8944 Coral Reef Way, Panama City Beach, FL 32413 - Photo 1

1/1

$400,000

Sold
Closed
Single Family
2 Beds
2 Full Baths
1,472 Sq. Ft.

1/1

Property Description

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

Full Property Details for 8944 Coral Reef Wy

General

Sold For: $400,000
Taxes: $4,780 (2025)
Status: Closed
Type: Single Family
Source: Emerald_Coast
MLS ID: 1000857
Added to Site: 130 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
Sold by Navarre Area Board Of Realtorsâ®

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— 8944 Coral Reef Wy —

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Schools

Schools serving 8944 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 8944 Coral Reef Wy

Date

Details

Price

Change

Source

8/06/2026

Sold

$400,000

-4.08%

MLS

6/02/2026

Price Reduced

$417,000

-1.88%

MLS

4/17/2026

Listed

$425,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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8944 Coral Reef Wy, Panama City Beach, FL 32413 - Photo 1

Sold

$400,000