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$2,850,000
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Property Description
Under contract with 72 hour kick out clause in place. Positioned just steps from sugar-white sands and turquoise waters, 5948 Gulf Drive presents an elevated coastal residence within the refined setting of Hadley's Beach. With six bedrooms, six and a half bathrooms, and captivating Gulf views, this home offers a seamless blend of architectural detail, thoughtful design, and effortless seaside living. Interiors are curated with designer finishes and anchored by a chef's kitchen appointed with premium appliances, creating a sophisticated yet inviting environment for gathering and entertaining. Open living spaces are filled with natural light, framing coastal vistas and reinforcing the home's connection to its surroundings. Private retreats are thoughtfully arranged, including a spacious bunk room that enhances flexibility and functionality. Each bedroom suite is designed for comfort and privacy, supporting both everyday living and extended stays. Outdoors, a fenced backyard surrounds a private pool, offering a tranquil setting for relaxation after days spent at the beach just moments away. Whether enjoying sunrise walks along the shore or evenings under the stars, the lifestyle here is defined by proximity, beauty, and ease. With short-term rentals permitted and a premier Gulf-side location, 5948 Gulf Drive pairs lifestyle appeal with long-term opportunity. Refined, composed, and richly connected to its setting, this residence embodies the enduring elegance of coastal living at its finest.
Full Property Details
Full Property Details for 5948 Gulf Dr
General
- Sold For: $2,850,000
- Taxes: $6,163 (2025)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 785564
- Added to Site: 47 day(s) ago
Interior
- Number of Rooms: 6
- Appliances: Gas Oven, Gas Range
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 6
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 6
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Private
Exterior
- Porch/Patio/Deck: Balcony
Location
- County: Bay
- Subdivision: Hadley's Beach
- Driving Directions: From Thomas Drive, turn right on Crescent and left onto Gulf Drive. Home sits on left.
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: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Underground Utilities
Structural Information
- Architectural Style: Coastal
- Construction: HardiPlank Type
- Roof: Metal
- Sq. Ft. Source: Plans
- Year Built: 2025
Lot Features
- Property View: Gulf
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,227
- Lot Size: .12
- Lot Dimensions: 54' x 100'
- Lot Features: Paved
- Fencing (Description): Fenced
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $6,163
- Tax Year: 2025
Disclosures and Reports
- Legal Description: HADLEY'S BEACH LOT 20 ORB 4627 P 2364
- Property ID: 30932-100-200
Listed by Corcoran Reverie
Sold by Compass Florida, LLC
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Schools
Schools serving 5948 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 | 5.1 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 5948 Gulf Dr
Date
Details
Price
Change
Source
3/02/2026
Sold
$2,850,000
-1.72%
MLS
2/20/2026
Listed
$2,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5948 Gulf Drive, Panama City, FL 32408 (MLS# 785564) is a Single Family property that was sold at $2,850,000 on March 02, 2026. Want to learn more about 5948 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.

