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Pending
    • $3,500,000

    8221 Surf Dr, Panama City, FL 32408

    8beds
    5,320sqft
    : 
    $22,756/mo
    Get pre-qualified
    Single Family Residence
    Built in 1999
    6,800 Square Feet Lot
    $-- Zestimate®
    $658/sqft
    $-- HOA

    What's special

    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.
    82 days
    |
    248
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jordan E Jarrett 850-890-4220,

    Keller Williams Success Realty

    Source: ECAOR,MLS#: 1002814MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 8
      • Full bathrooms: 8
      Bedroom
      • Description: Buyer to verify
      • Level: First
      • Area: 225 Square Feet
      • Dimensions: 15 x 15
      Bedroom
      • Description: Buyer to verify
      • Level: First
      • Area: 225 Square Feet
      • Dimensions: 15 x 15
      Bedroom
      • Description: Buyer to verify
      • Level: First
      • Area: 225 Square Feet
      • Dimensions: 15 x 15
      Bedroom
      • Description: Buyer to verify
      • Level: First
      • Area: 225 Square Feet
      • Dimensions: 15 x 15
      Bedroom
      • Description: Buyer to verify
      • Level: Second
      • Area: 225 Square Feet
      • Dimensions: 15 x 15
      Bedroom
      • Description: Buyer to verify
      • Level: Second
      • Area: 225 Square Feet
      • Dimensions: 15 x 15
      Bedroom
      • Description: Buyer to verify
      • Level: Second
      • Area: 225 Square Feet
      • Dimensions: 15 x 15
      Bedroom
      • Description: Buyer to verify
      • Level: Second
      • Area: 225 Square Feet
      • Dimensions: 15 x 15
      Great room
      • Description: buyer to verify
      • Level: First
      • Area: 400 Square Feet
      • Dimensions: 20 x 20
      Great room
      • Description: buyer to verify
      • Level: Second
      • Area: 400 Square Feet
      • Dimensions: 20 x 20
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Refrigerator, Electric Water Heater
      Features
      • Breakfast Bar
      • Furnished: Yes
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 5,320
      • Total interior livable area: 5,320 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 7
      • Parking features: Attached Carport
      • Carport spaces: 3
      Features
      • Stories: 2
      • Exterior features: Outdoor Grill, Balcony
      • Has private pool: Yes
      • Pool features: In Ground, Gunite
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      • Waterfront features: Gulf, Shore - Beach
      Lot
      • Size: 6,800 Square Feet
      • Dimensions: 50' x 136' x 50' x 136'
      • Features: Within 1/2 Mile to Water
      Details
      • Parcel number: 30235201000
      • Zoning description: Resid Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Beach House
      • Property subtype: Single Family Residence
      Materials
      • Vinyl Siding
      • Foundation: Pillar/Post/Pier
      • Roof: Composition
      Condition
      • Construction Complete
      • New construction: No
      • Year built: 1999

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Features: Beach, Picnic Area, Pool, Short Term Rental - Allowed
      • Security: Smoke Detector(s)
      • Subdivision: Sugar Shack Condo
      Location
      • Region: Panama City

      Financial & listing details

      • Price per square foot: $658/sqft
      • Annual tax amount: $6,282
      • Date on market: 5/11/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/13/2026Pending sale$3,500,000$658/sqft
        Source: CPAR #789630 Report a problem
        5/8/2026Listed for sale$3,500,000$658/sqft
        Source: CPAR #789630 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Lower Grand Lagoon

        Getting around

        45 / 100
        Car-Dependent
        20 / 100
        Minimal Transit
        53 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Patronis
        • Middle: Surfside
        • High: Arnold

        Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

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