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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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5409 Gulf Dr , Panama City, FL 32408
$4,490,000
Est. Payment: $22,772.43/mo
9 Bed
7 Bath
4537 Sqft
Status: active | Days on site: 125
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
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House Description

''INVESTMENT PROPERTY'' This beautiful Private Beach home is a money maker! It has produced over $400k in rentals a year over the last four years. It is already booked at 70% for 2026! The location is great in the heart of all the attractions in Panama City Beach! The home has a 14x24 heated pool, hot tub , and over 2000sq ft of back deck to enjoy. You can walk off the back deck right into the beautiful white sand, and into the gulf! Home also boasts plenty of parking for boats, motorcycles, or RV's. With 9 bed rooms and 7 bathrooms there is room for the entire family! King size beds are in seven of the nine bedrooms, and almost every room has a beautiful view of the gulf. Home has a Large open area for entertaining and Gourmet Kitchen. There is also a separate Media/Game room for the kids upstairs with game table and large flat screen TV. ''Making Waves'' is a premiere gulf front home with a proven rental record! You must come see it for yourself!
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Highlights

Listed by Fred W Thomas , 850-832-8695 Beach Time Realty, Inc , 850-381-3156. Bay County Association of REALTORS

Property Type

Residential
Lot/Acreage
0.29

Year Built

2015

County

Bay

Area

03 - Bay County - Beach

 Neighborhood

[No Recorded Subdiv]

Listing ID

784135

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:9
  • ▪ Bathrooms:7
  • ▪ Full Bathrooms:7
Appliances:Convection Oven, Washer/Dryer Stacked, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
Air Cond:Central Air
Fireplaces:

Exterior Features

Lot Dimensions:50x250
Zoning:County, Resid Single Family
Roof:Metal
Others:
  • ▪ Additional:Covered Patio, Deck, Patio, Outdoor Shower
Sewer:Public Sewer
Principal Interest
$22,772
Taxes
$1,920

Home Price

$4,490,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$898,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$22,772.43

Principal

Taxes

Principal Taxes HOA Total
Monthly $22,772.43 $1,920.25 $0.00 $24,692.68
Yearly $273,269.19 $23,043.00 $0.00 $296,312.19
Total $8,198,075.82 $691,290.00 $0.00 $8,889,365.82

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Panama City, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T09:45:57.000Z

© 2026 Bay County Association of REALTORS