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Property Description
There is something timeless about waking to the sight of the Gulf stretching endlessly beyond your window. At 5931 Gulf Drive, that experience becomes part of everyday life. Positioned directly on the shoreline within Hadley's Beach, an intimate community where only ten residences enjoy true Gulf-front placement, this fully furnished home invites you to live at the water's edge, where the rhythm of the waves sets the pace of the day. Spanning 5,031 square feet, the residence was designed around the view. From the moment you enter, the Gulf commands attention--an ever-changing backdrop of turquoise water, white sand, and expansive coastal sky. Sunlight moves effortlessly through the home's generous living spaces, creating an atmosphere that feels both elevated and welcoming. The heart of the home is where people naturally gather. A beautifully appointed kitchen with premium appliances opens seamlessly into the living and dining areas, creating a setting equally suited for celebratory dinners, holiday gatherings, or quiet mornings with coffee overlooking the shoreline. Every space feels connected, designed to bring family and friends together while never losing sight of the water beyond. With seven bedrooms and eight-and-a-half bathrooms, the home offers room to spread out and settle in. Yet it is the third-floor primary suite that truly captures the imagination. Elevated above the coastline, it feels almost suspended between sea and sky. Here, sweeping Gulf views greet the morning, while evenings are framed by breathtaking sunsets reflected across the water. Outside, life naturally gravitates toward the Gulf. A private pool offers a refreshing retreat between beach walks, while the shoreline itself is just steps away. Days begin with sunrise strolls along the sugar-white sand and end with conversations carried by the sound of the surf. Thoughtful additions such as two laundry rooms and an elevator servicing all levels bring comfort and convenience to everyday living. Offered fully furnished and with short-term rentals permitted, the home is prepared to be enjoyed from the moment you arrive. Whether envisioned as a gathering place for generations, a coastal retreat, or an investment in one of Panama City Beach's most desirable beachfront communities, the experience remains the same: effortless, refined, and deeply connected to the beauty of the Gulf. At 5931 Gulf Drive, the shoreline is not simply a view--it becomes part of the way you live.
Full Property Details
Full Property Details for 5931 Gulf Dr
General
- Price: $5,295,000
- Taxes: (2025)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 791891
- Updated: 7/10/2026
- Added to Site: Today
Interior
- Number of Rooms: 7
- Appliances: Gas Oven, Gas Range
Rooms
Bathrooms
- Total Bathrooms: 9
- Full Bathrooms: 8
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 7
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Private
Exterior
- Porch/Patio/Deck: Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
Location
- County: Bay
- Subdivision: Hadley's Beach
- Driving Directions: Heading East on Thomas Drive, turn right onto Nova Street and then take the first right onto Gulf Drive which will take you to the community entrance. The community is between the Watercrest Condo
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Underground Utilities
Structural Information
- Architectural Style: Coastal
- Construction: HardiPlank Type
- Roof: Metal
- Stories/Levels: 3
- Sq. Ft. Source: Plans
- Year Built: 2026
Lot Features
- Property View: Gulf
- Lot Size (Acres): 0.26
- Lot Size (Sq. Ft.): 11,326
- Lot Size: .26
- Lot Dimensions: 50.0 ft x 227.0 ft
- Zoning: Resid Single Family
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Gulf
- Water Front View: Gulf
Financial Considerations
- Tax Year: 2025
Disclosures and Reports
- Legal Description: HADLEY'S BEACH LOT 10 ORB 4626 P 2127
- Property ID: 30932-100-100
Listed by Corcoran Reverie
Get Pre-Approved Today
Schools
Schools serving 5931 Gulf Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Patronis Elementary School 7400 Patronis Dr, Panama City Beach, FL 32408 | K-5 | 1.6 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 6.8 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 5.2 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 5931 Gulf Dr
Date
Details
Price
Change
Source
7/10/2026
Listed
$5,295,000
76.79%
MLS
10/28/2022
Sold
$2,995,000
—
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 5931 Gulf Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$20,277
7%
$1,650,000
9%
2023
$18,910
221%
$1,512,500
197%
2022
$5,895
—
$509,670
—
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 5931 Gulf Dr
5931 Gulf Drive, Panama City, FL 32408 (MLS# 791891) is a Single Family property with 7 bedrooms, 8 full bathrooms and 1 partial bathroom. 5931 Gulf Drive is currently listed for $5,295,000 and was received on July 10, 2026. Want to learn more about 5931 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.

