8439 Coral Reef Way
Panama City Beach, FL 32413
MLS# 794258
2 beds | 2 baths | 1934 sqft
Property DescriptionPrivacy, water views and an especially convenient location come together in this popular Parrot floor plan in Phase 2 of Latitude Margaritaville Watersound.
Set on a premium homesite, the property overlooks a wide grassy backyard, peaceful pond and wooded preserve beyond, creating a private backdrop with no homes directly behind you. The screened lanai makes the most of the setting, with plenty of room to relax, dine outdoors and enjoy the view.
Inside, the home features two bedrooms plus a versatile den that can easily function as a third bedroom, office or additional living space. Luxury vinyl plank flooring runs throughout the home, complemented by quartz countertops, soft-close cabinetry, a custom tile backsplash and upgraded lighting and finishes. The kitchen is also equipped with a gas connection for those who prefer a gas range.
The spacious primary suite is positioned to take advantage of the view, with an expansive bay window and sitting area overlooking the water. Dual closets provide generous storage, while the primary bath features a large vanity, oversized shower, upgraded tile and upgraded countertops. The large laundry room adds useful workspace and storage, with granite countertops and a Speed Queen washer and dryer set.
A full two-car garage and private driveway add to the home's everyday functionality. Its location near the neighborhood entrance also makes getting in and out of the community especially convenient, while the Publix and additional retail planned nearby will put groceries, shopping and everyday essentials just minutes from home.
With its waterfront and preserve views, flexible floor plan, thoughtful upgrades and easy-access location, this home offers a particularly appealing combination of privacy and convenience within Latitude Margaritaville Watersound.
Latitude Margaritaville Watersound offers an active 55+ lifestyle centered around an impressive collection of amenities, including the Latitude Town Square with live entertainment, resort-style Paradise Pool, fitness center, pickleball and tennis courts, Barkaritaville dog park, walking and biking trails, and on-site dining. With a full calendar of activities, clubs and events, the community makes it easy to be as social, active or relaxed as you choose, all within a short drive of the beaches, dining and recreation of Panama City Beach and the surrounding area.
Acreage: 0.16
Design: Florida Cottage
Lot Size (SqFt): 6970
Apx SqFt(Htd/Cooled): 1934
Construction Status: Construction Complete
SqFt Source: Prop App Site
# of Stories in Building: 1
Accessory Dwelling Unit: No
Lot Dimensions: 47.0 ft x 131.0 ft x 65.95 ft
New Construction: No
Garage Y/N: Yes
Garage Spaces: 2
Driveway Spaces: 2
Pool: Yes
Pool Type: Community
Sub-Type: Detached Single Family
Total Baths: 2
Year Built: 2022
List Price/SqFt: 320.58
Status: Active
List Date: 2026-08-08
List Price: $620,000
Sub Area: 0411 - Bay North - West Bay
Community/Resort: None
Waterfront: Yes
Gulf Access: No
Elementary School: West Bay
Middle School: Surfside
High School: Arnold
Directions: From the intersection of US Hwy 98 and Hwy 79, head north on Hwy 79. Turn left onto Latitude Boulevard, then right onto Margaritaville Boulevard and proceed through the gate. Take the second right onto Coral Reef Way. 8439 Coral Reef Way will be on the right at the curve.
Area: 04 - Bay County - North
Street #: 8439
Street Name: Coral Reef
Street Suffix: Way
County: Bay
Subdivision: Latitude at Watersound
Parcel ID: 32503-200-284
Legal Description: LATITUDE AT WATERSOUND AREA 1 PHASE 2 LOT 142 ORB 4557 P 1215
Homestead: No
HOA Fee: Yes
HOA Amount: 324.43
HOA Frequency: Monthly
HOA Annual Amount: 3893.16
Senior Community: Yes
Is Subject Leased: Yes
Lease Expiration Dt: 2026-09-30
New Buyer Fee: Yes
New Buyer Fee Amt: 2600
New Buyer Fee Paid: $
Last Taxes: 4735.19
Last Tax Year: 2025
Brokerage Interest: No Interest
Remarks: Privacy, water views and an especially convenient location come together in this popular Parrot floor plan in Phase 2 of Latitude Margaritaville Watersound.
Set on a premium homesite, the property overlooks a wide grassy backyard, peaceful pond and wooded preserve beyond, creating a private backdrop with no homes directly behind you. The screened lanai makes the most of the setting, with plenty of room to relax, dine outdoors and enjoy the view.
Inside, the home features two bedrooms plus a versatile den that can easily function as a third bedroom, office or additional living space. Luxury vinyl plank flooring runs throughout the home, complemented by quartz countertops, soft-close cabinetry, a custom tile backsplash and upgraded lighting and finishes. The kitchen is also equipped with a gas connection for those who prefer a gas range.
