#388176, Listing office: The Naumann Group Real Estate
8687 Coral Reef Way Panama City Beach, FL 32413
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
Summary
- Full Bathrooms: 2
- Appliances: Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave, Refrigerator, Washer
- Interior: Breakfast Bar, High Ceilings, Kitchen Island, Shutters, Vaulted Ceiling(s)
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Attached, Garage, Garage Door Opener
- Exterior: Porch
- Architectural Style: Florida
- Heating: Central, Electric
- Cooling: Central Air, Ceiling Fan(s), Electric
- List Price: $595,000
- Price/SqFt: $355
- HOA Amount: $316 Monthly
- Annual Tax Amount: $378
- Tax Year: 2023
- Directions: Hwy 79 to Latitude Blvd to Margaritaville Blvd, Turn right on to Coral Reef Way and the property will be on the right.
- Year Built: 2023
- Living Area: 1,672 SqFt
- Lot Size: 0.15 Acres
- MLS Number: 769440
- MLS Name: BCAR
- Office Name: EXP Realty LLC
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: 7/24/2025, 6:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
Date | Event | Price |
---|---|---|
Jun 27, 2024 | Home Sold | $635,000 |
Jul 03, 2023 | Home Sold | $474,000 |
Tax history
Year | Assessment | Property 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.
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. Residents typically live in married, no kids family. The majority of residents in this area have high school diploma education.
Similar homes for sale
Frequently asked questions
About 8687 Coral Reef Way
The listing price of 8687 Coral Reef Way property is $595,000.
The property 8687 Coral Reef Way is a house located in Panama City Beach, Florida, 32413.
Active Listing: 8687 Coral Reef Way is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 8687 Coral Reef Way are: West Bay Elementary School (GreatSchools Rating 5/10), Hutchison Beach Elementary School (GreatSchools Rating 7/10), Patronis Elementary School (GreatSchools Rating 7/10), Surfside Middle School (GreatSchools Rating 6/10), Breakfast Point Academy (GreatSchools Rating 6/10), University Academy Sabl Inc (GreatSchools Rating 10/10), J.R. Arnold High School (GreatSchools Rating 5/10), Deane Bozeman School (GreatSchools Rating 7/10), Rising Leaders Academy (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $378 (source: MLS/based on county public records data).
The last sale was on June 27, 2024 for $635,000 (source: MLS/tax record).
The property at 8687 Coral Reef Way has 3 bedrooms and 2 bathrooms.
The property 8687 Coral Reef Way is 1,672 SqFt (source: MLS/tax record).
The year of construction for 8687 Coral Reef Way is 2023.
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 $595,000.
In June 2025, from all listings sold in Panama City Beach, FL there were more than 1 sold above asking price, over 119 sold below and more than 21 were sold right at the asked price. Between May and June 2025, Panama City Beach, FL real estate market has seen increase in the number of listings by 1.2%. The median list price of listings available in June 2025 was $435,000, while the average time on the real estate market was 87 days.