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5944 Gulf Drive
About This Property
Throughout the residence, private and shared spaces have been carefully considered. The third-floor primary suite offers a more secluded retreat within the home, while additional bedrooms provide comfortable accommodations for family and guests. A generously scaled bunk room, featuring a custom king bunk and two twin bunks, adds flexibility and architectural character while maintaining the refined aesthetic carried throughout the residence.
Outdoor living extends into the fenced backyard, where Gulf breezes and an outdoor shower reflect the ease of the coastal setting. Hadley's Beach is intentionally limited in scale, with 16 Gulf-front and 10 first-tier residences, creating a more intimate residential environment along Panama City Beach's white-sand shoreline and emerald waters.
What distinguishes 5944 Gulf Drive is the combination of new construction, thoughtful architecture, and a Gulf-oriented setting within a limited collection of residences. For buyers searching for a luxury new construction home in Panama City Beach, a second home near the Gulf of Mexico, or a spacious coastal residence designed for family and guests, 5944 Gulf Drive delivers a compelling balance of design, livability, and location within Hadley's Beach.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2026 | Listed by Corcoran Reverie | $3,299,000 | |
| Listed by Corcoran Reverie | |||
| Aug 23, 2025 | Listed | $3,299,000 | |
| Listed | |||
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Perfectly positioned along the pristine shoreline of Panama City Beach, 5944 Gulf Drive presents a rare opportunity to own within an intimate Gulf-front enclave of just twenty-six residences. Designed and constructed by Thor Construction, this 4,747-square-foot retreat embodies refined coastal living with six bedrooms, six and a half bathrooms, and a thoughtful balance of private sanctuaries and gathering spaces. From the moment you enter, a sense of craftsmanship and scale is immediately evident. The kitchen serves as the heart of the home, appointed with custom cabinetry, premium appliances, a grand island for both culinary preparation and casual dining, and finishes that speak to timeless luxury. Expansive living areas are designed for both relaxation and entertaining, opening effortlessly to views that frame the turquoise waters beyond.
The third-floor primary suite crowns the residence, offering a serene retreat with sweeping outlooks, while the generous bunk roomfeaturing a custom-built king bunk and two twin bunks elevates hosting capacity without compromising comfort or design, creating a rhythm of privacy and ease for family and guests alike.
Outdoors, a fenced backyard invites the enjoyment of Gulf breezes in a more intimate setting, complete with a refreshing outdoor shower ideal for rinsing off after a day on the sand. Just steps away, the private development's sixteen Gulf-front and ten first-tier homesites capture the essence of coastal prestige.
More than a residence, this home represents an architectural expression of seaside elegancecrafted for those who value design, livability, and an incomparable sense of place.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017