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$700,000
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Property Description
**MOTIVATED SELLER** PARROT WITH POOL - PHASE 4 - CLOSER TO EVERYTHING THAN NEW CONSTRUCTION. Welcome to 8863 Coral Reef Way, a beautifully upgraded Parrot model in highly desirable Phase 4, where many believe you're in the sweet spot of the community. Close enough for a quick golf cart ride to Town Square, yet far enough away to enjoy peace, privacy, and that relaxed island pace of life. Set on a premium wooded 4B lot, you don't see neighbors behind you -- just natural beauty. It's the kind of backyard where you can sip something cold, listen to your favorite Buffett playlist, and feel like you've permanently escaped the mainland. And then there's the showstopper. The SWIMMING POOLl and hot tub are absolutely spectacular. This is not an afterthought pool. This is a full backyard retreat designed for sunset swims, weekend gatherings, and quiet evening soaks under the stars. If Jimmy were writing about a backyard in Watersound, this might be it. Inside, this Parrot is completely move-in ready and loaded with upgrades: "¢ Generac whole house generator "¢ Quartz countertops throughout "¢ Extended kitchen counter with matching quartz backsplash "¢ Upgraded cabinets with soft close doors, crown molding, side panels, pulls, and dual trash cans "¢ Cabinets, counter, and sink in the laundry room "¢ Upgraded appliances "¢ Laminate flooring throughout most of the home "¢ Upgraded trim throughout Both bathrooms feature upgraded tile floors and walls, frameless glass shower surrounds, upgraded shower heads, automatic exhaust timer switches, and a no curb entry in the main bath shower for a clean, seamless look. Additional highlights include: "¢ Designer lighting over kitchen counters and table "¢ Whole home WiFi with extender "¢ WiFi garage door opener "¢ Epoxy garage floor, shelving, and added attic flooring for storage "¢ Ring cameras and Yale WiFi door locks "¢ TV wall brackets and TV outlet plus gas line on the lanai "¢ High performance ceiling fans "¢ Custom shelving in the main bedroom closets Living in Latitude Margaritaville Watersound isn't just about square footage. It's about lifestyle. Resort style pool overlooking the Intracoastal Waterway, a two story full service restaurant, fitness center with indoor lap pool and spa, pickleball and tennis courts, walking trails, kayak launch, bandshell concerts, hobby rooms, and a social calendar that keeps life as full as you want it to be. And with the St. Joe Company developing the new commercial area along Highway 79, convenience and value continue to grow. This home captures what the Parrot model is all about -- open, bright, inviting -- with the added bonus of privacy, a spectacular pool, and upgrades in all the right places. If you've been waiting for your own little piece of paradise where the days move slower and the sunsets last longer, this is it. Some photos have been virtually staged or digitally altered for presentation purposes
Full Property Details
Full Property Details for 8863 Coral Reef Wy
General
- Sold For: $700,000
- Taxes: $6,849 (2025)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 786295
- Added to Site: 174 day(s) ago
Interior
- Number of Rooms: 2
- Interior Features: Main Level Primary
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Business Center, Picnic Area
- Pool: Yes
- Private Pool: Yes
- Pool Description: Gunite, Gas Heat, In Ground, Screen Enclosure, Salt Water, Private
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Bay
- Subdivision: Latitude at Watersound
- Driving Directions: From Highway 79 turn west onto W. Bay Parkway. Turn south onto Coral reef Way followed the 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
- Adult Community: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric, Heat Pump
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available
Structural Information
- Architectural Style: Traditional
- Sq. Ft. Source: Plans
- Year Built: 2023
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,839
- Lot Size: .16
- Lot Dimensions: 48' x 131'
Financial Considerations
- Tax Amount: $6,849
- Tax Year: 2025
Disclosures and Reports
- Legal Description: LATITUDE AT WATERSOUND AREA 1 PHASE 4B LOT 4463
- Property ID: 32503-400-292
Listed by Watersound Real Estate
Sold by Non-Member Office
Get Pre-Approved Today
Schools
Schools serving 8863 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 | 2.3 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 7.8 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 8.5 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 8863 Coral Reef Wy
Date
Details
Price
Change
Source
7/17/2026
Sold
$700,000
-1.38%
MLS
6/14/2026
Price Reduced
$709,800
-0.01%
MLS
6/05/2026
Price Reduced
$709,900
-1.25%
MLS
5/30/2026
Price Reduced
$718,900
-0.14%
MLS
5/18/2026
Price Reduced
$719,900
-2.03%
MLS
5/15/2026
Price Reduced
$734,800
-0.01%
MLS
5/11/2026
Price Reduced
$734,900
-0.68%
MLS
5/01/2026
Price Reduced
$739,900
-1.33%
MLS
4/28/2026
Price Reduced
$749,900
-0.21%
MLS
4/16/2026
Price Reduced
$751,500
-0.53%
MLS
4/15/2026
Price Reduced
$755,500
-0.13%
MLS
3/26/2026
Price Reduced
$756,500
-0.33%
MLS
3/05/2026
Listed
$759,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8863 Coral Reef Way, Panama City Beach, FL 32413 (MLS# 786295) is a Single Family property that was sold at $700,000 on July 17, 2026. Want to learn more about 8863 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.

