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Sold for $560,000
  • $560,000

    8687 Coral Reef Way, Panama City Beach, FL 32413

    3beds
    1,685sqft
    Single Family Residence
    Built in 2023
    6,534 Square Feet Lot
    $559,800 Zestimate®
    $332/sqft
    $3,193 Estimated rent

    Home value

    $559,800

    $532,000 - $593,000

    $3,193/mo

    Zestimate® history
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    What's special

    Screened lanaiLuxurious quartz countertopsDesigner tileCustom designer lightingExtensive crown moldingSpa-inspired primary bathPremium fixtures
    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Welcome to one of the most elegant homes you will ever see in Latitude Margaritaville Watersound! Timeless design, exceptional craftsmanship, and luxury finishes combine to create a residence that will shock your senses and surpass any and all professionally designed homes currently available. Located just minutes from Panama City Beach, Scenic Highway 30A, and the Emerald Coast's world-famous beaches, this better-than-new Coconut floor plan has been professionally curated by an accomplished interior designer and showcases a level of quality rarely found in today's new construction. From the moment you step through the elegant glass front door, you'll immediately notice the attention to detail. Extensive crown molding, custom designer lighting, decorative ceiling beams, premium hardwood flooring throughout, designer tile, and carefully selected finishes create an atmosphere that is both sophisticated and inviting. The heart of the home is a stunning chef's kitchen designed for both everyday living and effortless entertaining. Custom soft-close cabinetry, luxurious quartz countertops, designer fixtures, an elegant tile backsplash, pull-out pantry shelving, dedicated pots-and-pans storage, and thoughtfully designed cabinetry provide the perfect blend of beauty and functionality. The spacious great room offers an open, light-filled living area accented by decorative ceiling beams that add warmth and architectural character. Every space has been thoughtfully designed to flow seamlessly, creating an elegant yet comfortable home that lives beautifully. The owner's retreat is a true sanctuary featuring rich hardwood flooring that continues into the oversized walk-in closet, creating the feel of a luxury boutique hotel suite. The spa-inspired primary bath offers upgraded cabinetry with double banks of drawers, luxury quartz countertops, premium fixtures, and designer finishes that transform everyday routines into moments of relaxation. Even the details behind the walls have been considered. Additional electrical outlets have been added throughout the home for convenience, while attic pull-down stairs provide easy access to valuable storage. Premium ceiling fans, upgraded bathroom cabinetry, custom lighting, and countless designer enhancements ensure this home is every bit as functional as it is beautiful. The screened lanai provides the perfect extension of your living space, ideal for morning coffee, afternoon reading, or entertaining friends while enjoying the peaceful surroundings and gentle coastal breezes. Beyond your front door, Latitude Margaritaville Watersound offers an unmatched resort lifestyle featuring multiple restaurants and bars, a spectacular resort-style heated pool, indoor lap pool, state-of-the-art fitness center, pickleball and basketball courts, a full-size theater, Barkaritaville Dog Spa, woodworking studio, business center, countless clubs and social activities, and live entertainment nearly every day of the week. The rapidly expanding Watersound Town Center continues to add shopping, dining, banking, and future marina access, making this one of Northwest Florida's most exciting communities. This is far more than a beautiful home it's a meticulously upgraded Designer's Paradise where every finish was intentionally selected, every detail thoughtfully considered, and every space created to elevate daily living. Simply move in, relax, and enjoy the luxury all around. It's 5 O'clock somewhere so get that golf cart ready to enjoy the lifestyle you spent your whole life waiting for!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeremy A Mertens 423-805-0518,

    Watersound Real Estate,

    Robert McGuigan 850-329-8454,

    Watersound Real Estate

    Bought with:

