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$3,500,000

  • For Sale
  • Active
  • Single Family
  • 8 Beds
  • 8 Full Baths
  • Updated 6 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: $6,283 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Bay_County
  • MLS ID: 789630
  • Updated: 5/15/2026
  • Added to Site: 14 day(s) ago

Interior

  • Number of Rooms: 20
  • Interior Features: Interior Steps
  • Appliances: Washer/Dryer Stacked, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater

Rooms

Bathrooms

  • Total Bathrooms: 8
  • Full Bathrooms: 8

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: Stacked

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Fenced, Gunite, In Ground, Community, Private
  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Deck, Outdoor Shower
  • Porch/Patio/Deck: Balcony, Deck

Parking

  • Covered Spaces: 3
  • Parking Features: Gated

Location

  • 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

Community

  • Community Name: 03 - Bay County - Beach

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electricity Available

Structural Information

  • Architectural Style: Coastal
  • Construction: Vinyl Siding
  • Roof: Composition, Shingle
  • Windows: Storm Window(s)
  • Stories/Levels: 2
  • Sq. Ft. Source: Appraiser
  • Year Built: 1999

Lot Features

  • Property View: Gulf
  • Lot Size (Acres): 0.17
  • Lot Size (Sq. Ft.): 7,405
  • Lot Size: .17
  • Lot Dimensions: 25' x 136' x 25' x 136'
  • Lot Features: Paved
  • Zoning: Resid Single Family
  • Fencing (Description): Partial

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Gulf, Shoreline - Sand
  • Water Front View: Gulf, Shoreline - Sand

Financial Considerations

  • Tax Amount: $6,283
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: SUGAR SHACK CONDO UNIT # 1 ORB 4466 P 1404 4BR 4B, SUGAR SHACK CONDO UNIT # 2 ORB 1901 P 1262 4BR 4B ORB 4466 P 1320
  • Property ID: 30235-201-000

Listed by Keller Williams Success Realty

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— 8221 Surf Dr —

  • Keller Williams Success Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

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
5/08/2026
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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NMLS#: 1598647

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Listed by Keller Williams Success Realty

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8221 Surf Drive, Panama City, FL 32408 (MLS# 789630) 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 08, 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? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

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