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$1,840,000 -$10,000 (-0.54%) Price Reduced

  • For Sale
  • Active
  • Vacant Land
  • 0.29 Acres
  • Updated 2 days ago
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A rare chance to own prime Gulf-front property in one of the most desirable stretches of Panama City Beach. This cleared 0.29-acre parcel sits directly beside from public beach access #7, offering unmatched visibility, walkability, and development potential. Zoned mixed-use, the property allows for a wide range of possibilities. With no HOA restrictions, public utilities near by, and paved road access, it's a straightforward site to bring your vision to life. Whether you're a developer, investor, or visionary builder and want to bring your dream home to life, 5403 Gulf Drive is your chance to create something extraordinary on Florida's Emerald Coast.

Full Property Details for 5403 Gulf Dr

General

  • Price: $1,840,000
  • Taxes: $10,695 (2024)
  • Status: Active
  • Type: Vacant Land
  • Source: Bay_County
  • MLS ID: 778820
  • Updated: 2/13/2026
  • Added to Site: 158 day(s) ago

Location

  • County: Bay
  • Subdivision: Gulf Lagoon Beach
  • Driving Directions: From St. Andrews State Park, head west along Thomas Drive until you reach Hurt Street, then turn left that road leads directly to Gulf drive and run into the lot.

School Information

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

Community

  • Community Name: 03 - Bay County - Beach

Utilities

  • Utility Description: Sewer Available

Lot Features

  • Property View: Gulf
  • Lot Size (Acres): 0.29
  • Lot Size (Sq. Ft.): 12,458
  • Lot Size: .29
  • Lot Dimensions: 50 x 250

Water Features

  • Water Front: Yes
  • Water View: Yes

Financial Considerations

  • Tax Amount: $10,695
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: GULF LAGOON BEACH LOT 1 BLK 6 ORB 4073 P 2133
  • Property ID: 32282-000-000

Listed by Think Real Estate

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— 5403 Gulf Dr —

  • Think Real Estate

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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 5403 Gulf Dr

School District:Bay County School District
NameGradesDistance
Patronis Elementary School
7400 Patronis Dr, Panama City Beach, FL 32408
K-51.9 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-87.3 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-125.6 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 5403 Gulf Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/13/2026
Price Reduced
$1,840,000
-0.54%
MLS
9/10/2025
Listed
$1,850,000
—
MLS
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 5403 Gulf Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,160
4%
$1,166,351
—
2024
$10,695
7%
$1,166,351
9%
2023
$9,978
65%
$1,069,226
103%
2021
$6,059
-18%
$526,991
-31%
2022
$7,406
22%
$758,426
65%
2021
$6,059
23%
$460,391
15%
2019
$4,934
28%
$400,451
34%
2018
$3,862
12%
$299,198
8%
2017
$3,461
9%
$277,241
12%
2016
$3,174
3%
$247,271
6%
2015
$3,088
-3%
$233,951
-2%
2014
$3,183
-23%
$238,461
-32%
2013
$4,131
—
$350,283
—
View All
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

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Listed by Think Real Estate

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5403 Gulf Drive, Panama City, FL 32408 (MLS# 778820) is a Vacant Land property with a lot size of 0.29 acres. 5403 Gulf Drive is currently listed for $1,840,000 and was received on September 10, 2025. Want to learn more about 5403 Gulf Drive? 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.

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