8221 Surf Drive, Panama City Beach, FL 32408
Sugar Shack Condo · Bay County
Key Facts
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.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Beach House
Year Built
1999
Living Area
5,320 sq ft
Lot Dimensions
50'x136'x50'x136'
Parking Spaces
7
Zoning
Resid Single Family
Days on Market
29
MLS® Listing#
1002814
Property Features
Interior
Exterior
Appliances
Cooling
Pool
Parking
Lot Features
Construction
Roof
Security
Community
Utilities
Sewer
Water Source
Rooms
- Bedroom15 x 15First
- Bedroom15 x 15Second
- Bedroom15 x 15Second
- Bedroom15 x 15Second
- Bedroom15 x 15First
- Bedroom15 x 15First
- Bedroom15 x 15First
- Bedroom15 x 15Second
- Great Room20 x 20First
- Great Room20 x 20Second
Schools
- Elementary:
- Patronis
- Middle:
- Surfside
- High:
- Arnold
Financial Details
Annual Taxes
$6,283
Tax year 2025
Parcel Number
30235-201-000
Directions
Head west on Thomas drive. Turn south on Cobia street then turn right on Surf Drive. The Property will be on your left.
Affordability Calculator
$700,000
Estimated monthly payment
$18,628/mo
Principal $2,800,000 · Est. interest $3,906,249 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Panama City Beach, FL
- $471,497
- Median Listing Price
- 109
- Median Days on Market
- 1,463
- Median Sq Ft
- $345
- Median Price / Sq Ft
- 31,946
- Active Listings
- This home’s price is 642% above the area median.
- Its price per sq ft is 91% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Panama City Beach, FL.
Location
- 8221 Surf Drive, Panama City Beach, FL 32408
Points of Interest in Panama City Beach, FL
Showing the Panama City Beach area map.
Nearby Schools
Patronis Elementary School
Elementary · 1.3 mi away
Twisted Fork Culinary Classroom
School · 1.4 mi away
Primary Prep School
Elementary · 1.9 mi away
St Bernadette Early Childhood Development Center
School · 1.9 mi away
Learning Tree II-Child Development Center
School · 3.0 mi away
Stacey's Fun in the Sun Preschool 2 Inc.
School · 3.0 mi away
Breakfast Point Academy
School · 3.1 mi away
Arnold Pre K
Secondary · 3.2 mi away
JR Arnold High School
Secondary · 3.3 mi away
Surfside Kids Academy
School · 3.7 mi away
Hutchison Beach Elementary School
Elementary · 4.0 mi away
Lucille Moore Elementary School
Elementary · 4.8 mi away
St Andrew School
School · 5.0 mi away
Surfside Middle School
Secondary · 5.1 mi away
St. Andrew School at Oakland Terrace
Elementary · 5.6 mi away
Oakland Terrace School for the Arts
School · 5.6 mi away
Gulf Coast School for Autism
School · 5.6 mi away
St John Catholic School
School · 5.8 mi away
Bacot Academy
School · 5.8 mi away
Renaissance School International
School · 5.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 17 Boswells Court, Miramar Beach, FL | $2,450,000 | 7 | 7 | 4,100 |
| 9420 Grand Prix Lane, Boynton Beach, FL | $2,468,002 | 7 | 8 | 6,263 |
| 84 Sarasota Street, Miramar Beach, FL | $2,499,000 | 8 | 8 | 4,599 |
| 183 Walnut Street, Santa Rosa Beach, FL | $2,499,000 | 10 | 11 | 4,688 |
| 6312 W County Hwy 30A, Santa Rosa Beach, FL | $2,499,000 | 7 | 7 | 3,526 |
| 12331 S Indian River Drive, Jensen Beach, FL | $2,500,000 | 7 | 8 | 3,446 |
Moving Cost Estimate
EXIT Agents in Panama City Beach
Listing Courtesy: Keller Williams Success Realty - 8502490313