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$549,900
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Property Description
Welcome home to Latitude Margaritaville Watersound - an exclusive 55+ community located in the scenic Florida panhandle, near Panama City Beach and the renowned 30A corridor. This newly constructed Coconut Plan home, meticulously decorated by its homeowner, an accomplished interior designer, offers a premium living experience with sophisticated luxury at every turn. The gourmet kitchen features custom cabinetry with soft-close doors, pull-out pantry shelving, and a convenient dedicated pots and pans drawer. Both the kitchen and bathrooms are outfitted with luxurious quartz countertops, designer faucets, and an elegant tile backsplash. The bathroom cabinetry has been thoughtfully upgraded, with the master bath offering a double bank of drawers for added storage. Throughout the home, premium tile flooring enhances the bathrooms and laundry area, while the master bedroom and closet boast beautiful high level hardwood floors. Crown molding accents every room, adding sophistication and detail. Ceiling fans and custom lighting are installed throughout the home for year-round comfort. The spacious living room is elevated with decorative beams, creating a welcoming and refined atmosphere. Every room has been thoughtfully designed with an eye for elegance and style, ensuring a seamless blend of comfort and opulence. The screened-in lanai offers an ideal space for outdoor relaxation, and relaxing pond views that are perfect for enjoying the mild Florida climate. Additional thoughtful features include extra electrical outlets, an attic pull-down for convenient storage access, and a stylish glass front door. Latitude Margaritaville Watersound offers an unparalleled living experience in a vibrant 55+ community and is the most coveted and sought after community in the United States! With unparalleled amenities such as restaurants, a fitness center with numerous fitness classes offered, bar, resort style heated pool, indoor pool, Pickleball Courts, Basketball Courts, and live music Daily. Friday and Saturday night concerts will keep you entertained throughout the year! Additional amenities includes a full size theatre, Barkaritaville dog spa, woodworking shop, business center and community rooms for clubs, groups, tastings and food demonstrations. The public retail has also begun with the golf cart store in full swing, Capital City Bank is about to open and anticipating the grocery store, restaurants and other boutique shopping soon as well as the Public Marina...all through St Joe! Don't miss the opportunity to experience this exceptional, designer-inspired home. Contact us today to schedule a private viewing.
Full Property Details
Full Property Details for 8687 Coral Reef Wy
General
- Price: $549,900
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 769440
- Updated: 12/29/2025
- Added to Site: 326 day(s) ago
Interior
- Number of Rooms: 5
- Appliances: Gas Cooktop, Gas Oven, Gas Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Shared Amenities: Gazebo
- Pool: Yes
- Pool Description: Community
- Tennis: Yes
- Security/Safety: Gated Community, Smoke Detector(s)
Exterior
- Exterior Features: Porch
- Porch/Patio/Deck: Porch, Screened
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Garage, Garage Door Opener
Location
- County: Bay
- Subdivision: Latitude at Watersound
- Driving Directions: Hwy 79 to Latitude Blvd to Margaritaville Blvd, Turn right on to Coral Reef Way and the property will be on the right.
School Information
- Elementary School: West Bay
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 04 - Bay County - North
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available
Structural Information
- Architectural Style: Florida
- Construction: HardiPlank Type
- Sq. Ft. Source: Appraiser
- Year Built: 2023
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,534
- Lot Size: .15
- Lot Dimensions: 50 x 131
- Lot Features: Paved
- Zoning: Resid Single Family
Water Features
- Boat Dock Slip: Yes
Disclosures and Reports
- Legal Description: LATITUDE AT WATERSOUND AREA 1 PHASE 4A LOT 4058 ORB 4816 P 169
- Property ID: 32503-350-116
Listed by EXP Realty LLC
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Schools
Schools serving 8687 Coral Reef Wy
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
West Bay Elementary School 14813 School Dr, Panama City Beach, FL 32413 | K-5 | 2 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 7.5 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 8.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8687 Coral Reef Wy
Date
Details
Price
Change
Source
12/29/2025
Price Reduced
$549,900
-0.92%
MLS
11/14/2025
Price Reduced
$555,000
-1.07%
MLS
11/04/2025
Price Reduced
$561,000
-3.69%
MLS
9/16/2025
Price Reduced
$582,500
-0.43%
MLS
8/05/2025
Price Reduced
$585,000
-1.68%
MLS
6/17/2025
Price Reduced
$595,000
-2.44%
MLS
6/09/2025
Price Reduced
$609,900
-3.18%
MLS
6/03/2025
Price Reduced
$629,900
-1.56%
MLS
5/22/2025
Price Reduced
$639,900
-1.02%
MLS
5/06/2025
Price Reduced
$646,500
-0.39%
MLS
4/16/2025
Price Reduced
$649,000
-0.92%
MLS
4/03/2025
Price Reduced
$655,000
-1.49%
MLS
3/12/2025
Price Reduced
$664,900
-1.5%
MLS
2/26/2025
Listed
$675,000
6.3%
MLS
6/21/2024
Sold
$635,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8687 Coral Reef Wy
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,422
1067%
$394,095
1204%
2023
$379
1705%
$30,231
1561%
2022
$21
—
$1,820
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8687 Coral Reef Wy
8687 Coral Reef Way, Panama City Beach, FL 32413 (MLS# 769440) is a Single Family property with 3 bedrooms and 2 full bathrooms. 8687 Coral Reef Way is currently listed for $549,900 and was received on February 27, 2025. Want to learn more about 8687 Coral Reef Way? Do you have questions about finding other Single Family real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

