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Back 5940 Gulf Drive
Off Market

5940 Gulf Drive

Lower Grand Lagoon FL 32408

5
7
1
4090 sq. ft.
5358 sq. ft.
Single-Family
Last sold for $2,800,000
Ashley CutchinsAshley Cutchins, last sold this property on 17 July 2026 after 374 days on market.

Overview

Introducing a rare opportunity in Hadley's Beach an ultra exclusive, low density Gulf front community in Panama City Beach, where only ten first tier homes exist... and opportunities like this almost never come to market. Priced at $2.99M and capable of generating up to $250,000 annually, this newly constructed three story retreat isn't just a luxury home. It's a high-performing coastal asset designed to deliver both lifestyle and income in one irreplaceable location. And now, with owner financing available, the path to ownership becomes even more accessible. Step inside and the experience begins immediately. The first level welcomes guests with a private suite and a relaxed secondary living space ideal for maximizing rental flexibility and privacy. Expansive glass doors open to a covered outdoor kitchen and lounge, creating a seamless flow into the backyard retreat, where a heated saltwater pool, sun shelf, and swim deck offer a resort style experience just steps from the Gulf. Upstairs, the second floor is where the home truly opens up. Soaring 12-foot ceilings and floor-to-ceiling windows frame uninterrupted Gulf views, flooding the open concept living and dining area with natural light. The chef's kitchen is built for both entertaining and efficiency, featuring high end appliances, premium finishes, and an oversized island that anchors the space. A guest bedroom and additional baths on this level provide flexibility for both personal use and rental demand. The third floor is designed for capacity, comfort, and repeat bookings. Two Gulf facing primary suites deliver private balconies and spa style baths. Creating a premium experience guests will return for year after year. A custom bunk room adds high value sleeping capacity for families, while an additional guest suite ensures every visitor has space and privacy. With 5 bedrooms, 6.5 bathrooms, a dedicated bunk room, and multiple living areas across all three levels, the layout is engineered for high occupancy short term rental performance without sacrificing luxury. Every detail has been considered to maximize both ease and income: A full fire suppression system meeting STR requirements, a garage and oversized driveway accommodating 5+ vehicles, and an EV charger. All designed to support today's high end renter expectations while reducing ownership friction. But what truly sets this property apart cannot be duplicated: Hadley's Beach is one of the only communities of its kind on Panama City Beach low density, Gulf front, and tightly held. That means limited competition, consistent demand, and a level of exclusivity that protects both your experience and your investment. Whether you're seeking a luxury second home, a full time coastal residence, or a property that performs as beautifully financially as it does visually, this home offers something rare: A beachfront lifestyle that doesn't just cost you it contributes to you.

Features

5 bedrooms
7 bathrooms
1 carspace
1 garage space
4090 sq. ft. floor area
5358 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 5 bedroom single-family properties sold in Lower Grand Lagoon over the last 12 months, the estimated median property value of 5940 Gulf Drive is $882.5k.

Median value
$882.5k
Estimated value range
$475k - $3m
Median days on market
132
Estimated value trend
-6%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Lower Grand Lagoon. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5940 Gulf Drive

2026
Sold
$2,800,000
17 Jul 2026 by Ashley Cutchins, of Miller & Associates Realty

Happy sellers in Lower Grand Lagoon

91%
91% of sellers in Lower Grand Lagoon reported that their sale price either exceeded or met their price expectations.

Lower Grand Lagoon stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 35 reviews in Lower Grand Lagoon over the last 12 months.

Local market activity for 5 bedroom single-family properties in Lower Grand Lagoon

In the last 12 months, 16 five-bedroom single-family properties similar to 5940 Gulf Drive, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lower Grand Lagoon

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Zack Seltzer

Zack Seltzer is an award winning recommended agent for Lower Grand Lagoon.  They have 28 local sales and collected 10 local reviews across the last 12 months.

  •   5   (68 reviews)
  •  10 Reviews in Lower Grand Lagoon
  •  28 Sales in Lower Grand Lagoon
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Alice de La Penha

Alice de La Penha is an award winning recommended agent for Lower Grand Lagoon.  They have 20 local sales and collected 7 local reviews across the last 12 months.

  •   5   (148 reviews)
  •  7 Reviews in Lower Grand Lagoon
  •  20 Sales in Lower Grand Lagoon
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Sean Casilli

Sean Casilli is a recommended agent for Lower Grand Lagoon.  They have collected 6 local reviews across the last 12 months.

  •   5   (21 reviews)
  •  6 Reviews in Lower Grand Lagoon
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Tyler S Smith

Sellers who recommend Tyler S Smith have praised them for being local expert, clear communication, responsive, great negotiation, detail-oriented, well-prepared, and proactive

  •   5   (73 reviews)
  •  6 Reviews in Lower Grand Lagoon
  •  6 Sales in Lower Grand Lagoon
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