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Lower Grand Lagoon 32408 Bel Air
8320 Surf Drive
$2,595,000
● House - Off Market

8320 Surf Drive

Panama City Beach, FL 32408
bedrooms
7 Beds
bathrooms
7 Baths, 2 Half Baths
$13,724
Est. Monthly

About This Property

New Construction, this 7 bedroom, 7 bath with a rec room is designed to be a rental machine and sleeps 24.  just footsteps away from the Gulf.  This Beach house is designed to maximize your rental income with plenty of break out areas for your guest and a pool and outdoor cooking area as well.  The house is fully furnished and already on rental with Ben's Beach Homes.
Unit Size
-
Days on Market
274 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 11 months ago (ECAR #971642)

Price History

Date / Event Date Event Price
Dec 19, 2025 Sold
Premium
Sold
Nov 13, 2025 In contract -
In contract
Mar 19, 2025 Listed by Beach Time Realty Inc $2,795,000
Listed by Beach Time Realty Inc
Feb 15, 2022 No longer available -
No longer available
Feb 15, 2022 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,488
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: BEL AIR
  • Land Acres: 0000000126
  • Standard Land Use Code: 8000
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: BEL AIR LOT 9 BLK 13 ORB 4524 P 139

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002605

Zoning

  • Zoning: BC23

Geography

  • Parcel: 30369-000-000
  • Block: 13
  • Lot: 9
  • Meridian: SEC 06 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1642
  • Longitude: -85.7856

    Address

  • Full Address: 8320 Surf Dr
  • Address - House Number: 8320
  • Address - Street Name: Surf
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C088
  • 4-Digit Zip Code: 4743
  • Zip Code: 32408

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $238,321
  • Tax Rate Code Area: 056

    Market Valuation

  • Market Total Value: $190,617
  • Market Land Value: $190,617

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $190,617
  • Assessed Land Value: $190,617

    Sales

  • Current Sale Contract Date: Feb 11, 2022
  • Current Sale Recording Date: Feb 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11050
  • Previous Sale Recording Date: Feb 22, 2019
  • Previous Sale Contract Date: Feb 19, 2019
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Bel Air

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$472

Below Asking

0.05%

Average Days on Market

133

Average Home Size

1640 ft²

Average Home Age

32.5 years

Currently For Sale

22 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 9860 S South Thomas Drive, Panama City, FL, 32408

$2,500 /mo

  • 3 Beds
  • 2 Baths
9860 S South Thomas Drive #711, Panama City, FL, 32408 Listing by Courtney C Simonds

Rentals Near You

Click here to view more rentals in the neighborhood.
ECAR

Listed by: Bill Thomas, Beach Time Realty Inc
Last Updated: 11 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 971642
IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 8320 Surf Drive built and last sold?
The property at 8320 Surf Drive was built in and last sold on Feb 11, 2022 for $440,000.
How much is this home worth?
The estimated value of the home located at 8320 Surf Drive is $0.
What are some comparable homes to 8320 Surf Drive?
There are currently no comparable homes to 8320 Surf Drive.
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