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Harrison Lilly

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

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5518 Gulf Dr , Panama City, FL 32408
$1,399,000
Est. Payment: $7,095.46/mo
4 Bed
4 Bath
2414 Sqft
Status: active | Days on site: 125
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

Gulf views, directly across from the beach AND beach access--5518 Gulf Drive offers the ideal blend of location, space, and flexibility, making it ideal as second home rental investment, with the benefit of no HOA. Situated on a large corner lot on the east end of Panama City Beach, this home is designed with both comfort and functionality in mind. Newer construction and featuring a spacious living and kitchen area that opens to a private pool and a large patio with both covered and uncovered spaces--perfectly blending indoor and outdoor living for easy gathering and entertaining.The thoughtful layout includes two primary suites, along with two additional bedrooms with en suite baths, and 2 sets of full bunks - enhancing it's versatility to host large groups without sacrificing privacy. The private pool makes this a true vacation-style setting, while the front porch and expansive second-floor deck offer additional outdoor living spaces to enjoy Gulf views and coastal breezes. The corner lot provides ample parking--a rare and valuable feature this close to the beach. With short-term rentals allowed, a highly functional floor plan, and a location just moments from the sand, this property presents an exceptional opportunity to own your piece of paradise at the beach!

Highlights

Listed by Alexandra Maddox , 850-238-6168 The Premier Property Group , 850-213-5000. Bay County Association of REALTORS

Property Type

Residential

Lot/Acreage
0.13

Year Built

2019

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Gulf Lagoon Beach

Listing ID

787812

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:4
  • Full Bathrooms:3
  • 1/2 Bathrooms:1
Appliances:Electric Oven, Electric Range, Tankless Water Heater
Air Cond:Ceiling Fan(s)
Fireplaces:
Other:
  • Additional:Double Vanity, Main Level Primary, Separate Shower, Walk-In Closet(s)

Exterior Features

Lot:Paved
Lot Dimensions:50x118
Zoning:Resid Single Family
Roof:Metal
Others:
  • Additional:Covered Patio, Deck, Patio, Outdoor Shower
Parking Features:Additional Parking
Principal Interest
$7,095
Taxes
$1,079

Home Price

$1,399,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$279,800
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:
$7,095.46

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,095.46 $1,078.50 $0.00 $8,173.96
Yearly $85,145.57 $12,942.00 $0.00 $98,087.57
Total $2,554,367.05 $388,260.00 $0.00 $2,942,627.05

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: 2026-08-20T06:33:19.000Z

© 2026 Bay County Association of REALTORS