5516 Gulf Drive, Panama City, FL 32408

Panama City
Local realty services provided by:Better Homes and Gardens Real Estate Historic
5516 Gulf Drive,Panama City, FL 32408
$1,499,000
  • 4 Beds
  • 4 Baths
  • 2,414 sq. ft.
  • Single family
  • Active
Listed by: tracy rudder, carl e allen
Office: counts real estate group inc
MLS#:794031
Source:FL_BCMLS

Price summary

  • Price:$1,499,000
  • Price per sq. ft.:$620.96

About this home

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 with a large balcony with views of the Gulf, 2 more bedrooms, bathroom and a bunkroom rounds out the upstairs area. This home has a strong rental history and great reviews. It's being sold...

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Home facts

  • Year built:2019
  • Subdivision & Development:Gulf Lagoon Beach
  • Listing ID #:794031
  • Added:1 day(s) ago
  • Updated:August 14, 2026 at 10:32 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:3
  • Half bathrooms:1
  • Rooms Total:7
  • Kitchen Description:Electric Cook Top, Electric Oven, Ice Maker
  • Living area:2,414 sq. ft.

Heating and cooling

  • Cooling:CeilingFans, CentralAir
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Metal
  • Year built:2019
  • Building area:2,414 sq. ft.
  • Lot area:0.13 Acres
  • Architectural Style:Coastal
  • Exterior Features:Balcony, Deck, Porch
  • Levels:2 Story

Schools

  • High school:Arnold
  • Middle school:Surfside
  • Elementary school:Patronis

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,499,000
  • Price per sq. ft.:$620.96
  • Tax amount:$10,627 (2025)

Features and amenities

  • Amenities:ElectricCooktop, ElectricOven, IceMaker, SmokeDetectors
  • Pool features:InGround, Private
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