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

List Price/SqFt: 657.89

Status: Active

List Date: 2026-04-23

List Price: $3,500,000

Current Price: $3,500,000

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: Yes

Gulf Access: Yes

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.

Area: 03 - Bay County - Beach

Street #: 8221

Street Name: Surf

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Sugar Shack Condo

Parcel ID: 30235-201-000

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

Acreage: 0.17

Design: Beach House

Lot Size (SqFt): 7405

Apx SqFt(Htd/Cooled): 5320

Construction Status: Construction Complete

SqFt Source: Prop App Site

# of Stories in Building: 2

# of Units in Bldg: 4

Units Above Ground: 4

Lot Dimensions: 25'x136'x25'x136'

New Construction: No

Garage Y/N: No

Beach Frontage: 50

Covered Spaces: 3

Driveway Spaces: 4

Pool: Yes

Pool Type: Private

Sub-Type: Detached Single Family

Bedrooms: 8

Full Baths: 8

Total Baths: 8

Year Built: 1999

HOA Fee: No

New Buyer Fee: No

Last Taxes: 6283

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

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.

Fenced: 1

Gunite Concrete: 1

Inground: 1

Cooktop - Electric: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Microwave: 1

Oven - Electric: 1

Range - Electric: 1

Refrigerator: 1

Washer: 1

Washer/Dryer Stacked: 1

Water Heater - Electric: 1

Breakfast Bar: 1

Floor - Vinyl Plank: 1

Stairs: 1

Foundation - On Piling: 1

Roof - Composite Shngl: 1

Siding - Vinyl: 1

Balcony: 1

Deck Open: 1

Fenced Lot-Part: 1

Shower: 1

Storm Windows: 1

Shore - Beach: 1

Waterfront Feet: 50

Cash: 1

Conventional: 1

Furnished: 1

Near Public Boat Ramp: 1

Waterfront: 1

Within 1/2 Mile to Water: 1

County Road: 1

Paved Road: 1

Carport Attached: 1

Driveway: 1

Gated: 1

MBath Double Vanity: 1

MBath Shower/Tub Combo: 1

Resid Single Family: 1

Beach: 1

Pool: 1

Bedroom: 1

ShowingTime: 1

Cable - Available: 1

Electricity - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Gulf: 1

As Is: 1

Gulf: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

Smoke Detector(s): 1