Welcome to your slice of paradise in Latitude Margaritaville Panama City Beach! This stunning Luxury Home perfectly blends relaxed coastal living with upscale comfort. All the necessities are wrapped into this Parrot Model.
Step inside to find an oversized foyer that opens into a bright, open-concept living area featuring tile flooring throughout, beamed cathedral ceilings, and a seamless flow that's ideal for entertaining or quiet evenings at home. The gourmet kitchen boasts a large center island, stainless steel appliances, and a gas range that's sure to delight the home chef.
The spacious master suite offers tray ceilings, his and her closets, and a luxurious en-suite bath with a large walk-in tiled shower, double vanity, and soaking tub. The home also includes a dedicated office and bonus room, giving you plenty of flexible space for guests, hobbies, or relaxation.
Step outside to your own backyard oasis featuring a heated pool and jetted hot tub, all overlooking peaceful waterfront views. Whether you're hosting friends or enjoying a quiet sunset, this space is pure bliss.
Ideally located near the main clubhouse and resort-style amenities, and just a short distance from the upcoming marina, this home offers the perfect mix of luxury, convenience, and coastal charm.
Your Margaritaville lifestyle awaits—schedule your private showing today!
Sold for $745,000
$745,000
8725 Coral Reef Way, Panama City Beach, FL 32413
2beds
1,934sqft
Single Family Residence
Built in 2023
8,712 Square Feet Lot
$742,900 Zestimate®
$385/sqft
$4,029 Estimated rent
Home value
$742,900
$676,000 - $817,000
$4,029/mo
Zestimate® history
Owner options
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$4,792/mo
Est. payment
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$4,792/mo
Est. payment
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List your homeWhat's special
Large center islandHeated poolBonus roomJetted hot tubDedicated officeGas rangeBackyard oasis
Zillow last checked:
Listing updated:
Listed by:
Tyler W Everett 850-381-1192,
Performance Realty,
Mike Alvis 850-258-2214,
Performance Realty
Bought with:
Sheryl Lewis, SL3402358
Coldwell Banker Realty
Source: CPAR,MLS#: 780531
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bonus Room, Bedroom, Full Bath, Foyer, Garage, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Office, Porch
Primary bedroom
- Level: First
- Dimensions: 16 x 15
Bedroom
- Level: First
- Dimensions: 14 x 13
Primary bathroom
- Level: First
- Dimensions: 13 x 8
Bonus room
- Level: First
- Dimensions: 13 x 11
Foyer
- Level: First
- Dimensions: 16 x 12
Other
- Level: First
- Dimensions: 8 x 6
Garage
- Level: First
- Dimensions: 21 x 19
Kitchen
- Level: First
- Dimensions: 23 x 11
Laundry
- Level: First
- Dimensions: 16 x 7
Living room
- Level: First
- Dimensions: 19 x 14
Office
- Level: First
- Dimensions: 13 x 10
Porch
- Level: First
- Dimensions: 23 x 10
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Gas Cooktop, Gas Water Heater, Ice Maker, Tankless Water Heater
Features
- Entrance Foyer, Home Theater
- Windows: Storm Window(s)
Interior area
- Total structure area: 1,934
- Total interior livable area: 1,934 sqft
Property
Parking
- Total spaces: 2
- Parking features: Gated
- Garage spaces: 2
Features
- Patio & porch: Covered, Porch, Screened
- Exterior features: Porch, Rain Gutters
- Has private pool: Yes
- Pool features: Gas Heat, In Ground, Community, Private
- Spa features: Community
- On waterfront: Yes
- Waterfront features: Other
Lot
- Size: 8,712 Square Feet
- Dimensions: 58 x 131 x 68 x 131
- Features: Paved
Details
- Parcel number: 32503350150
- 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, Wood Frame
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 2023
Utilities & green energy
- Utilities for property: Electricity Available, High Speed Internet Available, Sewer Available
Community & HOA
Community
- Features: Barbecue, Business Center, Clubhouse, Conference/Meeting Room, Fitness Center, Media Room, Pool, Tennis Court(s), Waterfront, Gated
- Security: Gated Community, Security Gate, Security Service
- Senior community: Yes
- Subdivision: Latitude at Watersound
HOA
- Has HOA: Yes
- Amenities included: Business Center, Gated, Picnic Area
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $385/sqft
- Tax assessed value: $593,342
- Annual tax amount: $6,820
- Date on market: 10/17/2025
- Cumulative days on market: 145 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2026 | Sold | $745,000-3.1%$385/sqft |
Source:  CPAR #780531 Report a problem | ||
| 3/12/2026 | Pending sale | $769,000$398/sqft |
Source: CPAR #780531 Report a problem | ||
| 3/6/2026 | Price change | $769,000-2%$398/sqft |
Source: CPAR #780531 Report a problem | ||
| 11/10/2025 | Price change | $785,000-1.8%$406/sqft |
Source: CPAR #780531 Report a problem | ||
| 10/17/2025 | Listed for sale | $799,000+13%$413/sqft |
Source: CPAR #780531 Report a problem | ||
| 8/11/2023 | Sold | $707,100$366/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,883 +1718% | $593,342 +1862.7% |
| 2023 | $379 | $30,231 +1561% |
| 2022 | -- | $1,820 |
Find assessor info on the county website
Neighborhood: 32413
Nearby homes
- $665,9002 bd2 ba2.1k sqft8721 Coral Reef Way, Panama City Beach, FL 32413Off Market
- $576,8002 bd2 ba2.1k sqft8729 Coral Reef Way, Panama City Beach, FL 32413Sold
- $620,0002 bd2 ba1.9k sqft8733 Coral Reef Way, Panama City Beach, FL 32413Sold
- $616,6002 bd2 ba2.1k sqft8717 Coral Reef Way, Panama City Beach, FL 32413Off Market
- $637,5002 bd3 ba2.3k sqft8737 Coral Reef Way, Panama City Beach, FL 32413Sold
- $736,4002 bd2 ba2.1k sqft8728 Coral Reef Way, Panama City Beach, FL 32413Off Market
- $619,9002 bd2 ba2.1k sqft8724 Coral Reef Way, Panama City Beach, FL 32413Off Market
- $928,0003 bd2 ba2.3k sqft8713 Coral Reef Way, Panama City Beach, FL 32413Off Market
Nearby schools
GreatSchools rating
- 6/10West Bay Elementary SchoolGrades: PK-5Distance: 2 mi
- 7/10Surfside Middle SchoolGrades: PK-12Distance: 7.5 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 8.4 mi
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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- Florida
- Bay County
- Panama City Beach
- 32413
- 8725 Coral Reef Way
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