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Short-Term Rental Townhome with Gulf Views
For Sale
$439,000

8706 Surf Drive, Panama City Beach, FL 32408

Residential, Panama City Beach, FL

Property Size1,150 SF
Lot Size0.04 Acres
Price / SF$381.74
Days on Market166

Property Features for 8706 Surf Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Resid Multi-Family
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Laundry Room, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Parking 3
Parking features Carport
Window features Window Treatments, Double Pane Windows
Interior features Newly Painted, Washer/Dryer Hookup
Exterior features Balcony, Fenced Back Yard, Yard Building
Fencing Back Yard, Privacy
Appliances Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Smooth Stovetop Rnge, Stove/Oven Electric, Washer, Water Heater - Elect
Subdivision BEL AIR 2ND ADDN
Lot features Within 1/2 Mile to Water
Elementary school Breakfast Point
Middle school Breakfast Point
High school Arnold
Directions At the intersection of Thomas Drive and Joan Avenue, go south on Joan Avenue, road turns in front of Gulfcrest condos, second townhouse on left after condos.
Standard status Active
APN 30466-009-000
Size 1,150 SF
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Bel Air 2nd Add Beg 16.63' Sely Of Nw Cor Of Lot 10 Th Cont Sely 15.01' Swly 119.88' Nwly 15.01' Nely 119.97' To Pob Aka Unit B Blk 2 Map 58B3 Orb 4062 P 1657
Tax Annual Amount 1652
Legal Description Bel Air 2nd Add Beg 16.63' Sely Of Nw Cor Of Lot 10 Th Cont Sely 15.01' Swly 119.88' Nwly 15.01' Nely 119.97' To Pob Aka Unit B Blk 2 Map 58B3 Orb 4062 P 1657

Utilities

Sewer type Septic Tank
Heating system Central
Cooling system Central Air

Amenities

private patio
fenced backyard
private garage
full-size washer and dryer

Building Details

Year built 1983
Floors in Building 2
Flooring type Vinyl
Building materials Stucco, Trim Wood
Architectural style Other
Listing Agency: Compass
Listed By: Christina M Schlink · License #3137018
Added: Mar 31 Changed: Sep 11 Last Checked: Sep 12 at 8:06AM
MLS# 999343

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This furnished townhome provides 1,150 square feet with two bedrooms, two bathrooms, and a practical layout for personal use, second-home occupancy, or rental use. The kitchen, bathrooms, and flooring were renovated in 2019, while the interior and furnishings were refreshed in 2025. A full-size washer and dryer, vinyl flooring, central heating, and central air add everyday functionality. Outdoor features include a private patio with Gulf views and a fenced backyard.

The property sits directly across from the Gulf, with two public beach access points nearby. Pier Park, St. Andrews State Park, marinas, waterfront dining, shopping, and local restaurants are also identified in the surrounding area. The property is zoned Resid Multi-Family and includes a 0.04-acre lot.

Key Highlights

  • Directly across from the Gulf with two public beach access points nearby
  • 2 bedrooms and 2 bathrooms within 1,150 square feet
  • Kitchen, bathrooms, and flooring renovated in 2019

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Building Supply Dental Office Auto Parts Store Law Firm Big Box & Wholesale Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

373
Businesses Nearby

Demographics for 32408, FL

17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - A two-bedroom, two-bath layout includes updated interiors, a private patio, and furnished accommodation.
Where is this short term rental property located?
The property is located at 8706 Surf Drive Panama City Beach, FL.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Directly across from the Gulf with two public beach access points nearby; 2 bedrooms and 2 bathrooms within 1,150 square feet; Kitchen, bathrooms, and flooring renovated in 2019
More about this property
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