5940 Gulf DR Panama City Beach, FL 32408
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,090 sqft
Price per Sqft $731
Subdivision Hadley'S Beach
MLS Listing ID 783122
Style Coastal
Bedrooms 5
Full Baths 6
Half Baths 1
HOA Y/N Yes
Year Built 2025
Annual Tax Amount $5,161
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Single Family Residence
Property Description
Priced at $2.99M and capable of generating up to $250,000 annually, this newly constructed three story retreat isn't just a luxury home. It's a high-performing coastal asset designed to deliver both lifestyle and income in one irreplaceable location.
And now, with owner financing available, the path to ownership becomes even more accessible.
Step inside and the experience begins immediately.
The first level welcomes guests with a private suite and a relaxed secondary living space ideal for maximizing rental flexibility and privacy. Expansive glass doors open to a covered outdoor kitchen and lounge, creating a seamless flow into the backyard retreat, where a heated saltwater pool, sun shelf, and swim deck offer a resort style experience just steps from the Gulf.
Upstairs, the second floor is where the home truly opens up.
Soaring 12-foot ceilings and floor-to-ceiling windows frame uninterrupted Gulf views, flooding the open concept living and dining area with natural light. The chef's kitchen is built for both entertaining and efficiency, featuring high end appliances, premium finishes, and an oversized island that anchors the space.
A guest bedroom and additional baths on this level provide flexibility for both personal use and rental demand.
The third floor is designed for capacity, comfort, and repeat bookings.
Two Gulf facing primary suites deliver private balconies and spa style baths. Creating a premium experience guests will return for year after year. A custom bunk room adds high value sleeping capacity for families, while an additional guest suite ensures every visitor has space and privacy.
With 5 bedrooms, 6.5 bathrooms, a dedicated bunk room, and multiple living areas across all three levels, the layout is engineered for high occupancy short term rental performance without sacrificing luxury.
Every detail has been considered to maximize both ease and income:
A full fire suppression system meeting STR requirements, a garage and oversized driveway accommodating 5+ vehicles, and an EV charger. All designed to support today's high end renter expectations while reducing ownership friction.
But what truly sets this property apart cannot be duplicated:
Hadley's Beach is one of the only communities of its kind on Panama City Beach low density, Gulf front, and tightly held.
That means limited competition, consistent demand, and a level of exclusivity that protects both your experience and your investment.
Whether you're seeking a luxury second home, a full time coastal residence, or a property that performs as beautifully financially as it does visually, this home offers something rare:
A beachfront lifestyle that doesn't just cost you it contributes to you.
Location
State FL
County Bay
Community Barbecue, Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Interior Features Smart Thermostat
Heating Electric
Cooling Central Air, Ceiling Fan(s)
Flooring Luxury Vinyl Plank
Fireplace No
Appliance Bar Fridge, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Tankless Water Heater
Exterior
Exterior Feature Barbecue, Covered Patio, Outdoor Kitchen, Outdoor Shower
Parking Features Electric Vehicle Charging Station(s)
Garage Spaces 1.0
Garage Description 1.0
Fence Privacy
Pool Gas Heat, In Ground, Salt Water, Private
Community Features Barbecue, Short Term Rental Allowed
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities
View Y/N Yes
View Gulf
Roof Type Metal
Porch Deck, Balcony, Covered, Patio
Private Pool Yes
Building
Story 3
Entry Level Three Or More
Foundation Slab
Architectural Style Coastal
Level or Stories Three Or More
New Construction Yes
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Restrictions Short Term Rentals Allowed
Tax ID 30932-100-220
Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Fire Alarm,Smoke Detector(s)
Special Listing Condition Listed As-Is
Virtual Tour https://my.matterport.com/show/?m=Cbt93gNBpbJ&brand=0&mls=1&