5309 Gulf Drive, Panama City Beach, FL 32408 (MLS# 785010)

List Price/SqFt: 1508.96

Status: Pending

List Date: 2026-02-10

List Price: $2,695,000

Current Price: $2,695,000

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: Yes

Gulf Access: Yes

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: From Hwy 98, South on Navy Blvd, turn Right/West onto Thomas Drive. Left on Irwin Street, Right on Gulf Drive. Home on Left.

Area: 03 - Bay County - Beach

Street #: 5309

Street Name: Gulf

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Gulf Lagoon Beach

Parcel ID: 32277-000-000

Legal Description: GULF LAGOON BEACH LOT 2 BLK 5 ORB 4575 P 1974

Acreage: 0.29

Design: Beach House

Lot Size (SqFt): 12458

Apx SqFt(Htd/Cooled): 1786

Construction Status: Construction Complete

SqFt Source: An Appraiser

Half Baths: 1

# of Stories in Building: 2

Lot Dimensions: 50 x 250

New Construction: No

Garage Y/N: Yes

Garage Spaces: 2

Beach Frontage: 50

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 4

Full Baths: 2

Total Baths: 3

Year Built: 1997

HOA Fee: No

New Buyer Fee: No

Last Taxes: 19737

Last Tax Year: 2025

Brokerage Interest: Familial Interest - Listing Broker/Licensee related to owner.

Remarks: Charming coastal retreat with timeless beach-house appeal, ideally located on the highly sought-after east end of Panama City Beach. This beautifully renovated 4-bedroom, 2.5-bath Gulf-front home sits on an expansive 50' x 250' lot and offers stunning Gulf views from most rooms, including the primary suite, secondary bedrooms, living room, and kitchen — plus more than 2,000 square feet of balconies and decks designed to soak in the scenery. The elevated design features a spacious lower level with dual garage bays, providing generous space for parking, storage, beach gear, and all your outdoor toys. Just beyond, the covered ground-level entertaining area is built for relaxation, complete with ample seating and swing seating — perfect for game days, gatherings with friends, or unwinding while enjoying the Gulf breeze and open views. Inside, a full renovation showcases exceptional craftsmanship and high-end designer finishes throughout. The kitchen and bathrooms feature Italian Carrara marble, Viking appliances, Kohler and Newport Brass fixtures, Ann Sacks and Aguayo tile, and custom details at every turn. The living area and kitchen are accented by stunning 200-year-old hand-hewn salvaged beams, blending historic character with modern coastal luxury. Smart home technology includes Control4 lighting and automation, security cameras, and integrated flat-screen TVs. Major upgrades provide peace of mind and efficiency, including all new hurricane-impact windows, solid shiplap interior walls, oak flooring, updated plumbing and wiring, a 5-ton HVAC system, hurricane strapping, and a durable metal roof. This home is truly turn-key and ready to enjoy. Whether you're searching for a primary residence, luxury vacation getaway, or high-performing investment property, this Gulf-front gem delivers the relaxed beach lifestyle buyers dream about — just bring your flip-flops and start living on island time.

Cooktop - Electric: 1

Dishwasher: 1

Disposal: 1

Ice Maker: 1

Microwave: 1

Oven - Electric: 1

Washer/Dryer Stacked: 1

Water Heater - Electric: 1

Wine Refrigerator: 1

Breakfast Bar: 1

Ceiling - Beamed: 1

Floor - Hardwood: 1

Floor - Tile: 1

Kitchen Island: 1

Lighting - Recessed: 1

Security System: 1

Window - Treatment All: 1

Foundation - On Piling: 1

Wood/Frame: 1

Roof - Metal: 1

Siding - Wood: 1

Trim - Wood: 1

Balcony: 1

Deck Open: 1

Double Pane Windows: 1

Storm Windows: 1

Shore - Beach: 1

Waterfront Feet: 50

Furnished: 1

Second: 1

Second: 1

Dedicated Beach: 1

Deeded Access: 1

Paved Road: 1

Garage Attached: 1

Oversized: 1

MBath Double Vanity: 1

MBath Shower Only: 1

MBed Balcony: 1

MBed Waterfront: 1

Bedroom: 1

Kitchen: 1

Living Room: 1

Master Bedroom: 1

TV Cable: 1

Electricity - Connected: 1

Internet - Broadband Available: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Gulf: 1

Unobstructed: 1

Gulf: 1

Second: 1

Second: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Electric: 1

Security System: 1

Smoke Detector(s): 1

Under Contract Date: 2026-05-06