8475 Coral Reef Way, Panama City Beach, FL 32413 (MLS# 790824)

List Price/SqFt: 313.66

Status: Active

List Date: 2026-06-04

List Price: $649,900

Current Price: $649,900

Sub Area: 0411 - Bay North - West Bay

Community/Resort: None

Waterfront: No

Elementary School: West Bay

Middle School: Surfside

High School: Arnold

Directions: From Panama City Beach Parkway, turn North onto 79, go over the Intercoastal Bridge. At the 2nd traffic light, make a left onto Westbay Parkway, make your first left onto Margaritavile Blvd. After entering through security gate, make you first left onto Coral Reef Way. The home is 3rd house on the right.

Area: 04 - Bay County - North

Street #: 8475

Street Name: Coral Reef

Street Suffix: Way

State: FL

Zip Code: 32413

County: Bay

Subdivision: Latitude at Watersound

Parcel ID: 32503-200-302

Legal Description: LATITUDE AT WATERSOUND AREA 1 PHASE 2 LOT 151 ORB 4529 P 192

Acreage: 0.16

Design: Florida Cottage

Lot Size (SqFt): 6839

Apx SqFt(Htd/Cooled): 2072

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

# of Stories in Building: 1

Pre-Const Flip: No

Lot Dimensions: 49 x 131

New Construction: No

Garage Y/N: Yes

Garage Spaces: 2

Pool: No

Association Fee/Month: 388.7

Sub-Type: Detached Single Family

Bedrooms: 2

Full Baths: 2

Total Baths: 3

Year Built: 2021

HOA Fee: Yes

HOA Amount: 388.7

HOA Frequency: Monthly

HOA Annual Amount: 4664.4

New Buyer Fee: Yes

New Buyer Fee Amt: 500

New Buyer Fee Paid: $

Last Taxes: 5783

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Remarks: Welcome to 8475 Coral Reef Way, where exceptional upgrades, breathtaking preserve views, and an active coastal lifestyle come together in one remarkable home. This beautifully maintained 2 bedroom, 2.5 bathroom with bonus room, single-family residence offers the perfect balance of luxury, comfort, and convenience in one of Panama City Beach's most desirable gated communities. Designed for both everyday living and entertaining, the open-concept floor plan features spacious living areas, abundant natural light, upgraded appliances, whole-house plantation shutters, and thoughtfully selected finishes throughout. The well-appointed kitchen flows seamlessly into the dining and living spaces, creating an inviting atmosphere for gatherings with family and friends. The private owner's suite provides a peaceful retreat, while additional guest accommodations offer comfort and flexibility for visitors. Step outside to enjoy tranquil preserve views, creating a picturesque setting for morning coffee, evening cocktails, or simply relaxing and enjoying Florida's natural beauty. Residents enjoy access to an impressive collection of resort-inspired amenities, including an on-site restaurant overlooking the Intracoastal Waterway, a bandshell hosting live music and community events, a fitness center, resort-style pool, pickleball courts, tennis courts, bocce ball courts, walking trails, and a dedicated dog park. The community is both golf-cart friendly and dog friendly, making it easy to enjoy the neighborhood, visit friends, attend events, or take your four-legged companion out for a stroll. The recreational amenities are just a 10-minute walk or a 2-minute golf cart ride from the home. Everyday convenience continues to improve with a new Publix grocery store planned at the entrance to the community, along with additional retail shops, dining options, and service businesses that will further enhance the neighborhood lifestyle. Current shopping, dining, and entertainment destinations, including Pier Park, are approximately 8 miles away. Medical facilities, including major healthcare providers and specialty services, are within approximately 10 miles, while Northwest Florida Beaches International Airport is approximately 12 miles away, making travel convenient for both residents and guests. Whether you're seeking a primary residence, seasonal retreat, or the next chapter of an active Florida lifestyle, 8475 Coral Reef Way offers an outstanding opportunity to enjoy beautiful surroundings, premium upgrades, a welcoming neighborhood atmosphere, and easy access to everything Panama City Beach has to offer. Seller will consider lease to buy option.

First: 1

First: 1

First: 1

First: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

ENERGY STAR Qualified Appliances: 1

Microwave: 1

Range - Gas: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Ceiling - Crwn Molding: 1

Ceiling - Vaulted: 1

Floor - Tile: 1

Floor - Vinyl Plank: 1

Kitchen Island: 1

Lighting - Recessed: 1

Pantry: 1

Plantation Shutters: 1

Pull Down Stairs: 1

Security System: 1

Split Bedroom: 1

Window - Treatment All: 1

Foundation - Slab on Grade: 1

Wood/Frame: 1

Roof - Asphalt: 1

Roof - Gutters: 1

Siding - Hardie Board: 1

Trim - Vinyl: 1

Patio Covered: 1

Porch Screened: 1

Sprinkler System: 1

Accounting: 1

Business Center: 1

Exercise Room: 1

Gated Community: 1

Ground Keeping: 1

Insurance: 1

Management: 1

Master Association: 1

Pool: 1

Tennis: 1

Theater: 1

Other - See Remarks: 1

Irrigation: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Negotiable: 1

Floor - Carpet: 1

Smart Home: 1

Smart Thermostat: 1

Covenants & Rescrictions: 1

Cul-De-Sac: 1

Landscaped: 1

Subdivision - Recorded: 1

Driveway: 1

Garage Attached: 1

Resid Single Family: 1

Basketball Court: 1

Boardwalk: 1

Business Center: 1

Exercise Room: 1

Pool: 1

Tennis: 1

Theater: 1

Dining: 1

Dog Park: 1

Pickle Ball: 1

Trail(s): 1

Bedroom: 1

Den: 1

Dining Room: 1

Great Room: 1

Primary Bedroom: 1

Screened Porch: 1

Electric 220/240: 1

Natural Gas - Connected: 1

Internet - Fiber Optic: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Underground Utilities: 1

As Is: 1

First: 1

First: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Electric: 1

Forced Air: 1

MBath Double Vanity: 1

MBath Shower Only: 1

MBed First Floor: 1

MBed Walk-in Closet: 1

Gated Community: 1

Key Card Entry: 1

Security Gate: 1