$2,900,000
Panama City Beach, FL 32408
MLS# 1010034
1 / 103
Property 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 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.
Details
Contract Info
Listing Board: Emerald Coast
List Date: 2026-04-06
List Price: $2,900,000
Location, Tax and Legal
Sub Area: 2719 - Beach - East
Legal Description: BEL AIR 1ST ADDLOT 10 LESS S 70' AND LOTS11 & 12
General Property Info
Listed on GCCMLS: No
Vacant: No
Immediate Occupancy: Yes
Acreage: 0.5
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: 1
Multi-Family: 1
Construction Status
Existing: 1
Hotel/Motel
Year Built: 1960
Building SqFt: 4740
# of Rooms: 6
Multi-Family
Year Built: 1960
Building SqFt: 4740
# of Units: 6
None
Current Price: $2,900,000
Status Change Info
Status: Active
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
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.
