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About This Home

This 0-bedroom, 0-bathroom single family at 8524 Surf Drive in Panama City, FL is listed for $3,400,000 ($717 per sqft). Built in 1962, the home offers 4,740 sqft of living space on a 0.50 acres lot.

Agent 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.

Key Features

  • Built in 1962
  • 0.50 acre lot
  • 2 stories

Property Details

2 stories
1962

Monthly Cost Estimate

$18,184/mo

20% down · 6.5% · 30 years

Principal$2,459
Interest$14,733
Insurance$992

Estimates only. Actual payments may vary.

Location

8524 Surf Drive

Panama City, FL 32408

Bel Air 1st Add

Property Details

Construction

Stucco

Heating

Electric (Heating)Central

Questions & Answers

This 0-bedroom, 0-bathroom single family at 8524 Surf Drive is listed at $3,400,000 ($717/sqft). The estimated monthly payment is $14,733 based on 20% down at 6.5% interest.

Key features include: Built in 1962, 0.50 acre lot, 2 stories.

This property is listed by Kay C Blanchard and can be reached at 8509608577 or kayb@beachybeach.com.

KB

Kay C Blanchard

Agent at Beachy Beach Real Estate

(850) 960-8577

Listed by Beachy Beach Real Estate

MLS# 788821· Source: listhub· Updated 56 days ago

Copyright © 2026 Central Panhandle 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, FL 32408

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