5940 Gulf Drive
Panama City Beach, FL 32408
5
Bed
7
Bath
0.12Acre(Lot)
CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS - Introducing a rare opportunity in Hadley's Beach an ultra exclusive, low density Gulf front community in Panama City Beach, where only ten first tier homes exist... and opportunities like this almost never come to market. Priced at $2.99M and capable of generating up to $250,000 annually, this newly constructed three story retreat isn't just a luxury home. It's a high-performing coastal asset designed to deliver both lifestyle and income in one irreplaceable location. And now, with owner financing available, the path to ownership becomes even more accessible. Step inside and the experience begins immediately. The first level welcomes guests with a private suite and a relaxed secondary living space ideal for maximizing r
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 7 Full Baths: 6 Half Baths: 1Room Information
Rooms Total: 15Roofing Information
Metal -
Interior Features
SmartThermostatRoof: MetalAppliances: BarFridge, GasCooktop, GasOven, GasRange, GasWaterHeater, IceMaker, TanklessWaterHeater -
Heating & Cooling
Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: CentralAir, CeilingFans
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Building Information
Year Built: 2025Building Area Total: 4090Construction Materials: HardiplankType, Concrete, WoodFrameStories: 3Patio And Porch Features: Deck, Balcony, Covered, PatioPool Features: GasHeat, InGround, SaltWater, PrivatePrivate Pool: YesView: Gulf -
Exterior Features
Exterior Features: Barbecue, CoveredPatio, OutdoorKitchen, OutdoorShower
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Lot Information
Lot Dimensions: 100 X 50 Main Square Feet: 0.12 Lot Size Acres: 0.12 Lot Size Square Feet: 5,358Property Information
Subdivision: Hadley's Beach Source Property Type: Residential MLS Area Minor: 0323 - Beach - South of Grand Lagoon Property SubType: Single Family Residence Levels: ThreeOrMore Property Age: 1
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Listing Price Information
Listing Price: $2990500Original Price: $3100000
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Tax Information
Parcel Number: 30932-100-220 Tax Year: 2024 Annual Tax: $5161 Tax Legal Desc: HADLEY'S BEACH LOT 22
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Virtual Tour
Parking Information
ElectricVehicleChargingStationsGarage Information
Has Garage: Yes Garage Space: 1Homeowners Association Information
Has Association: YesCommunity Features: Barbecue, ShortTermRentalAllowed
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School Information
Elementary School: Patronis Junior High School: Surfside Senior High School: Arnold -
Utility Information
ElectricityAvailable, NaturalGasAvailable, SewerAvailable, UndergroundUtilities -
Location Information
Direction: Heading East on Thomas Drive, turn right onto Nova Street and then take the first right onto Gulf Drive which will take you to the community entrance. The community is between the Watercrest Condominium and Regency Towers Condominium. Security Features: CarbonMonoxideDetectors,FireSprinklerSystem,FireAlarm,SmokeDetectors
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3500 Dragon Ridge Road, Panama City Beach, FL, 32408 | $1,850,000 | 4 | 5 | -- | |
| 3519 Cottage Cove Lane, Panama City Beach, FL, 32408 | $450,702 | 3 | 3 | -- | |
| 3533 Cottage Cove Lane, Panama City Beach, FL, 32408 | $469,900 | 3 | 3 | -- | |
| 3522 Cottage Cove Lane, Panama City Beach, FL, 32408 | $690,000 | 4 | 3 | -- | |
| 3504 Dragon's Ridge Road, Panama City Beach, FL, 32408 | $940,000 | 4 | 3 | -- | |
| 3528 Cottage Cove Lane, Panama City Beach, FL, 32408 | $418,900 | 3 | 3 | -- | |
| 3916 Magnolia Bluff Lane, Panama City Beach, FL, 32408 | $479,900 | 4 | 4 | -- | |
| 3551 Cottage Cove Lane, Panama City Beach, FL, 32408 | $459,900 | 3 | 3 | -- | |
| 3564 Sanctuary Drive, Panama City Beach, FL, 32408 | $469,900 | 3 | 3 | -- | |
| 121 Dragon Circle, Panama City Beach, FL, 32408 | $615,700 | 4 | 3 | -- |
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ByOwner last updated this listing 06/12/2026 @ 14:34
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