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$2,900,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 6 Full Baths
  • 1 Partial Bath
  • 4,570 Sq. Ft.
  • Updated 18 hours ago
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Under contract with 72 hour kick out clause in place. Positioned just steps from sugar-white sands and turquoise waters, 5948 Gulf Drive presents an elevated coastal residence within the refined setting of Hadley's Beach. With six bedrooms, six and a half bathrooms, and captivating Gulf views, this home offers a seamless blend of architectural detail, thoughtful design, and effortless seaside living. Interiors are curated with designer finishes and anchored by a chef's kitchen appointed with premium appliances, creating a sophisticated yet inviting environment for gathering and entertaining. Open living spaces are filled with natural light, framing coastal vistas and reinforcing the home's connection to its surroundings. Private retreats are thoughtfully arranged, including a spacious bunk room that enhances flexibility and functionality. Each bedroom suite is designed for comfort and privacy, supporting both everyday living and extended stays. Outdoors, a fenced backyard surrounds a private pool, offering a tranquil setting for relaxation after days spent at the beach just moments away. Whether enjoying sunrise walks along the shore or evenings under the stars, the lifestyle here is defined by proximity, beauty, and ease. With short-term rentals permitted and a premier Gulf-side location, 5948 Gulf Drive pairs lifestyle appeal with long-term opportunity. Refined, composed, and richly connected to its setting, this residence embodies the enduring elegance of coastal living at its finest.

Full Property Details for 5948 Gulf Dr

General

  • Price: $2,900,000
  • Taxes: $6,162 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Emerald_Coast
  • MLS ID: 995836
  • Updated: 2/20/2026
  • Added to Site: Today

Interior

  • Rooms/Areas: Bedroom, Kitchen, Living Room, Recreation Room
  • Interior Features: Furnished - All
  • Appliances: Dishwasher, Dryer, Range Hood, Refrigerator W/IceMk, Smoke Detector, Washer

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Living Room: Living Room
  • Kitchen: Kitchen
  • Game room: Yes
  • Game Room: Recreation Room
  • Rec Room: Yes

Additional Information

  • Shared Amenities: Short Term Rental - Allowed
  • Pool: Yes

Exterior

  • Exterior Features: Balcony, Fenced Back Yard, Pool - In-Ground

Location

  • Area: 27 - Bay County
  • County: Bay
  • Subdivision: Hadley's Beach
  • Driving Directions: From Thomas Drive, turn right on Crescent and left onto Gulf Drive. Home sits on left.

School Information

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

Heating & Cooling

  • Heating/Cooling: AC - 2 or More, AC - Central Elect, Water Heater - Tnkls

Utilities

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

Structural Information

  • Architectural Style: Beach House
  • Construction: Roof Metal, Siding CmntFbrHrdBrd
  • Stories/Levels: 3
  • Square Feet: 4,570
  • Sq. Ft. Source: Building Plan
  • Year Built: 2025

Lot Features

  • Property View: Gulf
  • Lot Size (Acres): 0.12
  • Lot Dimensions: 54 x 100
  • Street/Road Desc.: Paved Road
  • Lot Features: Cleared, Covenants, Restrictions, Within 1/2 Mile to Water
  • Zoning: Resid Single Family

Financial Considerations

  • Assessment Amount: $500
  • Assmt Payment Freq: Annually
  • Tax Amount: $6,162
  • Tax Year: 2025
  • Terms: Conventional

Disclosures and Reports

  • Legal Description: Hadley's Beach Lot 20 Orb 4627 P 2364
  • Assessment: Yes
  • APN: 30932100200

Listed by Corcoran Reverie SRB

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— 5948 Gulf Dr —

  • Corcoran Reverie SRB

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5948 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 5948 Gulf Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/20/2026
Listed
$2,900,000
56.76%
MLS
9/28/2022
Sold
$1,850,000
—
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 5948 Gulf Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,163
19%
$552,500
32%
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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Listed by Corcoran Reverie SRB

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5948 Gulf Drive, Panama City Beach, FL 32408 (MLS# 995836) is a Single Family property with 6 bedrooms, 6 full bathrooms and 1 partial bathroom. 5948 Gulf Drive is currently listed for $2,900,000 and was received on February 20, 2026. Want to learn more about 5948 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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