8221 Surf Drive, Panama City, FL 32408 (MLS# 789630)

8221 Surf Drive, Panama City, FL 32408

New Listing

$3,500,000

Virtual Tour

https://app.cloudpano.com/tours/_d6kvWK46?mls=1

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Property Type: Residential Bedrooms: 8 Baths: 8 Square Footage: 5,320 Lot Size (sq. ft.): 7,405 Status: Active

Current Price: $3,500,000 List Date: 5/08/2026 Last Modified: 5/09/2026

Overview

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 functionali … (Read more)

Listing Details MLS# 789630

Contract Info

List Price/SqFt: 657.89

Location

Area: 03 – Bay County – Beach
Street #: 8221
Street Name: Surf
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Sugar Shack Condo
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Parcel ID: 30235-201-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Head west on Thomas drive. Turn south on Cobia street then turn right on Surf Drive. The Property will be on your left.
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

General Property Info

Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 5320
SqFt Source: Prop App Site
Full Baths: 8
Total Baths: 8
# of Stories in Building: 2
# of Units in Bldg: 4
Units Above Ground: 4
Year Built: 1999
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Covered Spaces: 3
Driveway Spaces: 4
Lot Dimensions: 25'x136'x25'x136'
Acreage: 0.17
Lot Size (SqFt): 7405
Beach Frontage: 50
Pool: Yes
Pool Type: Private

Waterfront Feature

Waterfront Feet: 50
Shore – Beach: Yes

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 6283
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: 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.

More Information

Pool Features

Fenced: Yes
Gunite Concrete: Yes
Inground: Yes

Appliances

Cooktop – Electric: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Oven – Electric: Yes
Range – Electric: Yes
Refrigerator: Yes
Washer: Yes
Washer/Dryer Stacked: Yes
Water Heater – Electric: Yes

Interior Features

Breakfast Bar: Yes
Floor – Vinyl Plank: Yes
Stairs: Yes

Construction/Siding

Foundation – On Piling: Yes
Roof – Composite Shngl: Yes
Siding – Vinyl: Yes

Exterior

Balcony: Yes
Deck Open: Yes
Fenced Lot-Part: Yes
Shower: Yes
Storm Windows: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Furnished: Yes

Lot Features

Near Public Boat Ramp: Yes
Waterfront: Yes
Within 1/2 Mile to Water: Yes

Lot Access

County Road: Yes
Paved Road: Yes

Parking Features

Carport Attached: Yes
Driveway: Yes
Gated: Yes

Mstr Bath / Mstr Bdrm

MBath Double Vanity: Yes
MBath Shower/Tub Combo: Yes

Present Zoning

Resid Single Family: Yes

Association Amenities

Beach: Yes
Pool: Yes

Rooms

Bedroom: Yes

Showing

ShowingTime: Yes

Utilities

Cable – Available: Yes
Electricity – Connected: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Waterview

Gulf: Yes

Sale Type

As Is: Yes

Waterfront Type

Gulf: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Heating

Central: Yes
Electric: Yes

Security Features

Smoke Detector(s): Yes

Property Features

Appliances: Cooktop – Electric; Dishwasher; Disposal; Dryer; Microwave; Oven – Electric; Range – Electric; Refrigerator; Washer; Washer/Dryer Stacked; Water Heater – Electric Cooling: Ceiling Fan(s); Central Air; Electric Heating: Central; Electric Exterior: Balcony; Deck Open; Fenced Lot-Part; Shower; Storm Windows Financing: Cash; Conventional Furnished: Furnished Lot Features: Near Public Boat Ramp; Waterfront; Within 1/2 Mile to Water Lot Access: County Road; Paved Road Pool Features: Fenced; Gunite Concrete; Inground Security Features: Smoke Detector(s) Parking Features: Carport Attached; Driveway; Gated Association Amenities: Beach; Pool Rooms: Bedroom Sale Type: As Is Showing: ShowingTime Utilities: Cable – Available; Electricity – Connected; Public Sewer – Connected; Public Water – Connected Waterfront Type: Gulf Waterfront Feature: Shore – Beach Waterview: Gulf Present Zoning: Resid Single Family

Room Information

Room Name	Dimensions	Length	Width	Remarks
Bedroom	15 x 15	15.00	15.00	Buyer to verify measurements
Bedroom	15 x 15	15.00	15.00	Buyer to verify measurements
Bedroom	15 x 15	15.00	15.00	Buyer to verify measurements
Bedroom	15 x 15	15.00	15.00	Buyer to verify measurements
Bedroom	15 x 15	15.00	15.00	Buyer to verify measurements
Bedroom	15 x 15	15.00	15.00	Buyer to verify measurements
Bedroom	15 x 15	15.00	15.00	Buyer to verify measurements
Bedroom	15 x 15	15.00	15.00	Buyer to verify measurements

Listing Office: Keller Williams Success Realty

Last Updated: May – 09 – 2026

Information deemed reliable but not guaranteed.