$3,500,000
Panama City Beach, FL 32408
MLS# 1002814
8 beds | 8 baths | 5320 sqft
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Property Description
An exceptional Gulf-front investment opportunity where luxury meets income potential. With more than $330,000 in proven rental income in 2025. This stunning coastal property features four beautifully appointed two-bedroom units, offering a total of 8 bedrooms and 8 full bathrooms, all thoughtfully designed to maximize comfort, style, and revenue. Perfectly positioned directly on the Gulf, the property showcases breathtaking Panama City Beach sunsets and uninterrupted water views from private balconies for every unit, creating an unforgettable experience for guests and owners alike. A Gulf-front pool provides the ultimate setting for relaxation, while the pristine white sand beach is just steps away. Inside, each residence is finished with upscale coastal touches, including gorgeous white oak luxury vinyl plank flooring, open-concept kitchens, and striking shiplap ceilings that enhance the bright, airy atmosphere throughout. The layout of each unit is designed for both functionality and entertaining, making it ideal for short-term rentals or multi-family use. On the ground level, covered parking beneath the home offers both convenience and additional entertainment space, complete with grilling areas, tables, games, and gathering spots--perfect for hosting guests and creating memorable beachside experiences. With rental projections reaching as high as $385,000
Details
General Property Info
userdefined76: 7
Sub-Type: Detached Single Family
Design: Beach House
SqFt Source: County PA Records
Garage: No
Carport: Yes
Carport Spaces: 3
Covered Spaces: 3
Street Spaces: 4
Pool: Yes
Pool Type: Private
Apx SqFt(Htd/Cooled): 5320
Bedrooms: 8
Full Baths: 8
Total Bathrooms: 8
# Stories: 2
Year Built: 1999
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 657.89
List Date: 2026-05-11
Current Price: $3,500,000
List Price: $3,500,000
Location, Tax and Legal
Sub Area: 2723 - Beach - South of Grand Lagoon
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Legal Description: Sugar Shack Condo Unit # 1 Orb 4466 P 1404 4Br 4B
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Last Taxes: 6282.98
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: An exceptional Gulf-front investment opportunity where luxury meets income potential. With more than $330,000 in proven rental income in 2025. This stunning coastal property features four beautifully appointed two-bedroom units, offering a total of 8 bedrooms and 8 full bathrooms, all thoughtfully designed to maximize comfort, style, and revenue. Perfectly positioned directly on the Gulf, the property showcases breathtaking Panama City Beach sunsets and uninterrupted water views from private balconies for every unit, creating an unforgettable experience for guests and owners alike. A Gulf-front pool provides the ultimate setting for relaxation, while the pristine white sand beach is just steps away. Inside, each residence is finished with upscale coastal touches, including gorgeous white oak luxury vinyl plank flooring, open-concept kitchens, and striking shiplap ceilings that enhance the bright, airy atmosphere throughout. The layout of each unit is designed for both functionality and entertaining, making it ideal for short-term rentals or multi-family use. On the ground level, covered parking beneath the home offers both convenience and additional entertainment space, complete with grilling areas, tables, games, and gathering spots--perfect for hosting guests and creating memorable beachside experiences. With rental projections reaching as high as $385,000
Waterfront
Gulf: 1
Shore - Beach: 1
Waterfront Feet: 50
Construction Status
Construction Complete: 1
Parking Features
Carport Attached: 1
Waterview
Gulf: 1
Lot/Parcel Access
County Road: 1
Paved Road: 1
Lot Features
Within 1/2 Mile to Water: 1
Project Facilities
Beach: 1
Picnic Area: 1
Pool: 1
Short Term Rental - Allowed: 1
Construction/Siding
Foundation On Piling: 1
Roof Composite Shngl: 1
Siding Vinyl: 1
Utilities
Electric: 1
Public Sewer: 1
Public Water: 1
Zoning
Resid Single Family: 1
Exterior
Balcony: 1
BBQ Pit/Grill: 1
Pool - Gunite Concrt: 1
Pool - In-Ground: 1
Interior
Breakfast Bar: 1
Furnished - All: 1
Financing
Conventional: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Refrigerator: 1
Smoke Detector: 1
Energy
AC - Central Elect: 1
Ceiling Fans: 1
Water Heater - Elect: 1
Mstr Bdrm/Mstr Bath
MBath Double Vanity: 1
MBath Tile: 1
Bedroom
First: 1
Second: 1
Rooms
Bedroom: 1
Great Room: 1
Status Change Info
Status: Active
Location Tax and Legal
Area: 27 - Bay County
Street #: 8221
Street Name: Surf
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Project Name/Subdivision: Sugar Shack Condo
Parcel ID: 30235-201-000
Property Features
Construction Status: Construction Complete
Lot Features: Within 1/2 Mile to Water
Zoning: Resid Single Family
Waterfront: Gulf; Shore - Beach
Waterview: Gulf
Parking Features: Carport Attached
Project Facilities: Beach; Picnic Area; Pool; Short Term Rental - Allowed
Exterior: Balcony; BBQ Pit/Grill; Pool - Gunite Concrt; Pool - In-Ground
Interior: Breakfast Bar; Furnished - All
Appliances: Dishwasher; Dryer; Microwave; Refrigerator; Smoke Detector
Utilities: Electric; Public Sewer; Public Water
Energy: AC - Central Elect; Ceiling Fans; Water Heater - Elect
Bedroom: First; Second
Rooms: Bedroom; Great Room
Financing: Conventional
Supplements
per year, this property presents a rare opportunity to own a premier Gulf-front income-producing asset in one of Panama City Beach's most desirable locations. Whether you're expanding your portfolio or seeking a luxury coastal retreat with exceptional returns, this one-of-a-kind property delivers the perfect blend of location, lifestyle, and long-term value.
Room Information
| Room Name | Level | Dimensions | Length | Width | Remarks |
| Bedroom | First | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Bedroom | First | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Bedroom | First | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Bedroom | First | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Bedroom | Second | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Bedroom | Second | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Bedroom | Second | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Bedroom | Second | 15 x 15 | 15.00 | 15.00 | Buyer to verify |
| Great Room | First | 20 x 20 | 20.00 | 20.00 | buyer to verify |
| Great Room | Second | 20 x 20 | 20.00 | 20.00 | buyer to verify |
Listing Office: Keller Williams Success Realty
Last Updated: June - 10 - 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.
