Check Availability
$1,499,000
● House - For Sale

5500 Gulf Drive

Panama City, FL 32408
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,414 Ft²
$8,241
Est. Monthly

About This Property

First time to hit the market, 4 bedroom(plus bunk room) RENTAL POWERHOUSE on the highly sought after East End. One home off the water on a stretch of beach not overrun with condos. Owners, investors and tourists/guests LOVE this area for that exact reason. Schooners is on Gulf Dr- a 6 min walk, St Andrews State Park is 1 mile away, and the some of the beach's very best restaurants are concentrated in this Lower Lagoon area. Not to mention the sandy white beach directly across from this home.

There's a King master ensuite on the first floor along with the kitchen, dining and living area, the laundry room and a half bathroom. Off of this is a door leading to an outdoor oasis. A heated optional pool with a lounge area and high top dining area. Upstairs is an additional Master King ensuite with a large balcony with views of the Gulf, 2 more bedrooms, bathroom and a bunkroom rounds out the upstairs area.

This home has a strong rental history and great reviews. It's being sold furnished. Its sister property, identical in layout, 2 doors down is listed for sale as well.
Unit Size
2,414 Ft²
Days on Market
91 days
Land Size
0.13 acres
Price per sqft
$621
Property Type
House
Property Taxes
$880
HOA Dues
-
Year Built
2018

Listed By

Tracy Rudder
Counts Real Estate Group Inc
Carl E Allen
Counts Real Estate Group Inc

Payment Calculator

Cap Rate Calculator

Last updated: 2 months ago ( #794028)

Price History

Date / Event Date Event Price
Aug 13, 2026 Listed by Counts Real Estate Group Inc $1,499,000
Listed by Counts Real Estate Group Inc
Sep 13, 2018 Sold
Sold

Property Highlights

Air Conditioning
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Double Vanity, Walk-In Closet(s), Balcony, InteriorSteps, MainLevelPrimary, SeparateShower
Rooms: 7
Exterior Details
Square Footage: 2414
Square Footage Source: $0
Security Features: Smoke Detector(s)
Architectural Style: Coastal
Year Built: 2018
Building Area Total: 2414
Levels: Two
Patio and Porch Features: Deck, Covered, Porch, Balcony
Pool Features: Electric Heat, In Ground, Private
Pool is Private
Lot Features: Paved
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Lot Size Square Feet: 5663
Lot Size Dimensions: 50.0 ft x 115.0 ft
Financial Details
Tax Annual Amount: $10,562
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s)
Heating Type: Central
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 5,749
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,414
  • Gross Building Area: 2,414
  • Building Area: 2,414
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,414
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GULF LAGOON BEACH
  • Land Acres: 0000000132
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: GULF LAGOON BEACH LOT 9 BLK 7 ORB 4278 P 308

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002607

Zoning

  • Zoning: BC23

Geography

  • Parcel: 32294-000-000
  • Block: 7
  • Lot: 9
  • Meridian: SEC 16 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.144
  • Longitude: -85.7574

    Address

  • Full Address: 5500 Gulf Dr
  • Address - House Number: 5500
  • Address - Street Name: Gulf
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C009
  • 4-Digit Zip Code: 6705
  • Zip Code: 32408

Valuation

    Tax

  • Total Area: 2,563
  • Tax Year: 2023
  • Tax Amount: $1,092,927
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.2209
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 69
  • Final Value: 892,925
  • High Value: 1,090,257
  • Low Value: 695,594

    Market Valuation

  • Market Total Value: $1,143,546
  • Market Land Value: $194,630
  • Market Improvement Value: $948,916

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $658,045

    Sales

  • Current Sale Contract Date: Sep 13, 2018
  • Current Sale Recording Date: Sep 14, 2018
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018055596
  • Previous Sale Recording Date: Sep 13, 2018
  • Previous Sale Contract Date: Sep 13, 2018
  • Previous Sale Amount: $732,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gulf Lagoon Beach


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 5500 Gulf Drive built and last sold?
The property at 5500 Gulf Drive was built in 2018 and last sold on Sep 13, 2018 for $732,500.
How much is this home worth?
The estimated value of the home located at 5500 Gulf Drive is $1,497,853.
What are some comparable homes to 5500 Gulf Drive?
There are currently no comparable homes to 5500 Gulf Drive.