The community is between the Watercrest Condominium and Regency Towers Condominium.

School Information

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

Community

  • Community Name: 03 - Bay County - Beach
  • Association: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Electric

Utilities

  • Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities

Structural Information

  • Architectural Style: Coastal
  • Construction: HardiPlank Type, Wood Frame
  • Stories/Levels: 3
  • Sq. Ft. Source: Plans
  • Year Built: 2025

Lot Features

  • Property View: Gulf
  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,358
  • Lot Size: .12
  • Lot Dimensions: 100 x 50
  • Fencing (Description): Privacy

Water Features

  • Water Front: Yes
  • Water View: Yes

Financial Considerations

  • Tax Amount: $5,161
  • Tax Year: 2024

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: HADLEY'S BEACH LOT 22
  • Property ID: 30932-100-220

Listed by Miller & Associates Realty

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Listing agents

— 5940 Gulf Dr —

  • Miller & Associates Realty

  • Miller & Associates Realty

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 5940 Gulf Dr

School District:Bay County School District
NameGradesDistance
Patronis Elementary School
7400 Patronis Dr, Panama City Beach, FL 32408
K-51.6 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-86.8 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-125.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5940 Gulf Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/02/2026
Listed
$3,100,000
376.92%
MLS
5/20/2024
Sold
$650,000
—
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 5940 Gulf Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,161
8%
$420,000
10%
2023
$4,776
70%
$382,000
57%
2022
$2,811
—
$243,045
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*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 Miller & Associates Realty

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5940 Gulf Drive, Panama City Beach, FL 32408 (MLS# 783122) is a Single Family property with 5 bedrooms, 6 full bathrooms and 1 partial bathroom. 5940 Gulf Drive is currently listed for $3,100,000 and was received on January 02, 2026. Want to learn more about 5940 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.

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