Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$4,490,000

  • For Sale
  • Active
  • Single Family
  • 9 Beds
  • 7 Full Baths
See This Home
Save This Home
See This Home
Save This Home
''INVESTMENT PROPERTY'' This beautiful Private Beach home is a money maker! It has produced over $400k in rentals a year over the last four years. It is already booked at 70% for 2026! The location is great in the heart of all the attractions in Panama City Beach! The home has a 14x24 heated pool, hot tub , and over 2000sq ft of back deck to enjoy. You can walk off the back deck right into the beautiful white sand, and into the gulf! Home also boasts plenty of parking for boats, motorcycles, or RV's. With 9 bed rooms and 7 bathrooms there is room for the entire family! King size beds are in seven of the nine bedrooms, and almost every room has a beautiful view of the gulf. Home has a Large open area for entertaining and Gourmet Kitchen. There is also a separate Media/Game room for the kids upstairs with game table and large flat screen TV. ''Making Waves'' is a premiere gulf front home with a proven rental record! You must come see it for yourself!

Full Property Details for 5409 Gulf Dr

General

  • Price: $4,490,000
  • Taxes: $23,043 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Bay_County
  • MLS ID: 784135
  • Updated: 2/17/2026
  • Added to Site: 40 day(s) ago

Interior

  • Number of Rooms: 9
  • Appliances: Convection Oven, Washer/Dryer Stacked, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater

Rooms

Bathrooms

  • Total Bathrooms: 7
  • Full Bathrooms: 7

Bedrooms

  • Total Bedrooms: 9

Other Rooms

  • Laundry: Stacked

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Fenced, Gunite, Electric Heat, In Ground, Private
  • Security/Safety: Fire Alarm

Exterior

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

Location

  • County: Bay
  • Subdivision: [No Recorded Subdiv]
  • Driving Directions: From the Hathaway bridge take Thomas Drive west , Then turn left onto Gulf drive. The home is on the Gulf at 5409.

School Information

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

Community

  • Community Name: 03 - Bay County - Beach

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Utility Description: Cable Connected

Structural Information

  • Architectural Style: Coastal
  • Construction: HardiPlank Type
  • Roof: Metal
  • Windows: Double Pane Windows, Storm Window(s)
  • Stories/Levels: 3
  • Sq. Ft. Source: Appraiser
  • Year Built: 2015

Lot Features

  • Property View: Gulf
  • Lot Size (Acres): 0.29
  • Lot Size (Sq. Ft.): 12,458
  • Lot Size: .29
  • Lot Dimensions: 50 x 250
  • Frontage: City Street
  • Zoning: County, Resid Single Family

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Gulf, Shoreline - Sand
  • Water Front View: Gulf, Shoreline - Sand

Financial Considerations

  • Tax Amount: $23,043
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: GULF LAGOON BEACH LOT 4 BLK 6 ORB 3979 P 618
  • Property ID: 32285-000-000

Listed by Beach Time Realty, Inc

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 5409 Gulf Dr —

  • Beach Time Realty, Inc

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 5409 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
6-87.2 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 5409 Gulf Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/24/2026
Listed
$4,490,000
713.41%
MLS
2/12/2018
Sold
$552,000
—
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 5409 Gulf Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$23,003
5%
$1,927,167
—
2024
$21,853
6%
$1,923,692
5%
2023
$20,704
38%
$1,834,511
47%
2021
$15,014
-9%
$1,248,586
-16%
2022
$16,569
10%
$1,490,378
26%
2021
$15,014
8%
$1,185,652
5%
2019
$13,954
6%
$1,129,378
7%
2018
$13,193
3%
$1,050,827
4%
2017
$12,813
1%
$1,013,501
3%
2016
$12,666
312%
$983,531
322%
2015
$3,076
3%
$233,100
3%
2014
$2,985
14%
$226,440
1%
2013
$2,625
—
$224,741
—
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.

Estimate the Cost for 5409 Gulf Dr

$
Down Payment
%
$
%

$
$

*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 Beach Time Realty, Inc

Similar Properties near 5409 Gulf Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

8711 Surf Dr, Panama City, FL 32408 - Photo 1
$4,500,000

8711 Surf Dr  Panama City, FL 32408

  • Single Family
  • Active
  • 7
    Beds
  • 9
    Total Baths
  • 4,715
    Sq. Ft.
240 Lakeview Dr, Santa Rosa Beach, FL 32459 - Photo 1
$4,295,000

