1 year on rocket

5609 Gulf Dr, Panama City Beach, FL, 32408

$2,999,999

6 Bedrooms
4 Full Baths
3,366 SqFt
$891/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built2000
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric, Multi Unit(s)
WaterfrontGulf, Sandy Shoreline, Waterfront
ViewGulf
MLS #737761
Lot Size0.29 Acres
StatusActive

About 5609 Gulf Dr

Have you always dreamt of living on the beach? Now is your chance, this luxury beachfront home sits directly on Panama City Beach with 6 bedrooms, 4 bathrooms, and breathtaking views. On the main level, you will find plenty of space for entertaining. The main living space has tons of natural lighting with large sliding glass doors that lead to the deck and beach. The master suite has direct access to the deck through glass sliding doors, providing a gorgeous gulf view. The bathroom features a double vanity, whirlpool tub, and separate shower. Also located on the first floor is another bedroom and bunk room. The second floor provides a second living room space, three more bedrooms, two full bathrooms, and its own balcony to enjoy the breathtaking view of the gulf.Bonuses of this home include an eight-car driveway, an oversized deck, an outdoor shower, and walking distance to some great local restaurants such as Scooners. The backyard has been assessed and at the time had the capability of adding a luxury pool. This home also sits on one of the larger lots found along the gulf and is located in Un-Incorporated Bay County not the City of Panama City Beach.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2000
  • Living Area: 3,366 SqFt

Listing Office:

  • Office Name: Coldwell Banker Carroll Realty

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Flooring Type: Plank, Vinyl
  • Interior: Pantry, Recessed Lighting

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Waterfront: Gulf, Sandy Shoreline, Waterfront
  • View: Gulf
  • Exterior: Deck

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot: Waterfront
  • Lot Size: 0.29 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric, Multi Unit(s)

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 Hathaway Bridge, Left on Thomas Drive, go over the lagoon bridge to Thomas Drive Curve and take a right at light, Left on Biltmore Dr, Right on Gulf Drive, Home on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,999,999
  • Price Per SqFt: $891/SqFt

Tax Information:

  • Annual Amount: $13,535
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$347.6K

Med. Price/SqFt

$204

Avg. Days On Market

61

# of Sold Homes

211

5609 Gulf Dr vs Panama City

437 DAYS ON ROCKET

+376 Days

$2,999,999

+$2.6M More

$891/SqFt

+$686 More

KEY TAKEAWAY

This property is $2.6M more than the Median Sold Price and $686/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: #737761

Listing Office:

  • Office Name: Coldwell Banker Carroll Realty

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: 5/3/2024, 2:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 10, 2021Home Sold
$2,360,000
Sep 27, 2017Home Sold
$1,200,000
Jan 24, 2000Home Sold
$270,000
Jun 04, 1998Home Sold
$270,000

Tax History

YEARPROP. TAXASSESSMENT
2020$13,535$1,109,269
2018$12,368$984,912
2017$9,298$734,595

History based on county public records data.

Payment Calculator

$15K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,061

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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-5130624
7
/10
  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.75 miles

  • Public District Grades PK-5

Middle School

school-card-donut-5130625
5
/10
  • Surfside Middle School

  • 300 Nautilus St

  • 7.10 miles

  • Public District Grades 6-8

High School

school-card-donut-5130626
5
/10
  • J.R. Arnold High School

  • 550 N Alf Coleman Rd

  • 5.23 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,841. Residents of Panama City, FL typically earn between $35k-100k each year. The majority of 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 5609 Gulf Dr

What is the listing price of this property?

The listing price of 5609 Gulf Dr property is $2,999,999.

What type of property is this?

The property 5609 Gulf Dr is a house located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 5609 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 5609 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 $13,535 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 10, 2021 for $2,360,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5609 Gulf Dr has 6 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 5609 Gulf Dr is 3,366 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5609 Gulf Dr is 2000.
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Rocket HomesFloridaBay CountyPanama City324085609 Gulf Dr

This home is located at 5609 Gulf Dr in Panama City Beach, FL and zip code 32408 in the Gulf Lagoon Beach neighborhood. This 3,366 square foot home, which was built in 2000, sits on a 0.29 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 21, 2023 and is currently priced at $2,999,999.

While more than 30 listings in Panama City, FL in April 2024 were sold above asking price, there were more than 51 listings sold at asking price, and more than 130 were sold below. Between March 2024 and April 2024, Panama City, FL real estate market has seen increase in the number of listings by 4.7%. While the average time on the market in April 2024 was 61 days, the median list price was $347,653.

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

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