7 months on rocket

5948 Gulf Dr, Panama City Beach, FL, 32408

$2,795,000

6 Bedrooms
6 Full Baths, 1 Partial
4,570 SqFt
$612/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
Year Built2024
CoolingCentral Air
ViewGulf
Private PoolYes
MLS #947607
Lot Size0.12 Acres
StatusActive

About 5948 Gulf Dr

Compelling new construction opportunity in the brand new Gulf front community of Hadleys Beach. This home is scheduled for completion by the end of December, with designer furnishings to be added by the second week of January. Emerging from the sugar white sands and idyllic turquoise hued waters of Panama City Beach resides the exclusive newly released Gulf front community of Hadleys Beach. Reigning on over four acres, the low density community encompasses a total of sixteen Gulf front homesites and ten first tier homesites. Architectural harmony is established and promoted through the carefully curated covenants and restrictions coupled with the inception of the community architectural review board. Notable community infrastructure includes underground utilities, community lighting, and sidewalks throughout. Coined as one of the top two beaches in all of America, St Andrews State Park abuts to Thomas Drive and offers over 1,200 acres of forests, sand dunes covered with sea oats, fresh and saltwater marshes, a lagoon swimming area, fishing jetties, hiking trails, and nearly two miles of beach. The community of Hadleys Beach is geographically poised near all of the world class dining and entertainment venues the Emerald Coast has to offer including Thomas Drive, Pier Park, and Scenic Highway 30A. The prime location, masterfully designed site plan, and impressive rental potential create a compelling opportunity to investors and full-time residents alike. Inquire today to learn more and start envisioning the coastal lifestyle you deserve.

Property Details

Property Features

Property Information:

  • Architectural Style: Beach House
  • Year Built: 2024
  • Stories: 3
  • Living Area: 4,570 SqFt

Listing Office:

  • Office Name: Corcoran Reverie SRB
  • Office Email: hilary.ff@corcorangroup.com
  • Listing Agent: Hilary & Jacob

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 6
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Gulf

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Cooling: Central Air

Other

Directions Information:

  • Directions: Heading East on Thomas Drive, turn right onto Nova Street and then take the first right onto Gulf Drive which will take you to the community entrance. The community is between the Watercrest Condominium and Regency Towers Condominium. GPS Directions: Enter Nova Street Panama City, FL 32408 into GPS and you will be routed to the community entrance.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,795,000
  • Price Per SqFt: $612/SqFt

HOA Fees:

  • Amount: $500
  • Frequency: Annually
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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

5948 Gulf Dr vs Panama City

218 DAYS ON ROCKET

+141 Days

$2,795,000

+$2.4M More

$612/SqFt

+$410 More

KEY TAKEAWAY

This property is $2.4M more than the Median Sold Price and $410/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Emerald Coast Association of REALTORS®
  • MLS Number: #947607

Listing Office:

  • Office Name: Corcoran Reverie SRB
  • Office Email: hilary.ff@corcorangroup.com
  • Listing Agent: Hilary & Jacob

IDX Information Deemed Reliable but not guaranteed. The information being provided is 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. 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: 11/22/2024, 7:20:56 AM 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

$14K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,446

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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-547866
7
/10
  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.51 miles

  • Public District Grades KG-5

school-card-donut-547867
3
/10
  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 4.13 miles

  • Public District Grades PK-5

school-card-donut-547868
1
/10
  • St. Andrew School at Oakland Terrace

  • 2010 W 12th St

  • 4.57 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. The most common annual income of people living in Panama City, FL is between $35k-100k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5948 Gulf Dr

What is the listing price of this property?

The listing price of 5948 Gulf Dr property is $2,795,000.

What type of property is this?

The property 5948 Gulf Dr is a house located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 5948 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 5948 Gulf Dr has 6 bedrooms and 6 full and 1 half bathrooms.

What is the square footage of this property?

The property 5948 Gulf Dr is 4,570 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5948 Gulf Dr is 2024.
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Rocket HomesFloridaBay CountyPanama City324085948 Gulf Dr

This home is located at 5948 Gulf Dr in Panama City Beach, FL and zip code 32408. This 4,570 square foot home, which was built in 2024, sits on a 0.12 acre lot. Features: 6 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $2,795,000.

In October 2024 more than 16 listings in Panama City, FL were sold above the asking price. During the same period more than 40 listings were sold at asking price, while more than 138 were sold below. The number of listings in Panama City, FL decreased by 1.7% between September 2024 and October 2024. In October 2024 median list price was $339,477 and the average listing age was 77 days.

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

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