    Alisa Walley, 3587466

    Coldwell Banker Realty

    Source: CPAR,MLS#: 791927MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Bedroom, Living Room, Primary Bedroom
    Primary bedroom
    • Level: First
    • Dimensions: 13.2 x 15.1
    Bedroom
    • Level: First
    • Dimensions: 12.6 x 11.2
    Living room
    • Level: First
    • Dimensions: 15.2 x 18.7
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Electric Cooktop, Gas Water Heater
    Features
    • Double Vanity, Main Level Primary, Walk-In Closet(s)
    Interior area
    • Total structure area: 1,685
    • Total interior livable area: 1,685 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Gated
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Patio, Porch, Screened
    • Exterior features: Porch
    • Pool features: Community
    • Spa features: Community
    • On waterfront: Yes
    Lot
    • Size: 6,534 Square Feet
    • Dimensions: 50.0 ft x 131.0 ft
    Details
    • Parcel number: 32503350116
    • Zoning description: Resid Single Family
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Mediterranean
    • Property subtype: Single Family Residence
    Materials
    • HardiPlank Type, Wood Frame
    • Foundation: Slab
    Condition
    • New construction: No
    • Year built: 2023

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Cable Connected, Electricity Available, Underground Utilities

    Community & HOA

    Community
    • Features: Basketball Court, Clubhouse, Conference/Meeting Room, Fitness Center, Fishing, Pool, Shopping, Tennis Court(s), Waterfront, Gated
    • Security: Gated Community, Security Gate
    • Senior community: Yes
    • Subdivision: Latitude at Watersound
    HOA
    • Has HOA: Yes
    • Amenities included: Gated, Gazebo
    • Services included: Fitness Facility, Maintenance Grounds, Pool(s), Recreation Facilities, Tennis Courts
    • HOA fee: $337 monthly
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $332/sqft
    • Tax assessed value: $394,095
    • Annual tax amount: $4,422
    • Date on market: 6/26/2026
    • Cumulative days on market: 6 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    7/31/2026Sold$560,000-2.6%$332/sqft
    Source: CPAR #791927 Report a problem
    7/2/2026Pending sale$575,000$341/sqft
    Source: CPAR #791927 Report a problem
    6/26/2026Listed for sale$575,000+5%$341/sqft
    Source: CPAR #791927 Report a problem
    2/13/2026Listing removed$547,500$325/sqft
    Source: eXp Realty #769440 Report a problem
    1/19/2026Price change$547,500-0.4%$325/sqft
    Source: ECAOR #969200 Report a problem
    12/29/2025Price change$549,900-0.9%$326/sqft
    Source: ECAOR #969200 Report a problem
    11/14/2025Price change$555,000-1.1%$329/sqft
    Source: ECAOR #969200 Report a problem
    11/4/2025Price change$561,000-3.7%$333/sqft
    Source: ECAOR #969200 Report a problem
    9/16/2025Price change$582,500-0.4%$346/sqft
    Source: ECAOR #969200 Report a problem
    8/5/2025Price change$585,000-1.7%$347/sqft
    Source: ECAOR #969200 Report a problem
    6/17/2025Price change$595,000-2.4%$353/sqft
    Source: ECAOR #969200 Report a problem
    6/9/2025Price change$609,900-3.2%$362/sqft
    Source: ECAOR #969200 Report a problem
    6/3/2025Price change$629,900-1.6%$374/sqft
    Source: ECAOR #969200 Report a problem
    5/22/2025Price change$639,900-1%$380/sqft
    Source: ECAOR #969200 Report a problem
    5/6/2025Price change$646,500-0.4%$384/sqft
    Source: ECAOR #969200 Report a problem
    4/16/2025Price change$649,000-0.9%$385/sqft
    Source: ECAOR #969200 Report a problem
    4/3/2025Price change$655,000-1.5%$389/sqft
    Source: ECAOR #969200 Report a problem
    3/10/2025Price change$664,900-1.5%$395/sqft
    Source: ECAOR #969200 Report a problem
    2/21/2025Listed for sale$675,000+6.3%$401/sqft
    Source: ECAOR #969200 Report a problem
    6/21/2024Sold$635,000-2.3%$377/sqft
    Source: CPAR #758275 Report a problem
    6/18/2024Pending sale$650,000$386/sqft
    Source: ECAOR #951576 Report a problem
    6/5/2024Listed for sale$650,000+37.1%$386/sqft
    Source: ECAOR #951576 Report a problem
    7/3/2023Sold$474,000$281/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,422 +1068.1%$394,095 +1203.6%
    2023$379 $30,231 +1561%
    2022-- $1,820
    Find assessor info on the county website

    Neighborhood: 32413

    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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