$429,000

5115 Gulf Dr Unit 507 Panama City, FL 32408

$5,094
Closing credit¹
1 bed
2 full
883 sqft
$486 / sqft
Condo

Property details

About 5115 Gulf Dr Unit 507

Here's your front-row seat to 200 feet of pristine white sand and the Gulf of Mexico at Seychelles, tucked away on Panama City Beach's quieter east end. The desirable 5th-floor location is favored by vacationers for its perfect balance--low enough for quick access to the beach and amenities without waiting for the elevator, yet high enough to offer privacy and stunning views. This 1BR/2BA condo with a master suite and bunks comfortably sleeps six. The space is bright and airy, featuring 9' ceilings, 8' glass doors leading to the balcony, and tile flooring throughout for effortless maintenance. Enjoy sweeping views of Panama City Beach's iconic sugar-white sands and emerald waters from the spacious balcony or living area. The kitchen boasts stainless steel appliances, solid surface counters, and solid wood cabinets, while both bathrooms showcase elegant marble vanities. Seychelles' resort amenities are exceptional: two Gulf-front pools (one heated seasonally), a hot tub, dune walkover, fully-equipped fitness center, community room, high-speed elevators, and secure, gated parking in a covered garage--all surrounded by lush tropical landscaping. Located just steps from Schooners and minutes from St. Andrews State Park, golf, marinas, shopping, dining, and entertainment, this condo is perfectly positioned for both relaxation and adventure. The inclusive HOA covers utilities - electricity, WiFi, cable, water, and sewage - making ownership worry-free. Whether as a vacation home or a short-term rental, this condo is the perfect gateway to the best of Panama City Beach. Don't miss your chance to own this beachfront paradise!

Highlights

Home typeCondominium
HeatingElectric
StatusActive
CoolingCentral Air, Ceiling Fan(s), Electric
Size883 sqft
Year built2006
MLS #764763
WaterfrontGulf, Waterfront

Summary

  • Full Bathrooms: 2
  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal, Microwave
  • Interior: Breakfast Bar, Recessed Lighting
  • Total Bedroom Count: 1
  • Waterfront: Gulf, Waterfront
  • Exterior: Balcony
  • Architectural Style: High Rise
  • Heating: Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • List Price: $429,000
  • Price/SqFt: $485
  • HOA Amount: $858
  • HOA Frequency: Quarterly
  • Lot: Waterfront
  • Directions: Take Thomas Drive heading east to Hull, take a right on Hull, Seychelles in on the right next to Schooners Restaurant.
  • Year Built: 2006
  • Living Area: 883 SqFt
  • MLS Number: 764763
  • MLS Name: BCAR
  • Office Name: Berkshire Hathaway HomeServices Beach Properties of Florida

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively 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 deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/8/2025, 5:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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balcony with a water view and a view of the beach

$429,000

5115 Gulf Dr Unit 507

$5,094

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

7

Patronis Elementary School

Public District KG-5

2.1 mi

7400 Patronis Dr

5

Lucille Moore Elementary School

Public District PK-5

4.0 mi

1900 Michigan Ave

1

St. Andrew School at Oakland Terrace

Public District PK-5

4.3 mi

2010 W 12th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $41,776. The most common annual income of people living in Panama City, FL is between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

37%
<35k
49%
35k-100k
8%
100k-200k
6%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

57%
Single, No Kids
6%
Single, with Kids
28%
Married, No Kids
9%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
4%
12-17 yrs old
23%
18-34 yrs old
44%
35-64 yrs old
21%
65+ yrs old

What do the neighbors do for fun?

  • Figure SkatingFigure Skating
  • Pro WrestlingPro Wrestling
  • College FootballCollege Football

Where do the neighbors shop?

  • KmartKmart
  • Family DollarFamily Dollar
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • Bob EvansBob Evans
  • Dominos PizzaDominos Pizza
  • SonicSonic

What do the neighbors drive?

  • BuickBuick
  • FordFord
  • KiaKia

What do the neighbors listen to?

  • OldiesOldies
  • New CountryNew Country
  • News/Talk/InformationNews/Talk/Information
All data provided by Home Junction and Claritas

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Frequently asked questions

About 5115 Gulf Dr Unit 507

The listing price of 5115 Gulf Dr Unit 507 property is $429,000.

The property 5115 Gulf Dr Unit 507 is a condo located in Panama City, Florida, 32408.

Active Listing: 5115 Gulf Dr Unit 507 is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 5115 Gulf Dr Unit 507 are: Patronis Elementary School (GreatSchools Rating 7/10), Lucille Moore Elementary School (GreatSchools Rating 5/10), St. Andrew School at Oakland Terrace (GreatSchools Rating 1/10), Breakfast Point Academy (GreatSchools Rating 6/10), Jinks Middle School (GreatSchools Rating 2/10), University Academy Sabl Inc (GreatSchools Rating 10/10), Rising Leaders Academy (GreatSchools Rating 5/10), Bay Virtual Franchise (GreatSchools Rating 6/10), Central High School (GreatSchools Rating 2/10).

The property at 5115 Gulf Dr Unit 507 has 1 bedroom and 2 bathrooms.

The property 5115 Gulf Dr Unit 507 is 883 SqFt (source: MLS/tax record).

The year of construction for 5115 Gulf Dr Unit 507 is 2006.

This home is located at 5115 Gulf Dr Unit 507 in Panama City, FL and zip code 32408. This 883 square foot home was built in 2006. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $429,000.

While more than 20 listings in Panama City, FL in April 2025 were sold above asking price, there were more than 60 listings sold at asking price, and more than 127 were sold below. Between March and April 2025, Panama City, FL real estate market has seen increase in the number of listings by 2.2%. The median list price of listings available in April 2025 was $334,464, while the average time on the real estate market was 83 days.

From Rocket Homes Real Estate and based on county public records data.

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