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For sale
  • Price cut: $5K (8/3)
    $644,900

    8475 Coral Reef Way, Panama City Beach, FL 32413

    2beds
    2,072sqft
    : 
    $4,442/mo
    Get pre-qualified
    Single Family Residence
    Built in 2021
    6,969 Square Feet Lot
    $627,200 Zestimate®
    $311/sqft
    $389/mo HOA

    What's special

    Thoughtfully selected finishes throughoutAbundant natural lightBreathtaking preserve viewsOpen-concept floor planExceptional upgradesWell-appointed kitchenWhole-house plantation shutters
    Welcome to 8475 Coral Reef Way, where exceptional upgrades, breathtaking preserve views, and an active coastal lifestyle come together in one remarkable home. This beautifully maintained 2 bedroom, 2.5 bathroom with bonus room, single-family residence offers the perfect balance of luxury, comfort, and convenience in one of Panama City Beach's most desirable gated communities. Designed for both everyday living and entertaining, the open-concept floor plan features spacious living areas, abundant natural light, upgraded appliances, whole-house plantation shutters, and thoughtfully selected finishes throughout. The well-appointed kitchen flows seamlessly into the dining and living spaces, creating an inviting atmosphere for gatherings with family and friends. The private owner's suite provides a peaceful retreat, while additional guest accommodations offer comfort and flexibility for visitors. Step outside to enjoy tranquil preserve views, creating a picturesque setting for morning coffee, evening cocktails, or simply relaxing and enjoying Florida's natural beauty. Residents enjoy access to an impressive collection of resort-inspired amenities, including an on-site restaurant overlooking the Intracoastal Waterway, a bandshell hosting live music and community events, a fitness center, resort-style pool, pickleball courts, tennis courts, bocce ball courts, walking trails, and a dedicated dog park. The community is both golf-cart friendly and dog friendly, making it easy to enjoy the neighborhood, visit friends, attend events, or take your four-legged companion out for a stroll. The recreational amenities are just a 10-minute walk or a 2-minute golf cart ride from the home. Everyday convenience continues to improve with a new Publix grocery store planned at the entrance to the community, along with additional retail shops, dining options, and service businesses that will further enhance the neighborhood lifestyle. Current shopping, dining, and entertainment destinations, including Pier Park, are approximately 8 miles away. Medical facilities, including major healthcare providers and specialty services, are within approximately 10 miles, while Northwest Florida Beaches International Airport is approximately 12 miles away, making travel convenient for both residents and guests. Whether you're seeking a primary residence, seasonal retreat, or the next chapter of an active Florida lifestyle, 8475 Coral Reef Way offers an outstanding opportunity to enjoy beautiful surroundings, premium upgrades, a welcoming neighborhood atmosphere, and easy access to everything Panama City Beach has to offer. Seller will consider lease to buy option.
    61 days
    |
    418
    |
    11
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Nancy A Sickles 850-775-0184,

    Palms to Pines Real Estate LLC

    Source: CPAR,MLS#: 790824MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Bedroom, Den, Dining Room, Great Room, Primary Bedroom, Screened Porch
      Primary bedroom
      • Level: First
      • Dimensions: 14.4 x 16.2
      Bedroom
      • Level: First
      • Dimensions: 13.3 x 11.7
      Den
      • Level: First
      • Dimensions: 11.4 x 18.7
      Dining room
      • Level: First
      • Dimensions: 8.7 x 11.6
      Great room
      • Level: First
      • Dimensions: 14.8 x 18.4
      Screened porch
      • Level: First
      • Dimensions: 24.8 x 19.4
      Heating
      • Electric, Forced Air
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: ENERGY STAR Qualified Appliances, Electric Water Heater, Gas Range
      Features
      • Double Vanity, Main Level Primary, Smart Home, Smart Thermostat, Walk-In Closet(s), Home Theater
      Interior area
      • Total structure area: 2,072
      • Total interior livable area: 2,072 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage
      • Garage spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered, Patio, Porch, Screened
      • Exterior features: Porch, Rain Gutters
      • Pool features: Community
      Lot
      • Size: 6,969 Square Feet
      • Dimensions: 49 x 131
      • Features: Cul-De-Sac, Sprinkler System
      Details
      • Parcel number: 32503200302
      • Zoning description: Resid Single Family
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Florida
      • Property subtype: Single Family Residence
      Materials
      • HardiPlank Type, Vinyl Siding, Wood Frame
      • Foundation: Slab
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 2021

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Electricity Available, Underground Utilities
      Green energy
      • Energy efficient items: Appliances

      Community & HOA

      Community
      • Features: Basketball Court, Business Center, Fitness Center, Media Room, Pool, Tennis Court(s), Gated
      • Security: Security Gate, Gated Community, Key Card Entry
      • Subdivision: Latitude at Watersound
      HOA
      • Has HOA: Yes
      • Amenities included: Business Center, Gated
      • Services included: Association Management, Fitness Facility, Insurance, Legal/Accounting, Maintenance Grounds, Other, Pool(s), See Remarks, Tennis Courts
      • HOA fee: $389 monthly
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $311/sqft
      • Tax assessed value: $489,564
      • Annual tax amount: $5,783
      • Date on market: 6/4/2026
      • Cumulative days on market: 61 days
      • Electric utility on property: Yes

        Estimated market value

        $627,200

        $596,000 - $659,000

        $3,097/mo

        Price history

        DateEventPrice
        8/3/2026Price change$644,900-0.8%$311/sqft
        Source: CPAR #790824 Report a problem
        7/11/2026Price change$649,900-2.3%$314/sqft
        Source: CPAR #790824 Report a problem
        6/26/2026Price change$664,900-0.7%$321/sqft
        Source: CPAR #790824 Report a problem
        6/5/2026Listed for sale$669,900+17.7%$323/sqft
        Source: CPAR #790824 Report a problem
        2/25/2022Sold$569,000-1.7%$275/sqft
        Source: CPAR #720603 Report a problem
        2/23/2022Pending sale$579,000$279/sqft
        Source: CPAR #720603 Report a problem
        1/18/2022Contingent$579,000$279/sqft
        Source: CPAR #720603 Report a problem
        1/12/2022Price change$579,000-3.3%$279/sqft
        Source: CPAR #720603 Report a problem
        12/31/2021Listed for sale$599,000+23.4%$289/sqft
        Source: CPAR #720603 Report a problem
        12/28/2021Sold$485,400$234/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$5,601 +0.2%$489,564 +1.6%
        2023$5,588 +15.2%$482,059 +15.7%
        2022$4,852 $416,727
        2021-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32413

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: West Bay
        • Middle: Surfside
        • High: Arnold

        Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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