8524 Surf Drive, Panama City, FL 32408
New Listing
$3,400,000
Property Type:
Commercial for Sale
Square Footage:
4,740
Lot Size (sq. ft.):
21,780
Status:
Active
Current Price:
$3,400,000
List Date:
4/23/2026
Last Modified:
4/24/2026
Listing Details MLS# 788821
Contract Info
- List Price/SqFt
- 717.3
- Sub-Type
- Hotel/Motel
Location
- Area
- 03 – Bay County – Beach
- Street #
- 8524
- Street Name
- Surf
- Street Suffix
- Drive
- State
- FL
- Zip Code
- 32408
- County
- Bay
- Sub Area
- 0323 – Beach – South of Grand Lagoon
- Subdivision
- Bel Air 1st Add
- Community/Resort
- None
- Waterfront
- No
- Parcel ID
- 30446-010-000
- Elementary School
- Breakfast Point
- Middle School
- Breakfast Point
- High School
- Arnold
- Directions
- From Thomas Drive, turn south on Bonita Street. Turn right onto Surf Drive. Property is on the right.
- Legal Description
- BEL AIR 1ST ADD LOT 10 LESS S 70' AND LOTS 11 & 12 BLK A ORB 4574 P 21
General Property Info
- List Class
- Motel/Hotel
- Immediate Occupancy
- Yes
- Construction Status
- Construction Complete
- # of Units
- 6
- # of Stories in Building
- 2
- Site Dimensions
- 170×150
- Acreage
- 0.5
- SqFt HVAC
- 4740
- SqFt Tot Bldg
- 4740
- Year Built
- 1962
Listing Info, Tax and Legal
- HOA Fee
- No
Remarks & Misc
- Remarks
- Exceptional Investment Opportunity in a Prime Beachfront Setting. Notably, it boasts the only beach view from the north side of Surf Drive–an unmatched feature that sets it apart. Embrace the charm of Old Florida with this rare 6-unit motel situated on over half an acre in one of the most desirable locations along Surf Drive. Rich in character and coastal appeal, this income-producing property offers a unique blend of nostalgia and modern potential. Currently operating as a turnkey business, this thriving Bed and Breakfast is fully furnished and well maintained, providing immediate income with strong demand driven by Panama City Beach's thriving tourism market. Guests enjoy convenient beach access just steps away, along with walkable proximity to dining, entertainment, and local attractions. The expansive lot and high-intensity zoning present exceptional redevelopment opportunities. Whether you envision expanding the existing footprint, creating a boutique lodging experience, or developing single-family or multi-family residences, the possibilities are wide open. With its prime location, steady rental potential, and rare development flexibility, this property is an outstanding opportunity for investors seeking both current cash flow and long-term upside in a highly sought-after coastal market.
More Information
Office/Member Info
- Seller Concessioins
- No
Construction/Siding
- Roof – Shingle/Shake
- Yes
- Siding – Stucco
- Yes
- Trim – Wood
- Yes
Energy
- AC – 2 or More
- Yes
- Heat – Central Electric
- Yes
- Water Heater – Electric
- Yes
Other Structures
- Outbuilding
- Yes
- Workshop
- Yes
Financing
- Cash
- Yes
- Conventional
- Yes
Present Zoning
- Resid Multi-Family
- Yes
Utilities
- All Utilities
- Yes
Waterview
- Gulf
- Yes
Sale Type
- As Is
- Yes
Floors in Unit/Home
- Two
- Yes
Heating/Cooling
- AC – Central
- Yes
- Heat – Central Electric
- Yes
Hotel/Motel
- Year Built
- 1962
- Building SqFt
- 6426
- # of Rooms
- 6
- # of Floors
- 2
Offering Type
- Sale Only
- Yes
Pricing Type
- Sale Price
- Yes
Site Description
- Aerials Available
- Yes
- Cleared
- Yes
- Level
- Yes
Transport. Access
- City Road
- Yes
- Paved
- Yes
Property Features
Energy:
AC – 2 or More; Heat – Central Electric; Water Heater – Electric
Financing:
Cash; Conventional
Offering Type:
Sale Only
Other Structures:
Outbuilding; Workshop
Pricing Type:
Sale Price
Present Zoning:
Resid Multi-Family
Sale Type:
As Is
Site Description:
Aerials Available; Cleared; Level
Utilities:
All Utilities
Waterview:
Gulf
Listing Office:
Beachy Beach Real Estate
Last Updated: April – 24 – 2026
Information deemed reliable but not guaranteed.