4 days on Rocket
#776084, Listing office: Coastal Real Estate Group, Inc
$2,850,000 List price
5948 Gulf Dr Panama City Beach, FL 32408
6 beds
6 full, 1 partial
4,570 sqft
0.1 acres
$624 / sqft
House
Property details
About 5948 Gulf Dr
Compelling new construction opportunity in the brand new Gulf front community of Hadleys Beach. Emerging from the sugar white sands and idyllic turquoise hued waters of Panama City Beach resides the exclusive newly released Gulf front community of Hadleys Beach. Reigning on over four acres, the low density community encompasses a total of sixteen Gulf front homesites and ten first tier homesites. Architectural harmony is established and promoted through the carefully curated covenants and restrictions coupled with the inception of the community architectural review board.
Highlights
Home typeSingle Family Residence
StatusActive
CoolingCentral Air
Size4,570 sqft
Lot size0.12 Acres
Year built2025
MLS #971951
ViewGulf
Private poolYes
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 6
- Appliances: Dishwasher, Dryer, Range Hood, Refrigerator, Ice Maker, Washer
- Total Bedroom Count: 6
- Private Pool: Yes
- View: Gulf
- Architectural Style: Beach House
- Cooling: Central Air
- List Price: $2,850,000
- Price/SqFt: $623
- HOA Amount: $500 Annually
- Annual Tax Amount: $4,776
- Tax Year: 2023
- Lot: Within 1/2 Mile to Water
- Directions: Heading East on Thomas Drive, turn right onto Nova Street and then take the first right onto Gulf Drive which will take you to the community entrance. The community is between the Watercrest Condominium and Regency Towers Condominium. GPS Directions: Enter Nova Street Panama City, FL 32408 into GPS and you will be routed to the community entrance.
- Year Built: 2025
- Stories: 3
- Living Area: 4,570 SqFt
- Lot Size: 0.12 Acres
- MLS Number: 971951
- MLS Name: Emerald Coast Association of REALTORS®
- Office Name: Corcoran Reverie SRB
- Office Email: hilary.ff@corcorangroup.com
- Listing Agent: Hilary K Farnum-Fasth
Information Deemed Reliable but not guaranteed. The information being provided is 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2025. 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: 7/22/2025, 8:40:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 04, 2022 | Home Sold | $1,850,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $382,000 | $4,776 |
History based on county public records data.
Nearby schools
7
Patronis Elementary School
Public District KG-5
1.5 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
4.6 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 $42,841. The majority of Panama City Beach, FL residents have income between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
40%
<35k
52%
35k-100k
5%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
57%
Single, No Kids
7%
Single, with Kids
22%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
6%
12-17 yrs old
27%
18-34 yrs old
47%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Soccer
Pro Boxing
Hiking/backpacking
Where do the neighbors shop?
Forever 21
Burlington
Nordstrom Rack
Where do the neighbors go to eat?
Dominos Pizza
Popeyes
Chipotle
What do the neighbors drive?
Mazda
Dodge
Oldsmobile
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5948 Gulf Dr
The listing price of 5948 Gulf Dr property is $2,850,000.
The property 5948 Gulf Dr is a house located in Panama City Beach, Florida, 32408.
Active Listing: 5948 Gulf Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5948 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), J.R. Arnold High School (GreatSchools Rating 5/10), Central High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $4,776 (source: MLS/based on county public records data).
The last sale was on November 4, 2022 for $1,850,000 (source: MLS/tax record).
The property at 5948 Gulf Dr has 6 bedrooms and 6 full and 1 half bathrooms.
The property 5948 Gulf Dr is 4,570 SqFt (source: MLS/tax record).
The year of construction for 5948 Gulf Dr is 2025.
This home is located at 5948 Gulf Dr in Panama City Beach, FL and zip code 32408. This 4,570 square foot home, which was built in 2025, sits on a 0.12 acre lot. Features: 6 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since March 24, 2025 and is currently priced at $2,850,000.
Panama City Beach, FL housing market in June 2025 saw over 26 listings sold above listed price, more than 47 sold at listed price and over 144 sold below. Between May and June 2025, Panama City Beach, FL real estate market has seen decrease in the number of listings by 2.4%. In June 2025 median list price was $330,871 and the average listing age was 78 days.
From Rocket Homes Real Estate and based on county public records data.