About This Home

This 0-bedroom, 0-bathroom commercial at 8524 Surf Drive in Panama City Beach, FL is listed for $2,900,000. on a 0.50 acres lot.

Key Features

  • 0.50 acre lot
Listing Description

Exceptional Investment Opportunity in a Prime Beachfront Setting. Notably, it boasts the only beach view from the north side of Surf Drive--an unmatched feature that sets it apart. Embrace the charm of Old Florida with this rare 6-unit motel situated on over half an acre in one of the most desirable locations along Surf Drive.

Rich in character and coastal appeal, this income-producing property offers a unique blend of nostalgia and modern potential. Currently operating as a turnkey business, this thriving Bed and Breakfast is fully furnished and well maintained, providing immediate income with strong demand driven by Panama City Beach's thriving tourism market.

Guests enjoy convenient beach access just steps away, along with walkable proximity to dining, entertainment, and local attractions. The expansive lot and high-intensity zoning present exceptional redevelopment opportunities. Whether you envision expanding the existing footprint, creating a boutique lodging experience, or developing single-family or multi-family residences, the possibilities are wide open.

With its prime location, steady rental potential, and rare development flexibility, this property is an outstanding opportunity for investors seeking both current cash flow and long-term upside in a highly sought-after coastal market.

Monthly Cost Estimate

$15,510/mo

20% down · 6.5% · 30 years

Principal$2,097
Interest$12,567
Insurance$846

Estimates only. Actual payments may vary.

Location

8524 Surf Drive

Panama City Beach, FL 32408

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 8524 Surf Drive is listed at $2,900,000. The estimated monthly payment is $15,510 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.50 acre lot.

This property is listed by Karen K Smith.

KS

Karen K Smith

License 3102215

Agent at Beachy Beach Real Estate

Listed by Beachy Beach Real Estate · Broker phone: (850) 527-5651 · Broker website

MLS# 1010034· Source: Emerald Coast Association of Realtors· 206 days on PropertySimple

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

8524 Surf Drive, Panama City Beach, FL 32408

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