When was property at 5403 Gulf Drive built and last sold?

The property at 5403 Gulf Drive was built in 1970 and last sold on Dec 28, 2018 for $850,000.

How much is this home worth?

The estimated value of the home located at 5403 Gulf Drive is $1,838,200.

What are some comparable homes to 5403 Gulf Drive?

There are currently no comparable homes to 5403 Gulf Drive.

Lower Grand Lagoon

32408

Gulf Lagoon Beach

5403 Gulf Drive

Map

$1,820,000

● Land - In Contract

5403 Gulf Drive

Panama City Beach, FL 32408

Studio

0 Bath

$9,828

Est. Monthly

About This Property

A rare chance to own prime Gulf-front property in one of the most desirable stretches of Panama City Beach. This cleared 0.29-acre parcel sits directly beside from public beach access #7, offering unmatched visibility, walkability, and development potential. Zoned mixed-use, the property allows for a wide range of possibilities. With no HOA restrictions, and paved road access, it's a straightforward site to bring your vision to life. Whether you're a developer, investor, or visionary builder and want to bring your dream home to life, 5403 Gulf Drive is your chance to create something extraordinary on Florida's Emerald Coast.

Unit Size

Days on Market

Land Size

0.29 acres

Price per sqft

Property Type

Land

Property Taxes

$891

HOA Dues

Year Built

1970

Listed By

The Steely Group

[email protected]

Bastion Realty LLC

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Last updated: 3 months ago (ECAR #988712)

Price History

Date / Event	Date	Event
Oct 7, 2026	Sold	Premium
Sold
Aug 20, 2026	In contract	-
In contract
Aug 7, 2026	In contract	-
In contract
Jul 14, 2026	Price Decreased	$1,820,000 ↓ $10K (0.6%)
Price Decreased
Jun 11, 2026	Price Decreased	$1,830,000 ↓ $20K (1.1%)
Price Decreased
Oct 31, 2025	Listed by Think Real Estate	$1,850,000
Listed by Think Real Estate
Sep 10, 2025	Listed by Think Real Estate	$1,820,000
Listed by Think Real Estate

	CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS A rare chance to own prime Gulf-front property in one of the most desirable stretches of Panama City Beach. This cleared 0.29-acre parcel sits directly beside from public beach access #7, offering unmatched visibility, walkability, and development potential. Zoned mixed-use, the property allows for a wide range of possibilities. With no HOA restrictions, public utilities near by, and paved road access, it's a straightforward site to bring your vision to life. Whether you're a developer, investor, or visionary builder and want to bring your dream home to life, 5403 Gulf Drive is your chance to create something extraordinary on Florida's Emerald Coast.
Dec 31, 2018	Sold	Premium
Sold

Property Highlights

Exterior Details

Waterfront Features: Gulf/Pass

Lot Size Area: 0.29

Lot Size Units: Acres

Lot Size Acres: 0.29

Lot Size Square Feet: 12632.4

Lot Size Dimensions: 50x250

Water Source: Public

Financial Details

Tax Annual Amount: $10,695

Building Info

Overview

General

Year Built: 1970

Building Count: 1
Bedroom Count: 4
Bathroom Count: 3
Full Bathrooms: 3
Partial Bathrooms: 3
Building Condition: 0
Building Quality: 7
Construction Type: 0
Building Style: 0
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 6
Roof Cover Type: 13
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Parking Type: 1
Garage Type: 0
Parking Space Count: 0
Patio Type: 79
Porch Type: 126
Pool Type: 0

Dimensions

Lot Size Square Feet: 12,458

Lot Size Depth Feet: 2,500
Lot Size Frontage Feet: 500
Total Building Area: 3,991
Building Area: 3,991
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 3,326
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: V
Subdivision: GULF LAGOON BEACH
Land Acres: 0000000286
Standard Land Use Code: 8001
County Land Use Code: 000070
State Land Use Code: 70
Legal Description 1: GULF LAGOON BEACH LOT 1 BLK 6 ORB 4073 P 2133

Neighborhood

School District Name: Bay County School District

Census Tract: 002607

Zoning

Zoning: BC23

Geography

Parcel: 32282-000-000

Block: 6
Lot: 1
Meridian: SEC 16 TWN 04S RNG 15W
Municipality: FIRE BEACH MOSQUITO
Latitude: 30.1428
Longitude: -85.7568

Address

Full Address: 5403 Gulf Dr

Address - House Number: 5403
Address - Street Name: Gulf
Address - Suffix Type: Dr
State: FL
City Name: Panama City
Carrier Code: C009
4-Digit Zip Code: 6702
Zip Code: 32408

Valuation

Tax

Total Area: 3,526

Tax Year: 2023
Tax Amount: $997,817
Tax Rate Code Area: 056

Open Liens

Total Open Liens:

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Total Open Liens Amount:

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First Open Lien Mortgage Lender:

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First Open Lien Mortgage Recording Date:

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First Open Lien Mortgage Loan Amount:

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First Open Lien Mortgage Loan Due Date:

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Market Valuation

Market Total Value: $1,069,226

Market Land Value: $1,068,375
Market Improvement Value: $851

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $586,301

Sales

Current Sale Contract Date: Dec 28, 2018

Current Sale Recording Date: Dec 31, 2018
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2018079975

Last Sale Mortgage

First Mortgage Lender:

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First Mortgage Transaction Date:

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First Mortgage Loan Amount:

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First Mortgage Terms:

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Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Gulf Lagoon Beach

Stats & Trends

Median Asking:

$1,040,200

Sale Price/ft²

$389

Below Asking

0.05%

Average Days on Market

Average Home Size

2526 ft²

Average Home Age

14.6 years

Currently For Sale

10 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Listed by: The Sanchez Group, Think Real Estate
Last Updated: 3 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 988712

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