5903 Gulf DR Panama City, FL 32408
3 Beds
2 Baths
1,296 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,296 sqft
Price per Sqft $1,465
Subdivision Gulf Lagoon Beach
MLS Listing ID 797757
Style Coastal
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1982
Annual Tax Amount $8,599
Tax Year 2025
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Single Family Residence
Property Description
Enjoy the beachfront from the upper-level balcony off the main family room or the lower-level deck adjoining the second bedroom, with direct access to the sand. A private boardwalk connects the front porch to the shore, with an outdoor rinse shower for easy beach cleanup. Two new custom beach loungers and a premium faux-thatched palapa umbrella complete the waterfront setting.
Extensive improvements include a complete GAF roof system with new decking and fascia installed in July 2025, backed by a 15-year wind and material warranty. Exterior upgrades include a Tyvek vapor barrier, HardiePlank siding and trim, freshly caulked windows, Sherwin-Williams paint, and decks sealed with SuperDeck marine stain. A new Siemens 200-amp electrical panel and corrosion-resistant copper wiring were installed in 2025, while custom solar film on all windows helps manage heat gain. The property also passed professional four-point and wind mitigation inspections in 2025.
Inside, luxury vinyl plank flooring runs throughout, complemented by fresh paint, updated ceiling fans and bathroom lighting, smart TVs, upgraded Wi-Fi, and custom security features. A 3D glass electric fireplace with color-changing flames and optional heat anchors the main living area. Updated furnishings and accessories enhance the family room, dining room, and bedrooms.
Previously remodeled kitchen and bathrooms complement the turnkey offering, which includes an electric range, microwave, dishwasher, refrigerator, washer, and dryer. The three-bedroom layout sleeps up to 11, with a private second-floor primary suite with a spacious King bed and a full bath. The first floor features a full bath, custom twin XL bunks with trundle, a newer queen mattress in the bedroom, and a queen sleeper sofa.
Mature palms, an 8-by-40-foot privacy fence, covered porch areas, and private driveway parking add comfort and convenience. Both beach decks feature custom cable railings and premium Sunbrella outdoor furniture.
The property has no HOA fees and grandfathered flood mapping status. An established daily and weekly rental operation has consistently booked more than 200 days annually, with documented income available upon request.
Minutes from St. Andrews State Park, Shell Island, marinas, public boat access, and waterfront dining, The Palapa House pairs direct beachfront living with extensive recent improvements and an established rental history.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Interior Features Tub Shower
Heating Central, Ductless, Electric, Fireplace(s)
Cooling Central Air, Ceiling Fan(s), Ductless
Flooring Plank, Vinyl
Fireplaces Type Electric
Fireplace Yes
Appliance Electric Range, Electric Water Heater
Exterior
Exterior Feature Covered Patio, Outdoor Shower
Fence Partial
Community Features Short Term Rental Allowed
Utilities Available Cable Connected, High Speed Internet Available
Waterfront Description Gulf,Shoreline - Sand
View Y/N Yes
Water Access Desc Gulf,Shoreline - Sand
View Gulf
Roof Type Shingle
Porch Deck, Balcony
Private Pool No
Building
Lot Description Paved
Story 2
Entry Level Two
Foundation Pillar/Post/Pier
Sewer Public Sewer
Architectural Style Coastal
Level or Stories Two
Additional Building Other
New Construction No
Stories 2
Floor Plan Two
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Restrictions Short Term Rentals Allowed
Tax ID 30571-010-000
Security Features Carbon Monoxide Detector(s),Security Lights,Smoke Detector(s)
Special Listing Condition Listed As-Is