5948 Gulf Drive, Panama City, FL 32408 (MLS# 785564)

HOA Fee: Yes

HOA Amount: 500

HOA Frequency: Annually

HOA Annual Amount: 500

New Buyer Fee: No

Last Taxes: 6163

Last Tax Year: 2025

Brokerage Interest: Ownership Interest - Listing Broker/Salesperson has ownership interest in the property.

As Is: Yes

List Price/SqFt: 634.57

Status: Sold

List Date: 2026-02-20

List Price: $2,900,000

Current Price: $2,850,000

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: No

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: From Thomas Drive, turn right on Crescent and left onto Gulf Drive. Home sits on left.

Area: 03 - Bay County - Beach

Street #: 5948

Street Name: Gulf

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Hadley's Beach

Parcel ID: 30932-100-200

Legal Description: HADLEY'S BEACH LOT 20 ORB 4627 P 2364

Acreage: 0.12

Design: Beach House

Lot Size (SqFt): 5227

Apx SqFt(Htd/Cooled): 4570

Construction Status: Construction Complete

SqFt Source: Builders Plans

Half Baths: 1

Lot Dimensions: 54'x100'

New Construction: Yes

Garage Y/N: No

Driveway Spaces: 2

Pool: Yes

Pool Type: Private

Sub-Type: Detached Single Family

Bedrooms: 6

Full Baths: 6

Total Baths: 7

Year Built: 2025

Remarks: Under contract with 72 hour kick out clause in place. Positioned just steps from sugar-white sands and turquoise waters, 5948 Gulf Drive presents an elevated coastal residence within the refined setting of Hadley's Beach. With six bedrooms, six and a half bathrooms, and captivating Gulf views, this home offers a seamless blend of architectural detail, thoughtful design, and effortless seaside living. Interiors are curated with designer finishes and anchored by a chef's kitchen appointed with premium appliances, creating a sophisticated yet inviting environment for gathering and entertaining. Open living spaces are filled with natural light, framing coastal vistas and reinforcing the home's connection to its surroundings. Private retreats are thoughtfully arranged, including a spacious bunk room that enhances flexibility and functionality. Each bedroom suite is designed for comfort and privacy, supporting both everyday living and extended stays. Outdoors, a fenced backyard surrounds a private pool, offering a tranquil setting for relaxation after days spent at the beach just moments away. Whether enjoying sunrise walks along the shore or evenings under the stars, the lifestyle here is defined by proximity, beauty, and ease. With short-term rentals permitted and a premier Gulf-side location, 5948 Gulf Drive pairs lifestyle appeal with long-term opportunity. Refined, composed, and richly connected to its setting, this residence embodies the enduring elegance of coastal living at its finest.

Sold Price/SqFt: 623.63

Sold Price/Acre: 23750000

Under Contract Date: 2026-02-20

Sold Date: 2026-03-02

Sold Price: $2,850,000

Inground: 1

First: 1

Dishwasher: 1

Disposal: 1

Microwave: 1

Oven - Gas: 1

Range - Gas: 1

Refrigerator: 1

Washer: 1

Roof - Metal: 1

Siding - Hardie Board: 1

Balcony: 1

Fenced Back Yard: 1

Accounting: 1

Management: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Furnished: 1

Bunk Room: 1

Second: 1

Paved Road: 1

Driveway: 1

Bedroom: 1

Living Room: 1

Recreation Room: 1

Electricity - Connected: 1

Natural Gas - Connected: 1

Public Sewer - Connected: 1

Underground Utilities: 1

Gulf: 1

First: 1

Second: 1

Central Air: 1

Central: 1

Electric: 1