5940 Gulf Drive, Panama City Beach, FL 32408
Local realty services provided by:CENTURY 21 Ryan Realty
Listed by: ashley cutchins, bryce a miller
Office: miller & associates realty
MLS#:783122
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.
Contact an agent
Home facts
- Year built:2025
- Listing ID #:783122
- Added:58 day(s) ago
- Updated:March 02, 2026 at 08:19 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:7
- Full bathrooms:6
- Half bathrooms:1
- Rooms Total:15
- Dining Description:SmartThermostat
- Bathrooms Description:SmartThermostat
- Kitchen Description:Bar Fridge, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Tankless Water Heater
- Bedroom Description:SmartThermostat
- Living area:4,090 sq. ft.
Heating and cooling
- Cooling:CeilingFans, CentralAir
- Heating:Electric
Structure and exterior
- Roof:Metal
- Year built:2025
- Building area:4,090 sq. ft.
- Lot area:0.12 Acres
- Architectural Style:Coastal
- Construction Materials:Concrete, Wood Frame
- Exterior Features:Balcony, Deck, Outdoor Shower, Patio
- Foundation Description:Slab
- Levels:3 Story
Schools
- High school:Arnold
- Middle school:Surfside
- Elementary school:Patronis
Utilities
- Sewer:Sewer Available
Finances and disclosures
- Price:$3,100,000
- Price per sq. ft.:$757.95
- Tax amount:$5,161 (2024)
Features and amenities
- Amenities:BarFridge, CarbonMonoxideDetectors, FireAlarm, FireSprinklerSystem, GasCooktop, GasOven, GasRange, GasWaterHeater, IceMaker, SmartThermostat, SmokeDetectors, TanklessWaterHeater
- Pool features:Gas Heat, InGround, Private, Salt Water
New listings near 5940 Gulf Drive
$484,000Active2 beds 2 baths1,050 sq. ft.7205 Thomas Drive #E902, Panama City Beach, FL 32408
MLS# 785277Listed by: BRIGHT REALTY SOLUTIONS- New
$240,000Active1 beds 1 baths605 sq. ft.17614 Front Beach Road #6C, Panama City Beach, FL 32413
MLS# 786085Listed by: DALTON WADE INC - New
$329,000Active1 beds 1 baths618 sq. ft.9850 S Thomas Drive #601E, Panama City, FL 32408
MLS# 786081Listed by: LPT REALTY LLC - Open Sun, 1 to 4pm
$290,000Active4 beds 3 baths1,695 sq. ft.7672 Solana Lane #50, Panama City Beach, FL 32408
MLS# 781705Listed by: TH COASTAL REALTY
$899,000Active4 beds 5 baths2,345 sq. ft.5233 Thomas Drive, Panama City Beach, FL 32408
MLS# 783168Listed by: TH COASTAL REALTY
$299,900Pending4 beds 3 baths1,695 sq. ft.7655 Lumen Lane #7, Panama City Beach, FL 32408
MLS# 783938Listed by: TH COASTAL REALTY
$324,900Active4 beds 3 baths1,695 sq. ft.7645 Lumen Lane #12, Panama City Beach, FL 32408
MLS# 784476Listed by: TH COASTAL REALTY
$314,900Active3 beds 3 baths1,695 sq. ft.7649 Lumen Lane #10, Panama City Beach, FL 32408
MLS# 784477Listed by: TH COASTAL REALTY- New
$365,000Active3 beds 3 baths1,761 sq. ft.8700 Front Beach Road #4317, Panama City Beach, FL 32407
MLS# 786080Listed by: EARTH AND STONE REALTY LLC - New
$789,887Active4 beds 3 baths2,600 sq. ft.623 Fernwood Street #C, Panama City Beach, FL 32407
MLS# 786073Listed by: LISTWITHFREEDOM.COM INC.