5518 Gulf Drive, Panama City Beach

$1,399,000

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4 Beds
4 Baths
2,414 Sqft
0 Acre
0 Garage

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!

Essential Information

Status
Active
MLS® #
999040
Price
$1,399,000
Days On Website
162
Bedrooms
4
Bathrooms
4.00
Full Baths
3
Half Baths
1
Square Footage
2,414
Year Built
2019
Type
Residential
Sub-Type
Detached Single Family
Style
Beach House

Community Information

Address
5518 Gulf Drive
Area
27 - Bay County
Subdivision
GULF LAGOON BEACH
City
Panama City Beach
County
Bay
State
FL
Zip Code
32408

SubArea

2723 - Beach - South of Grand Lagoon

Amenities

View
Gulf
Has Pool
Yes
Pool
In Ground

Utilities

Electric, Public Sewer, Public Water

Interior

Heating
Central
Cooling
Central Air, Ceiling Fan(s)
# of Stories
2

Interior Features

Kitchen Island, Owner's Closet, Pantry

Appliances

Dishwasher, Disposal, Dryer, Microwave, Washer

Exterior

Windows
Window Treatments
Roof
Metal
Construction
Siding CmntFbrHrdBrd

Exterior Features

Outdoor Grill, Balcony, Outdoor Shower, Sprinkler System

Lot Description

Corner Lot, Level, Within 1/2 Mile to Water

School Information

Elementary
Patronis
Middle
Surfside
High
Arnold

Additional Information

Days on Website
162
Zoning
Resid Single Family

Office

The Premier Property Group Seacrest Office

Property History
Price Reduced from $1,599,000 to $1,399,000
Price Increased from $1,499,000 to $1,599,000

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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on September 5th, 2026 at 5:52am CDT.