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$560,000
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Property Description
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. 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!
Full Property Details
Full Property Details for 8687 Coral Reef Wy
General
- Sold For: $560,000
- HOA FEE: $337/month
- Taxes: (2025)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 791927
- Added to Site: 61 day(s) ago
Interior
- Number of Rooms: 3
- Interior Features: Double Vanity, Main Level Primary, Walk-In Closet(s)
- Appliances: Electric Cooktop, Gas Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Shared Amenities: Gated, Gazebo
- Pool: Yes
- Pool Description: Community
- Spa Description: Community
- Tennis: Yes
- Security/Safety: Gated Community, Security Gate
Exterior
- Exterior Features: Porch
- Porch/Patio/Deck: Covered, Patio, Porch, Screened
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Gated
Location
- County: Bay
- Subdivision: Latitude at Watersound
- Driving 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.
School Information
- Elementary School: West Bay
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 04 - Bay County - North
- Association: Yes
- Assoc. Fees Include: Fitness Facility, Maintenance Grounds, Pool(s), Recreation Facilities, Tennis Courts
- Adult Community: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
Utilities
- Sewer: Public Sewer
- Utility Description: Cable Connected, Electricity Available, Underground Utilities
Structural Information
- Architectural Style: Mediterranean
- Construction: HardiPlank Type, Wood Frame
- Stories/Levels: 1
- Sq. Ft. Source: Plans
- Year Built: 2023
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,534
- Lot Size: .15
- Lot Dimensions: 50.0 ft x 131.0 ft
- Zoning: Resid Single Family
Financial Considerations
- Association Fee: $337
- Assoc Fee Freq.: Monthly
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: LATITUDE AT WATERSOUND AREA 1 PHASE 4A LOT 4058 ORB 4816 P 169
- Property ID: 32503-350-116
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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 ATTOM Data Solutions 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
7/31/2026
Sold
$560,000
-2.61%
MLS
6/26/2026
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8687 Coral Reef Way, Panama City Beach, FL 32413 (MLS# 791927) is a Single Family property that was sold at $560,000 on July 31, 2026. This property was sold by Alisa Walley from our Panama City Beach - Thomas Dr. Office.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.


