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Elite Realty
(850) 638-0370 Office
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$3,100,000
43 Days On Site

5940 Gulf Drive
Panama City Beach, FL 32408

For Sale|Residential|Pending
5
Beds
7
Total Baths
6
Full Baths
1
Partial Bath
4,090
SqFt
$758
/SqFt
2025
Built
Subdivision:
Hadley's Beach
County:
Bay
Listing courtesy of Ashley Cutchins of Miller & Associates Realty
Call Now: (850) 638-0370
Is this the listing for you? We can help make it yours.
(850) 638-0370
5940 Gulf Drive5940 Gulf Drive5940 Gulf Drive5940 Gulf Drive
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Monthly Payment (Est.)

$14,143
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.
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Introducing a rare opportunity in Hadley's Beach an exclusive, low-density Gulf-front community in Panama City Beach. One of just ten first-tier homesites, this newly constructed three-story retreat is purpose-built for luxury living and exceptional rental performance, offering stunning design, panoramic views, and turnkey income potential. Step into the first floor where a private guest suite and a relaxed secondary living space set the tone for coastal comfort. Expansive sliders open to a covered outdoor kitchen and lounge, perfect for seamless indoor-outdoor entertaining. Just beyond, a heated saltwater pool with a sun shelf and swim deck invites relaxation in a setting just steps from the beach. Ride the private elevator to the second floor, where 12-foot ceilings and floor-to-ceiling windows frame the breathtaking Gulf. This level features a spacious open-concept living and dining area and a chef's kitchen outfitted with high-end appliances, premium finishes, and an oversized island built for gathering. A guest bedroom and 1.5 bathrooms offer comfort and flexibility for renters or family. The third floor delivers privacy and sleeping capacity with two Gulf-facing primary suites featuring spa-style baths and balconies, a custom bunk room designed for families and kids, and an additional guest bedroom with full bath. With 5 bedrooms, 6.5 bathrooms, and multiple living spaces across all three levels, the layout is tailor-made for high-volume short-term rentals. Every detail has been designed for ease and income from the full fire suppression system meeting all STR code requirements to the garage and oversized driveway with parking for 5+ vehicles, including an EV charger. Whether you're seeking a luxury second home, full-time residence, or a rental machine in one of the Gulf Coast's most coveted beach communities, this Hadley's Beach home delivers unmatched value, beauty, and return on investment.

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Listing Snapshot
Price 
$3,100,000
Days On Site 
43 Days
Bedrooms 
5
Inside Area (SqFt) 
4,090 sqft
Total Baths 
7
Full Baths 
6
Partial Baths 
1
Lot Size 
0.12 Acres
Year Built 
2025
MLS® Number 
783122
Status 
Pending
Property Tax 
$5,161
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Plans
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What's This?
Private
Recent Activity
4 weeks agoListing updated with changes from the MLS®
4 weeks agoStatus changed to Pending
a month agoListing first seen on site
General Features
Acres 
0.12
Foundation 
Slab
Garage 
Yes
Garage Spaces 
1
Levels 
Three Or More
Number Of Stories 
3
Parking 
Electric Vehicle Charging Station(s)
Property Condition 
New Construction
Security 
Smoke Detector(s)Carbon Monoxide Detector(s)Fire Sprinkler SystemFire Alarm
SqFt Total 
4090
Style 
Coastal
Utilities 
Electricity AvailableNatural Gas AvailableSewer AvailableUnderground Utilities
Interior Features
Appliances 
Bar FridgeGas CooktopGas OvenGas RangeGas Water HeaterIce MakerTankless Water Heater
Cooling 
Central AirCeiling Fan(s)
Flooring 
Vinyl
Furnished? 
All Units
Heating 
Electric
Interior 
Smart Thermostat
Bedroom 
Dimensions - 13 x 146Level - ThirdDescription - Bedroom 3
Dining Room 
Dimensions - 126 x 184Level - Second
Garage 
Dimensions - 13 x 22Level - First
Great Room 
Dimensions - 246 x 184Level - Second
Kitchen 
Dimensions - 17 x 136Level - Second
Laundry 
Dimensions - 72 x 8Level - First
Living Room 
Dimensions - 236 x 17Level - FirstDescription - Game Room
Other 
Dimensions - 24 x 8Level - Third
PrimaryBedroom 
Dimensions - 1,310 x 17Level - Third
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Exterior Features
Construction Details 
HardiPlank TypeConcreteFrame
Exterior 
BalconyBarbecueOutdoor KitchenOutdoor Shower
Fencing 
Privacy
Lot Features 
Waterfront
Patio And Porch 
PatioDeckCovered
Pool Features 
Gas HeatIn GroundSalt WaterPrivate
Private Pool 
Yes
Roof 
Metal
View 
Water
Waterfront 
Yes
Waterview 
Water
Community Features
MLS Area 
03 - Bay County - Beach
Schools
School District
Unknown
Elementary School
Patronis
Middle School
Surfside
High School
Arnold
Listing courtesy of Ashley Cutchins of Miller & Associates Realty



Listing information is provided by Participants of the Central Panhandle Association of REALTORS MLS. IDX information is provided exclusively for 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 is deemed reliable but not guaranteed. Copyright 2026, Central Panhandle Association of REALTORS MLS.
Last checked: 2026-02-15 02:01 PM UTC

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Source: Walkscore
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Elite Realty
(850) 638-0370
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Office Location
964 Main Street
Chipley, FL 32428

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