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Sold for $381,500
  • $381,500

    8948 Coral Reef Way, Panama City Beach, FL 32413

    2beds
    1,315sqft
    Single Family Residence
    Built in 2023
    4,620 Square Feet Lot
    $379,800 Zestimate®
    $290/sqft
    $2,720 Estimated rent

    Home value

    $379,800

    $346,000 - $418,000

    $2,720/mo

    Zestimate® history
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    What's special

    Ceiling fansOpen street-facing viewsAdded privacyUpgraded light fixturesUpgraded cabinetry
    CAMELLIA COTTAGE in Phase 4! This popular cottage floor plan is perfectly positioned on one of the more desirable and unique lots in Phase 4, offering a rare setting with open street-facing views instead of looking directly into another cottage. Enjoy added privacy, a more spacious feel, and beautiful sunset skies from your lanai--something not commonly found in many cottage homes. If you're looking for a location close to Town Square--but not right in the middle of the activity--this is an ideal balance of convenience and tranquility. This home is vacant and move-in ready, making it easy for a new owner to settle in and start enjoying the Latitude lifestyle right away. Inside, you'll find upgraded cabinetry, countertops, and flooring, along with recessed lighting throughout the home, upgraded light fixtures, ceiling fans, and enhanced lighting features that create a bright, welcoming atmosphere. The kitchen comes equipped with an electric stove, refrigerator, and washer & dryer, all of which will convey with the home for the new homeowner's enjoyment. The private lanai features a decorative coated concrete finish (epoxy-style), offering a clean, durable, and attractive outdoor space perfect for relaxing, entertaining, or simply enjoying the sunset views. Phase 4 is a fantastic section of the community, offering easy access to amenities while still maintaining a relaxed residential feel. You'll also enjoy a short walking distance to the Phase 4 mailbox, adding everyday convenience to this already great location. Living in Latitude Margaritaville Watersound means access to outstanding resort-style amenities, including a state-of-the-art fitness center, resort-style swimming pools, on-site restaurant, work and play center, pickleball courts, scenic walking trails, and a vibrant Town Square filled with live music and entertainment. The future commercial area planned by the St. Joe Company along Highway 79 will add even more convenience and value to this already thriving community. Buyer to verify any information deemed important. Some photos have been virtually staged or digitally altered for presentation purposes.

    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:

    Danielle Britton, 3412821

    World Impact Real Estate

    Source: CPAR,MLS#: 783246MLS 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: 12.83 x 12.17
    Bedroom
    • Level: First
    • Dimensions: 12.75 x 11.17
    Heating
    • Heat Pump
    Cooling
    • Central Air
    Appliances
    • Included: Electric Oven, Tankless Water Heater
    Features
    • Home Theater
    Interior area
    • Total structure area: 1,315
    • Total interior livable area: 1,315 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Patio & porch: Porch, Screened
    • Exterior features: Porch
    • Pool features: Community
    Lot
    • Size: 4,620 Square Feet
    • Dimensions: 42 x 110
    Details
    • Parcel number: 32503400172

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Florida
    • Property subtype: Single Family Residence
    • Attached to another structure: Yes
    Materials
    • HardiPlank Type
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 2023

    Utilities & green energy

    • Sewer: Public Sewer

    Community & HOA

    Community
    • Features: Fitness Center, Media Room, Pool, Tennis Court(s)
    • Senior community: Yes
    • Subdivision: Latitude at Watersound
    HOA
    • Has HOA: Yes
    • Amenities included: Business Center, Gated
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $290/sqft
    • Tax assessed value: $323,799
    • Annual tax amount: $3,554
    • Date on market: 1/6/2026
    • Cumulative days on market: 99 days

    Price history

    DateEventPrice
    5/13/2026Sold$381,500-3.4%$290/sqft
    Source: CPAR #783246 Report a problem
    4/14/2026Pending sale$394,900$300/sqft
    Source: CPAR #783246 Report a problem
    3/26/2026Price change$394,900-1.3%$300/sqft
    Source: CPAR #783246 Report a problem
    3/9/2026Price change$399,900-2.4%$304/sqft
    Source: CPAR #783246 Report a problem
    2/21/2026Price change$409,900-3.1%$312/sqft
    Source: CPAR #783246 Report a problem
    2/13/2026Price change$422,900-0.5%$322/sqft
    Source: CPAR #783246 Report a problem
    1/6/2026Listed for sale$424,900+4.9%$323/sqft
    Source: CPAR #783246 Report a problem
    11/22/2025Listing removed$405,000$308/sqft
    Source: CPAR #773816 Report a problem
    11/4/2025Price change$405,000-2.6%$308/sqft
    Source: CPAR #773816 Report a problem
    7/12/2025Price change$415,900-3.1%$316/sqft
    Source: CPAR #773816 Report a problem
    5/21/2025Listed for sale$429,000+16.1%$326/sqft
    Source: CPAR #773816 Report a problem
    12/12/2023Sold$369,400$281/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,554 $323,799 +17555.3%
    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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    $379,800
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    $387,396