For sale

$6,400,000

Est. $38,159/mo —

•

5,891

sq ft

5939 Gulf Dr, Panama City, FL 32408

About this home

Experience the pinnacle of Gulf-front luxury at 5939 Gulf Drive, a newly constructed coastal estate located within the exclusive beachfront enclave of Hadley's Beach in Panama City Beach. Perfectly positioned directly on the sugar-white sands with 50 feet of Gulf frontage, this extraordinary four-story residence offers nearly 6,000 square feet of thoughtfully designed living space with 8 bedrooms, 10 full baths, 1 half bath, a bunk room, recreation room, private elevator, and a stunning private Gulf-front pool. Designed to balance sophistication, comfort, and investment potential, this fully furnished home is already operating as a short-term rental opportunity. Expansive gathering spaces, multiple Gulf-front balconies, and panoramic emerald-water views create an unforgettable coastal experience for owners and guests alike. The open-concept main living area showcases elevated finishes, generous entertaining spaces, and seamless indoor-outdoor flow overlooking the beach. Whether you are seeking a luxury second home, an elite investment property, or a legacy beachfront estate, 5939 Gulf Drive delivers an exceptional opportunity to own one of Panama City Beach's newest premier Gulf-front residences.

Single-familyProperty Type

2025Year Built

0.26 acresLot Size

$1,086Price/Sq.Ft.

$167/moHOA Dues

2 garage spacesParking

Listed by Garrison Dykes • Found Real Estate

Listed by Jenny Payne • Found Real Estate

Listing updated: Jun 16, 2026 at 09:04pm

Redfin checked: a minute ago

•Source:ECAR #1004512

Payment calculator

$38,159 per month

Principal and interest$33,635

Property taxes

HOA dues

Home insurance

Utilities

5 minutes to get started. No credit impact.

Mortgage resources

See this home in person

Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN WED, 12PM TO 2PM
$660,000
4 beds2 baths1,860 sq ft
213 Kentucky Ave, Lynn Haven, FL 32444
OPEN THU, 3:30PM TO 5:30PM
$469,900
3 beds2 baths1,812 sq ft
424 Hidden Island Dr, Panama City, FL 32408
OPEN FRI, 2PM TO 4PM
$545,000
1 bed2 baths768 sq ft
140 Paradise Found Cir #2, Panama City Beach, FL 32413
OPEN SAT, 11AM TO 3PM
$279,900
3 beds3 baths1,695 sq ft
7680 Solana Ln #54, Panama City, FL 32408
OPEN SAT, 11AM TO 3PM
$349,900
3 beds2.5 baths1,513 sq ft
321 Cyan Ln #35, Panama City Beach, FL 32407
OPEN SAT, 12PM TO 4PM
$271,990
4 beds2 baths1,732 sq ft
3888 Wall St Unit HS 78, Panama City, FL 32404
OPEN SAT, 12PM TO 4PM
$255,490
3 beds2 baths1,413 sq ft
3896 Wall St Unit HS 76, Panama City, FL 32404
OPEN SAT, 1PM TO 3PM
$950,000
5 beds4.5 baths2,345 sq ft
5231 Thomas Dr, Panama City, FL 32408
OPEN SAT, 1PM TO 3PM
$950,000
5 beds4.5 baths2,345 sq ft
5233 Thomas Dr, Panama City, FL 32408
OPEN SUN, 12PM TO 2PM
$300,000
4 beds2 baths1,367 sq ft
107 N Claire Dr, Panama City, FL 32401

Around this home

Schools

K - 12
Preschool & daycare

Patronis Elementary School

Public K-5 • Assigned • 1.6mi

9/10

Surfside Middle School

Public PreK-12 • Assigned • 6.8mi

7/10

J.R. Arnold High School

Public 9-12 • Assigned • 5.0mi

4/10

Provided by GreatSchools

About Crescent

Beach

Crescent Beach, located between St. Andrews State Park and Panama City Beach, is a waterfront and resort-style Lower Grand Lagoon neighborhood with sugar-white sand and Gulf-front views. The neighborhood’s character concentrates around the Thomas Drive corridor near the St. Andrews State Park entrance, where beach bars, bait-and-tackle counters, and casual seafood kitchens set a salt-air tempo. Schooners Last Local Beach Club, Patches Pub & Grill, and Captain Anderson’s Restaurant anchor the local scene with live music, patio tables, and dockside tradition. Low-rise condos and beach cottages line the shore, while marinas and canals shape daily routines around boats and boards. Sunset walks and dune-backed stretches define the pace, with the park’s trails and jetties close by.

