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Sold for $637,500
  • $637,500

    8737 Coral Reef Way, Panama City Beach, FL 32413

    2beds
    2,393sqft
    Single Family Residence
    Built in 2023
    7,405 Square Feet Lot
    $631,600 Zestimate®
    $266/sqft
    $3,579 Estimated rent

    Home value

    $631,600

    $575,000 - $695,000

    $3,579/mo

    Zestimate® history
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    What's special

    Resort-style poolExtended screened lanaiStunning bayed windowQuartz countertopsMedia roomGarage with epoxy floorInviting lanai space
    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Phase 4 | Cabana Beach Collection | Pond Views! Welcome to luxury coastal living in this highly upgraded Cabana Beach Collection home perfectly situated with peaceful pond views in sought-after Phase 4 of Latitude Margaritaville Watersound. Step inside to a chef's kitchen featuring a gas cooktop, upgraded Colada designer cabinetry with vent hood, walk-in pantry, quartz countertops and backsplash, and rich oiled bronze hardware. The large kitchen island and breakfast room flow seamlessly into the open-concept great room, perfect for entertaining or relaxing in style with a wall of glass sliders opening to an inviting lanai space for extended outdoor living and tranquil pond views. The oversized primary suite showcases a stunning bayed window with pond views, plush carpet, and custom-designed dual closets. The spa-inspired primary bath offers a luxurious soaking tub, frameless shower enclosure with tile shower seat, dual vanities, and elegant finishes. An inviting office, a media room, and a formal dining room—featuring a show-stopping crystal chandelier—add flexibility and sophistication. The dining space can also serve as a bar, game, or craft room to fit your lifestyle. Upgrades abound throughout the home, including ''wood-look'' tile floors in the entry, great room, and dining room. Designer paint, crown molding, plantation shutters, and upgraded lighting and ceiling fans. A whole house GENERAC GENERATOR (cost$13k), art accent lighting, designer laundry storage closet, garage with epoxy floor, utility sink, and custom workshop area reflect thoughtful attention to every detail. HOA dues includes all lawn care and world class amenities. This home has a Structural Warranty that is transferrable to the buyer for 10 years from the original build date. (approx. 7 years left) Enjoy Florida living at its finest on the extended screened lanai with sealed pavers, the perfect spot for morning coffee or sunsets overlooking the serene pond. About Latitude Margaritaville Watersound - This 55+ active adult coastal community is inspired by the lifestyle of fun, freedom, and relaxation. Nestled between the sugar-white sands of the Emerald Coast and the natural beauty of the Florida Panhandle, residents enjoy resort-style amenities including: The lively Town Center with a two story coastal themed restaurant overlooking the Intracoastal Waterway, live music, and entertainment. A resort-style pool with tiki huts and cabanas. Fitness and wellness center, pickleball, tennis, and bocce courts. Walking and biking trails, and golf-cart-friendly pathways with underpasses for easy and safe access throughout the community. Dog park/pet grooming center, woodworking and ceramic workshops, theater and planned community events that make every day feel like a vacation. Commercial space to include Publix Grocery store, bank, dining and shopping. A planned public marina on site as well. Latitude Margaritaville Watersound isn't just a place to live—it's a way of life where neighbors become friends and every sunset is a celebration.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sheryl Lewis 770-316-3334,

    Coldwell Banker Realty

    Bought with:

    Non Member

    NON-MEMBER OFFICE

    Source: CPAR,MLS#: 780748MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Breakfast Room/Nook, Bedroom, Den, Dining Room, Garage, Great Room, Primary Bedroom, Media Room
    Primary bedroom
    • Level: First
    • Dimensions: 14.6 x 21.1
    Bedroom
    • Level: First
    • Dimensions: 12.6 x 13.9
    Breakfast room nook
    • Level: First
    • Dimensions: 10.2 x 8.4
    Den
    • Description: Den/Office
    • Level: First
    • Dimensions: 12.9 x 12.7
    Dining room
    • Level: First
    • Dimensions: 12.6 x 11.1
    Garage
    • Level: First
    • Dimensions: 19.4 x 21.2
    Great room
    • Level: First
    • Dimensions: 13.11 x 19.8
    Media room
    • Description: Media room/Den/Office
    • Level: First
    • Dimensions: 12.6 x 13.4
    Heating
    • Central, Forced Air, Heat Pump, Other, See Remarks
    Cooling
    • Central Air, Ceiling Fan(s), Heat Pump, Other, See Remarks
    Appliances
    • Included: Down Draft, Electric Oven, Gas Cooktop, Gas Water Heater, Tankless Water Heater
    Features
    • Smart Thermostat
    • Windows: Double Pane Windows
    Interior area
    • Total structure area: 2,393
    • Total interior livable area: 2,393 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage, Garage Door Opener, Gated
    • Garage spaces: 2
    Features
    • Stories: 1
    • Patio & porch: Porch, Screened
    • Exterior features: Porch
    • Pool features: Community
    • Spa features: Community
    • Has view: Yes
    • View description: Other
    Lot
    • Size: 7,405 Square Feet
    • Dimensions: 49 x 141
    • Features: Sprinkler System, Paved
    Details
    • Parcel number: 32503350156
    • Zoning description: Resid Single Family
    • Special conditions: Listed As-Is

    Construction

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

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Electricity Available, High Speed Internet Available, Underground Utilities

    Community & HOA

    Community
    • Features: Basketball Court, Business Center, Fitness Center, Pool, Tennis Court(s), Waterfront, Gated, Short Term Rental Allowed
    • Security: Carbon Monoxide Detector(s), Gated Community, Security Gate, Smoke Detector(s)
    • Senior community: Yes
    • Subdivision: Latitude at Watersound
    HOA
    • Has HOA: Yes
    • Amenities included: Business Center, Gated, Spa/Hot Tub
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $266/sqft
    • Tax assessed value: $459,016
    • Annual tax amount: $5,162
    • Date on market: 10/23/2025
    • Cumulative days on market: 199 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    12/10/2025Sold$637,500-1.2%$266/sqft
    Source: CPAR #780748 Report a problem
    11/8/2025Pending sale$645,000$270/sqft
    Source: CPAR #780748 Report a problem
    10/23/2025Listed for sale$645,000-3.7%$270/sqft
    Source: CPAR #780748 Report a problem
    10/16/2025Listing removed$670,000$280/sqft
    Source: ECAOR #974093 Report a problem
    9/5/2025Price change$670,000-4.3%$280/sqft
    Source: ECAOR #974093 Report a problem
    7/18/2025Price change$699,900-2.5%$292/sqft
    Source: CPAR #772050 Report a problem
    5/19/2025Price change$717,700-3%$300/sqft
    Source: ECAOR #974093 Report a problem
    4/16/2025Listed for sale$739,900+33.6%$309/sqft
    Source: CPAR #772050 Report a problem
    7/28/2023Sold$554,000$232/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,162 +1263.5%$459,016 +1418.4%
    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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