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8524 Surf Drive
Panama City, FL 32408

$3,400,000 - Status: Active
Bed Icon Beds: 0
Bath Icon Baths:
Sq Feet Icon SQFT (H&C): 4,740
MLS Icon MLS# 788821

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.

Listing Video

Property Features

MLS#: 788821
Zip: 32408
Subdivision: Bel Air 1st Add
Development: 0323 - Beach - South Of Grand Lagoon
Property Type: Commercial - Business
Days on Site: 40
Heating: Central, Electric
Lot Size: 0.50 acres
Roof Type: Shingle
Stories: 2.0
Year Built: 1962
SQFT (H&C): 4,740

Feature Descriptions

Exterior: Stucco
Lot Description: Cleared, Level
Parcel#: 30446-010-000
Parking: Paved
Parking Notes: Paved
Special View Info: Gulf

Local Schools

High School: Arnold
Middle School: Breakfast Point
Elementary School: Breakfast Point

8524 Surf Drive | MLS# 788821

This commercial property located at 8524 Surf Drive , Panama City, FL 32408 is currently listed for sale by Beachy Beach Real Estate, with an asking price of $3,400,000. Search Panama City real estate on kblanchard.beachybeach.com today.

Listed By / Shown By

agent picture

Listed By

Agency Name: Beachy Beach Real Estate
Agent Name: Kay Blanchard

Shown By

Agent Name: Kay Blanchard
Agent Phone: (850) 960-8577

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/02/2026. The listing information on this page last changed on 06/02/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 06/02/2026 8:55:30 PM EST) or Emerald Coast MLS (last updated Tue 06/02/2026 8:47:40 PM EST) or Central Panhandle Association of Realtors (last updated Tue 06/02/2026 8:49:30 PM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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