The spacious primary suite is positioned to take advantage of the view, with an expansive bay window and sitting area overlooking the water. Dual closets provide generous storage, while the primary bath features a large vanity, oversized shower, upgraded tile and upgraded countertops. The large laundry room adds useful workspace and storage, with granite countertops and a Speed Queen washer and dryer set.
A full two-car garage and private driveway add to the home's everyday functionality. Its location near the neighborhood entrance also makes getting in and out of the community especially convenient, while the Publix and additional retail planned nearby will put groceries, shopping and everyday essentials just minutes from home.
With its waterfront and preserve views, flexible floor plan, thoughtful upgrades and easy-access location, this home offers a particularly appealing combination of privacy and convenience within Latitude Margaritaville Watersound.
Latitude Margaritaville Watersound offers an active 55+ lifestyle centered around an impressive collection of amenities, including the Latitude Town Square with live entertainment, resort-style Paradise Pool, fitness center, pickleball and tennis courts, Barkaritaville dog park, walking and biking trails, and on-site dining. With a full calendar of activities, clubs and events, the community makes it easy to be as social, active or relaxed as you choose, all within a short drive of the beaches, dining and recreation of Panama City Beach and the surrounding area.
Dryer: 1
ENERGY STAR Qualified Appliances: 1
Ice Maker: 1
Oven - Electric: 1
Range - Electric: 1
Refrigerator: 1
Washer: 1
Water Heater - Tankless: 1
Ceiling - Vaulted: 1
Floor - Vinyl Plank: 1
Kitchen Island: 1
Lighting - Recessed: 1
Pull Down Stairs: 1
Window - Bay: 1
Window - Treatment All: 1
Foundation - Slab on Grade: 1
Wood/Frame: 1
Roof - Composite Shngl: 1
Roof - Gutters: 1
Patio Covered: 1
Porch Screened: 1
Accounting: 1
Community Room: 1
Fishing: 1
Gated Community: 1
Ground Keeping: 1
Legal: 1
Master Association: 1
Pavilion/Gazebo: 1
Pool: 1
Recreational Faclty: 1
Ceiling - Tray: 1
Smart Thermostat: 1
Subdivision - Recorded: 1
Waterfront: 1
Gated Access: 1
Paved Road: 1
Basketball Court: 1
Community Room: 1
Gated Community: 1
Pavilion/Gazebo: 1
Dog Park: 1
Pickle Ball: 1
Cable - Available: 1
Electricity - Connected: 1
Garbage: 1
Natural Gas - Available: 1
Internet - Broadband Available: 1
Public Sewer - Connected: 1
Public Water - Connected: 1
Accessible Bedroom: 1
Accessible Central Living Area: 1
Ceiling Fan(s): 1
Central Air: 1
MBath Double Vanity: 1
MBath Shower Only: 1
MBath Walk-In Closet: 1
MBed First Floor: 1
Gated Community: 1
Smoke Detector(s): 1
Accessibility Features: Accessible Bedroom; Accessible Central Living Area; Accessible Full Bath
Appliances: Dishwasher; Disposal; Dryer; ENERGY STAR Qualified Appliances; Ice Maker; Oven - Electric; Range - Electric; Refrigerator; Washer; Water Heater - Tankless; Wine Cooler
Cooling: Ceiling Fan(s); Central Air; Electric
Heating: Central; Electric
Existing Leases: 0 - 6 Months
Exterior: Patio Covered; Porch Screened; Sprinkler System
Association Fees Include: Accounting; Community Room; Dock; Fishing; Exercise Room; Gated Community; Legal; Ground Keeping; Master Association; Pavilion/Gazebo; Pool; Recreational Faclty
Financing: Cash; Conventional; FHA; VA
Interior: Ceiling - Tray; Smart Thermostat
Lot Features: Subdivision - Recorded; Waterfront
Lot Access: Gated Access; Paved Road; Private Road
Security Features: Gated Community; Smoke Detector(s)
Parking Features: Garage Attached
Association Amenities: Basketball Court; Community Room; Dining; Dock; Dog Park; Exercise Room; Gated Community; Pavilion/Gazebo; Pickle Ball; Pool; Recreation Facilities; Tennis; Theater
Rooms: Den; Living Room; Primary Bedroom
Utilities: Cable - Available; Electricity - Connected; Garbage; Internet - Broadband Available; Natural Gas - Available; Public Sewer - Connected; Public Water - Connected
Waterfront Type: Lakefront
Present Zoning: Resid Single Family
| Room Name | Level | Dimensions | Length | Width |
| Living Room | First | 15 x 19 | 15.00 | 19.00 |
| Primary Bedroom | First | 152 x 162 | 152.00 | 162.00 |
| Den | First | 132 x 108 | 132.00 | 108.00 |
Listing Office: The Premier Property Group
Last Updated: August - 18 - 2026
Information deemed reliable but not guaranteed.