Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$1,599,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
See This Home
Save This Home
See This Home
Save This Home
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: 49 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

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

— 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.

Estimate the Cost for 5518 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 The Premier Property Group

Similar Properties near 5518 Gulf Dr

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

7860 Grand Lagoon Wy, Panama City, FL 32408 - Photo 1
$1,650,000

7860 Grand Lagoon Wy  Panama City, FL 32408

  • Single Family
  • Active
  • 4
    Beds
  • 4
    Total Baths
3034 W 27th Ct, Panama City, FL 32405 - Photo 1
$1,639,600

3034 W 27th Ct  Panama City, FL 32405

  • Single Family
  • Active
  • 4
    Beds
  • 3
    Total Baths
8213 Surf Dr, Panama City, FL 32408 - Photo 1
$1,540,000

8213 Surf Dr  Panama City, FL 32408

  • Single Family
  • Active
  • 4
    Beds
  • 3
    Total Baths
2806 Canal Dr, Panama City, FL 32405 - Photo 1 Just Listed
$1,599,000

2806 Canal Dr  Panama City, FL 32405

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 5
    Total Baths

Just Listed near 5518 Gulf Dr

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

51 Silverthorn St, Freeport, FL 32439 - Photo 1 Just Listed
$340,000
Open House

51 Silverthorn St  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 5 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,788
    Sq. Ft.
Listed by Samantha Lapomardo (717) 572-1259
247 E Sky Wy, Freeport, FL 32439 - Photo 1 Just Listed
$525,000

247 E Sky Wy  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 6 days ago
  • 5
    Beds
  • 3
    Total Baths
  • 2,596
    Sq. Ft.
Listed by Mari Welch (850) 699-3403
434 Mango Ln, Freeport, FL 32439 - Photo 1 Just Listed
$549,990

434 Mango Ln  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 21 hours ago
  • 3
    Beds
  • 3
    Total Baths
  • 2,996
    Sq. Ft.
Listed by Paige Brown (850) 830-9514 and Trey Runnels (850) 502-1681
22 W Fawn Run W, Freeport, FL 32439 - Photo 1 Just Listed
$407,169

22 W Fawn Run W  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 3 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 2,025
    Sq. Ft.

Price Reduced near 5518 Gulf Dr

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

400 Pitts Bayshore Dr, Freeport, FL 32439 - Photo 1 Price Reduced
-$50,000 (-4.17%)
$1,150,000

400 Pitts Bayshore Dr  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 3 days ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,734
    Sq. Ft.
Listed by Cheri Dickson (850) 612-1281 and Nick Brown (540) 379-4435
168 W Farm Owl Dr, Freeport, FL 32439 - Photo 1 Price Reduced
-$4,642 (-1.12%)
$408,518

168 W Farm Owl Dr  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 1 hour ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,035
    Sq. Ft.
69 Foxtrail Run, Freeport, FL 32439 - Photo 1 Price Reduced
-$3,799 (-1%)
$376,101

69 Foxtrail Run  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 6 days ago
  • 5
    Beds
  • 3
    Total Baths
  • 2,107
    Sq. Ft.
667 Alleyoak Ln, Freeport, FL 32439 - Photo 1 Price Reduced
-$5,000 (-1.29%)
$384,000

667 Alleyoak Ln  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,908
    Sq. Ft.

Recent Sales near 5518 Gulf Dr

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

4421 Thomas Dr, Panama City, FL 32408 - Photo 1 Sold
$1,585,000

4421 Thomas Dr  #101  Panama City, FL 32408

  • Condo
  • Closed
  • Updated 10 days ago
  • 3
    Beds
  • 3
    Total Baths
Sold by Frank Trenholm
4421 Thomas Dr, Panama City, FL 32408 - Photo 1 Sold
$1,550,000

4421 Thomas Dr  #602  Panama City, FL 32408

  • Condo
  • Closed
  • 3
    Beds
  • 3
    Total Baths
102 Grand Lagoon Shores Dr, Panama City, FL 32408 - Photo 1 Sold
$1,497,868

102 Grand Lagoon Shores Dr  #1-4  Panama City, FL 32408

  • Multi-Family
  • Closed
  • 4
    Units
  • 0.28
    Acres
714 Bunkers Cove Rd, Panama City, FL 32401 - Photo 1 Sold
$1,825,000

714 Bunkers Cove Rd  Panama City, FL 32401

  • Single Family
  • Closed
  • 3
    Beds
  • 3
    Total Baths

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.

Tour this property