5920/5922 Gulf Drive
Panama City, FL 32408
MLS# 792773
Property DescriptionRare east-end Panama City Beach opportunity just off the Gulf. These two adjoining parcels total approximately 45' x 100' and offer an exceptional setting for a custom beach retreat or coastal project.
Located just east of Hadley's Beach and just a short distance from the sand, this property gives you the beachside lifestyle without being tied to an HOA. Enjoy the flexibility of no HOA dues, no HOA approval process, and no neighborhood rental restrictions imposed by an association, while still being close to the water, Thomas Drive, St. Andrews State Park, Shell Island excursions, Grand Lagoon marinas, restaurants, beach bars, fishing, boating, and the quieter charm of the east end.
The property is zoned SR-2 Seasonal/Resort and is located in Flood Zone X, adding to its appeal for buyers looking for a flexible beach-area opportunity in a highly desirable location. Buyer to verify zoning, permitted uses, setbacks, buildable envelope, utilities, lot-combination requirements, flood zone, coastal construction requirements, and any short-term rental or development requirements with Bay County.
List Price/Acre: 8833333.33
Status: Active
List Date: 2026-07-08
List Price: $795,000
Sub Area: 0323 - Beach - South of Grand Lagoon
Community/Resort: None
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: located just east of Hadley's Beach on Gulf Drive across the street from the beach.
Street #: 5920/5922
Street Name: Gulf
Street Suffix: Drive
Area: 03 - Bay County - Beach
State: FL
Zip Code: 32408
County: Bay
Subdivision: Crescent Beach Unit 1
Parcel ID: 30561-025-000 & 30561-025-000
Legal Description: 8 4S 15W -8.5- MAP 59A1 COM NW COR L-11 B-13 GULF LAG BCH TH NW 200' SW 320.10' NW 80' FOR POB TH NW 20' NE 100' SE 20' SW 100' TO POB AKA PT OF LOT 15 BLK 2 SACHS UNR ORB 3323 P 2256
Acreage: 0.09
Lot Size (SqFt): 4000
Lot Dimensions: 45x100
Sub-Type: Residential Lots
HOA Fee: No
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks: Rare east-end Panama City Beach opportunity just off the Gulf. These two adjoining parcels total approximately 45' x 100' and offer an exceptional setting for a custom beach retreat or coastal project.
Located just east of Hadley's Beach and just a short distance from the sand, this property gives you the beachside lifestyle without being tied to an HOA. Enjoy the flexibility of no HOA dues, no HOA approval process, and no neighborhood rental restrictions imposed by an association, while still being close to the water, Thomas Drive, St. Andrews State Park, Shell Island excursions, Grand Lagoon marinas, restaurants, beach bars, fishing, boating, and the quieter charm of the east end.
The property is zoned SR-2 Seasonal/Resort and is located in Flood Zone X, adding to its appeal for buyers looking for a flexible beach-area opportunity in a highly desirable location. Buyer to verify zoning, permitted uses, setbacks, buildable envelope, utilities, lot-combination requirements, flood zone, coastal construction requirements, and any short-term rental or development requirements with Bay County.
Electricity - Connected: 1
Sewer Available: 1
Utilities: Electricity - Connected; Sewer Available; Water Available
Listing Office: Berkshire Hathaway HomeServices Beach Properties of Florida
Last Updated: July - 17 - 2026
Information deemed reliable but not guaranteed.