$3,400,000
Panama City, FL 32408
MLS# 788821
4740 sqft
1 / 105
Property Description
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.
Details
Maps
Contract Info
List Price/SqFt: 717.3
List Date: 2026-04-06
List Price: $3,400,000
Current Price: $3,400,000
Sub-Type: Hotel/Motel
Location
Sub Area: 0323 - Beach - South of Grand Lagoon
Community/Resort: None
Waterfront: No
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.
Area: 03 - Bay County - Beach
Street #: 8524
Street Name: Surf
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: Bel Air 1st Add
Parcel ID: 30446-010-000
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
Site Dimensions: 170x150
Acreage: 0.5
Immediate Occupancy: Yes
Construction Status: Construction Complete
# of Units: 6
SqFt HVAC: 4740
# of Stories in Building: 2
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.
Office/Member Info
Seller Concessioins: No
Construction/Siding
Roof - Shingle/Shake: 1
Siding - Stucco: 1
Trim - Wood: 1
Energy
AC - 2 or More: 1
Heat - Central Electric: 1
Water Heater - Electric: 1
Other Structures
Outbuilding: 1
Workshop: 1
Financing
Cash: 1
Conventional: 1
Present Zoning
Resid Multi-Family: 1
Utilities
All Utilities: 1
Waterview
Gulf: 1
Sale Type
As Is: 1
Floors in Unit/Home
Two: 1
Heating/Cooling
AC - Central: 1
Heat - Central Electric: 1
Hotel/Motel
Year Built: 1962
Building SqFt: 6426
# of Rooms: 6
# of Floors: 2
Offering Type
Sale Only: 1
Pricing Type
Sale Price: 1
Site Description
Aerials Available: 1
Cleared: 1
Level: 1
Transport. Access
City Road: 1
Paved: 1
Status Change Info
Status: Active
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.