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

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 ...

Supplements: 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-t ...

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.