Live the Gulf Life on Florida’s Emerald Coast

Coastal

8221 Surf Drive

Panama City, FL 32408

MLS#: 789630

$3,500,000

Status: Closed
Listing number: 789630
Listing provided by: Keller Williams Success Realty
Listing agent phone: None
Last update: 2 months ago
On site: 4 months ago
Browse Properties
Sugar Shack Condo - Residential

Property

Beds

8

Full Baths

8

1/2 Baths

None

Year Built

1999

Sq.Footage

5,320

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.

Features & Amenities

Interior

  • Other Interior Features

    Double Vanity

  • Total Bedrooms

    8

  • Bathrooms

    8

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s)

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding

  • Other Exterior Features

    Balcony, Outdoor Shower

  • Parking

    Gated

  • Patio and Porch Features

    Deck

  • Pool

    Yes

  • Pool Features

    Fenced, Gunite, In Ground, Community, Private

  • Waterfront YN

    YES

  • View

    Water

Area & Lot

  • Lot Features

    Paved, Waterfront

  • Lot Size(acres)

    0.17

  • Lot Size(square feet)

    7,405

  • Property Type

    Residential

  • Property Sub Type

    SingleFamilyResidence

  • Architectural Style

    Coastal

Price

  • Sales Price

    $3,500,000

  • Tax Amount

    $24,000

  • Zoning

    Resid Single Family

  • Sq. Footage

    5,320

  • Price/SqFt

    $657

HOA

  • Association

    No

School District

  • Elementary School

    Patronis

  • Middle School

    Surfside

  • High School

    Arnold

Property Features

  • Stories

    2

  • New Construction

    NO

  • Foundation Details

    Pillar/Post/Pier

  • Sewer

    Public Sewer

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Location

County

Bay

Elementary School

Patronis

Middle School

Surfside

High School

Arnold

Listing Courtesy of The Jarrett Group, Keller Williams Success Realty

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Agent Marilet Lancheros

AGENT

Marilet Lancheros

Call Marilet today to schedule a private showing.

(786) 503-4364

Marilet@gulflifego.com


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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.

8221 Surf Drive

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