Provided by Walk Score and Local Logic

Market insights

5939 Gulf Dr · $6,400,000

DAYS ON MARKET

The average home goes pending in 76 days.

SALE-TO-LIST

Most homes are selling 3% below list price.

LIST PRICE

Median list price in this area is $385,124. (94% lower than this home)

PRICE DROP

26% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Beamed ceilings
Vaulted ceilings
Fireplace
Kitchen island
Recessed lighting
Owner's closet
Pantry
Washer/dryer hookup
Wet bar
Elevator
Storm door(s)
Storm windows
Window treatments
Furnished

Bedrooms
8 bedrooms total
Master suite on the third floor with double vanity, dressing area, garden tub, separate shower, tile, balcony, sitting area, walk-in closet, and waterfront views

Bathrooms
11 bathrooms total (10 full, 1 half)

Kitchen
Kitchen located on the second floor
Kitchen island

Laundry & utility
Washer and dryer included in appliance list (washer, dryer)
Washer/dryer hookup

Flooring
Hardwood flooring

Heating & cooling
Central air conditioning
Multiple AC systems
Central heating with natural gas
Multiple heating systems
Tankless water heater

Sale and tax history for 5939 Gulf Dr

Sale History
Tax History

Date

Event

Price

ECAR #1004512

Jun 2, 2026

Listed

$6,400,000

$1,086/sq ft

ECAR #1003402

May 8, 2026

Sold

$5,850,000

$993/sq ft

May 8, 2026

Listed

$5,850,000

$993/sq ft

Discover a rare opportunity to own a newly constructed Gulf-front estate in the coveted Hadley's Beach community. Spanning 5,891 square feet across four levels, this professionally furnished residence was designed with a balance of scale, sophistication, and livability. Featuring nine bedrooms, eleven bathrooms, a bunk room, and a private Gulf-front pool, the home embodies the essence of luxury coastal living.

CPARMLS #768561

Oct 10, 2025

Listing Removed

—

Feb 6, 2025

Listed

$5,995,000

$1,018/sq ft

ECAR #967970

Oct 10, 2025

Pending

—

Feb 6, 2025

Listed

$5,995,000

$1,018/sq ft

Public Records

Dec 28, 2023

Sold

$1,850,000

$314/sq ft

Public record

Public record
Permits

Beds

—

Baths

—

Stories

—

Lot width

54 ft.

Lot depth

198 ft.

Lot size

0.26 Acres

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Vacant Land

County

Bay County

APN

30932100080

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 18, 2026.

Climate risks

7/10 Flood Factor

Estimated 71-79% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

10/10 Heat Factor

7 days above 106° expected this year, 21 days in 30 years

10/10 Wind Factor

99% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Panama City, FL • 32408

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

88/ 100

Very good sunlight

Sunscore

This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.1 hrs

5.9 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 5939 Gulf Dr

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $710,000 and $2,800,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $710K to $2.8M.

SOLD AUG 3, 2026
$710,000 Last sold price
3 beds2 baths1,400 sq ft
5706 Hilltop Ave, Panama City, FL 32408
$579/sq ft
41 years older
SOLD JUL 17, 2026
$2,800,000 Last sold price
5 beds6.5 baths4,090 sq ft
5940 Gulf Dr, Panama City, FL 32408
$401/sq ft
smaller lot
SOLD MAY 22, 2026
$2,450,000 Last sold price
4 beds2.5 baths1,786 sq ft
5309 Gulf Dr, Panama City, FL 32408
$286/sq ft
larger lot
28 years older
SOLD APR 16, 2026
$769,000 Last sold price
3 beds2.5 baths1,625 sq ft
6418 Beach Dr, Panama City, FL 32408
$613/sq ft
larger lot
4 years older
SOLD SEP 15, 2025
$878,000 Last sold price
4 beds2.5 baths2,271 sq ft
6424 Sunset Ave, Panama City, FL 32408
$699/sq ft
smaller lot
SOLD DEC 18, 2025
$960,000 Last sold price
5 beds4 baths2,749 sq ft
6431 S Lagoon Dr, Panama City Beach, FL 32408
$737/sq ft
smaller lot
2 years older

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