8651 Coral Reef WAY, Panama City Beach, FL 32413
8651 Coral Reef WAY, Panama City Beach, FL 32413
8651 Coral Reef WAY, Panama City Beach, FL 32413
8651 Coral Reef WAY, Panama City Beach, FL 32413
8651 Coral Reef WAY, Panama City Beach, FL 32413
8651 Coral Reef WAY, Panama City Beach, FL 32413
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$ 629,000
Est. payment | /mo

2 Beds

2 Baths

1,934 SqFt


Save
$ 629,000
Est. payment | /mo
Save

2 Beds

2 Baths

1,934 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached Single Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,934 sqft

Price per Sqft $325

Subdivision Latitude At Watersound

MLS Listing ID 1015148

Style Caribbean

Bedrooms 2

Full Baths 2

HOA Fees $336/mo

HOA Y/N Yes

Year Built 2023

Annual Tax Amount $4,974

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 65.0 ft x 131.0 ft

Property Sub-Type Detached Single Family

Source Emerald Coast Association of REALTORS®

Land Area 1934

Property Description

NOT ALL WATERFRONT HOMES ARE CREATED EQUAL.
**8651 CORAL REEF WAY | LATITUDE MARGARITAVILLE WATERSOUND**

**THE LOT. THE LOCATION. THE LAYOUT. THE LUXURY. FOUR REASONS THIS HOME STANDS APART.**

Some homes check the boxes. Others redefine the standard. Welcome to 8651 Coral Reef Way, an exceptionally upgraded waterfront Parrott floor plan situated on the **largest waterfront lot in Phase 4**, along one of Latitude Margaritaville Watersound's most desirable streets.

**RARE LOT. RARE FLOOR PLAN. EXTRAORDINARY FINISHES.**

With approximately 20 additional feet of waterfront lot width along the east side, this property offers something especially difficult to duplicate: additional space, an exceptional waterfront setting, and a coveted location. Add one of the community's most sought-after and rarely available floor plans, an unusually deep extended screened lanai, and an extensive collection of custom upgrades, and the result is a home that stands in a class of its own.

**THE RENOVATION? NOTHING SHORT OF EXCEPTIONAL.**

The sellers spared little expense transforming this residence into a sophisticated coastal retreat. Nearly every detail was thoughtfully considered, from the new luxury vinyl plank flooring, quartz countertops, sea-glass backsplash, updated bronze fixtures, custom window treatments, designer accent walls, and upgraded trim to the stunning shiplap fireplace wall featuring a distinctive natural live-edge wood mantel. The chef-inspired kitchen is anchored by the Parrott plan's signature oversized island and showcases upgraded gas cooking appliances, including a double oven, stylish vent hood, and beautiful custom finishes. A newly epoxied garage floor, dedicated 20-amp fireplace electrical circuit, and thoughtfully positioned lighting controls further demonstrate the exceptional attention to detail.

**THE WATERFRONT EXPERIENCE IS THE SHOWSTOPPER.**

A soaring vaulted great room opens to a dramatic wall of sliding glass doors, creating a seamless connection to the expansive outdoor living space. The extended screened lanai, among the deepest waterfront extensions in the community, is complemented by newly extended pavers and breathtaking water views. Whether enjoying a quiet morning or entertaining friends, this setting delivers the Florida lifestyle buyers dream about.

The secluded primary suite is equally impressive, featuring an expansive waterfront-facing bay window, custom shiplap accent wall, dual closets, custom window coverings, and a beautifully appointed bathroom with a dedicated makeup vanity.

**THE PARROTT PLAN. HIGHLY SOUGHT AFTER. RARELY AVAILABLE.**

Offering 2 bedrooms, 2 bathrooms, and an oversized bonus room with custom built-in shelving and cabinetry, this layout combines spacious entertaining areas with everyday versatility. The bonus room offers the potential to create a third bedroom by adding a wall and closet, subject to applicable requirements, or can remain an elegant office, guest retreat, or additional living area.

**AND THEN THERE'S THE LIFESTYLE.**

Located in desirable Phase 4, you're a short golf cart ride from Latitude Margaritaville's celebrated Town Square and resort-style amenities, including pools, pickleball, tennis, fitness center, live music, bandshell, theater, kayak launch, woodworking shop, clay studio, Bar & Chill Restaurant, and waterfront Overlook Bar.

Approximately 7 miles from the Emerald Coast's spectacular beaches, the community also offers convenient access to the developing West Bay shopping and dining destination, with Publix and additional retail, restaurant, medical, and personal services planned nearby. HOA services include lawn maintenance, access to community amenities, and an exciting calendar of activities.

**THE BEST PART? THE OPPORTUNITY WAS NEVER PLANNED.**

Location

State FL

County Bay

Community Short Term Rental - Allowed, Bbq Pit/Grill, Boat Launch, Community Room, Dock, Exercise Room, Gated Community, Pets Allowed, Picnic Area, Pool, Tennis, Waterfront

Area 27 - Bay County

Zoning Resid Single Family

Direction 1. Travel north on Highway 79 approximately 7.5 miles, 2. Turn LEFT onto West Bay Parkway (Latitude Boulevard) at the Latitude Margaritaville entrance, 3. Turn LEFT onto Margaritaville Boulevard toward the gated residential entrance, 4. Proceed through the security gate, 5. Turn RIGHT onto Coral Reef Way, 6. Continue along Coral Reef Way toward 8651 Coral Reef Way.

Rooms

Primary Bedroom Level Main

Master Bedroom true

Kitchen true

Interior

Interior Features Ceiling Tray/Cofferd, Ceiling Vaulted, Kitchen Island, Lighting Recessed, Pantry, Split Bedroom, Washer/Dryer Hookup

Heating Central

Cooling Ceiling Fans, Central Air

Flooring Floor Vinyl

Window Features Window Bay,Window Treatment All

Appliance Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Tnkls

Laundry true

Exterior

Exterior Feature Sprinkler System, Enclosed Patio, Screened Porch, Sprinkler System

Pool Pool Type

Community Features Short Term Rental - Allowed, BBQ Pit/Grill, Boat Launch, Community Room, Dock, Exercise Room, Gated Community, Pets Allowed, Picnic Area, Pool, Tennis, Waterfront

Utilities Available Electric, Phone, Public Water, TV Cable, Underground

Waterfront Description Pond

View Pond

Roof Type Composite Shingle

Street Surface Paved

Porch Patio Enclosed, Porch Screened

Road Frontage Private Road

Garage No

Building

Lot Description Cleared, Covenants, Interior, Restrictions, Sidewalk, Survey Available, Within 1/2 Mile to Water, See Remarks

Faces 1. Travel north on Highway 79 approximately 7.5 miles, 2. Turn LEFT onto West Bay Parkway (Latitude Boulevard) at the Latitude Margaritaville entrance, 3. Turn LEFT onto Margaritaville Boulevard toward the gated residential entrance, 4. Proceed through the security gate, 5. Turn RIGHT onto Coral Reef Way, 6. Continue along Coral Reef Way toward 8651 Coral Reef Way.

Story 1

Sewer Public Sewer

Architectural Style Caribbean

New Construction No

Schools

Elementary Schools West Bay

Middle Schools Surfside

High Schools Arnold

Others

Pets Allowed No

HOA Fee Include Accounting, Ground Keeping, Master Association

Tax ID 32503-350-106

 Emerald Coast MLS - IDX
Listed by Mike Herring Keller Williams Realty SRB

Nearby Locations

Nicole Harris

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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8651 Coral Reef WAY