4 months on rocket

5609 Gulf Dr, Panama City, FL, 32408

$2,999,000

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

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 #759319
Lot Size0.29 Acres
StatusActive

About 5609 Gulf Dr

Experience the ultimate in beachfront living with this magnificent 6-bedroom, 4-bathroom furnished home located directly on the Gulf of Mexico. Situated on East Panama City Beach walking distance to Schooners, and close to marinas and the best local restaurants, this spacious home offers breathtaking views and convenience. The home features an expansive beachfront deck with Trex decking and staircase ensuring durability for years to come, and an outdoor shower for rinsing off after a day at the beach.The main level boasts a waterfront master bedroom with private, sliding door access to the deck, an ensuite bathroom with jacuzzi tub, separate shower, and double vanities. There's an additional bedroom, full bathroom, and bunkroom on the main level as well. This home is fantastic for entertaining with a spacious open floor plan in the living and dining room. Vinyl plank flooring throughout, metal roof, tall ceilings, and new AC installed in 2024. Upstairs are three additional bedrooms, two bathrooms, and a living room with balcony for enjoying the gorgeous water views and sunsets from the second level.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.This home is perfect for those who love beachside living and entertaining. Whether you're looking for a permanent residence, a vacation home, or a lucrative rental property, this gem offers everything you need and more. Don't miss out on this rare opportunity to own a piece of paradise in Panama City Beach.

Property Details

Property Features

Property Information:

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

Listing Office:

  • Office Name: CENTURY 21 Ryan Realty Inc

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Washer
  • 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: Outdoor Shower

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)

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: $2,999,000
  • Price Per SqFt: $891/SqFt
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Housing Market Comparison

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

Med. Sold Price

$339.4K

Med. Price/SqFt

$201

Avg. Days On Market

77

# of Sold Homes

194

5609 Gulf Dr vs Panama City

142 DAYS ON ROCKET

+65 Days

$2,999,000

+$2.6M More

$891/SqFt

+$689 More

KEY TAKEAWAY

This property is $2.6M more than the Median Sold Price and $689/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: #759319

Listing Office:

  • Office Name: CENTURY 21 Ryan Realty Inc

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: 11/21/2024, 7:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$15K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,058

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NMLS#3030

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.

Nearby Schools

school-card-donut-397959
7
/10
  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.80 miles

  • Public District Grades KG-5

school-card-donut-397960
3
/10
  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 4.10 miles

  • Public District Grades PK-5

school-card-donut-397961
1
/10
  • St. Andrew School at Oakland Terrace

  • 2010 W 12th St

  • 4.44 miles

  • Public District Grades PK-5

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. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

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 $2,999,000.

What type of property is this?

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

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, 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 July 02, 2024 and is currently priced at $2,999,000.

Over 16 listings were sold over their listed price in October 2024 in Panama City, FL. In the same period over 138 listings were sold below the listed price and 40 listings were sold for the listed price. The number of homes for sale in Panama City, FL decreased by 1.7% between September 2024 and October 2024. The median list price of listings available in October 2024 was $339,477, while the average time on the real estate market was 77 days.

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

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