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$450,000
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Property Description
Luxury Retirement Living at Latitude Margaritaville Watersound!!!! Welcome to 8724 Pencil Thin Avenue - featuring the Aloha floorplan, the largest of the cottage models offered in the highly desirable Margaritaville in Panama City Beach, a premier 55+ active adult community where luxury meets leisure along Florida's breathtaking Emerald Coast. Thoughtfully designed with over $107,000 in premium upgrades, this stunning home offers almost 1,500 square feet of refined coastal living. Every detail reflects a seamless blend of comfort, style, and vibrant retirement living at its finest. This home is being sold fully furnished, featuring a professionally styled selection of high-quality furniture, purchased at a value exceeding $25,000. The furnishings have only been used a handful of times and are in like-new condition, making this a truly turnkey opportunity. 2 Bedrooms + Bonus Flex Room | 2 Bathrooms | Almost 1,500 Sq Ft 2-Car Garage | Screened-In Lanai. Premium Interior Finishes & Upgrades Include: Modern stained cabinetry with vaulted ceilings and custom wood beams, High-end quartz countertops, designer backsplash, and upgraded stainless steel appliances, including a premium cooktop and range, Kitchen features pull-out drawers in the lower cabinets for added functionality and convenience, Accent walls in the primary bedroom and dining area for added elegance, Shiplap wall accents, designer lighting, and upgraded trim throughout, A luxurious screened-in lanai - perfect for relaxing or entertaining outdoors in total comfort, A spacious walk-in laundry room with upgraded tile flooring and ample storage, All closets are outfitted with custom Java-style wooden ventilated shelving for style and improved airflow. Bonus Living Area / Flex Room A beautifully lit and versatile space ideal for use as a home office, reading nook, craft studio, or guest room - tailored to your lifestyle. Latitude Margaritaville Watersound - A 55+ Resort-Style Community with Big Plans Ahead: Enjoy an unmatched lifestyle in one of Florida's most talked-about active adult communities: Resort-style pools, a state-of-the-art fitness center, on-site restaurants, bars, live music venues, and a thriving town center, Private beach club access with convenient shuttle service, Pickleball courts, walking and biking trails, dog parks, and year-round community events, A gated, golf-cart-friendly neighborhood designed for connection, convenience, and fun. Ideal Location & Exciting Future Development: Just minutes from boat ramps, kayaking spots, and waterfront restaurants in West Bay, Almost direct access to Northwest Florida Beaches International Airport (ECP) - only a short drive from the community entrance, Future plans include a full-service marina located within the community on the Intracoastal Waterway, offering boaters and water enthusiasts direct access to the coast, A planned connection to Watersound Origins in Walton County will provide expanded access to trails, shops, dining, and recreation. This is more than just a home - it's a gateway to a carefree coastal lifestyle, thoughtfully designed for those 55 and better. Whether you're enjoying your sun-soaked lanai, taking part in community activities, or exploring the beautiful Emerald Coast, 8724 Pencil Thin Ave offers the perfect launchpad for your next adventure. Schedule your private showing today and experience the joy of living in Latitude Margaritaville Watersound - where every day feels like a vacation.
Full Property Details
Full Property Details for 8724 Pencil thin Ave
General
- Sold For: $450,000
- Taxes: $494 (2024)
- Status: Closed
- Type: Condo /Townhouse
- Source: Bay_County
- MLS ID: 775275
- Added to Site: 209 day(s) ago
Interior
- Number of Rooms: 4
- Appliances: Electric Oven, Gas Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Pool: Yes
- Pool Description: Community
- Security/Safety: Security Gate, Gated Community, Smoke Detector(s)
Exterior
- Exterior Features: Porch
- Porch/Patio/Deck: Covered, Porch, Screened
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Bay
- Subdivision: Latitude at Watersound
- Driving Directions: From Pier Park Turn right onto FL-79 N Turn left onto Latitude Blvd Turn left Destination 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
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Coastal
- Construction: HardiPlank Type
- Sq. Ft. Source: Owner
- Year Built: 2024
Lot Features
- Lot Size (Acres): 0.86
- Lot Size (Sq. Ft.): 37,462
- Lot Size: .86
- Lot Dimensions: 35 x 101 x 42 x 63 x 6 x 37
- Lot Features: Sprinkler System, Paved
- Zoning: Resid Single Family
Financial Considerations
- Tax Amount: $494
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: LATITUDE AT WATERSOUND AREA 1 PHASE 6B & 6C LOT 6474
- Property ID: 32503-650-548
Listed by Keller Williams Success Realty
Sold by Non-Member Office
Get Pre-Approved Today
Schools
Schools serving 8724 Pencil thin Ave
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
West Bay Elementary School 14813 School Dr, Panama City Beach, FL 32413 | K-5 | 2.5 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 7.9 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 8.7 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 8724 Pencil thin Ave
Date
Details
Price
Change
Source
8/13/2025
Sold
$450,000
-3.2%
MLS
7/25/2025
Price Reduced
$464,900
-1.92%
MLS
6/21/2025
Listed
$474,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8724 Pencil Thin Avenue, Panama City Beach, FL 32413 (MLS# 775275) is a Condo / Townhouse property that was sold at $450,000 on August 13, 2025. Want to learn more about 8724 Pencil Thin Avenue? Do you have questions about finding other Condo / Townhouse 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.

