8221 Surf Drive, Panama City, FL, 32408

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8221 Surf Drive, Panama City, FL, 32408

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$3,500,000
New Listing

8221 Surf Drive
Panama City, FL 32408

For Sale|Single Family Residence|Active
8
Beds
8
Total Baths
8
Full Baths
5,320
SqFt
$658
/SqFt
1999
Built
Subdivision:
Sugar Shack Condo
County:
Bay
Listing courtesy of The Jarrett Group of Keller Williams Success Realty
Call Now: 850-786-3054
Is this the listing for you? We can help make it yours.
850-786-3054
8221 Surf Drive8221 Surf Drive8221 Surf Drive8221 Surf Drive
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Monthly Payment (Est.)

$15,968
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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.

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Listing Snapshot
Price 
$3,500,000
Days On Site 
0 Days
Bedrooms 
8
Inside Area (SqFt) 
5,320 sqft
Total Baths 
8
Full Baths 
8
Partial Baths 
N/A
Lot Size 
0.17 Acres
Year Built 
1999
MLS® Number 
789630
Status 
Active
Property Tax 
$6,283
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Appraiser
Friends & Family
Recent Activity
2 hours agoListing first seen on site
2 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.17
Foundation 
Pillar/Post/Pier
Levels 
Two
Number Of Stories 
2
Parking 
Gated
Property Sub Type 
Single Family Residence
Security 
Smoke Detector(s)
Sewer 
Public Sewer
SqFt Total 
5320
Style 
Coastal
Utilities 
Electricity Available
Zoning 
Resid Single Family
Interior Features
Appliances 
Washer/Dryer StackedElectric CooktopElectric OvenElectric RangeElectric Water Heater
Cooling 
Central AirCeiling Fan(s)
Furnished? 
All Units
Heating 
CentralElectric
Window Features 
Storm Window(s)
Bedroom 
Dimensions - 15 x 15Description - Buyer to verify measurements
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Exterior Features
Construction Details 
Vinyl Siding
Exterior 
BalconyOutdoor Shower
Fencing 
Partial
Lot Features 
PavedWaterfront
Patio And Porch 
Deck
Pool Features 
FencedGuniteIn GroundCommunityPrivate
Private Pool 
Yes
Roof 
CompositionShingle
View 
Water
Waterfront 
Yes
Waterview 
Water
Windows/Doors 
Storm Window(s)
Community Features
Community Features 
Pool
MLS Area 
03 - Bay County - Beach
Schools
School District
Unknown
Elementary School
Patronis
Middle School
Surfside
High School
Arnold
Listing courtesy of The Jarrett Group of Keller Williams Success Realty



Listing information is provided by Participants of the Central Panhandle Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Central Panhandle Association of REALTORS MLS.
Last checked: 2026-05-08 09:24 PM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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