8221 Surf Drive, Panama City, FL 32408
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  • MLS#: 789630 ( Residential )
  • Street Address: 8221 Surf Drive
  • Viewed: 12
  • Price: $3,500,000
  • Price sqft: $658
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Gulf,ShorelineSand
  • Year Built: 1999
  • Bldg sqft: 5320
  • Bedrooms: 8
  • Total Baths: 8
  • Full Baths: 8
  • Days On Market: 3
  • Additional Information
  • Geolocation: 30.1629 / -85.7847
  • County: BAY
  • City: Panama City
  • Zipcode: 32408
  • Subdivision: Sugar Shack Condo
  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold
  • Provided by: Keller Williams Success Realty
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  • Description
    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 white 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.
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Features
Building and Construction
  • Covered Spaces: 3.00
  • Exterior Features: Deck, OutdoorShower
  • Fencing: Partial
  • Living Area: 0.00
  • Roof: Composition, Shingle
Land Information
  • Lot Features: Paved
School Information
  • High School: Arnold
  • Middle School: Surfside
  • School Elementary: Patronis
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Gated
Eco-Communities
  • Pool Features: Fenced, Gunite, InGround, Community, Private
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, CeilingFans
  • Heating: Central, Electric
  • Sewer: PublicSewer
  • Utilities: ElectricityAvailable
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2025
  • Trash Expense: 0.00
Other Features
  • Appliances: WasherDryerStacked, ElectricCooktop, ElectricOven, ElectricRange, ElectricWaterHeater
  • Interior Features: InteriorSteps
  • Legal Description: 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
  • Levels: Two
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Tenant
  • Parcel Number: 30235-201-000
  • Style: Coastal
  • The Range: 0.00
  • View: Gulf
  • Views: 12