5903 Gulf Drive Panama City Beach, FL 32408

PRICED AT $1,899,000

Listing Details

$1,899,000
MLS# 786283
Type Residential - Single Family
Status Active

3 Bedrooms
2 full Bathrooms
1,296 Square Feet
0.080 acres Lot Size
1982 Year Built

Description

Gulf Front | Rare Deeded Land to the Water's Edge | No HOA! Welcome to The Palapa House, a Gulf-front residence positioned directly on the sugar-white sands of the Gulf of America, with deeded ownership extending to the water's edge. Fewer than 7% of Gulf-front parcels in Panama City Beach offer this level of private beachfront ownership, making opportunities like this exceptionally rare. Originally designed by the architects of Regency Towers, the home is positioned farther onto the beach than neighboring properties, ensuring unobstructed panoramic Gulf views to the east and west. Step from your back door onto your private stretch of...read more beach or relax beneath the city-approved private Palapa, made possible by the extended property lines reaching the waters edge. The palapas thatched roof was replaced in Fall 2025. The upstairs Gulf-front balcony is accessed from the main family room and offers sweeping sunrise & sunset views. On the lower level, a beachside deck is accessible from the second bedroom and opens directly to the sand. A private boardwalk extends from the front porch to the beach, and an exterior shower on the rear boardwalk provides convenient sand removal after leaving the beach. Major improvements include a new GAF roof system with new roof decking and fascia board, backed by a 15-year wind and material warranty installed in July 2025. A new Siemens 200-amp circuit breaker panel with corrosion-resistant copper wiring was installed in 2025. The exterior was upgraded with Tyvek vapor barrier, Hardie plank siding and trim, and fully painted with Sherwin-Williams exterior paint. All decks were stained with Super Deck marine stain and all windows were freshly caulked. The home passed a professional 4-point and wind inspection in 2025, resulting in a 17% reduction in homeowners insurance premium. The interior and exterior have been freshly painted and luxury vinyl plank flooring runs throughout the home. Additional upgrades include new ceiling fans, updated bathroom light fixtures, new smart TVs with upgraded WiFi, new locks and security features, new kitchen accessories, and solar film installed on all windows to improve energy efficiency during extreme weather conditions. The living room features a 3-D glass electric fireplace with optional heat and color-changing flame. New lighting and updated family room, dining room, and bedroom furniture and accessories enhance the homes coastal design. The kitchen and baths were previously remodeled, and the home is offered beautifully furnished. Appliances include electric range, microwave, dishwasher, refrigerator, washer and dryer. This three-bedroom home comfortably sleeps 11, including Twin XL bunks, a newer queen mattress in the downstairs bunk room, and a queen sleeper sofa. The primary bedroom is located on the second floor for privacy and separation. Exterior features include mature palm trees, an 8x40 privacy fence, covered porch areas, private driveway parking, and two beach decks with custom cable rails. High-end Sunbrella outdoor furniture was added in April 2021. The property consistently rents more than 200 days per year with documented rental income available upon request. Daily and weekly rental structure is already in place. Flood insurance remains favorable due to grandfathered mapping status. Located near St. Andrew State Park, Shell Island, marinas, waterfront dining, and public boat access, this is Gulf-front ownership at its rarest. Private, deeded, income-producing, and architecturally positioned f

Features

Electric Range
Electric Water Heater
Central Air, Ceiling Fan(s), Ductless
Central, Ductless, Electric, Fireplace(s)
2.0 Stories
$8,599 Taxes
Built in 1982

View All Features

Gallery

View Slideshow

Contact the Listing Agent

Please contact me, I'd like to learn more about 5903 Gulf Drive, Panama City Beach, FL 32408.
I'd like to schedule a showing

Real estate agents ready to serve you | Browse homes and real estate for sale

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 06/13/2026. The listing information on this page last changed on 06/13/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 06/13/2026 7:22:27 AM EST) or Emerald Coast MLS (last updated Sat 06/13/2026 7:15:22 AM EST) or Central Panhandle Association of Realtors (last updated Fri 06/12/2026 10:41:31 PM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Privacy Policy / DMCA Notice / ADA Accessibility

Sitemap

Schedule a Showing

Complete the form below to see 5903 Gulf Drive, Panama City Beach, FL 32408. An agent will get in touch to confirm your request shortly.

Request a Showing

Preferred Communication Method:
Please contact me to schedule a day and time
By checking this box, I agree to receive automated calls and text messages from Beachy Beach Real Estate. Message frequency varies. See our Terms & Privacy Policy for details.
I agree to the terms and conditions.