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Sold for $450,000
  • $450,000

    8724 Pencil Thin Ave, Panama City Beach, FL 32413

    2beds
    1,481sqft
    Single Family Residence
    Built in 2024
    0.86 Acres Lot
    $445,000 Zestimate®
    $304/sqft
    $2,879 Estimated rent

    Home value

    $445,000

    $401,000 - $494,000

    $2,879/mo

    Zestimate® history
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    What's special

    Sun-soaked lanaiLuxurious screened-in lanaiHigh-end quartz countertopsSpacious walk-in laundry roomCustom wood beamsVaulted ceilingsAccent walls
    Luxury Retirement Living at Latitude Margaritaville Watersound!!!! Welcome to 8724 Pencil Thin Avenue — featuring the Aloha floorplan, the largest of the cottage models offered in the highly desirable Margaritaville in Panama City Beach, a premier 55+ active adult community where luxury meets leisure along Florida's breathtaking Emerald Coast. Thoughtfully designed with over $107,000 in premium upgrades, this stunning home offers almost 1,500 square feet of refined coastal living. Every detail reflects a seamless blend of comfort, style, and vibrant retirement living at its finest. This home is being sold fully furnished, featuring a professionally styled selection of high-quality furniture, purchased at a value exceeding $25,000. The furnishings have only been used a handful of times and are in like-new condition, making this a truly turnkey opportunity. 2 Bedrooms + Bonus Flex Room | 2 Bathrooms | Almost 1,500 Sq Ft 2-Car Garage | Screened-In Lanai. Premium Interior Finishes & Upgrades Include: Modern stained cabinetry with vaulted ceilings and custom wood beams, High-end quartz countertops, designer backsplash, and upgraded stainless steel appliances, including a premium cooktop and range, Kitchen features pull-out drawers in the lower cabinets for added functionality and convenience, Accent walls in the primary bedroom and dining area for added elegance, Shiplap wall accents, designer lighting, and upgraded trim throughout, A luxurious screened-in lanai - perfect for relaxing or entertaining outdoors in total comfort, A spacious walk-in laundry room with upgraded tile flooring and ample storage, All closets are outfitted with custom Java-style wooden ventilated shelving for style and improved airflow. Bonus Living Area / Flex Room A beautifully lit and versatile space ideal for use as a home office, reading nook, craft studio, or guest room — tailored to your lifestyle. Latitude Margaritaville Watersound - A 55+ Resort-Style Community with Big Plans Ahead: Enjoy an unmatched lifestyle in one of Florida's most talked-about active adult communities: Resort-style pools, a state-of-the-art fitness center, on-site restaurants, bars, live music venues, and a thriving town center, Private beach club access with convenient shuttle service, Pickleball courts, walking and biking trails, dog parks, and year-round community events, A gated, golf-cart-friendly neighborhood designed for connection, convenience, and fun. Ideal Location & Exciting Future Development: Just minutes from boat ramps, kayaking spots, and waterfront restaurants in West Bay, Almost direct access to Northwest Florida Beaches International Airport (ECP) — only a short drive from the community entrance, Future plans include a full-service marina located within the community on the Intracoastal Waterway, offering boaters and water enthusiasts direct access to the coast, A planned connection to Watersound Origins in Walton County will provide expanded access to trails, shops, dining, and recreation. This is more than just a home — it's a gateway to a carefree coastal lifestyle, thoughtfully designed for those 55 and better. Whether you're enjoying your sun-soaked lanai, taking part in community activities, or exploring the beautiful Emerald Coast, 8724 Pencil Thin Ave offers the perfect launchpad for your next adventure. Schedule your private showing today and experience the joy of living in Latitude Margaritaville Watersound — where every day feels like a vacation.

    Zillow last checked:

    Listing updated:

    Listed by:

    Nathan E Giles 770-883-4752,

    Keller Williams Success Realty

    Bought with:

    Non Member

    NON-MEMBER OFFICE

    Source: CPAR,MLS#: 775275MLS 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, Living Room, Primary Bedroom
    Primary bedroom
    • Level: First
    • Dimensions: 12.1 x 13.2
    Bedroom
    • Level: First
    • Dimensions: 11.8 x 11.2
    Dining room
    • Level: First
    • Dimensions: 10 x 11.1
    Living room
    • Level: First
    • Dimensions: 16.8 x 13.2
    Heating
    • Central
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Electric Oven, Gas Water Heater
    Interior area
    • Total structure area: 1,481
    • Total interior livable area: 1,481 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Patio & porch: Covered, Porch, Screened
    • Exterior features: Porch
    • Pool features: Community
    Lot
    • Size: 0.86 Acres
    • Dimensions: 35 x 101 x 42 x 63 x 6 x 37
    • Features: Sprinkler System, Paved
    Details
    • Parcel number: 32503650548
    • Zoning description: Resid Single 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
    • Foundation: Slab
    • Roof: Composition,Shingle
    Condition
    • New construction: No
    • Year built: 2024

    Utilities & green energy

    • Sewer: Public Sewer

    Community & HOA

    Community
    • Features: Fitness Center, Pool, Community Pool, Gated
    • Security: Security Gate, Gated Community, Smoke Detector(s)
    • Subdivision: Latitude at Watersound
    HOA
    • Has HOA: Yes
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $304/sqft
    • Tax assessed value: $40,000
    • Annual tax amount: $494
    • Date on market: 6/22/2025
    • Cumulative days on market: 41 days

    Price history

    DateEventPrice
    8/13/2025Sold$450,000-3.2%$304/sqft
    Source: CPAR #775275 Report a problem
    8/2/2025Pending sale$464,900$314/sqft
    Source: CPAR #775275 Report a problem
    7/25/2025Price change$464,900-1.9%$314/sqft
    Source: CPAR #775275 Report a problem
    6/22/2025Listed for sale$474,000+2.2%$320/sqft
    Source: CPAR #775275 Report a problem
    10/23/2024Sold$463,700$313/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$494 $40,000 +3301.4%
    2023-- $1,176
    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.

    Sell for more on Zillow
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    $445,000
    2% more
    +$8,900
    With Zillow Showcase(estimated)
    $453,900
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $445,000
    2% more
    +$8,900
    With Zillow Showcase(estimated)
    $453,900