When was property at 8701 Surf Drive built and last sold?

The property at 8701 Surf Drive was built in 1955 and last sold on Apr 30, 2020 for $975,000.

How much is this home worth?

The estimated value of the home located at 8701 Surf Drive is $8,181,000.

What are some comparable homes to 8701 Surf Drive?

There are currently no comparable homes to 8701 Surf Drive.

Lower Grand Lagoon

32408

8701/ 8711 Surf Drive

Map

$8,100,000

● House - For Sale

8701/ 8711 Surf Drive

Panama City Beach, FL 32408

14 Beds

16 Baths, 2 Half Baths

9,150 Ft²

$41,841

Est. Monthly

About This Property

Two homes, endless possibilities! Offered together as a package, 8701 A and 8711 Surf Drive in Panama City Beach feature a combined 14 bedrooms, 17 bathrooms, and approximately 9,150 square feet of heated and cooled living space. 8701 is scheduled for completion in January 2027, just in time for spring break and summer rental season! Imagine bachelor and bachelorette getaways, corporate retreats, group celebrations, or beach vacations.
The location puts you near the newly opened Tootsie's Orchid Lounge, bringing Nashville-style live music and entertainment to Panama City Beach. Schooners, St. Andrews State Park, Shell Island excursions, and Pier Park add even more to explore. An appealing package for personal use or potential vacation rental investment.

Unit Size

9,150 Ft²

Days on Market

5 days

Land Size

0.11 acres

Price per sqft

$885

Property Type

House

Property Taxes

$2,068

HOA Dues

Year Built

1955

Listed By

Compass Florida, LLC

Southern Beach Realty LLC

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Last updated: 5 days ago (ECAR #1014853)

Price History

Date / Event	Date	Event
Nov 3, 2026	Listed by Compass	$8,100,000
Listed by Compass
Apr 30, 2020	Sold	Premium
Sold

Property Highlights

Air Conditioning

Interior Details

Half Bathrooms: 2

Full Bathrooms: 16

Interior Features: Kitchen Island, Ceiling Vaulted, Lighting Recessed, Washer/Dryer Hookup

Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range Hood, Refrigerator, Gas Water Heater, Security System

Flooring Type: Vinyl

Rooms: 16

Exterior Details

Square Footage: 9150

Property Condition: Construction Complete

Architectural Style: Beach House

Year Built: 2026

Waterfront Features: Gulf

Building Area Total: 9150

Window Features: Double Pane Windows

Construction Materials: Concrete, Siding CmntFbrHrdBrd

Patio and Porch Features: Covered, Covered

Pool Features: Pool - In-Ground, Pool Type

Pool is Private

Lot Size Area: 0.11

Lot Size Units: Acres

Lot Size Acres: 0.11

Lot Size Square Feet: 4791.6

Lot Size Dimensions: 35x125

Financial Details

Tax Annual Amount: $24,813

Utilities Details

Cooling Type: Ceiling Fan(s), Central Air

Heating Type: Central

Sewer : Public Sewer

Building Info

Overview

General

Year Built: 1955

Effective Year Built: 1955
Building Count: 1
Bedroom Count: 4
Bathroom Count: 4
Full Bathrooms: 4
Partial Bathrooms: 4
Building Condition: 0
Building Quality: 7
Construction Type: 0
Building Style: 34
Exterior Walls Type: 7
Interior Walls Type: 3
Roof Shape Type: 7
Roof Cover Type: 14
Floor Count: 100
Living Units: 2
Floor Cover: 14
Basement Type: 0
Basement Area: 0
Parking Type: 1
Garage Type: 4
Garage Square Area: 812
Parking Space Count: 0
Patio Type: 79
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 7,492

Lot Size Depth Feet: 1,250
Lot Size Frontage Feet: 600
Total Building Area: 2,481
Gross Building Area: 2,481
Building Area: 2,481
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 2,481
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: 2ND ADD TO BEL AIR
Land Acres: 0000000172
Standard Land Use Code: 1110
County Land Use Code: 000800
State Land Use Code: 08
Legal Description 1: 6 4S 15W -5- 58B3 COM AT NWLY COR OF LOT 1 BLK 3 2ND ADD TO BEL AIR AMENDED TH NWLY ALONG SLY R/W OF SURF DR 10 FOR POB TH SWLY 124.40 NWLY 60 NELY 126.75 TO SLY R/W LINE OF SURF DRIVE SELY 60 TO POB ORB 779 P 110 ORB 4247 P 789

Neighborhood

School District Name: Bay County School District

Census Tract: 002605

Zoning

Zoning: BC23

Geography

Parcel: 30192-000-000

Block: 3
Lot: 1
Meridian: SEC 06 TWN 04S RNG 15W
Municipality: FIRE BEACH MOSQUITO
Latitude: 30.1663
Longitude: -85.7897

Address

Full Address: 8701 Surf Dr

Address - House Number: 8701
Address - Street Name: Surf
Address - Suffix Type: Dr
State: FL
City Name: Panama City
Carrier Code: C088
4-Digit Zip Code: 4720
Zip Code: 32408

Valuation

Tax

Total Area: 2,928

Tax Year: 2023
Tax Amount: $1,700,205
Tax Rate Code Area: 056

Appraisal Valuation

Standard Deviation: 0.4882

Valuation Date: Dec 20, 2023
Confidence Score: 2
Final Value: 2,463,382
High Value: 3,666,141
Low Value: 1,260,622

Market Valuation

Market Total Value: $1,639,479

Market Land Value: $1,551,000
Market Improvement Value: $88,479

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $1,135,789

Sales

Current Sale Contract Date: Apr 30, 2020

Current Sale Recording Date: Apr 30, 2020
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2020028761

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Lower Grand Lagoon

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$408

Below Asking

0.02%

Average Days on Market

126

Average Home Size

1437 ft²

Average Home Age

32.3 years

Currently For Sale

255 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.

Listed by: Christina M Schlink, Compass
Last Updated: 5 days ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1014853

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.