5516 Gulf Drive
Panama City, FL 32408
4
Bed
4
Bath
0.13Acre(Lot)
First time to hit the market, 4 bedroom(plus bunk room) RENTAL POWERHOUSE on the highly sought after East End. One home off the water on a stretch of beach not overrun with condos. Owners, investors and tourists/guests LOVE this area for that exact reason. Schooners is on Gulf Dr- a 6 min walk, St Andrews State Park is 1 mile away, and the some of the beach's very best restaurants are concentrated in this Lower Lagoon area. Not to mention the sandy white beach directly across from this home. There's a King master ensuite on the first floor along with the kitchen, dining and living area, the laundry room and a half bathroom. Off of this is a door leading to an outdoor oasis. A heated optional pool with a lounge area and high top dining area. Upstairs is an additional Master King ensuite
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 4 Full Baths: 3 Half Baths: 1Room Information
Rooms Total: 7Roofing Information
Metal -
Interior Features
Balcony, DoubleVanity, InteriorSteps, MainLevelPrimary, SeparateShower, WalkInClosetsRoof: MetalAppliances: ElectricCooktop, ElectricOven, IceMaker -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir, CeilingFans
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Building Information
Year Built: 2019Building Area Total: 2414Stories: 2Patio And Porch Features: Balcony, Deck, Covered, PorchPool Features: ElectricHeat, InGround, PrivatePrivate Pool: YesView: Gulf -
Exterior Features
Exterior Features: CoveredPatio, Deck
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Lot Information
Lot Dimensions: 50.0 ft x 115.0 ft Main Square Feet: 0.13 Lot Size Acres: 0.13 Lot Size Square Feet: 5,663 Lot Description: PavedProperty Information
Subdivision: Gulf Lagoon Beach Source Property Type: Residential MLS Area Minor: 0323 - Beach - South of Grand Lagoon Zoning Description: Resid Single Family Property SubType: Single Family Residence Levels: Two Property Age: 7
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Listing Price Information
Listing Price: $1499000
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Tax Information
Parcel Number: 32296-000-000 Tax Year: 2025 Annual Tax: $10627 Tax Legal Desc: GULF LAGOON BEACH LOT 11 BLK 7 ORB 4278 P 284
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School Information
Elementary School: Patronis Junior High School: Surfside Senior High School: Arnold -
Utility Information
ElectricityAvailable, NaturalGasAvailable -
Location Information
Direction: Traveling southeast on Thomas Dr take a right on Biltmore, left on Gulf Drive, home is second on left. Security Features: SmokeDetectors
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3513 Cottage Cove Lane, Panama City, FL, 32408 | $579,000 | 4 | 3 | -- | |
| 3515 Cottage Cove Lane, Panama City, FL, 32408 | $568,999 | 4 | 4 | -- | |
| 3730 Preserve Bay Boule.., Panama City, FL, 32408 | $8,475,000 | 5 | 10 | -- | |
| 124 Legend Lakes Drive, Panama City, FL, 32408 | $895,000 | 4 | 3 | -- | |
| 100 Legend Lakes Drive, Panama City, FL, 32408 | $799,900 | 3 | 2 | -- | |
| 117 Legend Lakes Drive, Panama City, FL, 32408 | $799,000 | 3 | 3 | -- | |
| 4100 Marriott Drive #208, Panama City, FL, 32408 | $429,900 | 2 | 2 | -- | |
| 4133 Catherine Street, Panama City, FL, 32408 | $1,017,000 | 3 | 3 | -- | |
| 4133 Catherine Street, Panama City, FL, 32408 | $214,000 | -- | -- | -- | |
| 4601 Magnolia Beach Road, Panama City, FL, 32408 | $525,000 | 3 | 2 | -- |
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ByOwner last updated this listing 08/18/2026 @ 00:07
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