8221 Surf Drive , Panama City, FL 32408

$3,500,000
  • 8221 Surf Drive , Panama City, FL 32408 Main Photo

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New to the Market Active
BEDS8 BATHS8 full SQUARE FEET5,320 MLS#789630
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONSugar Shack Condo

Property 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.

8221 Surf Drive | MLS# 789630

This single family home located at 8221 Surf Drive , Panama City, FL 32408 is currently listed for sale with an asking price of $3,500,000. This property was built in 1999 and has 8 bedrooms and 8 full baths with 5320 sq. ft. Surf Drive is located in the Sugar Shack Condo subdivision. Search Sugar Shack Condo real estate on sherrymyers.premierfl.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air, Ceiling Fan(s)
Fenced: Yes
Heating: Central, Electric
Home Style: Coastal
Lot Size: 0.17 Acres
Roof Type: Composition, Shingle
Stories: 2.0
Taxes: $6,283
Year Built: 1999

Amenities

Interior Steps
Deck
Outdoor Shower

Feature Descriptions

Appliances: Washer/Dryer Stacked, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
Community Features: Beach, Pool, Short Term Rental Allowed
Days on Site: 4
Exterior: Vinyl Siding
Fencing: Partial
Laundry: Stacked
Lot: Paved
Lot Dimensions: 25'x136'x25'x136'
Parcel#: 30235-201-000
Parking: Gated
Parking Notes: Gated
Patio/Porch: Balcony, Deck
Pool: Fenced, Gunite, In Ground, Community, Private
Security: Smoke Detector(s)
Sewer: Public Sewer
Special View Info: Gulf
Swimming Pool: Yes
Units: 4
Utilities: Electricity Available
Waterfront: Gulf, Shoreline - Sand
Window: Storm Window(s)

Room Sizes

Bedroom: 15 X 15
Bedroom: 15 X 15
Bedroom: 15 X 15
Bedroom: 15 X 15
Bedroom: 15 X 15
Bedroom: 15 X 15
Bedroom: 15 X 15
Bedroom: 15 X 15

Local Schools

High School: Arnold
Middle School: Surfside
Elementary School: Patronis

Listed By / Shown By

Listed By

Agency Name: Keller Williams Success Realty

Shown By

Agent Name: Sherry Myers
Agent Phone: (205) 454-0906
Agency Title: Premier Property Group

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Estimated Payment

$ 9,333.90 per month $7,789.48 Principal & Interest $523.58 Property Tax $1,020.83 Homeowner's Insurance

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