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5518 Gulf Drive
Panama City, FL 32408

$1,599,000 - Status: Active
Bed Icon Beds: 4
Bath Icon Baths: 3 full 1 partial
Sq Feet Icon SQFT (H&C): 2,414
MLS Icon MLS# 787812

Gulf views, directly across from the beach AND beach access--5518 Gulf Drive offers the ideal blend of location, space, and flexibility, making it ideal as second home rental investment, with the benefit of no HOA. Situated on a large corner lot on the east end of Panama City Beach, this home is designed with both comfort and functionality in mind. Newer construction and featuring a spacious living and kitchen area that opens to a private pool and a large patio with both covered and uncovered spaces--perfectly blending indoor and outdoor living for easy gathering and entertaining. The thoughtful layout includes two primary suites, along with two additional bedrooms with en suite baths, and 2 sets of full bunks - enhancing it's versatility to host large groups without sacrificing privacy. The private pool makes this a true vacation-style setting, while the front porch and expansive second-floor deck offer additional outdoor living spaces to enjoy Gulf views and coastal breezes. The corner lot provides ample parking--a rare and valuable feature this close to the beach. With short-term rentals allowed, a highly functional floor plan, and a location just moments from the sand, this property presents an exceptional opportunity to own your piece of paradise at the beach!

Property Features

MLS#: 787812
Zip: 32408
Subdivision: Gulf Lagoon Beach
Development: 0323 - Beach - South Of Grand Lagoon
Property Type: Residential - Single Family
Cooling: Ceiling Fan(s)
Days on Site: 7
Fenced: Yes
Heating: Electric
Home Style: Coastal
Lot Size: 0.13 acres
Roof Type: Metal
Stories: 2.0
Taxes: $12,942
Year Built: 2019
SQFT (H&C): 2,414

Feature Descriptions

Appliances: Electric Oven, Electric Range, Tankless Water Heater
Community Features: Short Term Rental Allowed
Exterior: HardiPlank Type
Exterior Features: Covered Patio, Deck, Patio, Outdoor Shower
Fencing: Partial
Flooring: Luxury Vinyl Plank
Lot Description: Paved
Lot Dimensions: 50x118
Parcel#: 32296-010-000
Parking: Additional Parking
Parking Notes: Additional Parking
Patio/Porch: Balcony, Deck, Covered, Patio
Pool: Fenced, In Ground, Private
Special View Info: Gulf
Swimming Pool: Yes
Utilities: Electricity Available, High Speed Internet Available, Sewer Available

Room Sizes

Bedroom: 12 X 10 Level - Second
Bedroom: 12 X 11 Level - Second
Bedroom: 12 X 11 Level - Second
Primary Bedroom: 17 X 14 Level - Second
Primary Bedroom: 17 X 14 Level - First
Kitchen: 12 X 12 Level - First
Living Room: 20 X 18 Level - First

Local Schools

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

5518 Gulf Drive | MLS# 787812

This single family home located at 5518 Gulf Drive , Panama City, FL 32408 is currently listed for sale with an asking price of $1,599,000. This property was built in 2019 and has 4 bedrooms and 3 full and 1 partial baths with 2414 sq. ft. Gulf Drive is located in the Gulf Lagoon Beach subdivision. Search Gulf Lagoon Beach real estate on nbeninate.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: The Premier Property Group

Shown By

Agent Name: Nick Beninate
Agent Phone: (850) 819-7484
Agency Title: Beachy Beach Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/09/2026. The listing information on this page last changed on 04/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/09/2026 8:31:40 AM EST) or Emerald Coast MLS (last updated Thu 04/09/2026 8:25:25 AM EST) or Central Panhandle Association of Realtors (last updated Thu 04/09/2026 1:17:22 AM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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