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Sold for $540,000
  • $540,000

    8926 Coral Reef Way, Panama City Beach, FL 32413

    2beds
    1,934sqft
    Single Family Residence
    Built in 2023
    9,147 Square Feet Lot
    $539,800 Zestimate®
    $279/sqft
    $3,219 Estimated rent

    Home value

    $539,800

    $513,000 - $567,000

    $3,219/mo

    Zestimate® history
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    What's special

    Custom curtains throughoutSpacious primary suiteDog parkFull-house water filtration systemRemote-controlled blindsSeparate his-and-hers closets
    *CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS* Welcome to this beautiful Parrot floor plan located in the highly desirable Latitude Margaritaville Watersound 55+ community. This vibrant, welcoming lifestyle is designed for those who want more than just a home. This spacious home offers 2 bedrooms, 2 bathrooms, and a versatile flex room ideal for a home office, gym, or hobby space and an extra room off of the kitchen that can be used for a formal dining area, or customize the room however you want! One of the standout features is the extended screened-in porch, expanded by an additional 10 feet to create an oversized outdoor living area--perfect for morning coffee, entertaining guests, or unwinding after a day at the beach. Inside, the home is enhanced with custom curtains throughout and remote-controlled blinds, offering both style and convenience while maximizing natural light and privacy. Enjoy a spacious primary suite featuring separate his-and-hers closets and a beautifully appointed en-suite bathroom with an oversized walk-in shower. There is also a full-house water filtration system adds everyday comfort and peace of mind, and a brand-new golf cart (conveying with the sale) makes getting around the community effortless and fun. With over $50,000 in upgrades, plus a brand-new golf cart, this home is truly move-in ready and offers exceptional value beyond standard builder features. Living in Latitude Margaritaville Watersound means enjoying a resort-style, active lifestyle with amenities that include multiple pools, including an island-style pool overlooking the Intracoastal Waterway, a state-of-the-art fitness center, pickleball and tennis courts, walking and biking trails, social clubs, and a lively Town Center with daily live music and events. HOA fees include landscaping and lawn care, allowing for low-maintenance living. Residents also enjoy a two-story full-service bar and restaurant, daily live music, a dog park, woodworking shop, ceramic studio, theater, and golf-cart-friendly streets throughout the community. A future commercial area is planned to include a Publix grocery store, dining, shopping, and a public marina, adding even more convenience and value. Ideally located near the West Bay corridor, this home is approximately 10 minutes from Northwest Florida Beaches International Airport, 7-10 miles from the white-sand beaches, and close to shopping and entertainment. The community is also near medical facilities, with a hospital currently under construction and expected to be completed in 2027. Skip the construction wait and step directly into a move-in-ready home where upgrades, comfort, and lifestyle come together. It's time to embrace the Margaritaville way of life!

    Zillow last checked:

    Listing updated:

    Listed by:

    Bri Gambrell 850-691-8588,

    Foundation Real Estate Agency LLC

    Bought with:

    Sheryl Lewis, SL3402358

    Coldwell Banker Realty

    Source: CPAR,MLS#: 784867MLS 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
    • Description: Buyer to verify.
    • Level: First
    • Dimensions: 16.17 x 15.17
    Bedroom
    • Description: Buyer to verify.
    • Level: First
    • Dimensions: 13.58 x 12.6
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Electric Oven, Tankless Water Heater
    Features
    • Double Vanity, Main Level Primary, Walk-In Closet(s), 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
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Patio
    • Pool features: Community
    • Spa features: Community
    • On waterfront: Yes
    Lot
    • Size: 9,147 Square Feet
    • Dimensions: 70 x 131
    • Features: Sprinkler System, Paved
    Details
    • Parcel number: 32503400364

    Construction

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

    Utilities & green energy

    • Sewer: Public Sewer

    Community & HOA

    Community
    • Features: Basketball Court, Business Center, Fitness Center, Media Room, Pool, Tennis Court(s), Waterfront, Community Pool, Gated, Short Term Rental Allowed
    • Security: Gated Community, Security Gate, Smoke Detector(s)
    • 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: $279/sqft
    • Tax assessed value: $421,589
    • Annual tax amount: $5,246
    • Date on market: 2/7/2026
    • Cumulative days on market: 103 days

    Price history

    DateEventPrice
    6/23/2026Sold$540,000+1.9%$279/sqft
    Source: CPAR #784867 Report a problem
    5/22/2026Pending sale$530,000$274/sqft
    Source: CPAR #784867 Report a problem
    5/18/2026Price change$530,000-7.8%$274/sqft
    Source: CPAR #784867 Report a problem
    5/1/2026Price change$575,000-4%$297/sqft
    Source: CPAR #784867 Report a problem
    4/11/2026Price change$599,000-1.8%$310/sqft
    Source: CPAR #784867 Report a problem
    2/7/2026Listed for sale$610,000+20.9%$315/sqft
    Source: CPAR #784867 Report a problem
    2/16/2024Sold$504,600$261/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,246 $421,589 +22887.4%
    2023-- $1,834
    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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    $550,596