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$3,500,000

  • For Sale
  • Active
  • Single Family
  • 8 Beds
  • 8 Full Baths
  • 5,320 Sq. Ft.
  • Updated 10 days ago
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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.

Full Property Details for 8221 Surf Dr

General

  • Price: $3,500,000
  • Taxes: $6,282 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Emerald_Coast
  • MLS ID: 1002814
  • Updated: 5/11/2026
  • Added to Site: 10 day(s) ago

Rental Information

  • Complex Features: Short Term Rental - Allowed, Beach, Picnic Area, Pool

Interior

  • Number of Rooms: 10
  • Interior Features: Breakfast Bar
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Smoke Detector, Water Heater - Elect
  • Furnishings: Furnished - All

Rooms

Bathrooms

  • Total Bathrooms: 8
  • Full Bathrooms: 8

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Pool: Yes
  • Pool Description: Pool - In-Ground, Pool Type

Exterior

  • Exterior Features: Balcony, BBQ Pit/Grill, Pool - Gunite Concrt

Parking

  • Carport Spaces: 3
  • Parking Features: Carport Attached

Location

  • Area: 27 - Bay County
  • County: Bay
  • Subdivision: Sugar Shack Condo
  • Driving Directions: Head west on Thomas drive. Turn south on Cobia street then turn right on Surf Drive. The Property will be on your left.

School Information

  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fans, Central Air
  • Heating/Cooling: Ceiling Fans, Central Air

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electric, Public Water

Structural Information

  • Architectural Style: Beach House
  • Construction: Siding Vinyl
  • Exterior Const.: Siding Vinyl
  • Stories/Levels: 2
  • Square Feet: 5,320
  • Sq. Ft. Source: County PA Records
  • Year Built: 1999

Lot Features

  • Property View: Gulf
  • Lot Dimensions: 50' x 136' x 50' x 136'
  • Frontage: County Road
  • Street/Road Desc.: Paved
  • Lot Features: Within 1/2 Mile to Water
  • Zoning: Resid Single Family

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Type: Gulf, Shore - Beach

Financial Considerations

  • Tax Amount: $6,282.98
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: Sugar Shack Condo Unit # 1 Orb 4466 P 1404 4Br 4B
  • APN: 30235-201-000
  • Property ID: 30235-201-000

Listed by Keller Williams Success Realty

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— 8221 Surf Dr —

  • Keller Williams Success Realty

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 8221 Surf Dr

School District:Bay County School District
NameGradesDistance
Patronis Elementary School
7400 Patronis Dr, Panama City Beach, FL 32408
K-51.3 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-85.1 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-123.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8221 Surf Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/11/2026
Listed
$3,500,000
250%
MLS
9/21/2021
Sold
$1,000,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 8221 Surf Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,071
—
$507,811
3%
2024
$6,071
-3%
$490,792
-1%
2023
$6,237
12%
$495,695
8%
2021
$5,569
—
$461,040
-3%
2022
$5,565
—
$477,653
3%
2021
$5,569
-2%
$462,980
3%
2019
$5,659
10%
$447,780
10%
2018
$5,135
7%
$407,073
8%
2017
$4,807
4%
$378,238
6%
2016
$4,632
—
$357,677
2%
2015
$4,654
1%
$349,616
1%
2014
$4,588
15%
$345,055
2%
2013
$4,005
—
$339,494
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Success Realty

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8221 Surf Drive, Panama City Beach, FL 32408 (MLS# 1002814) is a Single Family property with 8 bedrooms and 8 full bathrooms. 8221 Surf Drive is currently listed for $3,500,000 and was received on May 11, 2026. Want to learn more about 8221 Surf Drive? Do you have questions about finding other Single Family real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

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