5609 Gulf Drive, Panama City, FL 32408 (MLS# 768553)

HOA Fee: No

New Buyer Fee: No

Last Taxes: 22439

Last Tax Year: 2023

Brokerage Interest: No Interest

List Price/SqFt: 890.97

Status: Sold

List Date: 2025-01-31

List Price: $2,999,000

Current Price: $2,475,000

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 Hathaway Bridge, Left on Thomas Drive, go over the lagoon bridge to Thomas Drive Curve and take a right at light, Left on Biltmore Dr, Right on Gulf Drive, Home on left.

Area: 03 - Bay County - Beach

Street #: 5609

Street Name: Gulf

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: No Named Subdivision

Parcel ID: 32329-000-000

Legal Description: GULF LAGOON BEACH LOT 2 BLK 11 ORB 4403 P 2023

Acreage: 0.29

Design: Beach House

Lot Size (SqFt): 12632

Apx SqFt(Htd/Cooled): 3366

Construction Status: Construction Complete

SqFt Source: Prop App Site

Lot Dimensions: 50X250

New Construction: No

Garage Y/N: No

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 6

Full Baths: 4

Total Baths: 4

Year Built: 2000

Remarks: Beachfront Paradise Awaits Experience the ultimate in beachfront living with this stunning 6-bedroom, 4-bathroom fully furnished home, perfectly situated on the Gulf of Mexico in East Panama City Beach. Just a short walk to local restaurants, shopping and entertainment, this property offers breathtaking views and the convenience of a prime location. Step onto the expansive beachfront deck, built with durable Trex decking and equipped with a staircase that leads directly to the sand. After a day by the water, rinse off in the outdoor shower and unwind as the sun sets over the Gulf. Inside, the main level features an open-concept living and dining area with tall ceilings and luxury vinyl plank flooring, perfect for entertaining. The waterfront master suite offers private deck access and an ensuite with a jacuzzi tub, separate shower, and double vanities. The main floor also includes an additional bedroom, full bathroom, and a charming bunkroom. Upstairs, three more bedrooms, two bathrooms, and a cozy second living area open onto a private balcony with panoramic Gulf views. Whether you're enjoying morning coffee or evening sunsets, the views here are unforgettable. This home is built for both beauty and durability with a metal roof, new AC installed in 2024, and the space to add a luxury pool in the large backyard (pre-assessed for installation). Located on one of the larger Gulf-front lots in unincorporated Bay County, this property offers more flexibility than homes within Panama City Beach city limits. Whether you're seeking a full-time residence, a vacation retreat, or an investment property, this home delivers.

Sold Price/SqFt: 735.29

Sold Price/Acre: 8534482.76

Under Contract Date: 2025-03-08

Sold Date: 2025-04-11

Sold Price: $2,475,000

First: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Microwave: 1

Range - Electric: 1

Washer: 1

Water Heater - Electric: 1

Floor - Vinyl Plank: 1

Lighting - Recessed: 1

Pantry: 1

Stairs: 1

Roof - Metal: 1

Siding - Stucco: 1

Deck Open: 1

Shower: 1

Shore - Beach: 1

Cash: 1

Conventional: 1

VA: 1

Furnished: 1

Bunk Room: 1

First: 1

Near Beach Access: 1

Near Public Boat Ramp: 1

Waterfront: 1

County Road: 1

Paved Road: 1

Driveway: 1

MBath Double Vanity: 1

MBath Separate Shwr: 1

MBath Whirlpool: 1

MBed First Floor: 1

MBed Waterfront: 1

Resid Single Family: 1

Bedroom: 1

Dining Room: 1

Living Room: 1

Master Bedroom: 1

TV Cable: 1

Electricity - Connected: 1

Garbage: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Gulf: 1

Gulf: 1

First: 1

Second: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Multi Units: 1

Central: 1

Electric: 1

Smoke Detector(s): 1