5409 Gulf Drive, Panama City, FL 32408

Local realty services provided by:ERA Neubauer Real Estate, Inc.
5409 Gulf Drive,Panama City, FL 32408
$4,490,000
  • 8 Beds
  • 7 Baths
  • 4,537 sq. ft.
  • Single family
  • Active
Listed by: fred w thomas
Office: beach time realty, inc
MLS#:784135
Source:FL_BCMLS

Price summary

  • Price:$4,490,000
  • Price per sq. ft.:$989.64

About this home

''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 2026! 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!

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Home facts

  • Year built:2015
  • Listing ID #:784135
  • Added:19 day(s) ago
  • Updated:February 10, 2026 at 03:24 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:7
  • Full bathrooms:7
  • Living area:4,537 sq. ft.

Heating and cooling

  • Cooling:CentralAir
  • Heating:Central

Structure and exterior

  • Roof:Metal
  • Year built:2015
  • Building area:4,537 sq. ft.
  • Lot area:0.29 Acres

Schools

  • High school:Arnold
  • Middle school:Surfside
  • Elementary school:Patronis

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,490,000
  • Price per sq. ft.:$989.64
  • Tax amount:$23,043 (2025)
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