Listed at $650 a sq ft this property is the best priced beach house or gulf front town home in Panama City Beach. This stunning Gulf front has a ton of character and offers endless possibilities. This home sits on one of the nicest gulf front lots in PCB. With a little updating this home could be converted into a beautiful luxury beach house. This home has many options to provide a good return on your investment. Great first year rental numbers and bookings! Rental projections are $385k+ annually.
Property Details
Property Features
Property Information:
Architectural Style: Coastal
Year Built: 1999
Living Area: 5,320 SqFt
Listing Office:
Office Name: Beach Time Realty, Inc
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 8
Total Bedroom Count: 8
Exterior Features
Exterior Information:
Private Pool: Yes
Waterfront: Gulf, Sandy Shoreline
View: Gulf
Parking Information:
Parking: Carport, Paved
Lot Features
Lot Information:
Lot Size: 0.08 Acres
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: 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: $3,499,999
Price Per SqFt: $658/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Panama City, FL.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$17.5K
Per Month
Principal & Interest
$17.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$10.5K
Powered By
Advertisement
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
6
/10
Breakfast Point Academy
601 North Richard Jackson Blvd
Distance between this listing and this school2.54 miles
Public District Grades PK-8
High School
5
/10
J.R. Arnold High School
550 N Alf Coleman Rd
Distance between this listing and this school3.31 miles
Public District Grades 9-12
Nearby Schools
7
/10
Patronis Elementary School
7400 Patronis Dr
Distance between this listing and this school1.30 miles
Public District Grades PK-5
5
/10
Hutchison Beach Elementary School
12900 Hutchison Blvd
Distance between this listing and this school4.03 miles
Public District Grades PK-5
9
/10
University Academy (Sabl, Inc.)
4750 Collegiate Dr
Distance between this listing and this school4.10 miles
Public Charter Grades KG-4
Assigned Schools
6
/10
Breakfast Point Academy
601 North Richard Jackson Blvd
Distance between this listing and this school2.54 miles
Public District Grades PK-8
Nearby Schools
5
/10
Surfside Middle School
300 Nautilus St
Distance between this listing and this school5.12 miles
Public District Grades 6-8
7
/10
North Bay Haven Charter Academy Middle School
1104 Balboa Ave
Distance between this listing and this school6.58 miles
Public Charter Grades 6-8
Assigned Schools
5
/10
J.R. Arnold High School
550 N Alf Coleman Rd
Distance between this listing and this school3.31 miles
Public District Grades 9-12
Nearby Schools
7
/10
Bay Virtual Franchise
1311 Balboa Ave
Distance between this listing and this school6.53 miles
Public District Grades 6-12
9
/10
North Bay Haven Career Academy
1104 Balboa Ave
Distance between this listing and this school6.58 miles
The neighbors living near this home have an average income of $73,465. Residents of Panama City, FL typically earn between $35k-100k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8221 Surf Dr Unit 1 & 2
What is the listing price of this property?
The listing price of 8221 Surf Dr Unit 1 & 2 property is $3,499,999.
What type of property is this?
The property 8221 Surf Dr Unit 1 & 2 is a house located in Panama City Beach, Florida, 32408.
Is this property for sale now?
Active Listing: 8221 Surf Dr Unit 1 & 2 is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 8221 Surf Dr Unit 1 & 2 are: Breakfast Point Academy: GreatSchools Rating 6/10J.R. Arnold High School: GreatSchools Rating 5/10
How many bedrooms and bathrooms does this property have?
The property at 8221 Surf Dr Unit 1 & 2 has 8 bedrooms and 8 bathrooms.
What is the square footage of this property?
The property 8221 Surf Dr Unit 1 & 2 is 5,320 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 8221 Surf Dr Unit 1 & 2 is 1999.
Interested in 8221 Surf Dr Unit 1 & 2? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 8221 Surf Dr Unit 1 & 2 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 October 01, 2024 and is currently priced at $3,499,999.
Panama City, FL housing market in September 2024 saw over 15 listings sold above listed price, more than 47 sold at listed price and over 99 sold below. In September 2024 in Panama City, FL there were 2.3% less homes for sale than in August 2024. Listings spent 71 days on the market in September 2024, and had a median list price of $338,557 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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.
Continuing Education Courses
Continuing Education Courses
Soccer
Figure Skating
Express/Express For Men
Forever 21
Chico's
Qdoba
Dominos Pizza
Bob Evans
Volkswagen
Mazda
Oldsmobile
Urban Contemporary
Rhythmic Contemporary Hits
News