8687 Coral Reef Way, Panama City Beach, FL 32413 (MLS# 791927)

List Price/SqFt: 341.25

Status: Active

List Date: 2026-06-26

List Price: $575,000

Current Price: $575,000

Sub Area: 0411 - Bay North - West Bay

Community/Resort: None

Waterfront: No

Elementary School: West Bay

Middle School: Surfside

High School: Arnold

Directions: Hwy 79 to Latitude Blvd. Turn right onto Margaritaville Blvd and there will be a gate to get into the community. Turn left on to Coral Reef Way and the property will be on the left.

Area: 04 - Bay County - North

Street #: 8687

Street Name: Coral Reef

Street Suffix: Way

State: FL

Zip Code: 32413

County: Bay

Subdivision: Latitude at Watersound

Parcel ID: 32503-350-116

Legal Description: LATITUDE AT WATERSOUND AREA 1 PHASE 4A LOT 4058 ORB 4816 P 169

Acreage: 0.15

Design: Mediterranean

Lot Size (SqFt): 6534

Apx SqFt(Htd/Cooled): 1685

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Builders Plans

# of Stories in Building: 1

Lot Dimensions: 50.0 ft x 131.0 ft

New Construction: No

Garage Y/N: Yes

Garage Spaces: 2

Driveway Spaces: 2

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 3

Full Baths: 2

Total Baths: 2

Year Built: 2023

Homestead: Yes

HOA Fee: Yes

HOA Amount: 336.84

HOA Frequency: Monthly

HOA Annual Amount: 4042.08

Senior Community: Yes

Is Subject Leased: No

New Buyer Fee: Yes

New Buyer Fee Amt: 600

New Buyer Fee Paid: $

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Remarks: Welcome to one of the most elegant homes you will ever see in Latitude Margaritaville Watersound! Timeless design, exceptional craftsmanship, and luxury finishes combine to create a residence that will shock your senses and surpass any and all professionally designed homes currently available. Located just minutes from Panama City Beach, Scenic Highway 30A, and the Emerald Coast's world-famous beaches, this better-than-new Coconut floor plan has been professionally curated by an accomplished interior designer and showcases a level of quality rarely found in today's new construction. From the moment you step through the elegant glass front door, you'll immediately notice the attention to detail. Extensive crown molding, custom designer lighting, decorative ceiling beams, premium hardwood flooring throughout, designer tile, and carefully selected finishes create an atmosphere that is both sophisticated and inviting. The heart of the home is a stunning chef's kitchen designed for both everyday living and effortless entertaining. Custom soft-close cabinetry, luxurious quartz countertops, designer fixtures, an elegant tile backsplash, pull-out pantry shelving, dedicated pots-and-pans storage, and thoughtfully designed cabinetry provide the perfect blend of beauty and functionality. The spacious great room offers an open, light-filled living area accented by decorative ceiling beams that add warmth and architectural character. Every space has been thoughtfully designed to flow seamlessly, creating an elegant yet comfortable home that lives beautifully. The owner's retreat is a true sanctuary featuring rich hardwood flooring that continues into the oversized walk-in closet, creating the feel of a luxury boutique hotel suite. The spa-inspired primary bath offers upgraded cabinetry with double banks of drawers, luxury quartz countertops, premium fixtures, and designer finishes that transform everyday routines into moments of relaxation. Even the details behind the walls have been considered. Additional electrical outlets have been added throughout the home for convenience, while attic pull-down stairs provide easy access to valuable storage. Premium ceiling fans, upgraded bathroom cabinetry, custom lighting, and countless designer enhancements ensure this home is every bit as functional as it is beautiful. The screened lanai provides the perfect extension of your living space, ideal for morning coffee, afternoon reading, or entertaining friends while enjoying the peaceful surroundings and gentle coastal breezes. Beyond your front door, Latitude Margaritaville Watersound offers an unmatched resort lifestyle featuring multiple restaurants and bars, a spectacular resort-style heated pool, indoor lap pool, state-of-the-art fitness center, pickleball and basketball courts, a full-size theater, Barkaritaville Dog Spa, woodworking studio, business center, countless clubs and social activities, and live entertainment nearly every day of the week. The rapidly expanding Watersound Town Center continues to add shopping, dining, banking, and future marina access, making this one of Northwest Florida's most exciting communities. This is far more than a beautiful home it's a meticulously upgraded Designer's Paradise where every finish was intentionally selected, every detail thoughtfully considered, and every space created to elevate daily living. Simply move in, relax, and enjoy the luxury all around. It's 5 O'clock somewhere so get that golf cart ready to enjoy the lifestyle you spent your whole life waiting for!

Cooktop - Electric: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Washer: 1

Water Heater - Gas: 1

Ceiling - Beamed: 1

Ceiling - Crwn Molding: 1

Ceiling - Vaulted: 1

Floor - Hardwood: 1

Floor - Tile: 1

Kitchen Island: 1

Lighting - Recessed: 1

Plantation Shutters: 1

Pull Down Stairs: 1

Security System: 1

Window - Bay: 1

Foundation - Slab on Grade: 1

Wood/Frame: 1

Siding - Hardie Board: 1

Patio Covered: 1

Porch Screened: 1

Exercise Room: 1

Gated Community: 1

Ground Keeping: 1

Master Association: 1

Pool: 1

Recreational Faclty: 1

Tennis: 1

Irrigation: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Negotiable: 1

Ceiling - Tray: 1

First: 1

Landscaped: 1

Subdivision - Recorded: 1

Retention Pond: 1

Survey Available: 1

Comm/Own/Maint: 1

Gated Access: 1

Driveway: 1

Garage Attached: 1

Resid Single Family: 1

Basketball Court: 1

Boardwalk: 1

Community Room: 1

Conference Center: 1

Exercise Room: 1

Fishing: 1

Gated Community: 1

Pavilion/Gazebo: 1

Pool: 1

Retail Shops: 1

Tennis: 1

Waterfront: 1

Whirlpool: 1

Dining: 1

Dog Park: 1

Pickle Ball: 1

Recreation Facilities: 1

Shuffleboard Court: 1

Sidewalks: 1

Trail(s): 1

Bedroom: 1

Living Room: 1

Primary Bedroom: 1

ShowingTime: 1

TV Cable: 1

Electricity - Connected: 1

Garbage: 1

Natural Gas - Connected: 1

Internet - Fiber Optic: 1

Lift Station: 1

Phone - Available: 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

MBath Double Vanity: 1

MBath Shower Only: 1

MBath Walk-In Closet: 1

MBed First Floor: 1

Gated Community: 1