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$381,500
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Property Description
CAMELLIA COTTAGE in Phase 4! This popular cottage floor plan is perfectly positioned on one of the more desirable and unique lots in Phase 4, offering a rare setting with open street-facing views instead of looking directly into another cottage. Enjoy added privacy, a more spacious feel, and beautiful sunset skies from your lanai--something not commonly found in many cottage homes. If you're looking for a location close to Town Square--but not right in the middle of the activity--this is an ideal balance of convenience and tranquility. This home is vacant and move-in ready, making it easy for a new owner to settle in and start enjoying the Latitude lifestyle right away. Inside, you'll find upgraded cabinetry, countertops, and flooring, along with recessed lighting throughout the home, upgraded light fixtures, ceiling fans, and enhanced lighting features that create a bright, welcoming atmosphere. The kitchen comes equipped with an electric stove, refrigerator, and washer & dryer, all of which will convey with the home for the new homeowner's enjoyment. The private lanai features a decorative coated concrete finish (epoxy-style), offering a clean, durable, and attractive outdoor space perfect for relaxing, entertaining, or simply enjoying the sunset views. Phase 4 is a fantastic section of the community, offering easy access to amenities while still maintaining a relaxed residential feel. You'll also enjoy a short walking distance to the Phase 4 mailbox, adding everyday convenience to this already great location. Living in Latitude Margaritaville Watersound means access to outstanding resort-style amenities, including a state-of-the-art fitness center, resort-style swimming pools, on-site restaurant, work and play center, pickleball courts, scenic walking trails, and a vibrant Town Square filled with live music and entertainment. The future commercial area planned by the St. Joe Company along Highway 79 will add even more convenience and value to this already thriving community. Buyer to verify any information deemed important. Some photos have been virtually staged or digitally altered for presentation purposes.
Full Property Details
Full Property Details for 8948 Coral Reef Wy
General
- Sold For: $381,500
- Taxes: $3,554 (2024)
- Status: Closed
- Type: Condo /Townhouse
- Source: Bay_County
- MLS ID: 783246
- Added to Site: 154 day(s) ago
Interior
- Number of Rooms: 2
- Interior Features: Home Theater
- Appliances: Electric Oven, Tankless Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Business Center, Gated
- Pool: Yes
- Pool Description: Community
- Tennis: Yes
Exterior
- Exterior Features: Porch
- Porch/Patio/Deck: Porch, Screened
Parking
- Garage: Yes
- Garage Spaces: 2
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, Turn south on Cheeseburger Blvd home is 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
- Heating Type: Heat Pump
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Florida
- Construction: HardiPlank Type
- Roof: Shingle
- Sq. Ft. Source: Plans
- Year Built: 2023
Lot Features
- Lot Dimensions: 42 x 110
Financial Considerations
- Tax Amount: $3,554
- Tax Year: 2024
Disclosures and Reports
- Legal Description: Lot 4403, Latitude at Watersound Area 1 Phase 4B, according to the map or plat thereof, as recorded in Plat Book 29, Page(s) 76 to 84, of the Public Records of Bay County, Florida.
- Property ID: 32503-400-172
Listed by Watersound Real Estate
Sold by World Impact Real Estate
Get Pre-Approved Today
Schools
Schools serving 8948 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 | 8.4 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 8948 Coral Reef Wy
Date
Details
Price
Change
Source
5/13/2026
Sold
$381,500
-3.39%
MLS
3/26/2026
Price Reduced
$394,900
-1.25%
MLS
3/09/2026
Price Reduced
$399,900
-2.44%
MLS
2/21/2026
Price Reduced
$409,900
-3.07%
MLS
2/13/2026
Price Reduced
$422,900
-0.47%
MLS
1/06/2026
Listed
$424,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8948 Coral Reef Way, Panama City Beach, FL 32413 (MLS# 783246) is a Condo / Townhouse property that was sold at $381,500 on May 13, 2026. Want to learn more about 8948 Coral Reef Way? Do you have questions about finding other Condo / Townhouse 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.

