5940 Gulf Drive, Panama City Beach, FL 32408

$2,990,000
  • 5940 Gulf Drive, Panama City Beach, FL 32408 Main Photo

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Active Price Reduced by $110,000 on March 11th, 2026
BEDS5 BATHS6 full 1 partial SQUARE FEET4,090 MLS#783122
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONHadleys Beach

Property Description

Introducing a rare opportunity in Hadley's Beach an exclusive, low-density Gulf-front community in Panama City Beach. One of just ten first-tier homesites, this newly constructed three-story retreat is purpose-built for luxury living and exceptional rental performance, offering stunning design, panoramic views, and turnkey income potential. Step into the first floor where a private guest suite and a relaxed secondary living space set the tone for coastal comfort. Expansive sliders open to a covered outdoor kitchen and lounge, perfect for seamless indoor-outdoor entertaining. Just beyond, a heated saltwater pool with a sun shelf and swim deck invites relaxation in a setting just steps from the beach. Ride the private elevator to the second floor, where 12-foot ceilings and floor-to-ceiling windows frame the breathtaking Gulf. This level features a spacious open-concept living and dining area and a chef's kitchen outfitted with high-end appliances, premium finishes, and an oversized island built for gathering. A guest bedroom and 1. 5 bathrooms offer comfort and flexibility for renters or family. The third floor delivers privacy and sleeping capacity with two Gulf-facing primary suites featuring spa-style baths and balconies, a custom bunk room designed for families and kids, and an additional guest bedroom with full bath. With 5 bedrooms, 6. 5 bathrooms, and multiple living spaces across all three levels, the layout is tailor-made for high-volume short-term rentals. Every detail has been designed for ease and income from the full fire suppression system meeting all STR code requirements to the garage and oversized driveway with parking for 5+ vehicles, including an EV charger. Whether you're seeking a luxury second home, full-time residence, or a rental machine in one of the Gulf Coast's most coveted beach communities, this Hadley's Beach home delivers unmatched value, beauty, and return on investment.

5940 Gulf Drive | MLS# 783122

This single family home located at 5940 Gulf Drive, Panama City Beach, FL 32408 is currently listed for sale with an asking price of $2,990,000. This property was built in 2025 and has 5 bedrooms and 6 full and 1 partial baths with 4090 sq. ft. Gulf Drive is located in the Hadleys Beach subdivision. Search Hadleys Beach real estate on lynnvaughnstoner.premierfl.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air, Ceiling Fan(s)
Garage: 1
Heating: Electric
Home Style: Coastal
Lot Size: 0.12 Acres
Roof Type: Metal
Stories: 3.0
Taxes: $5,161
Year Built: 2025

Amenities

Smart Thermostat
Barbecue
Covered Patio
Outdoor Kitchen
Outdoor Shower

Feature Descriptions

Appliances: Bar Fridge, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Tankless Water Heater
Community Features: Barbecue, Short Term Rental Allowed
Days on Site: 69
Exterior: HardiPlank Type, Concrete, Wood Frame
Fencing: Privacy
Flooring: Luxury Vinyl Plank
Lot Dimensions: 100 X 50
Parcel#: 30932-100-220
Parking: Electric Vehicle Charging Station(s)
Parking Notes: Electric Vehicle Charging Station(s)
Patio/Porch: Deck, Balcony, Covered, Patio
Pool: Gas Heat, In Ground, Salt Water, Private
Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Fire Alarm, Smoke Detector(s)
Special View Info: Gulf
Swimming Pool: Yes
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities

Room Sizes

Other: 24 X 8 Level - Third
Primary Bedroom: 1,310 X 17 Level - Third
Bedroom: 13 X 146 Level - Third
Other: 38 X 8 Level - Second
Other: 142 X 8 Level - Second
Great Room: 246 X 184 Level - Second
Dining Room: 126 X 184 Level - Second
Kitchen: 17 X 136 Level - Second
Bedroom: 12 X 122 Level - Second
Other: 196 X 126 Level - First
Laundry: 72 X 8 Level - First
Garage: 13 X 22 Level - First
Living Room: 236 X 17 Level - First
Bedroom: 16 X 136 Level - First

Local Schools

High School: Arnold
Middle School: Surfside
Elementary School: Patronis

Listed By / Shown By

Listed By

Agency Name: Miller & Associates Realty

Shown By

Agent Name: Lynn Vaughn Stoner
Agent Phone: (706) 260-8967
Agency Title: Premier Property Group

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Estimated Payment

$ 7,956.61 per month $6,654.44 Principal & Interest $430.08 Property Tax $872.08 Homeowner's Insurance

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