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$620,000
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Property Description
PARROT FLOORPLAN -- Welcome to this beautifully appointed Parrot home located in Phase 4 of the highly desirable Latitude Margaritaville Watersound. Perfectly positioned with a north-facing front, this home enjoys exceptional year-round lanai comfort and a setting that truly elevates everyday living. One of the standout features of this home is the extended, screened-in rear lanai, which overlooks a tranquil pond with mature trees beyond, creating a private and peaceful backdrop. Because this is the Parrot model, the lanai is recessed, offering added privacy from neighboring homes--an ideal space for morning coffee, evening cocktails, or simply relaxing with nature. Inside, the home features upgraded cabinets, countertops, and flooring, along with custom closet and shelving enhancements that add both functionality and style. The previous owner invested significant time and care into a high-end blind package, thoughtfully designed and strategically placed to maximize natural light while maintaining privacy throughout the home. Location matters, and this home delivers. You're just minutes from the current Town Center amenities and also close to the future marina, making this an exceptional spot for both today's lifestyle and tomorrow's value. Living here means enjoying an active, vibrant 55+ community filled with concerts, fitness classes, social clubs, and endless opportunities to connect with neighbors. Latitude Margaritaville Watersound is known for its resort-style pools, state-of-the-art fitness center, on-site restaurant and bar, pickleball and tennis courts, scenic walking and biking trails, and a lively Town Square with regular live music and events. The lifestyle is unmatched--fun, friendly, and designed for active adults who want more than just a home. This Parrot home combines privacy, upgrades, location, and lifestyle--a rare find in one of the community's most desirable phases.
Full Property Details
Full Property Details for 8733 Coral Reef Wy
General
- Sold For: $620,000
- Taxes: $4,792 (2025)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 783412
- Added to Site: 148 day(s) ago
Interior
- Number of Rooms: 2
- Appliances: Electric Oven, Electric Range, Tankless Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Gated
- Pool: Yes
- Pool Description: Community
- Tennis: Yes
- Security/Safety: Gated Community, Security Gate, Smoke Detector(s)
Exterior
- Exterior Features: Patio
- Porch/Patio/Deck: Enclosed, Patio, Covered, Porch
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Gated
Location
- County: Bay
- Subdivision: Latitude at Watersound
- Driving Directions: From Highway 79 N. turn east on W. Bay Parkway. Turn left at 2nd gate on coral Reef Way, follow road around, home is 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
- Heating Type: Heat Pump
Utilities
- Sewer: Public Sewer
- Utility Description: Underground Utilities
Structural Information
- Architectural Style: Ranch
- Construction: HardiPlank Type
- Roof: Shingle
- Stories/Levels: 1
- Sq. Ft. Source: Plans
- Year Built: 2023
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,230
- Lot Size: .17
- Lot Dimensions: 49 x 138
Financial Considerations
- Tax Amount: $4,792
- Tax Year: 2025
Disclosures and Reports
- Legal Description: Lot 4077, Latitude at Watersound Area 1 Phase 4A, according to the map or plat thereof, as recorded in Plat Book 29, Page(s) 23 to 35, Public Records of Bay County, Florida.
- Property ID: 32503-350-154
Listed by Watersound Real Estate
Sold by Real Broker LLC
Get Pre-Approved Today
Schools
Schools serving 8733 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 8733 Coral Reef Wy
Date
Details
Price
Change
Source
4/02/2026
Sold
$620,000
-5.33%
MLS
2/21/2026
Price Reduced
$654,900
-1.21%
MLS
2/13/2026
Price Reduced
$662,900
-0.3%
MLS
1/09/2026
Listed
$664,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8733 Coral Reef Way, Panama City Beach, FL 32413 (MLS# 783412) is a Single Family property that was sold at $620,000 on April 02, 2026. Want to learn more about 8733 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.

