8524 Surf Drive, Panama City Beach, FL 32408

$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

Overview

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 d ... (Read more)

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

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.

8524 Surf Drive, Panama City Beach, FL 32408 (MLS# 1010034)