8221 Surf Drive, Panama City Beach

$3,500,000

8 Beds
8 Baths
5,320 Sqft
0 Acre
0 Garage

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.

Essential Information
MLS® #1002814
Price$3,500,000
Sold Price$3,300,000
Date Sold$2026-07-31
Bedrooms8
Bathrooms8.00
Full Baths8
Square Footage5,320
Year Built1999
TypeResidential
Sub-TypeDetached Single Family
StyleBeach House
StatusSold
Community Information
Address8221 Surf Drive
Area27 - Bay County
SubdivisionSugar Shack Condo
CityPanama City Beach
CountyBay
StateFL
Zip Code32408
Amenities
ParkingAttached Carport
ViewGulf
Is WaterfrontYes
WaterfrontGulf, Shore - Beach
Has PoolYes
PoolIn Ground
Utilities

Electric, Public Sewer, Public Water

Interior
Interior FeaturesBreakfast Bar
CoolingCentral Air, Ceiling Fan(s)
# of Stories2
Appliances

Dishwasher, Dryer, Microwave, Refrigerator, Electric Water Heater

Exterior
Lot DescriptionWithin 1/2 Mile to Water
RoofComposite Shngl
ConstructionSiding Vinyl
FoundationFoundation On Piling
Exterior Features

Outdoor Grill, Balcony, Pool - Gunite Concrt

School Information
ElementaryPatronis
MiddleSurfside
HighArnold
Additional Information
Days on Website156
ZoningResid Single Family
Listing Details
OfficeKeller Williams Success Realty
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 14th, 2026 at 9:37pm CDT.