3 months on rocket

8221 Surf Dr Unit 1, Panama City Beach, FL, 32408

$3,500,000

8 Bedrooms
8 Full Baths
5,320 SqFt
$658/SqFt
Multi
Schools Nearby

Location

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Property Highlights

Home TypeDuplex
ParkingCarport, Golf Cart Garage, Paved, Parking Lot
Year Built1999
HeatingCentral
CoolingCentral Air
WaterfrontGulf, Sandy Shoreline
ViewGulf
MLS #750886
Lot Size0.08 Acres
StatusActive

About 8221 Surf Dr Unit 1

Listed at $650 a sq ft this property is best priced beach house or town home in Panama City Beach. This stunning Gulf front beach home has a ton of character and offers endless possibilities. It is currently divided into 4 units and being utilized as a vacation rental property. This home sets on one of the nicer gulf front lots on PCB. With a little remodeling this home could be converted back into a beautiful luxury beach house. This home has many options to provide a good return on your investment. It currently has $180k on the books for this summer in its first year of being with a rental company.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1999
  • Living Area: 5,320 SqFt

Listing Office:

  • Office Name: Beach Time Realty, Inc

Interior Features

Interior Information:

  • Appliances: Bar Fridge, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator
  • Flooring Type: Tile

Bedroom and Bathroom Information:

  • Full Bathrooms: 8
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Waterfront: Gulf, Sandy Shoreline
  • View: Gulf
  • Exterior: Balcony, Deck, Dock, Outdoor Grill, Pool

Parking Information:

  • Parking: Carport, Golf Cart Garage, Paved, Parking Lot

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • J.R. Arnold High School, Public District Grades 9-12
  • Breakfast Point Academy, Public District Grades PK-8

Other

Directions Information:

  • Directions: Head west on Thomas drive. Turn south on Cobia street then turn right on Surf Drive. The Property will be on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,500,000
  • Price Per SqFt: $658/SqFt
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Housing Market Comparison

See how this home compares to others in Panama City, FL.

Med. Sold Price

$348.8K

Med. Price/SqFt

$204

Avg. Days On Market

58

# of Sold Homes

236

8221 Surf Dr Unit 1 vs Panama City

96 DAYS ON ROCKET

+38 Days

$3,500,000

+$3.1M More

$658/SqFt

+$453 More

KEY TAKEAWAY

This property is $3.1M more than the Median Sold Price and $453/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #750886

Listing Office:

  • Office Name: Beach Time Realty, Inc

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively 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 deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2024, 12:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$17.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.5K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-6838877
6
/10
  • Breakfast Point Academy

  • 601 North Richard Jackson Blvd

  • 2.54 miles

  • Public District Grades PK-8

High School

school-card-donut-6838878
5
/10
  • J.R. Arnold High School

  • 550 N Alf Coleman Rd

  • 3.31 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,465. The majority of Panama City, FL residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

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Rocket HomesFloridaBay CountyPanama City324088221 Surf Dr Unit 1

This home is located at 8221 Surf Dr Unit 1 in Panama City Beach, FL and zip code 32408 in the Bel Air neighborhood. This 5,320 square foot home, which was built in 1999, sits on a 0.08 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since February 26, 2024 and is currently priced at $3,500,000.

In May 2024 more than 26 listings in Panama City, FL were sold above the asking price. During the same period more than 72 listings were sold at asking price, while more than 138 were sold below. The number of listings in Panama City, FL increased by 6.3% between April 2024 and May 2024. Listings spent 58 days on the market in May 2024, and had a median list price of $348,800 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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