8524 Surf Drive, Panama City Beach, FL 32408
New Listing
$2,900,000
Property Type:
Commercial for Sale
Lot Size (sq. ft.):
21,780
Status:
Active
Current Price:
$2,900,000
List Date:
8/17/2026
Last Modified:
8/17/2026
Listing Details MLS# 1010034
Contract Info
- Listing Board
- Emerald Coast
Location Tax and Legal
- Area
- 27 - Bay County
- Street #
- 8524
- Street Name
- Surf
- Street Suffix
- Drive
- State
- FL
- Zip Code
- 32408
- County
- Bay
- Parcel ID
- 30446-010-000
General Property Info
- Listed on GCCMLS
- No
- Vacant
- No
- Immediate Occupancy
- Yes
- Acreage
- 0.5
Multi-Family
- Year Built
- 1960
- Building SqFt
- 4740
- # of Units
- 6
More Information
Location, Tax and Legal
- Sub Area
- 2719 - Beach - East
- Legal Description
- BEL AIR 1ST ADDLOT 10 LESS S 70' AND LOTS11 & 12
Listing Info, Tax & Legal
- As Is
- Yes
Remarks & Misc
- Remarks
- 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.
Class
- Hotel/Motel
- Yes
- Multi-Family
- Yes
Construction Status
- Existing
- Yes
Hotel/Motel
- Year Built
- 1960
- Building SqFt
- 4740
- # of Rooms
- 6
Property Features
Class:
Hotel/Motel; Multi-Family
Construction Status:
Existing
Listing Office:
Beachy Beach Real Estate
Last Updated: August - 17 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.