5948 Gulf Drive, Panama City Beach, FL 32408 (MLS# 995836)

5948 Gulf Drive, Panama City Beach, FL 32408

$2,850,000

Property Type: Residential Bedrooms: 6 Baths: 7 Square Footage: 4,570 Lot Size (sq. ft.): 5,227 Status: Sold

Current Price: $2,850,000 List Date: 2/20/2026 Last Modified: 3/02/2026

Overview

Description

Under contract with 72 hour kick out clause in place. Positioned just steps from sugar-white sands and turquoise waters, 5948 Gulf Drive presents an elevated coastal residence within the refined setting of Hadley's Beach. With six bedrooms, six and a half bathrooms, and captivating Gulf views, this home offers a seamless blend of architectural detail, thoughtful design, and effortless seaside living.

Supplements: Interiors are curated with designer finishes and anchored by a chef's kitchen appointed with premium appliances, creating a sophisticated yet inviting environment for gathering and entertaining. Open living spaces are filled with natural light, framing coastal vistas and reinforcing the home's connection to its surroundings. Private retreats are t ... (Read more)

Listing Details MLS# 995836

Status Change Info

Under Contract Date: 2026-02-20
Sold Date: 2026-03-02
Sold Price/SqFt: 623.63

Contract Info

List Price/SqFt: 634.57
Listing Board: Emerald Coast

Location Tax and Legal

Area: 27 - Bay County
Street #: 5948
Street Name: Gulf
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Project Name/Subdivision: Hadley's Beach
Parcel ID: 30932100200

General Property Info

Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 4570
SqFt Source: Building Plan
Full Baths: 6
Half Baths: Yes
Total Bathrooms: 7
# Stories: 3
Year Built: 2025
Immediate Occupancy: No
Garage: No
Carport: No
Driveway Spaces: 2
Acreage: 0.12
Pool: Yes
Pool Type: Private

Location, Tax and Legal

Sub Area: 2723 - Beach - South of Grand Lagoon
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Legal Description: Hadley's Beach Lot 20 Orb 4627 P 2364

Listing Info, Tax & Legal

Homestead: No
Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 500
Annual Assessment Amount: 500
Assessment Paid: Annually
New Buyer Fee: No
Last Taxes: 6162.77
Last Tax Year: 2025
Brokerage Interest: Ownership Interest - Listing Broker/Salesperson has ownership interest in the property.
As Is: Yes

More Information

Remarks & Misc

Remarks: Under contract with 72 hour kick out clause in place. Positioned just steps from sugar-white sands and turquoise waters, 5948 Gulf Drive presents an elevated coastal residence within the refined setting of Hadley's Beach. With six bedrooms, six and a half bathrooms, and captivating Gulf views, this home offers a seamless blend of architectural detail, thoughtful design, and effortless seaside living.

Construction Status

Construction Complete: Yes

Waterview

Gulf: Yes

Lot/Parcel Access

Paved Road: Yes

Lot Features

Cleared: Yes
Covenants: Yes
Restrictions: Yes
Within 1/2 Mile to Water: Yes

Project Facilities

Short Term Rental - Allowed: Yes

Construction/Siding

Roof Metal: Yes
Siding CmntFbrHrdBrd: Yes

Utilities

Electric: Yes
Public Sewer: Yes
Public Water: Yes
Underground: Yes

Zoning

Resid Single Family: Yes

Exterior

Balcony: Yes
Fenced Back Yard: Yes
Pool - In-Ground: Yes

Interior

Furnished - All: Yes

Financing

Conventional: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Range Hood: Yes
Refrigerator W/IceMk: Yes
Smoke Detector: Yes
Washer: Yes

Energy

AC - 2 or More: Yes
AC - Central Elect: Yes
Water Heater - Tnkls: Yes

Bedroom

First: Yes
Second: Yes

Kitchen

Second: Yes

Living Room

Second: Yes

Rooms

Bedroom: Yes
Kitchen: Yes
Living Room: Yes
Recreation Room: Yes

Fees Include

Accounting: Yes
Ground Keeping: Yes
Legal: Yes

Property Features

Construction Status: Construction Complete Lot Features: Cleared; Covenants; Restrictions; Within 1/2 Mile to Water Zoning: Resid Single Family Waterview: Gulf Project Facilities: Short Term Rental - Allowed Exterior: Balcony; Fenced Back Yard; Pool - In-Ground Interior: Furnished - All Appliances: Dishwasher; Dryer; Range Hood; Refrigerator W/IceMk; Smoke Detector; Washer Utilities: Electric; Public Sewer; Public Water; Underground Energy: AC - 2 or More; AC - Central Elect; Water Heater - Tnkls Bedroom: First; Second Kitchen: Second Living Room: Second Rooms: Bedroom; Kitchen; Living Room; Recreation Room Financing: Conventional Fees Include: Accounting; Ground Keeping; Legal

Room Information

Room Name	Level	Dimensions	Length	Width
Bedroom	First	13.6 x 11.4	13.60	11.40
Bedroom	First	13.6 x 12.8	13.60	12.80
Bedroom	First	13.3 x 11.8	13.30	11.80
Bedroom	Second	13.4 x 12	13.40	12.00
Recreation Room	First	12.9 x 13	12.90	13.00
Recreation Room	Second	17.4 x 12	17.40	12.00
Kitchen	Second	12 x 12	12.00	12.00
Living Room	Second	17.4 x 15.6	17.40	15.60

Listing Office: Corcoran Reverie SRB

Last Updated: March - 02 - 2026

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.