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$425,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 2 Full Baths
  • 1,472 Sq. Ft.
  • Updated 9 days ago
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Step into the best of low-maintenance, resort-style living in this barely lived-in Aloha Cottage! Perfectly situated in Phase 5 near the golf cart underpass, you're just minutes from the vibrant Town Square amenities of Latitude Margaritaville Watersound -- one of Northwest Florida's premier 55+ active adult communities. Nestled on a fabulous oversized corner lot, this charming 2-bedroom, 2-bath Florida cottage with a versatile flex room delivers 1,472 square feet of thoughtfully designed living space -- complete with upgrades galore, including granite countertops, elevated cabinetry, and beautiful laminate flooring throughout. The spacious kitchen flows seamlessly into the dining and family rooms, while a large laundry room and a lovely screened-in porch add everyday comfort and coastal charm. Just 7 miles from pristine Gulf beaches and situated within a golf-cart-friendly community, you'll enjoy world-class amenities set along the Intracoastal Waterway -- including a resort-style pool, two-story waterfront restaurant, state-of-the-art fitness center with indoor pool and spa, tennis and pickleball courts, and a lively bandshell for concerts and outdoor events. With two garage spaces, furnishings negotiable, and a brand-new Publix coming soon nearby, this turnkey cottage is ready to become your perfect primary retreat or sun-soaked second home. Live where others vacation -- your coastal dream starts here!

Full Property Details for 8944 Coral Reef Wy

General

  • Price: $425,000
  • Taxes: $4,780 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Emerald_Coast
  • MLS ID: 1000857
  • Updated: 4/17/2026
  • Added to Site: 14 day(s) ago

Rental Information

  • Complex Features: Community Room, Exercise Room, Gated Community

Interior

  • Number of Rooms: 4
  • Interior Features: Breakfast Bar, Ceiling Vaulted, Lighting Recessed
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Flooring: Floor Tile, Floor Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Pool: Yes
  • Pool Description: Pool Type

Exterior

  • Porch/Patio/Deck: Patio Covered

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2

Location

  • Area: 27 - Bay County
  • County: Bay
  • Subdivision: Latitude Margaritaville
  • Driving Directions: From Destin, take Hwy 98E to Panama City Beach, Turn left onto Hwy 79 N, left on West Bay Parkway, follow to 2nd gated entrance on left, Coral Reef Way, home on left at corner of Coral Reef Way & Cheeseburger Drive.

School Information

  • Elementary School: West Bay
  • Middle School: Surfside
  • High School: Arnold

Community

  • Association: Yes
  • Assoc. Fees Include: Accounting, Ground Keeping, Security

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central
  • Heating/Cooling: Central, Central Air

Utilities

  • Sewer: Public Sewer
  • Utility Description: Public Water, Underground

Structural Information

  • Architectural Style: Florida Cottage
  • Construction: Siding CmntFbrHrdBrd
  • Exterior Const.: Siding CmntFbrHrdBrd
  • Stories/Levels: 1
  • Square Feet: 1,472
  • Sq. Ft. Source: County PA Records
  • Year Built: 2023

Lot Features

  • Lot Dimensions: 0 x 0
  • Street/Road Desc.: Paved
  • Lot Features: Sidewalk, Survey Available
  • Zoning: Resid Single Family

Financial Considerations

  • Assessment Amount: $340
  • Tax Amount: $4,780.64
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: Latitude At Watersound Area 1 Phase 4B Lot 4405 Orb 4792 P 991
  • APN: 32503-400-176
  • Property ID: 32503-400-176

Listed by Legacy Premier Agency LLC

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Listing agent

— 8944 Coral Reef Wy —

  • Legacy Premier Agency LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 8944 Coral Reef Wy

School District:Bay County School District
NameGradesDistance
West Bay Elementary School
14813 School Dr, Panama City Beach, FL 32413
K-52.3 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-87.8 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-128.5 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 8944 Coral Reef Wy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/17/2026
Listed
$425,000
-3.41%
MLS
4/15/2024
Sold
$440,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 8944 Coral Reef Wy

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,033
—
$383,116
18%
2024
$4,033
17435%
$323,370
17532%
2023
$23
—
$1,834
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Legacy Premier Agency LLC

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8944 Coral Reef Way, Panama City Beach, FL 32413 (MLS# 1000857) is a Single Family property with 2 bedrooms and 2 full bathrooms. 8944 Coral Reef Way is currently listed for $425,000 and was received on April 17, 2026. Want to learn more about 8944 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.

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