Under contract; Welcoming Acceptable Backup Offers Perfectly positioned on a $90K premium west-facing water view lot, this Cabana Bay model captures sweeping sunsets over a tranquil pond and preserve. Thoughtfully designed with three bedrooms, two-and-a-half baths, a dedicated custom office, and an extended, enclosed lanai, this home is enhanced by $180K in carefully curated upgrades. It appraised for $877K in October 2024. Surfboards, Televisions, Washer & Dryer, and Ceiling Fixture in Office do not convey.
The kitchen showcases top-tier appliances, a decorative range hood, pull-out drawers, and a walk-in pantry. A vaulted beamed ceiling, built-in gas fireplace, designer grasscloth wallpaper, and custom woven blinds infuse the space with refined coastal charm.
The primary suite is a serene retreat featuring a spa-inspired shower with frameless glass, custom cabinetry, and discreetly integrated safety rails. Additional highlights include a whole-home generator, tankless water heater, lighted medicine cabinets, upgraded bamboo shelving, epoxy-coated garage floor, and front yard landscape uplighting. In the gated ''55 and Better'' Latitude Margaritaville Watersound, residents enjoy a resort-style pool, state-of-the-art fitness center, pickle ball courts, theater, on-site restaurant, dog park, amphitheater, live daily music and much more. Miles of walking and golf cart trails connect the community's phases and Town Center.
Northwest Florida Beaches International Airport, Pier Park entertainment district, a planned public marina, FSU Health Hospital, and a planned lifestyle shopping center offer close proximity to modern conveniences.
Sold for $785,000
$785,000
8799 Coral Reef Way, Panama City Beach, FL 32413
3beds
2,394sqft
Single Family Residence
Built in 2023
7,405 Square Feet Lot
$782,000 Zestimate®
$328/sqft
$3,625 Estimated rent
Home value
$782,000
$735,000 - $837,000
$3,625/mo
Zestimate® history
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Built-in gas fireplaceWest-facing water view lotDedicated custom officeEpoxy-coated garage floorExtended enclosed lanaiCustom woven blindsDecorative range hood
Zillow last checked:
Listing updated:
Listed by:
Laura A Calhoun 850-832-7620,
Compass Florida, LLC
Bought with:
Non Member
NON-MEMBER OFFICE
Source: CPAR,MLS#: 777668
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Great Room, Primary Bedroom, Office
Primary bedroom
- Description: Approx
- Level: First
- Dimensions: 21 x 14.6
Great room
- Description: Approx
- Level: First
- Dimensions: 19.7 x 24
Office
- Description: Approx
- Level: First
- Dimensions: 12.9 x 12.7
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: ENERGY STAR Qualified Appliances, Electric Oven, Electric Range, Gas Cooktop, Gas Water Heater, Tankless Water Heater
Interior area
- Total structure area: 2,394
- Total interior livable area: 2,394 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Accessibility
- Accessibility features: Accessible Washer/Dryer, Accessible Full Bath, Accessible Bedroom, Common Area, Standby Generator, Grip-Accessible Features, Accessible Kitchen, Central Living Area, Accessible Doors, Accessible Entrance
Features
- Levels: One
- Stories: 1
- Patio & porch: Enclosed, Patio
- Exterior features: Patio
- Pool features: Community
- On waterfront: Yes
- Waterfront features: Other
Lot
- Size: 7,405 Square Feet
- Dimensions: 53 x 137
- Features: Sprinkler System, Paved
Details
- Parcel number: 32503350260
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Coastal
- Property subtype: Single Family Residence
Materials
- HardiPlank Type
- Foundation: Slab
Condition
- New construction: No
- Year built: 2023
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available, Underground Utilities
Green energy
- Energy efficient items: Appliances
Community & HOA
Community
- Features: Community Pool
- 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: $328/sqft
- Tax assessed value: $551,707
- Annual tax amount: $6,853
- Date on market: 8/15/2025
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Sold | $785,000-1.8%$328/sqft |
Source:  CPAR #777668 Report a problem | ||
| 9/3/2025 | Pending sale | $799,000$334/sqft |
Source: CPAR #777668 Report a problem | ||
| 9/2/2025 | Contingent | $799,000$334/sqft |
Source: CPAR #777668 Report a problem | ||
| 8/15/2025 | Listed for sale | $799,000+22.8%$334/sqft |
Source: CPAR #777668 Report a problem | ||
| 12/15/2023 | Sold | $650,800$272/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,853 +1710.2% | $551,707 +1725% |
| 2023 | $379 | $30,231 +1561% |
| 2022 | -- | $1,820 |
Find assessor info on the county website
Neighborhood: 32413
Nearby homes
- $607,3003 bd2 ba2.3k sqft8803 Coral Reef Way, Panama City Beach, FL 32413Sold
- $589,9002 bd2 ba2.1k sqft8807 Coral Reef Way, Panama City Beach, FL 32413Sold
- $785,6002 bd2 ba2.3k sqft8700 Sandbar Ln, Panama City Beach, FL 32413Sold
- $731,2003 bd2 ba2.3k sqft8811 Coral Reef Way, Panama City Beach, FL 32413Sold
- $633,10010,018 Square Feet8704 Sandbar Ln, Panama City Beach, FL 32413Sold
- $683,8002 bd2 ba2.1k sqft8798 Coral Reef Way, Panama City Beach, FL 32413Sold
- $725,0003 bd3 ba2.1k sqft8794 Coral Reef Way, Panama City Beach, FL 32413Sold
- $541,3003 bd2 ba1.6k sqft8802 Coral Reef Way, Panama City Beach, FL 32413Sold
Nearby schools
GreatSchools rating
- 6/10West Bay Elementary SchoolGrades: PK-5Distance: 2.2 mi
- 7/10Surfside Middle SchoolGrades: PK-12Distance: 7.6 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 8.6 mi
Schools provided by the listing agent
- Elementary: West Bay
- Middle: Breakfast Point
- 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
- 8799 Coral Reef Way
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