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Sold for $620,000
  • $620,000

    8733 Coral Reef Way, Panama City Beach, FL 32413

    2beds
    1,940sqft
    Single Family Residence
    Built in 2023
    7,405 Square Feet Lot
    $616,000 Zestimate®
    $320/sqft
    $3,217 Estimated rent

    Home value

    $616,000

    $561,000 - $678,000

    $3,217/mo

    Zestimate® history
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    What's special

    North-facing frontExtended screened-in rear lanaiUpgraded cabinets
    PARROT FLOORPLAN -- Welcome to this beautifully appointed Parrot home located in Phase 4 of the highly desirable Latitude Margaritaville Watersound. Perfectly positioned with a north-facing front, this home enjoys exceptional year-round lanai comfort and a setting that truly elevates everyday living. One of the standout features of this home is the extended, screened-in rear lanai, which overlooks a tranquil pond with mature trees beyond, creating a private and peaceful backdrop. Because this is the Parrot model, the lanai is recessed, offering added privacy from neighboring homes--an ideal space for morning coffee, evening cocktails, or simply relaxing with nature. Inside, the home features upgraded cabinets, countertops, and flooring, along with custom closet and shelving enhancements that add both functionality and style. The previous owner invested significant time and care into a high-end blind package, thoughtfully designed and strategically placed to maximize natural light while maintaining privacy throughout the home. Location matters, and this home delivers. You're just minutes from the current Town Center amenities and also close to the future marina, making this an exceptional spot for both today's lifestyle and tomorrow's value. Living here means enjoying an active, vibrant 55+ community filled with concerts, fitness classes, social clubs, and endless opportunities to connect with neighbors. Latitude Margaritaville Watersound is known for its resort-style pools, state-of-the-art fitness center, on-site restaurant and bar, pickleball and tennis courts, scenic walking and biking trails, and a lively Town Square with regular live music and events. The lifestyle is unmatched--fun, friendly, and designed for active adults who want more than just a home. This Parrot home combines privacy, upgrades, location, and lifestyle--a rare find in one of the community's most desirable phases.

    Zillow last checked:

    Listing updated:

    Listed by:

    Robert McGuigan 850-329-8454,

    Watersound Real Estate,

    Jeremy A Mertens 423-805-0518,

    Watersound Real Estate

    Bought with:

    Heather T Curry, SL3398814

    Real Broker LLC

    Source: CPAR,MLS#: 783412MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Bedroom, Primary Bedroom
    Primary bedroom
    • Level: First
    • Dimensions: 16.17 x 15.17
    Bedroom
    • Level: First
    • Dimensions: 13.58 x 12.6
    Heating
    • Heat Pump
    Cooling
    • Central Air
    Appliances
    • Included: Electric Oven, Electric Range, Tankless Water Heater
    Interior area
    • Total structure area: 1,940
    • Total interior livable area: 1,940 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Gated
    • Garage spaces: 2
    Features
    • Stories: 1
    • Patio & porch: Enclosed, Patio, Covered, Porch
    • Exterior features: Patio
    • Pool features: Community
    Lot
    • Size: 7,405 Square Feet
    • Dimensions: 49 x 138
    Details
    • Parcel number: 32503350154

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • HardiPlank Type
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 2023

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Underground Utilities

    Community & HOA

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

    Financial & listing details

    • Price per square foot: $320/sqft
    • Tax assessed value: $411,710
    • Annual tax amount: $4,792
    • Date on market: 1/9/2026
    • Cumulative days on market: 55 days

    Price history

    DateEventPrice
    4/2/2026Sold$620,000-5.3%$320/sqft
    Source: CPAR #783412 Report a problem
    3/6/2026Pending sale$654,900$338/sqft
    Source: CPAR #783412 Report a problem
    2/21/2026Price change$654,900-1.2%$338/sqft
    Source: CPAR #783412 Report a problem
    2/13/2026Price change$662,900-0.3%$342/sqft
    Source: CPAR #783412 Report a problem
    1/9/2026Listed for sale$664,900+36.9%$343/sqft
    Source: CPAR #783412 Report a problem
    7/20/2023Sold$485,600$250/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,640 +1125.5%$411,710 +1261.9%
    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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    $616,000
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    +$12,320
    With Zillow Showcase(estimated)
    $628,320