Skip main navigation
For sale
    • $475,000

    8688 Coral Reef Way, Panama City Beach, FL 32413

    2beds
    1,368sqft
    : 
    $3,325/mo
    Get pre-qualified
    Single Family Residence
    Built in 2023
    3,920 Square Feet Lot
    $456,900 Zestimate®
    $347/sqft
    $341/mo HOA

    What's special

    Many upgradesAll-new appliances
    This isn't just a home--it's your opportunity to enjoy the ultimate resort lifestyle at Latitude Margaritaville Watersound, one of Florida's premier 55+ active adult communities. Located just 10 miles south of Panama City Beach, you'll be minutes from the Gulf Coast's sugar-white sand beaches and emerald-green waters, with more than 150 public beach access points nearby. Enjoy low HOA fees and an incredible collection of resort-style amenities designed for recreation, relaxation, and social living. The vibrant Town Square features FINtastic dining, live entertainment, clubs, events, fitness facilities, pools, pickleball, and more--all conveniently accessible by golf cart. Ideally situated just off the Scenic Highway 30A corridor, this community offers easy access to approximately 20 miles of some of the world's most beautiful coastline, along with shopping, dining, golf, fishing, and outdoor recreation. Whether you're looking for a full-time residence or the perfect place to enjoy your next chapter, Latitude Margaritaville Watersound offers the ''License to Chill'' lifestyle you've been dreaming of. A future marina is also planned, adding even more to this exceptional coastal community. This Dreamsicle cottage has a distinct Tropical Vibe and boasts many upgrades and all-new appliances.
    41 days
    |
    267
    |
    14
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Pat T Fisher 850-865-8589,

    Pat T. Fisher Broker

    Source: CPAR,MLS#: 792233MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Bedroom, Dining Room, Garage, Kitchen, Living Room, Primary Bedroom, Bonus Room
      Primary bedroom
      • Level: First
      • Dimensions: 13 x 12
      Bedroom
      • Level: First
      • Dimensions: 13 x 11
      Bonus room
      • Level: First
      • Dimensions: 12 x 8
      Dining room
      • Level: First
      • Dimensions: 12 x 11
      Garage
      • Level: First
      • Dimensions: 21 x 20
      Kitchen
      • Level: First
      • Dimensions: 13 x 11
      Living room
      • Level: First
      • Dimensions: 17 x 15
      Heating
      • Central
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Electric Cooktop, Electric Oven, Gas Water Heater
      Features
      • Main Level Primary, Shower Only, Walk-In Closet(s), Home Theater
      • Windows: Double Pane Windows
      Interior area
      • Total structure area: 1,368
      • Total interior livable area: 1,368 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage, Garage Door Opener, Paved
      • Garage spaces: 2
      Accessibility
      • Accessibility features: Central Living Area
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered, Porch
      • Pool features: Community
      • Spa features: Community
      • On waterfront: Yes
      Lot
      • Size: 3,920 Square Feet
      • Dimensions: 35.0 ft x 110.0 ft
      • Features: Sprinkler System
      Details
      • Parcel number: 32503350506
      • Zoning description: Resid Multi-Family
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Coastal
      • Property subtype: Single Family Residence
      • Attached to another structure: Yes
      Materials
      • HardiPlank Type, Vinyl Siding
      • Foundation: Slab
      • Roof: Composition,Shingle
      Condition
      • New construction: No
      • Year built: 2023

      Utilities & green energy

      • Sewer: Public Sewer, Sewer Tap Paid
      • Utilities for property: Electricity Available

      Community & HOA

      Community
      • Features: Business Center, Clubhouse, Fitness Center, Media Room, Park, Pool, Tennis Court(s), Waterfront, Gated
      • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
      • Senior community: Yes
      • Subdivision: Latitude at Watersound
      HOA
      • Has HOA: Yes
      • Amenities included: Business Center, Gated, Gazebo, Picnic Area, Spa/Hot Tub
      • Services included: Fitness Facility, Fishing Rights, Legal/Accounting, Maintenance Grounds, Pool(s), Recreation Facilities, Tennis Courts
      • HOA fee: $341 monthly
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $347/sqft
      • Tax assessed value: $324,261
      • Annual tax amount: $2,717
      • Date on market: 7/6/2026
      • Cumulative days on market: 42 days
      • Electric utility on property: Yes

        Estimated market value

        $456,900

        $434,000 - $480,000

        $2,709/mo

        Price history

        DateEventPrice
        7/6/2026Listed for sale$475,000+4.3%$347/sqft
        Source: CPAR #792233 Report a problem
        4/17/2025Sold$455,400-4.3%$333/sqft
        Source: CPAR #758487 Report a problem
        3/3/2025Contingent$476,000$348/sqft
        Source: CPAR #758487 Report a problem
        2/17/2025Price change$476,000-0.8%$348/sqft
        Source: CPAR #758487 Report a problem
        2/8/2025Listed for sale$480,000-3.8%$351/sqft
        Source: CPAR #758487 Report a problem
        7/28/2024Listing removed--
        Source: CPAR #758487 Report a problem
        6/12/2024Listed for sale$498,900+33%$365/sqft
        Source: CPAR #758487 Report a problem
        5/25/2023Sold$375,100$274/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,717 +617.7%$256,042 +747%
        2023$379 $30,231 +1561%
        2022-- $1,820
        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.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        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.

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Panama City Beach Topics

                Search
                Updates
                Favorites
                Plan
                Inbox