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Harrison Lilly Team

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

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8614 Surf Dr , Panama City, FL 32408
$4,000,000
Est. Payment: $22,099.42/mo
7723 Sqft
0.52 Acres
Status: Active | Days on site: 409
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BCRR - B11950,B3500
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Harrison Lilly Team
Owner/Operator

House Description

Exceptional Investment Opportunity in Prime Beachfront Location This commercial property, strategically zoned for high-intensity development, presents a rare chance to own a substantial parcel of land exceeding half an acre, situated directly across from the stunning beaches and the Gulf of Emerald Coast. The income-producing 11-unit inn, fully furnished and impeccably maintained, offers a unique opportunity for immediate cash flow and potential for expansion to 14 units, capitalizing on the area's high demand for accommodations. The property's expansive lot provides a canvas for redevelopment, allowing investors to explore various scenarios, including single-family residences, multi-family units, or a mix of both, thereby maximizing the potential for returns on investment. With its prime location and versatile zoning, this property is an investor's dream, offering endless possibilities for creative development and revenue generation. The property offers convenient beach Access, Providing an exceptional lifestyle. Its prime location give you easy access to a wide range of activities and amenities, all within walking distance. Enjoy swimming, sunbathing, and water sports on the pristine beaches, or explore the nearby parks and fresh water springs. The area is also known for its vibrant events calendar, featuring live music, festivals, and cultural events that attract tourists and locals alike. Studio units in Panama City Beach have consistently demonstrated exceptional performance, boasting some of the highest income potential and capitalization rates in the market. With its high tourist turnover and strong demand for short-term rentals, this property is poised to deliver significant returns on investment, making it an attractive opportunity for savvy investors seeking to capitalize on the area's growing popularity. This exceptional investment opportunity is not to be missed. Contact your preferred real estate agent today to schedule a tour and explore the vast potential of this remarkable property. We kindly request that guests not be disturbed. With its unparalleled location, income-generating potential, and endless possibilities for development, this property is sure to be a crown jewel in any investor's portfolio. Buyer to verify all information deemed important.

Highlights

Listed by Lolita G Millyard , 850-640-8421 and Katie L Patronis , 850-960-0474 CENTURY 21 Ryan Realty Inc , 850-233-7926. Bay County Association of REALTORS

Property Type

Commercial Sale

Lot/Acreage
0.52

Year Built

1984

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Bel Air 1st Add

Listing ID

771996

Questions about this listing?

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Interior Features

Exterior Features

Principal Interest
$22,099
Taxes
$2,550

Home Price

$4,000,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$800,000
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:
$22,099.42

Principal

Taxes

Principal Taxes HOA Total
Monthly $22,099.42 $2,550.00 $0.00 $24,649.42
Yearly $265,193.09 $30,600.00 $0.00 $295,793.09
Total $7,955,792.58 $918,000.00 $0.00 $8,873,792.58

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: 2026-10-07T08:26:25.000Z

© 2026 Bay County Association of REALTORS