#768561, Listing office: Corcoran Reverie
$4,500,000 List price
5409 Gulf Dr Panama City, FL 32408
9 beds
7 full
4,537 sqft
0.3 acres
$992 / sqft
House
Property details
About 5409 Gulf Dr
''INVESTMENT PROPERTY'' This beautiful Private Beach home is a money maker! It has produced over $400k in rentals a year over the last four years. It is already booked at 70% for 2025! The location is great in the heart of all the attractions in Panama City Beach! The home has a 14x24 heated pool, hot tub , and over 2000sq ft of back deck to enjoy. You can walk off the back deck right into the beautiful white sand, and into the gulf! Home also boasts plenty of parking for boats, motorcycles, or RV's. With 9 bed rooms and 7 bathrooms there is room for the entire family! King size beds are in seven of the nine bedrooms, and almost every room has a beautiful view of the gulf. Home has a Large open area for entertaining and Gourmet Kitchen. There is also a separate Media/Game room for the kids upstairs with game table and large flat screen TV. ''Making Waves'' is a premiere gulf front home with a proven rental record! You must come see it for yourself!
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size4,537 sqft
Lot size0.29 Acres
Year built2015
ParkingDriveway
MLS #768512
WaterfrontGulf, Sandy Shoreline, Waterfront
ViewGulf
Summary
- Full Bathrooms: 7
- Appliances: Convection Oven, Washer/Dryer Stacked, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- Total Bedroom Count: 9
- Parking: Driveway
- Waterfront: Gulf, Sandy Shoreline, Waterfront
- View: Gulf
- Exterior: Balcony, Covered Patio, Outdoor Shower, Patio
- Architectural Style: Coastal
- Heating: Central
- Cooling: Central Air
- List Price: $4,500,000
- Price/SqFt: $991
- Lot: Waterfront
- Directions: Follow Thomas drive towards the west from Hwy 98. Turn left on Hurt st. Turn right on Gulf drive. Home is on the gulf side of the street. There is not a for sale sign in the yard but there is a vacation rental sign in the yard with the house name, ''Making Waves''
- Year Built: 2015
- Living Area: 4,537 SqFt
- Lot Size: 0.29 Acres
- MLS Number: 768512
- MLS Name: BCAR
- Office Name: Beach Time Realty, Inc
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: 7/23/2025, 7:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
7
Patronis Elementary School
Public District KG-5
1.9 mi
•7400 Patronis Dr
5
Lucille Moore Elementary School
Public District PK-5
4.1 mi
•1900 Michigan Ave
1
St. Andrew School at Oakland Terrace
Public District PK-5
4.4 mi
•2010 W 12th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,776. Most Panama City, FL residents have annual incomes between $35k-100k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
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 Skating
Pro Wrestling
College Football
Where do the neighbors shop?
Kmart
Family Dollar
Express/Express For Men
Where do the neighbors go to eat?
Bob Evans
Dominos Pizza
Sonic
What do the neighbors drive?
Buick
Ford
Kia
What do the neighbors listen to?
Oldies
New Country
News/Talk/Information
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5409 Gulf Dr
The listing price of 5409 Gulf Dr property is $4,500,000.
The property 5409 Gulf Dr is a house located in Panama City, Florida, 32408.
Active Listing: 5409 Gulf Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5409 Gulf Dr 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 5409 Gulf Dr has 9 bedrooms and 7 bathrooms.
The property 5409 Gulf Dr is 4,537 SqFt (source: MLS/tax record).
The year of construction for 5409 Gulf Dr is 2015.
This home is located at 5409 Gulf Dr in Panama City, FL and zip code 32408 in the Gulf Lagoon Beach neighborhood. This 4,537 square foot home, which was built in 2015, sits on a 0.29 acre lot. Features: 9 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since February 8, 2025 and is currently priced at $4,500,000.
Over 26 listings were sold over their listed price in June 2025 in Panama City, FL. In the same period over 144 listings were sold below the listed price and 47 listings were sold for the listed price. In June 2025 in Panama City, FL there were 2.4% less homes for sale than in May. The median list price of listings available in June 2025 was $330,871, while the average time on the real estate market was 78 days.
From Rocket Homes Real Estate and based on county public records data.