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$637,500
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Property Description
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Phase 4 | Cabana Beach Collection | Pond Views! Welcome to luxury coastal living in this highly upgraded Cabana Beach Collection home perfectly situated with peaceful pond views in sought-after Phase 4 of Latitude Margaritaville Watersound. Step inside to a chef's kitchen featuring a gas cooktop, upgraded Colada designer cabinetry with vent hood, walk-in pantry, quartz countertops and backsplash, and rich oiled bronze hardware. The large kitchen island and breakfast room flow seamlessly into the open-concept great room, perfect for entertaining or relaxing in style with a wall of glass sliders opening to an inviting lanai space for extended outdoor living and tranquil pond views. The oversized primary suite showcases a stunning bayed window with pond views, plush carpet, and custom-designed dual closets. The spa-inspired primary bath offers a luxurious soaking tub, frameless shower enclosure with tile shower seat, dual vanities, and elegant finishes. An inviting office, a media room, and a formal dining room-featuring a show-stopping crystal chandelier-add flexibility and sophistication. The dining space can also serve as a bar, game, or craft room to fit your lifestyle. Upgrades abound throughout the home, including ''wood-look'' tile floors in the entry, great room, and dining room. Designer paint, crown molding, plantation shutters, and upgraded lighting and ceiling fans. A whole house GENERAC GENERATOR (cost$13k), art accent lighting, designer laundry storage closet, garage with epoxy floor, utility sink, and custom workshop area reflect thoughtful attention to every detail. HOA dues includes all lawn care and world class amenities. This home has a Structural Warranty that is transferrable to the buyer for 10 years from the original build date. (approx. 7 years left) Enjoy Florida living at its finest on the extended screened lanai with sealed pavers, the perfect spot for morning coffee or sunsets overlooking the serene pond. About Latitude Margaritaville Watersound - This 55+ active adult coastal community is inspired by the lifestyle of fun, freedom, and relaxation. Nestled between the sugar-white sands of the Emerald Coast and the natural beauty of the Florida Panhandle, residents enjoy resort-style amenities including: The lively Town Center with a two story coastal themed restaurant overlooking the Intracoastal Waterway, live music, and entertainment. A resort-style pool with tiki huts and cabanas. Fitness and wellness center, pickleball, tennis, and bocce courts. Walking and biking trails, and golf-cart-friendly pathways with underpasses for easy and safe access throughout the community. Dog park/pet grooming center, woodworking and ceramic workshops, theater and planned community events that make every day feel like a vacation. Commercial space to include Publix Grocery store, bank, dining and shopping. A planned public marina on site as well. Latitude Margaritaville Watersound isn't just a place to live-it's a way of life where neighbors become friends and every sunset is a celebration.
Full Property Details
Full Property Details for 8737 Coral Reef Wy
General
- Sold For: $637,500
- Taxes: $5,162 (2024)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 780748
- Added to Site: 87 day(s) ago
Interior
- Number of Rooms: 8
- Interior Features: Smart Thermostat
- Appliances: Down Draft, Electric Oven, Gas Cooktop, Gas Water Heater, Tankless Water Heater
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Business Center, Gated, Spa/Hot Tub
- Pool: Yes
- Pool Description: Community
- Spa Description: Community
- Tennis: Yes
- Security/Safety: Carbon Monoxide Detector(s), Gated Community, Security Gate, Smoke Detector(s)
Exterior
- Exterior Features: Porch
- Porch/Patio/Deck: Porch, Screened
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Garage, Garage Door Opener, Gated
Location
- County: Bay
- Subdivision: Latitude at Watersound
- Driving Directions: Hwy 98 to Hwy 79 North, left on West Bay Parkway, to second gated entrance on the left, Coral Reef Way, to left on Cheeseburger Dr. to right on Coral Reef Way, home on left.
School Information
- Elementary School: West Bay
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 04 - Bay County - North
- Association: Yes
- Adult Community: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Heat Pump, Other, See Remarks
- Heating Type: Central, Forced Air, Heat Pump, Other, See Remarks
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available, High Speed Internet Available, Underground Utilities
Structural Information
- Architectural Style: Ranch
- Construction: HardiPlank Type, Wood Frame
- Windows: Double Pane Windows
- Stories/Levels: 1
- Sq. Ft. Source: Plans
- Year Built: 2023
Lot Features
- Property View: Other
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,362
- Lot Size: .17
- Lot Dimensions: 49 x 141
- Lot Features: Sprinkler System, Paved
- Zoning: Resid Single Family
Financial Considerations
- Tax Amount: $5,162
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: LATITUDE AT WATERSOUND AREA 1 PHASE 4A LOT 4078 ORB 4714 P 408
- Property ID: 32503-350-156
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Schools
Schools serving 8737 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 8737 Coral Reef Wy
Date
Details
Price
Change
Source
12/10/2025
Sold
$637,500
-1.16%
MLS
10/22/2025
Listed
$645,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8737 Coral Reef Way, Panama City Beach, FL 32413 (MLS# 780748) is a Single Family property that was sold at $637,500 on December 10, 2025. This property was listed by Sheryl Lewis from our Panama City Beach - Thomas Dr. Office.Want to learn more about 8737 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.


