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For sale
    • $1,499,000

    5516 Gulf Dr, Panama City Beach, FL 32408

    4beds
    2,414sqft
    : 
    $9,038/mo
    Get pre-qualified
    Single Family Residence
    Built in 2019
    5,662 Square Feet Lot
    $1,395,400 Zestimate®
    $621/sqft
    $-- HOA

    What's special

    Laundry room
    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.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tracy Rudder 850-819-2979,

    Counts Real Estate Group Inc,

    Carl E Allen 850-960-8808,

    Counts Real Estate Group Inc

    Source: CPAR,MLS#: 794031MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Bedroom, Kitchen, Living Room, Primary Bedroom
      Primary bedroom
      • Level: First
      • Dimensions: 17 x 14
      Primary bedroom
      • Level: Second
      • Dimensions: 17 x 14
      Bedroom
      • Level: Second
      • Dimensions: 12 x 11
      Bedroom
      • Level: Second
      • Dimensions: 12 x 10
      Other
      • Level: Second
      • Dimensions: 12 x 8
      Kitchen
      • Level: First
      • Dimensions: 12 x 12
      Living room
      • Level: First
      • Dimensions: 20 x 18
      Heating
      • Central
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Electric Cooktop, Electric Oven, Ice Maker
      Features
      • Balcony, Double Vanity, Interior Steps, Main Level Primary, Separate Shower, Walk-In Closet(s)
      Interior area
      • Total structure area: 2,414
      • Total interior livable area: 2,414 sqft

      Property

      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Balcony, Deck, Covered, Porch
      • Exterior features: Covered Patio, Deck
      • Has private pool: Yes
      • Pool features: Electric Heat, In Ground, Private
      • Fencing: Fenced
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      Lot
      • Size: 5,662 Square Feet
      • Dimensions: 50.0 ft x 115.0 ft
      • Features: Paved
      Details
      • Parcel number: 32296000000
      • Zoning description: Resid Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Coastal
      • Property subtype: Single Family Residence
      Materials
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2019

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Electricity Available, Natural Gas Available

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Security: Smoke Detector(s)
      • Subdivision: Gulf Lagoon Beach
      HOA
      • Has HOA: No
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $621/sqft
      • Tax assessed value: $941,329
      • Annual tax amount: $10,627
      • Date on market: 8/14/2026
      • Electric utility on property: Yes

        Estimated market value

        $1,395,400

        $1.33M - $1.47M

        $3,321/mo

        Price history

        DateEventPrice
        8/14/2026Listed for sale$1,499,000+87.6%$621/sqft
        Source: CPAR #794031 Report a problem
        10/11/2019Sold$799,000-8.7%$331/sqft
        Source: CPAR #689769 Report a problem
        3/22/2004Sold$875,000$362/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$10,055 -7.3%$718,729 +10%
        2023$10,846 +57%$653,219 +10%
        2022$6,908 $593,835
        2021-- --
        2020$7,843 +653.2%$641,444 +1137%
        2019$1,041 $51,853 +10%
        2018$1,041 +76.5%$47,139 -74.9%
        2017$590 -75.1%$187,899 -15.3%
        2016$2,368 -23%$221,767 +1.8%
        2015$3,075 $217,857 -11.1%
        2014$3,075 $244,932
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Lower Grand Lagoon

        Getting around

        47 / 100
        Car-Dependent
        43 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Patronis
        • Middle: Surfside
        • High: Arnold

        Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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