240 Lakeview Dr  Santa Rosa Beach, FL 32459

  • Single Family
  • Active
  • 8
    Beds
  • 10
    Total Baths
  • 7,107
    Sq. Ft.
3537 E County Hwy 30A E, Santa Rosa Beach, FL 32459 - Photo 1
$4,495,000

3537 E County Hwy 30A E  Santa Rosa Beach, FL 32459

  • Single Family
  • Active
  • 7
    Beds
  • 7
    Total Baths
  • 5,385
    Sq. Ft.
3365 E County Hwy 30A E, Santa Rosa Beach, FL 32459 - Photo 1
$5,000,000

3365 E County Hwy 30A E  Santa Rosa Beach, FL 32459

  • Single Family
  • Active
  • 7
    Beds
  • 8
    Total Baths
  • 7,215
    Sq. Ft.

Just Listed near 5409 Gulf Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

Lot 76 Harbour Trace, Freeport, FL 32439 - Photo 1 Just Listed
$160,000

Lot 76 Harbour Trace  Freeport, FL 32439

  • Land Residential
  • Active
  • Updated 5 days ago
  • 0.59
    Acres
110 Palm Shadow Wy, Freeport, FL 32439 - Photo 1 Just Listed
$239,900

110 Palm Shadow Wy  Freeport, FL 32439

  • Townhouse
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 3
    Total Baths
56 Silverthorn St, Freeport, FL 32439 - Photo 1 Just Listed
$399,000

56 Silverthorn St  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 4 days ago
  • 4
    Beds
  • 3
    Total Baths
Lot 77 Harbour Trace, Freeport, FL 32439 - Photo 1 Just Listed
$175,000

Lot 77 Harbour Trace  Freeport, FL 32439

  • Land Residential
  • Active
  • Updated 5 days ago
  • 0.63
    Acres

Price Reduced near 5409 Gulf Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

45 N Sand Palm Rd, Freeport, FL 32439 - Photo 1 Price Reduced
-$9,500 (-4.15%)
$219,500

45 N Sand Palm Rd  Freeport, FL 32439

  • Townhouse
  • Active
  • Updated 6 days ago
  • 2
    Beds
  • 3
    Total Baths
0000 N Name, Defuniak Springs, FL 32433 - Photo 1 Price Reduced
-$20,000 (-8%)
$230,000

0000 N Name  Defuniak Springs, FL 32433

  • Vacant Land
  • Active
  • Updated 2 days ago
  • 40
    Acres
132 Brizo Ln, Santa Rosa Beach, FL 32459 - Photo 1 Price Reduced
-$1,000 (-0.15%)
$663,000

132 Brizo Ln  #Lot 14  Santa Rosa Beach, FL 32459

  • Single Family
  • Active
  • Updated 14 hours ago
  • 4
    Beds
  • 4
    Total Baths
11 Beachside Dr, Santa Rosa Beach, FL 32459 - Photo 1 Price Reduced
-$39,000 (-5.35%)
$690,000

11 Beachside Dr  #233  Santa Rosa Beach, FL 32459

  • Condo
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths

Recent Sales near 5409 Gulf Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

95 San Roy Rd, Santa Rosa Beach, FL 32459 - Photo 1 Sold
$3,900,000

95 San Roy Rd  #B  Santa Rosa Beach, FL 32459

  • Vacant Land
  • Closed
  • 0.36
    Acres
3820 E County Hwy 30A, Santa Rosa Beach, FL 32459 - Photo 1 Sold
$5,000,000

3820 E County Hwy 30A  #408  Santa Rosa Beach, FL 32459

  • Condo / Townhouse
  • Closed
  • 3
    Beds
  • 4
    Total Baths
  • 2,855
    Sq. Ft.
35 Jasmine Cir, Santa Rosa Beach, FL 32459 - Photo 1 Sold
$3,948,750

35 Jasmine Cir  Santa Rosa Beach, FL 32459

  • Single Family
  • Closed
  • 4
    Beds
  • 6
    Total Baths
  • 3,755
    Sq. Ft.
2657 E County Hwy 30A E, Santa Rosa Beach, FL 32459 - Photo 1 Sold
$4,800,000

2657 E County Hwy 30A E  Santa Rosa Beach, FL 32459

  • Single Family
  • Closed
  • 6
    Beds
  • 6
    Total Baths
  • 5,296
    Sq. Ft.

5409 Gulf Drive, Panama City, FL 32408 (MLS# 784135) is a Single Family property with 9 bedrooms and 7 full bathrooms. 5409 Gulf Drive is currently listed for $4,490,000 and was received on January 24, 2026. Want to learn more about 5409 Gulf Drive? Do you have questions about finding other Single Family 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.

Tour this property