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$4,500,000

Beds
9
Baths
7.0
sq ft
4,537

5409 Gulf Dr, Panama City, FL 32408

5409 Gulf Dr

Panama City, FL 32408

  • 51 days on market
''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 2025! 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!

Details

Property type

Single Family Residence

Est. home value

$1,992,386

Lot size

0.29 acres

Price per sq ft

$992

Year built

2015

Annual property taxes

$21,853

HOA

No

Price History

02/14/2025
CentralPanhandle

CentralPanhandle #768512

Listed
$4,500,000
+800%
10/07/2013
CentralPanhandle

CentralPanhandle #600846

Sold
$500,000

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Rocket Mortgage Llc

Loan start date

November 2021

Original loan amount

$587,630

Est. remaining balance

$545,198

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Benjamin I Golden

Lender

Gulf Coast Bank & Trust Co

Loan start date

March 2020

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

3.24%

Loan type

Credit Line (Revolving), 1 year

Seller

Benjamin I Golden

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/31/2025 at 8:55 PM

Listing updated: 02/14/2025 at 4:19 AM

Listed by: Fred W Thomas, Beach Time Realty, Inc Phone #: (850) 381-3156

MLS: CentralPanhandle #768512

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