5903 Gulf Drive, Panama City, FL 32408 (MLS# 797757)

Acreage: 0.08

Design: Beach House

Lot Size (SqFt): 3485

Apx SqFt(Htd/Cooled): 1296

Construction Status: Construction Complete

SqFt Source: Prop App Site

# of Stories in Building: 2

Accessory Dwelling Unit: No

Lot Dimensions: 14.0 ft x 246.0 ft

New Construction: No

Garage Y/N: No

Driveway Spaces: 2

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 3

Full Baths: 2

Total Baths: 2

Year Built: 1982

List Price/SqFt: 1465.66

Status: Active

List Date: 2026-11-11

List Price: $1,899,500

Current Price: $1,899,500

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: Travel south on Navy Blvd. Turn right at the big curve onto Thomas Dr. Turn left onto Nova St. next to Regency Towers. At the end of Nova St., turn left. 5903 Gulf Dr is the last house on the right.

Area: 03 - Bay County - Beach

Street #: 5903

Street Name: Gulf

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Gulf Lagoon Beach

Parcel ID: 30571-010-000

Legal Description: 8-4S-15W -17.1- BEG 374.25' SWLY OF NW COR LOT 11 BLK 13 GULF LAGOON BEACH TH NWLY 14' SWLY 246' TO GULF SELY TO PT NELY 246' TO POB AKA PT LOT 77 BLK 13 SACH'S UNREC TOG/W EAS ORB 4487 P 1769

HOA Fee: No

New Buyer Fee: No

Last Taxes: 8599.24

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Remarks: Welcome to The Palapa House, a fully furnished Gulf-front retreat on Panama City Beach's sugar-white sands, with rare deeded ownership extending to the water's edge, a distinction held by fewer than 7% of coastal parcels in the area. Engineered by the architects of Regency Towers and positioned farther forward on the dune line than neighboring homes, this residence captures sweeping, unobstructed Gulf views stretching east and west for spectacular sunrises and sunsets. Enjoy the beachfront from the upper-level balcony off the main family room or the lower-level deck adjoining the second bedroom, with direct access to the sand. A private boardwalk connects the front porch to the shore, with an outdoor rinse shower for easy beach cleanup. Two new custom beach loungers and a premium faux-thatched palapa umbrella complete the waterfront setting. Extensive improvements include a complete GAF roof system with new decking and fascia installed in July 2025, backed by a 15-year wind and material warranty. Exterior upgrades include a Tyvek vapor barrier, HardiePlank siding and trim, freshly caulked windows, Sherwin-Williams paint, and decks sealed with SuperDeck marine stain. A new Siemens 200-amp electrical panel and corrosion-resistant copper wiring were installed in 2025, while custom solar film on all windows helps manage heat gain. The property also passed professional four-point and wind mitigation inspections in 2025. Inside, luxury vinyl plank flooring runs throughout, complemented by fresh paint, updated ceiling fans and bathroom lighting, smart TVs, upgraded Wi-Fi, and custom security features. A 3D glass electric fireplace with color-changing flames and optional heat anchors the main living area. Updated furnishings and accessories enhance the family room, dining room, and bedrooms. Previously remodeled kitchen and bathrooms complement the turnkey offering, which includes an electric range, microwave, dishwasher, refrigerator, washer, and dryer. The three-bedroom layout sleeps up to 11, with a private second-floor primary suite with a spacious King bed and a full bath. The first floor features a full bath, custom twin XL bunks with trundle, a newer queen mattress in the bedroom, and a queen sleeper sofa. Mature palms, an 8-by-40-foot privacy fence, covered porch areas, and private driveway parking add comfort and convenience. Both beach decks feature custom cable railings and premium Sunbrella outdoor furniture. The property has no HOA fees and grandfathered flood mapping status. An established daily and weekly rental operation has consistently booked more than 200 days annually, with documented income available upon request. Minutes from St. Andrews State Park, Shell Island, marinas, public boat access, and waterfront dining, The Palapa House pairs direct beachfront living with extensive recent improvements and an established rental history.

Second: 1

Second: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Microwave: 1

Range - Electric: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Breakfast Bar: 1

Floor - Vinyl Plank: 1

Lighting - Recessed: 1

Lock Out Closet: 1

Window - Treatment All: 1

Foundation - On Piling: 1

Wood/Frame: 1

Roof - Dimensional Shg: 1

Siding - Hardie Board: 1

Trim - Hardie Board: 1

Balcony: 1

Deck Covered: 1

Fenced Lot-Part: 1

Shower: 1

Shore - Beach: 1

Other: 1

Cash: 1

Conventional: 1

VA: 1

Furnished: 1

Second: 1

Deeded Access: 1

Deeded Access Water: 1

Near Public Boat Ramp: 1

Survey Available: 1

Waterfront: 1

Within 1/2 Mile to Water: 1

Paved Road: 1

Driveway: 1

Resid Single Family: 1

Balcony: 1

Bedroom: 1

Family Room: 1

Full Bathroom: 1

Kitchen: 1

TV Cable: 1

Electricity - Connected: 1

Internet - Broadband Available: 1

Lift Station: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Gulf: 1

As Is: 1

First: 1

Second: 1

Gulf: 1

First: 1

Second: 1

Ceiling Fan(s): 1

Central Air: 1

Mini-Split/Ductless: 1

Central: 1

Electric: 1

Fireplace - Electric: 1

Mini-Split/Ductless: 1

MBath Shower/Tub Combo: 1

Carbon Monoxide Detector: 1

Security Lights: 1

Smoke Detector(s): 1