Welcome to this charming, updated 1-bedroom, 1-bath condominium at Ocean Terrace Condominiums in Panama City Beach. Located in a low-density, two-story Gulf-side community, this beautifully maintained unit is just steps from the sugar-white sands and emerald waters of the Gulf of Mexico.
Inside, you'll find a tastefully updated kitchen featuring stainless steel appliances, a tile backsplash, updated cabinetry and countertops, as well as attractive plank tile flooring throughout. The bathroom has been updated with a beautifully tiled, glass-enclosed shower and vanity, adding a modern touch to the space. A portion of the living area is currently being utilized as flexible space and is arranged as an additional sleeping area, providing added versatility for owners and guests.
Community amenities include a Gulf-front swimming pool and a covered pavilion with picnic tables, offering the perfect spot to relax after a day at the beach. The convenient location places you within walking distance of restaurants, shopping, and entertainment, while nearby St. Andrews State Park offers opportunities for boating, fishing, kayaking, hiking, and enjoying Florida's natural beauty.
Whether you're looking for a vacation getaway, investment property, or your own beach retreat, this turn-key ready condo combines tasteful updates with an unbeatable location.
For sale
Price cut: $19.1K (8/5)
$279,900
8618 Surf Dr #206, Panama City Beach, FL 32408
1beds
576sqft
Condominium
Built in 1982
-- sqft lot
$265,200 Zestimate®
$486/sqft
$474/mo HOA
What's special
Low-density two-story gulf-side communityTastefully updated kitchenGulf-front swimming poolStainless steel appliancesTile backsplashUpdated cabinetry and countertops
- 20 days |
- 395 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Darlene Tate 850-890-9309,
RC Real Estate Group
Source: CPAR,MLS#: 793610
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Bedroom, Dining Room, Full Bath, Kitchen, Living Room
Bedroom
- Level: First
- Dimensions: 10.83 x 9.5
Dining room
- Description: Dining - Part Living Combo
- Level: First
- Dimensions: 15.08 x 8.67
Other
- Level: First
- Dimensions: 4.83 x 5.83
Kitchen
- Level: First
- Dimensions: 9.75 x 8.67
Living room
- Description: Flex Space
- Level: First
- Dimensions: 11.33 x 9.25
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Range, Electric Water Heater
Features
- Shower Only
Interior area
- Total structure area: 576
- Total interior livable area: 576 sqft
Property
Parking
- Parking features: Paved, Parking Lot
Features
- Levels: Two
- Stories: 2
- Pool features: In Ground, Community
- On waterfront: Yes
- Waterfront features: Gulf
Lot
- Features: Paved
Details
- Parcel number: 30464280000
Construction
Type & style
- Home type: Condo
- Architectural style: Low Rise
- Property subtype: Condominium
Condition
- New construction: No
- Year built: 1982
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Connected, Electricity Available
Community & HOA
Community
- Features: Pool, Waterfront, Community Pool, Short Term Rental Allowed
- Security: Smoke Detector(s)
- Subdivision: Ocean Terr. Condo.
HOA
- Has HOA: Yes
- Amenities included: Gazebo
- Services included: Cable TV, Insurance, Pest Control, Pool(s), Sewer, Water
- HOA fee: $1,422 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $486/sqft
- Tax assessed value: $240,428
- Annual tax amount: $2,601
- Date on market: 8/5/2026
- Cumulative days on market: 20 days
- Electric utility on property: Yes
Estimated market value
$265,200
$252,000 - $278,000
$1,451/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Price change | $279,900-6.4%$486/sqft |
Source:  CPAR #793610 Report a problem | ||
| 5/18/2026 | Listed for sale | $299,000-12%$519/sqft |
Source: Owner Report a problem | ||
| 5/9/2024 | Listing removed | -- |
Source: CPAR #755721 Report a problem | ||
| 4/15/2024 | Listed for sale | $339,900+126.6%$590/sqft |
Source: CPAR #755721 Report a problem | ||
| 8/12/2020 | Sold | $150,000+25%$260/sqft |
Source: Public Record Report a problem | ||
| 2/27/2009 | Sold | $120,000$208/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,501 +22.5% | $169,703 +10% |
| 2023 | $2,041 +22.8% | $154,275 +10% |
| 2022 | $1,662 | $140,250 |
| 2021 | -- | -- |
| 2020 | $997 +3.2% | $72,882 +10% |
| 2019 | $966 | $66,256 +10% |
| 2018 | $966 +2.4% | $60,233 +10% |
| 2017 | $944 +16.2% | $54,757 +10% |
| 2016 | $813 +14.4% | $49,779 +10% |
| 2015 | $711 | $45,254 +10% |
| 2014 | $711 | $41,140 +10% |
| 2013 | -- | $37,400 -27.9% |
| 2012 | -- | $51,850 |
| 2011 | -- | $51,850 -25.1% |
| 2010 | -- | $69,196 -12% |
| 2009 | -- | $78,632 -23% |
| 2008 | -- | $102,120 -13% |
| 2007 | -- | $117,446 -18% |
| 2006 | -- | $143,226 +8.5% |
| 2005 | -- | $132,001 +172.4% |
| 2004 | -- | $48,450 |
| 2003 | -- | $48,450 |
| 2002 | -- | $48,450 |
| 2001 | -- | $48,450 |
| 2000 | -- | $48,450 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Lower Grand Lagoon
Getting around
47 / 100
Car-DependentNearby schools
GreatSchools rating
- 7/10Breakfast Point AcademyGrades: PK-8Distance: 2.2 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: Breakfast Point
- Middle: Breakfast Point
- High: Arnold
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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