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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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8524 Surf Dr , Panama City, FL 32408
$2,900,000
Est. Payment: $16,022.08/mo
4740 Sqft
0.5 Acres
Status: Active | Days on site: 169
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Harrison Lilly Team
Owner/Operator

House Description

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. 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. 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.

Highlights

Listed by Kay C Blanchard , 850-960-8577 Beachy Beach Real Estate , 850-233-4351. Bay County Association of REALTORS

Property Type

Commercial Sale

Lot/Acreage
0.5

Year Built

1962

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Bel Air 1st Add

Listing ID

788821

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Interior Features

Exterior Features

Lot:Cleared,Level
Zoning:Resid Multi-Family
Roof:Shingle
Parking Features:Paved
Principal Interest
$16,022
Taxes
$1,849

Home Price

$2,900,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$580,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$16,022.08

Principal

Taxes

Principal Taxes HOA Total
Monthly $16,022.08 $1,848.75 $0.00 $17,870.83
Yearly $192,264.99 $22,185.00 $0.00 $214,449.99
Total $5,767,949.62 $665,550.00 $0.00 $6,433,499.62

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T08:07:44.000Z

© 2026 Bay County Association of REALTORS