8221 Surf Drive, Panama City Beach, FL 32408 (MLS# 1002814)

Description

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

Supplements: 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.

General Property Info

userdefined76: 7 Sub-Type: Detached Single Family Design: Beach House SqFt Source: County PA Records Garage: No Carport: Yes Carport Spaces: 3 Covered Spaces: 3 Street Spaces: 4 Pool: Yes Pool Type: Private Apx SqFt(Htd/Cooled): 5320 Bedrooms: 8 Full Baths: 8 Total Bathrooms: 8 # Stories: 2 Year Built: 1999

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 657.89 List Date: 2026-05-11 Current Price: $3,500,000 List Price: $3,500,000

Location, Tax and Legal

Sub Area: 2723 - Beach - South of Grand Lagoon Elementary School: Patronis Middle School: Surfside High School: Arnold Legal Description: Sugar Shack Condo Unit # 1 Orb 4466 P 1404 4Br 4B

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 6282.98 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: 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

Waterfront

Gulf: 1 Shore - Beach: 1 Waterfront Feet: 50

Construction Status

Construction Complete: 1

Parking Features

Carport Attached: 1

Waterview

Gulf: 1

Lot/Parcel Access

County Road: 1 Paved Road: 1

Lot Features

Within 1/2 Mile to Water: 1

Project Facilities

Beach: 1 Picnic Area: 1 Pool: 1 Short Term Rental - Allowed: 1

Construction/Siding

Foundation On Piling: 1 Roof Composite Shngl: 1 Siding Vinyl: 1

Utilities

Electric: 1 Public Sewer: 1 Public Water: 1

Zoning

Resid Single Family: 1

Exterior

Balcony: 1 BBQ Pit/Grill: 1 Pool - Gunite Concrt: 1 Pool - In-Ground: 1

Interior

Breakfast Bar: 1 Furnished - All: 1

Financing

Conventional: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Refrigerator: 1 Smoke Detector: 1

Energy

AC - Central Elect: 1 Ceiling Fans: 1 Water Heater - Elect: 1

Mstr Bdrm/Mstr Bath

MBath Double Vanity: 1 MBath Tile: 1

Bedroom

First: 1 Second: 1

Rooms

Bedroom: 1 Great Room: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 27 - Bay County Street #: 8221 Street Name: Surf Street Suffix: Drive State: FL Zip Code: 32408 County: Bay Project Name/Subdivision: Sugar Shack Condo Parcel ID: 30235-201-000

Property Features

Construction Status: Construction Complete Lot Features: Within 1/2 Mile to Water Zoning: Resid Single Family Waterfront: Gulf; Shore - Beach Waterview: Gulf Parking Features: Carport Attached Project Facilities: Beach; Picnic Area; Pool; Short Term Rental - Allowed Exterior: Balcony; BBQ Pit/Grill; Pool - Gunite Concrt; Pool - In-Ground Interior: Breakfast Bar; Furnished - All Appliances: Dishwasher; Dryer; Microwave; Refrigerator; Smoke Detector Utilities: Electric; Public Sewer; Public Water Energy: AC - Central Elect; Ceiling Fans; Water Heater - Elect Bedroom: First; Second Rooms: Bedroom; Great Room Financing: Conventional

Room Information

Bedroom Level: First Dimensions: 15 x 15 Length: 15.00 Width: 15.00 Remarks: Buyer to verify Dimensions: 15 x 15 Bedroom Level: First Dimensions: 15 x 15 Length: 15.00 Width: 15.00 Remarks: Buyer to verify Dimensions: 15 x 15 Bedroom Level: First Dimensions: 15 x 15 Length: 15.00 Width: 15.00 Remarks: Buyer to verify Dimensions: 15 x 15 Bedroom Level: First Dimensions: 15 x 15 Length: 15.00 Width: 15.00 Remarks: Buyer to verify Dimensions: 15 x 15 Bedroom Level: Second Dimensions: 15 x 15 Length: 15.00 Width: 15.00 Remarks: Buyer to verify Dimensions: 15 x 15 Bedroom Level: Second Dimensions: 15 x 15 Length: 15.00 Width: 15.00 Remarks: Buyer to verify Dimensions: 15 x 15 Bedroom Level: Second Dimensions: 15 x 15 Length: 15.00 Width: 15.00 Remarks: Buyer to verify Dimensions: 15 x 15 Bedroom Level: Second Dimensions: 15 x 15 Length: 15.00 Width: 15.00 Remarks: Buyer to verify Dimensions: 15 x 15 Great Room Level: First Dimensions: 20 x 20 Length: 20.00 Width: 20.00 Remarks: buyer to verify Dimensions: 20 x 20 Great Room Level: Second Dimensions: 20 x 20 Length: 20.00 Width: 20.00 Remarks: buyer to verify Dimensions: 20 x 20