4 months on rocket

5518 Gulf Dr, Panama City Beach, FL, 32408

$1,725,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
2,414 SqFt
$715/SqFt
House
Schools Nearby

Location

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5518 Gulf Dr, Panama City$1,725,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, No Garage
Year Built2019
HeatingCentral
CoolingCentral Air, Electric
ViewGulf
MLS #750098
Lot Size0.13 Acres
StatusActive

About 5518 Gulf Dr

Welcome to your coastal paradise just steps away from the pristine white sand beaches! This stunning home offers the epitome of beachside living with its ideal location directly across from beach access and a mere half-mile stroll to the iconic Schooners.Step inside and be greeted by quality vinyl plank flooring and stylish tile throughout, setting the perfect coastal tone. The kitchen is a chef's dream, boasting stainless steel appliances, solid surface counters, and an inviting layout that makes entertaining a breeze. As you make your way through the home, you'll find a covered porch off the pavered pool deck, providing a perfect spot to unwind and soak in the coastal vibes.Picture yourself enjoying breathtaking Gulf views from the second-level balcony, a perfect spot for sipping your morning coffee or enjoying a sunset cocktail. The thoughtful design of this home includes two spacious Owner's Suites, one conveniently located on the first level and another on the second level. The downstairs Owner's Suite features a double vanity and a walk-in shower, while the upstairs Owner's Suite is a true retreat with its double vanity, walk-in shower, free-standing bathtub, and balcony access.The second level also hosts two additional bedrooms and a bunk room, all sharing a well-appointed hall bathroom. This layout ensures ample space for family and friends to create lasting beachside memories together.Whether you're lounging on the large covered front porch, taking a dip in the refreshing pool, or strolling along the sandy shores just moments away, this home epitomizes the coastal lifestyle. Seize the opportunity to make this beach retreat your own and experience the ultimate in comfort and convenience. Your slice of paradise awaits!

Property Details

Property Features

Property Information:

  • Architectural Style: Coastal
  • Year Built: 2019
  • Living Area: 2,414 SqFt

Listing Office:

  • Office Name: Corcoran Reverie

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Washer
  • Flooring Type: Plank, Vinyl
  • Interior: Pantry

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Gulf
  • Exterior: Balcony, Pool

Parking Information:

  • Parking: Driveway, No Garage

Lot Features

Lot Information:

  • Lot: Subdivision
  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • J.R. Arnold High School, Public District Grades 9-12
  • Surfside Middle School, Public District Grades 6-8
  • Patronis Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Thomas Dr east bound turn right onto Biltmore Dr. Home will be on left on corner of Gulf Dr and Biltmore Dr.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,725,000
  • Price Per SqFt: $715/SqFt

Tax Information:

  • Annual Amount: $6,859
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Panama City, FL.

Med. Sold Price

$347.1K

Med. Price/SqFt

$204

Avg. Days On Market

82

# of Sold Homes

196

5518 Gulf Dr vs Panama City

130 DAYS ON ROCKET

+48 Days

$1,725,000

+$1.3M More

$715/SqFt

+$511 More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $511/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #750098

Listing Office:

  • Office Name: Corcoran Reverie

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 1:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,859$600,740
2018$590$47,140

History based on county public records data.

Payment Calculator

$8,677

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,238

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1274459
7
/10
  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.79 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1274460
5
/10
  • Surfside Middle School

  • 300 Nautilus St

  • 7.19 miles

  • Public District Grades 6-8

High School

school-card-donut-1274461
5
/10
  • J.R. Arnold High School

  • 550 N Alf Coleman Rd

  • 5.30 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,776. Residents of Panama City, FL typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5518 Gulf Dr

What is the listing price of this property?

The listing price of 5518 Gulf Dr property is $1,725,000.

What type of property is this?

The property 5518 Gulf Dr is a house located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 5518 Gulf Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5518 Gulf Dr are:
Patronis Elementary School: GreatSchools Rating 7/10
Surfside Middle School: GreatSchools Rating 5/10
J.R. Arnold High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $6,859 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5518 Gulf Dr has 4 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 5518 Gulf Dr is 2,414 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5518 Gulf Dr is 2019.

Rocket HomesFloridaBay CountyPanama City324085518 Gulf Dr

This home is located at 5518 Gulf Dr in Panama City Beach, FL and zip code 32408 in the Gulf Lagoon Beach neighborhood. This 2,414 square foot home, which was built in 2019, sits on a 0.13 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 18, 2023 and is currently priced at $1,725,000.

While more than 13 listings in Panama City, FL in March 2024 were sold above asking price, there were more than 63 listings sold at asking price, and more than 120 were sold below. The inventory of homes for sale in Panama City, FL between February 2024 and March 2024 increased by 3.2%. In March 2024, listings were on the market for 82 days. During the same period, the median list price in this real estate market was $347,126.

From Rocket Homes Real Estate and based on county public records data.

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