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$850,000
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Property Description
Rare Gulf-Front Opportunity! Build your dream coastal retreat on this ready-to-build Gulf-front lot located at 5101 Gulf Drive in Panama City Beach. Enjoy panoramic views of the Gulf of Mexico, direct beach access, and an unbeatable location near Schooners and St. Andrews State Park. No HOA and utilities available. Perfect for a custom luxury home or vacation rental investment--one of the few remaining Gulf-front parcels in the area. Perfectly positioned near Schooners, Patches Pub, and St. Andrews State Park, this Gulf-front property offers the perfect balance of privacy and convenience--just minutes from dining, marinas, and Panama City Beach's most desirable attractions. Whether your vision is a custom luxury residence, a vacation retreat, or an income-producing investment, this ready-to-build homesite delivers the flexibility and freedom to bring your dream to life. With utilities available and no HOA restrictions, you can design and build to fully capture the panoramic Gulf views and coastal lifestyle. Property Features: Direct Gulf-front parcel with sweeping Gulf views; Cleared and ready to build; Utilities available; No HOA restrictions; Ideal for a custom home or short-term rental investment; Prime location near restaurants, shops, and marinas Opportunities to own true Gulf-front land in Panama City Beach are extremely limited. Schedule your private showing today and start planning your modern coastal masterpiece surrounded by emerald waters and endless sunsets.
Full Property Details
Full Property Details for 5101 Gulf Dr #D
General
- Price: $850,000
- Taxes: $13,936 (2024)
- Status: Active
- Type: Vacant Land
- Source: Bay_County
- MLS ID: 781283
- Updated: 9/28/2026
- Added to Site: 186 day(s) ago
Location
- County: Bay
- Subdivision: Gulf Lagoon Beach
- Driving Directions: East end of Thomas Dr. Turn south on Huff and then left on Gulf. East of SCHOONER'S, directly on the Gulf. Sign in front of lot
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
Additional Structures
- Other Structures: None
Lot Features
- Property View: Gulf
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,400
- Lot Size: .1
- Lot Dimensions: 22 x 200
- Lot Features: Paved
- Zoning: County
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Gulf, See Remarks
- Water Front View: Gulf, See Remarks
Financial Considerations
- Tax Amount: $13,936
- Tax Year: 2024
Disclosures and Reports
- Legal Description: GULF LAGOON BEACH 70B1 & 70B2 BEG AT NW COR LOT 6 TH SELY 21.83' SWLY 200 TO WATER NWLY 18.54' NELY 200' TO POB AKA UNIT D BLK 1 ORB 3599 P 2397 (6.01)
- Property ID: 32254-000-000
Listed by eXp Realty, LLC
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Schools
Schools serving 5101 Gulf Dr #D
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Patronis Elementary School 7400 Patronis Dr, Panama City Beach, FL 32408 | K-5 | 2.2 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 7.5 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 5.9 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 5101 Gulf Dr #D
Date
Details
Price
Change
Source
9/28/2026
Price Reduced
$850,000
-5.45%
MLS
12/09/2025
Price Reduced
$899,000
-10.01%
MLS
11/05/2025
Listed
$999,000
1075.29%
MLS
4/10/2014
Sold
$85,000
—
Public Record
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
Tax History for 5101 Gulf Dr #D
Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,936
—
$819,565
-37%
2024
$13,936
5%
$1,299,839
5%
2023
$13,254
258%
$1,243,659
231%
2021
$3,704
-65%
$375,808
-63%
2022
$10,687
189%
$1,022,229
211%
2021
$3,704
34%
$328,288
62%
2019
$2,758
16%
$202,642
10%
2018
$2,378
12%
$184,220
8%
2017
$2,131
9%
$170,716
12%
2016
$1,954
3%
$152,248
6%
2015
$1,901
3%
$144,040
3%
2014
$1,844
14%
$139,936
1%
2013
$1,622
—
$138,889
—
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 5101 Gulf Dr #D
5101 Gulf Drive #D, Panama City, FL 32408 (MLS# 781283) is a Vacant Land property with a lot size of 0.1 acres. 5101 Gulf Drive #D is currently listed for $850,000 and was received on April 29, 2026. Want to learn more about 5101 Gulf Drive #D? Do you have questions about finding other Vacant Land real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

