5500 Gulf Drive, Panama City, FL 32408 (MLS# 794028)

Acreage: 0.13

Design: Beach House

Lot Size (SqFt): 5663

Apx SqFt(Htd/Cooled): 2414

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

# of Stories in Building: 2

Accessory Dwelling Unit: No

Lot Dimensions: 50.0 ft x 115.0 ft

New Construction: No

Garage Y/N: No

Pool: Yes

Pool Type: Private

Sub-Type: Detached Single Family

Bedrooms: 4

Full Baths: 3

Total Baths: 4

Year Built: 2018

List Price/SqFt: 620.96

Status: Active

List Date: 2026-08-13

List Price: $1,499,000

Current Price: $1,499,000

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: No

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: Traveling southeast on Thomas Drive take a right onto Biltmore, left onto Gulf Drive. Home is 4th on the left.

Area: 03 - Bay County - Beach

Street #: 5500

Street Name: Gulf

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Gulf Lagoon Beach

Parcel ID: 32294-000-000

Legal Description: GULF LAGOON BEACH LOT 9 BLK 7 ORB 4278 P 308

HOA Fee: No

Senior Community: No

New Buyer Fee: No

Last Taxes: 10562

Last Tax Year: 2025

Brokerage Interest: No Interest

Township: Panama City Bea

Remarks: First time to hit the market, 4 bedroom(plus bunk room) RENTAL POWERHOUSE on the highly sought after East End. One home off the water on a stretch of beach not overrun with condos. Owners, investors and tourists/guests LOVE this area for that exact reason. Schooners is on Gulf Dr- a 6 min walk, St Andrews State Park is 1 mile away, and the some of the beach's very best restaurants are concentrated in this Lower Lagoon area. Not to mention the sandy white beach directly across from this home. There's a King master ensuite on the first floor along with the kitchen, dining and living area, the laundry room and a half bathroom. Off of this is a door leading to an outdoor oasis. A heated optional pool with a lounge area and high top dining area. Upstairs is an additional Master King ensuite with a large balcony with views of the Gulf, 2 more bedrooms, bathroom and a bunkroom rounds out the upstairs area. This home has a strong rental history and great reviews. It's being sold furnished. Its sister property, identical in layout, 2 doors down is listed for sale as well.

Second: 1

Heated - Electric: 1

Inground: 1

Kitchen Island: 1

Lighting - Recessed: 1

Lock Out Closet: 1

Stairs: 1

Window - Treatment All: 1

Roof - Metal: 1

Balcony: 1

Columns: 1

Deck Covered: 1

Deck Open: 1

Fenced Back Yard: 1

Porch Covered: 1

Cash: 1

Conventional: 1

FHA: 1

Furnished: 1

Bunk Room: 1

First: 1

First: 1

Landscaped: 1

Near Beach Access: 1

Near Public Boat Ramp: 1

Within 1/2 Mile to Water: 1

Paved Road: 1

Driveway: 1

Resid Single Family: 1

Bedroom: 1

Bunk Room: 1

Kitchen: 1

Living Room: 1

Primary Bedroom: 1

Cable - Available: 1

Electricity - Availabile: 1

Garbage: 1

Natural Gas - Available: 1

Generator: 1

Internet - Fiber Optic: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Gulf: 1

First: 1

Second: 1

Second: 1

Ceiling Fan(s): 1

Central Air: 1

Central: 1

MBath Double Vanity: 1

MBath Separate Shwr: 1

MBath Walk-In Closet: 1

MBed Balcony: 1

MBed First Floor: 1

MBed Walk-in Closet: 1

Smoke Detector(s): 1