5940 Gulf Drive, Panama City, FL 32408
Local realty services provided by:Better Homes and Gardens Real Estate Historic
5940 Gulf Drive,Panama City, FL 32408
$3,100,000
- 5 Beds
- 7 Baths
- 4,090 sq. ft.
- Single family
- Active
Listed by:ashley cutchins
Office:miller & associates realty
MLS#:775943
Source:FL_BCMLS
Price summary
- Price:$3,100,000
- Price per sq. ft.:$757.95
About this home
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.
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Home facts
- Year built:2025
- Listing ID #:775943
- Added:79 day(s) ago
- Updated:September 25, 2025 at 05:50 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:7
- Full bathrooms:6
- Half bathrooms:1
- Living area:4,090 sq. ft.
Heating and cooling
- Cooling:CeilingFans, CentralAir
- Heating:Electric
Structure and exterior
- Year built:2025
- Building area:4,090 sq. ft.
- Lot area:0.12 Acres
Schools
- High school:Arnold
- Middle school:Surfside
- Elementary school:Patronis
Finances and disclosures
- Price:$3,100,000
- Price per sq. ft.:$757.95
- Tax amount:$5,161 (2024)
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