$655,000

8687 Coral Reef Way Panama City Beach, FL 32413

$7,778
Closing credit¹
3 beds
2 full
1,672 sqft
0.1 acres
$392 / sqft
House

Property details

About 8687 Coral Reef Way

Welcome home to Latitude Margaritaville Watersound - an exclusive 55+ community located in the scenic Florida panhandle, near Panama City Beach and the renowned 30A corridor. This newly constructed Coconut Plan home, meticulously decorated by its homeowner, an accomplished interior designer, offers a premium living experience with sophisticated luxury at every turn. The gourmet kitchen features custom cabinetry with soft-close doors, pull-out pantry shelving, and a convenient dedicated pots and pans drawer. Both the kitchen and bathrooms are outfitted with luxurious quartz countertops, designer faucets, and an elegant tile backsplash. The bathroom cabinetry has been thoughtfully upgraded, with the master bath offering a double bank of drawers for added storage.Throughout the home, premium tile flooring enhances the bathrooms and laundry area, while the master bedroom and closet boast beautiful high level hardwood floors. Crown molding accents every room, adding sophistication and detail. Ceiling fans and custom lighting are installed throughout the home for year-round comfort.The spacious living room is elevated with decorative beams, creating a welcoming and refined atmosphere. Every room has been thoughtfully designed with an eye for elegance and style, ensuring a seamless blend of comfort and opulence. The screened-in lanai offers an ideal space for outdoor relaxation, and relaxing pond views that are perfect for enjoying the mild Florida climate.Additional thoughtful features include extra electrical outlets, an attic pull-down for convenient storage access, and a stylish glass front door.Latitude Margaritaville Watersound offers an unparalleled living experience in a vibrant 55+ community and is the most coveted and sought after community in the United States! With unparalleled amenities such as restaurants, a fitness center with numerous fitness classes offered, bar, resort style heated pool, indoor pool, Pickleball Courts, Basketball Courts, and live music Daily. Friday and Saturday night concerts will keep you entertained throughout the year! Additional amenities includes a full size theatre, Barkaritaville dog spa, woodworking shop, business center and community rooms for clubs, groups, tastings and food demonstrations. The public retail has also begun with the golf cart store in full swing, Capital City Bank is about to open and anticipating the grocery store, restaurants and other boutique shopping soon as well as the Public Marina...all through St Joe!Don't miss the opportunity to experience this exceptional, designer-inspired home. Contact us today to schedule a private viewing.

Highlights

Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Ceiling Fan(s), Electric
Size1,672 sqft
Lot size0.15 Acres
Year built2023
ParkingAttached, Garage, Garage Door Opener
MLS #769440
Attached garage2 spaces

Summary

  • MLS Number: 769440
  • MLS Name: BCAR
  • Office Name: EXP Realty LLC

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/12/2025, 4:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of home featuring concrete driveway, an attached garage, and a front lawn

$655,000

8687 Coral Reef Way

$7,778

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Jun 27, 2024
Home Sold
$635,000
Jul 03, 2023
Home Sold
$474,000

Tax history

YearAssessmentProperty Tax
2023$30,231$378
2022$1,820$21

History based on county public records data.

Nearby schools

5

West Bay Elementary School

Public District KG-5

2.0 mi

14813 School Dr

7

Hutchison Beach Elementary School

Public District KG-5

8.3 mi

12900 Hutchison Blvd

7

Patronis Elementary School

Public District KG-5

11.9 mi

7400 Patronis Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $55,720. The most common annual income of people living in Panama City Beach, FL is between $35k-100k. The most common type of family is married, no kids. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

30%
<35k
56%
35k-100k
14%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

28%
Single, No Kids
9%
Single, with Kids
33%
Married, No Kids
30%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

17%
<11 yrs old
9%
12-17 yrs old
18%
18-34 yrs old
45%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • HuntingHunting
  • NASCARNASCAR
  • Pro WrestlingPro Wrestling

Where do the neighbors shop?

  • Academy Sports & OutdoorsAcademy Sports & Outdoors
  • Wal-MartWal-Mart
  • Dollar GeneralDollar General

Where do the neighbors go to eat?

  • Jimmy JohnsJimmy Johns
  • Hardee'sHardee's
  • ApplebeesApplebees

What do the neighbors drive?

  • ChevroletChevrolet
  • RamRam
  • GMCGMC

What do the neighbors listen to?

  • New CountryNew Country
  • Classic CountryClassic Country
  • CountryCountry
All data provided by Home Junction and Claritas

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Frequently asked questions

About 8687 Coral Reef Way

This home is located at 8687 Coral Reef Way in Panama City Beach, FL and zip code 32413. This 1,672 square foot home, which was built in 2023, sits on a 0.15 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 12, 2025 and is currently priced at $655,000.

Panama City Beach, FL housing market in March 2025 saw over 3 listings sold above listed price, more than 18 sold at listed price and over 110 sold below. The number of listings in Panama City Beach, FL increased by 11.2% between February and March 2025. In March 2025, listings were on the market for 110 days. During the same period, the median list price in this real estate market was $443,097.

From Rocket Homes Real Estate and based on county public records data.

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