Active

8221 Surf Drive

Panama City, FL 32408
Mark as Favorite
Bed 8

Bed

Bath 8

Bath

Acres0.17

Acre(Lot)

An exceptional Gulf-front investment opportunity where luxury meets income potential. With more than $330,000 in proven rental income in 2025. This stunning coastal property features four beautifully appointed two-bedroom units, offering a total of 8 bedrooms and 8 full bathrooms, all thoughtfully designed to maximize comfort, style, and revenue. Perfectly positioned directly on the Gulf, the property showcases breathtaking Panama City Beach sunsets and uninterrupted water views from private balconies for every unit, creating an unforgettable experience for guests and owners alike. A Gulf-front pool provides the ultimate setting for relaxation, while the pristine white sand beach is just steps away. Inside, each residence is finished with upscale coastal touches, including gorgeous w hite oak luxury vinyl plank flooring, open-concept kitchens, and striking shiplap ceilings that enhance the bright, airy atmosphere throughout. The layout of each unit is designed for both functionality and entertaining, making it ideal for short-term rentals or multi-family use. On the ground level, covered parking beneath the home offers both convenience and additional entertainment space, complete with grilling areas, tables, games, and gathering spots--perfect for hosting guests and creating memorable beachside experiences. With rental projections reaching as high as $385,000 per year, this property presents a rare opportunity to own a premier Gulf-front income-producing asset in one of Panama City Beach's most desirable locations. Whether you're expanding your portfolio or seeking a luxury coastal retreat with exceptional returns, this one-of-a-kind property delivers the perfect blend of location, lifestyle, and long-term value.

Read More Expand

Detail Ic Property Details

Property Type : Residential

Price : $3,500,000

AD Id : 78235575

MLS Id : 789630

Beds : 8

Lot Size : 0.17 Acre

Year Built : 1999

County : Bay

Subdivision: Bay Island

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 8 Full Baths: 8

    Room Information

    Rooms Total: 20

    Roofing Information

    Composition, Shingle
  • Interior Features

    InteriorSteps
    Roof: Composition, Shingle
    Appliances: WasherDryerStacked, ElectricCooktop, ElectricOven, ElectricRange, ElectricWaterHeater
    Laundry Features: Stacked
    Window Features: StormWindows
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir, CeilingFans Water front: 1

  • Building Information

    Year Built: 1999
    Building Area Total: 5320
    Construction Materials: VinylSiding
    Stories: 2
    Patio And Porch Features: Balcony, Deck
    Pool Features: Fenced, Gunite, InGround, Community, Private
    Private Pool: Yes
    Water front Features: Gulf,ShorelineSand
    View: Gulf
  • Exterior Features

    Exterior Features: Deck, OutdoorShower

  • Lot Information

    Lot Dimensions: 25'x136'x25'x136' Main Square Feet: 0.17 Lot Size Acres: 0.17 Lot Size Square Feet: 7,405 Lot Description: Paved

    Property Information

    Subdivision: Sugar Shack Condo Source Property Type: Residential MLS Area Minor: 0323 - Beach - South of Grand Lagoon Zoning Description: Resid Single Family Property SubType: Single Family Residence Levels: Two Property Age: 27

  • Listing Price Information

    Listing Price: $3500000

  • Tax Information

    Parcel Number: 30235-201-000 Tax Year: 2025 Annual Tax: $6283 Tax Legal Desc: SUGAR SHACK CONDO UNIT # 1 ORB 4466 P 1404 4BR 4B, SUGAR SHACK CONDO UNIT # 2 ORB 1901 P 1262 4BR 4B ORB 4466 P 1320

  • School Information

    Elementary School: Patronis Junior High School: Surfside Senior High School: Arnold
  • Utility Information

    ElectricityAvailable
  • Location Information

    Direction: Head west on Thomas drive. Turn south on Cobia street then turn right on Surf Drive. The Property will be on your left. Security Features: SmokeDetectors
Sell a home like this and save $209,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/08/2026 @ 07:11

MLS: 789630 LISTED BY: The Jarrett Group, Keller Williams Success Realty 850-249-0313 SOURCE: CPAR

Selling? Save $209,501 when you sell a home like this

Tour with a ByOwner Agent