5409 Gulf Dr Lower Grand Lagoon, FL 32408
Estimated payment $26,340/month
Total Views
56,301
9
Beds
7
Baths
4,537
Sq Ft
$992
Price per Sq Ft
Highlights
- Hot Property
- Property fronts gulf or ocean
- 0.29 Acre Lot
- Patronis Elementary School Rated A-
- Heated In Ground Pool
- Coastal Architecture
About This Home
''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!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $21,853
Year Built
- Built in 2015
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 50x250
- Property fronts gulf or ocean
- Zoning described as County,Resid Single Family
Parking
- Driveway
Home Design
- Coastal Architecture
- Pillar, Post or Pier Foundation
- Metal Roof
- HardiePlank Type
Interior Spaces
- 4,537 Sq Ft Home
- 3-Story Property
- Furnished
- Double Pane Windows
- Family Room
- Living Room
- Dining Room
- Gulf Views
- Stacked Washer and Dryer
Kitchen
- Convection Oven
- Electric Oven
- Electric Cooktop
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Full Bathrooms
Home Security
- Storm Windows
- Fire and Smoke Detector
Accessible Home Design
- Accessible Full Bathroom
- Accessible Bedroom
- Accessible Common Area
- Accessible Kitchen
- Kitchen Appliances
- Accessible Closets
Pool
- Heated In Ground Pool
- Gunite Pool
- Fence Around Pool
- Outdoor Shower
Outdoor Features
- Balcony
- Covered Patio or Porch
Schools
- Patronis Elementary School
- Surfside Middle School
- Arnold High School
Utilities
- Central Heating and Cooling System
- 220 Volts
- Electric Water Heater
- High Speed Internet
Community Details
- No Home Owners Association
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $20,704 | $1,661,869 | -- | -- |
| 2023 | $20,704 | $1,510,790 | $1,068,375 | $766,136 |
| 2022 | $16,569 | $1,373,445 | $0 | $0 |
| 2021 | $15,014 | $1,248,586 | $526,140 | $722,446 |
| 2020 | $14,464 | $1,185,652 | $459,540 | $726,112 |
| 2019 | $13,955 | $1,129,378 | $399,600 | $729,778 |
| 2018 | $13,193 | $1,050,827 | $0 | $0 |
| 2017 | $12,813 | $1,013,501 | $0 | $0 |
| 2016 | $12,666 | $983,531 | $0 | $0 |
| 2015 | $3,076 | $233,100 | $0 | $0 |
| 2014 | $2,985 | $226,440 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/14/2025 02/14/25 | For Sale | $4,500,000 | +800.0% | $992 / Sq Ft |
| 06/20/2022 06/20/22 | Off Market | $500,000 | -- | -- |
| 10/07/2013 10/07/13 | Sold | $500,000 | -14.5% | -- |
| 10/01/2013 10/01/13 | Pending | -- | -- | -- |
| 07/26/2012 07/26/12 | For Sale | $585,000 | -- | -- |
Source: Central Panhandle Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $652,000 | Attorney | |
| Warranty Deed | $500,000 | Blue Title Llc | |
| Personal Reps Deed | $875,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $587,630 | New Conventional | |
| Closed | $250,000 | Credit Line Revolving | |
| Closed | $570,000 | New Conventional | |
| Closed | $569,500 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $200,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
About the Listing Agent
Beach Time Realty sold 5 of top 6 homes in 2024. Our Beach Time Realty team leads PCB year in and year out on the sale of quality Gulf Front Homes!
My name is Fred William Thomas Jr. I am a Christian, a father, and a husband. I have coached High School Football for 30 years in the Panhandle of Florida. In 2018, I got my real estate license and joined my father's team with Beach Time Realty. I have lived the majority of my life on the coast in the Panhandle. My wife and I moved to Panama City
Fred's Other Listings
Source: Central Panhandle Association of REALTORS®
MLS Number: 768512
APN: 32285-000-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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