8221 Surf Drive, Panama City Beach, FL 32408
New Listing
$3,500,000
Property Type:
Residential
Bedrooms:
8
Baths:
8
Square Footage:
5,320
Status:
Active
Current Price:
$3,500,000
List Date:
5/11/2026
Last Modified:
5/11/2026
Overview
Description
...
(Read more)
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
Supplements: ... (Read more) 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.
Listing Details MLS# 1002814
Contract Info
- List Price/SqFt
- 657.89
- Listing Board
- Emerald Coast
Location Tax and Legal
- Area
- 27 - Bay County
- Street #
- 8221
- Street Name
- Surf
- Street Suffix
- Drive
- State
- FL
- Zip Code
- 32408
- County
- Bay
- Project Name/Subdivision
- Sugar Shack Condo
- Parcel ID
- 30235-201-000
General Property Info
- Sub-Type
- Detached Single Family
- Design
- Beach House
- Apx SqFt(Htd/Cooled)
- 5320
- SqFt Source
- County PA Records
- Full Baths
- 8
- Total Bathrooms
- 8
- # Stories
- 2
- Year Built
- 1999
- Garage
- No
- Carport
- Yes
- Carport Spaces
- 3
- Covered Spaces
- 3
- Street Spaces
- 4
- userdefined76
- 7
- Pool
- Yes
- Pool Type
- Private
Waterfront
- Waterfront Feet
- 50
- Gulf
- Yes
- Shore - Beach
- Yes
Location, Tax and Legal
- Sub Area
- 2723 - Beach - South of Grand Lagoon
- Elementary School
- Patronis
- Middle School
- Surfside
- High School
- Arnold
- Legal Description
- Sugar Shack Condo Unit # 1 Orb 4466 P 1404 4Br 4B
More Information
Listing Info, Tax & Legal
- Is Subject Leased
- No
- Assessment Fees
- No
- New Buyer Fee
- No
- Last Taxes
- 6282.98
- 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
Construction Status
- Construction Complete
- Yes
Parking Features
- Carport Attached
- Yes
Waterview
- Gulf
- Yes
Lot/Parcel Access
- County Road
- Yes
- Paved Road
- Yes
Lot Features
- Within 1/2 Mile to Water
- Yes
Project Facilities
- Beach
- Yes
- Picnic Area
- Yes
- Pool
- Yes
- Short Term Rental - Allowed
- Yes
Construction/Siding
- Foundation On Piling
- Yes
- Roof Composite Shngl
- Yes
- Siding Vinyl
- Yes
Utilities
- Electric
- Yes
- Public Sewer
- Yes
- Public Water
- Yes
Zoning
- Resid Single Family
- Yes
Exterior
- Balcony
- Yes
- BBQ Pit/Grill
- Yes
- Pool - Gunite Concrt
- Yes
- Pool - In-Ground
- Yes
Interior
- Breakfast Bar
- Yes
- Furnished - All
- Yes
Financing
- Conventional
- Yes
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Smoke Detector
- Yes
Energy
- AC - Central Elect
- Yes
- Ceiling Fans
- Yes
- Water Heater - Elect
- Yes
Mstr Bdrm/Mstr Bath
- MBath Double Vanity
- Yes
- MBath Tile
- Yes
Bedroom
- First
- Yes
- Second
- Yes
Rooms
- Bedroom
- Yes
- Great Room
- Yes
Property Features
Construction Status:
Construction Complete
Lot Features:
Within 1/2 Mile to Water
Zoning:
Resid Single Family
Waterfront:
Gulf; Shore - Beach
Waterview:
Gulf
Parking Features:
Carport Attached
Project Facilities:
Beach; Picnic Area; Pool; Short Term Rental - Allowed
Exterior:
Balcony; BBQ Pit/Grill; Pool - Gunite Concrt; Pool - In-Ground
Interior:
Breakfast Bar; Furnished - All
Appliances:
Dishwasher; Dryer; Microwave; Refrigerator; Smoke Detector
Utilities:
Electric; Public Sewer; Public Water
Energy:
AC - Central Elect; Ceiling Fans; Water Heater - Elect
Bedroom:
First; Second
Rooms:
Bedroom; Great Room
Financing:
Conventional
Room Information
| Room Name | Level | Dimensions | Length | Width | Remarks |
|---|---|---|---|---|---|
| Bedroom | First | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Bedroom | First | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Bedroom | First | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Bedroom | First | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Bedroom | Second | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Bedroom | Second | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Bedroom | Second | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Bedroom | Second | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Great Room | First | 20 x 20 | 20.00 | 20.00 | buyer to verify |
| Great Room | Second | 20 x 20 | 20.00 | 20.00 | buyer to verify |
Listing Office:
Keller Williams Success Realty
Last Updated: May - 11 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.