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$1,599,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • Updated 1 day ago
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Gulf views, directly across from the beach AND beach access--5518 Gulf Drive offers the ideal blend of location, space, and flexibility, making it ideal as second home rental investment, with the benefit of no HOA. Situated on a large corner lot on the east end of Panama City Beach, this home is designed with both comfort and functionality in mind. Newer construction and featuring a spacious living and kitchen area that opens to a private pool and a large patio with both covered and uncovered spaces--perfectly blending indoor and outdoor living for easy gathering and entertaining.The thoughtful layout includes two primary suites, along with two additional bedrooms with en suite baths, and 2 sets of full bunks - enhancing it's versatility to host large groups without sacrificing privacy. The private pool makes this a true vacation-style setting, while the front porch and expansive second-floor deck offer additional outdoor living spaces to enjoy Gulf views and coastal breezes. The corner lot provides ample parking--a rare and valuable feature this close to the beach. With short-term rentals allowed, a highly functional floor plan, and a location just moments from the sand, this property presents an exceptional opportunity to own your piece of paradise at the beach!

Full Property Details for 5518 Gulf Dr

General

  • Price: $1,599,000
  • Taxes: $12,942 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Bay_County
  • MLS ID: 787812
  • Updated: 4/2/2026
  • Added to Site: 1 day(s) ago

Interior

  • Number of Rooms: 8
  • Appliances: Electric Oven, Electric Range, Tankless Water Heater
  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Fenced, In Ground, Private

Exterior

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

Parking

  • Parking Features: Additional Parking

Location

  • County: Bay
  • Subdivision: Gulf Lagoon Beach
  • Driving Directions: From Thomas Dr TURN SOUTH onto Biltmore Drive. Home will be on left on corner of Gulf Drive and Biltmore Drive.

School Information

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

Community

  • Community Name: 03 - Bay County - Beach

Heating & Cooling

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

Utilities

  • Utility Description: Electricity Available, High Speed Internet Available, Sewer Available

Structural Information

  • Architectural Style: Coastal
  • Construction: HardiPlank Type
  • Roof: Metal
  • Stories/Levels: 2
  • Sq. Ft. Source: Appraiser
  • Year Built: 2019

Lot Features

  • Property View: Gulf
  • Lot Size (Acres): 0.13
  • Lot Size (Sq. Ft.): 5,663
  • Lot Size: .13
  • Lot Dimensions: 50 x 118
  • Lot Features: Paved
  • Zoning: Resid Single Family
  • Fencing (Description): Partial

Water Features

  • Water View: Yes

Financial Considerations

  • Tax Amount: $12,942
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: GULF LAGOON BEACH LOT 12 BLK 7 ORB 4566 P 1527
  • Property ID: 32296-010-000

Listed by The Premier Property Group

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Listing agent

— 5518 Gulf Dr —

  • The Premier Property Group

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 5518 Gulf Dr

School District:Bay County School District
NameGradesDistance
Patronis Elementary School
7400 Patronis Dr, Panama City Beach, FL 32408
K-51.8 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
9-125.5 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 5518 Gulf Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/02/2026
Listed
$1,599,000
8.48%
MLS
5/17/2022
Sold
$1,474,000
—
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 5518 Gulf Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,791
—
$1,049,462
1%
2024
$12,791
-19%
$1,037,594
-18%
2023
$15,800
123%
$1,260,541
110%
2021
$7,075
2%
$600,007
1%
2022
$6,909
-2%
$593,871
-1%
2021
$7,075
580%
$600,740
1059%
2019
$1,041
76%
$51,854
10%
2018
$590
—
$47,140
—
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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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by The Premier Property Group

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5518 Gulf Drive, Panama City, FL 32408 (MLS# 787812) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 5518 Gulf Drive is currently listed for $1,599,000 and was received on April 02, 2026. Want to learn more about 5518 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.

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