8651 Coral Reef WAY Panama City Beach, FL 32413
2 Beds
2 Baths
1,934 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 1,934 sqft
Price per Sqft $325
Subdivision Latitude At Watersound
MLS Listing ID 797582
Bedrooms 2
Full Baths 2
HOA Fees $336/mo
HOA Y/N Yes
Year Built 2023
Annual Tax Amount $4,974
Tax Year 2025
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Single Family Residence
Property Description
**8651 CORAL REEF WAY | LATITUDE MARGARITAVILLE WATERSOUND**
**THE LOT. THE LOCATION. THE LAYOUT. THE LUXURY. FOUR REASONS THIS HOME STANDS APART.**
Some homes check the boxes. Others redefine the standard. Welcome to 8651 Coral Reef Way, an exceptionally upgraded waterfront Parrott floor plan situated on the **largest waterfront lot in Phase 4**, along one of Latitude Margaritaville Watersound's most desirable streets.
**RARE LOT. RARE FLOOR PLAN. EXTRAORDINARY FINISHES.**
With approximately 20 additional feet of waterfront lot width along the east side, this property offers something especially difficult to duplicate: additional space, an exceptional waterfront setting, and a coveted location. Add one of the community's most sought-after and rarely available floor plans, an unusually deep extended screened lanai, and an extensive collection of custom upgrades, and the result is a home that stands in a class of its own.
**THE RENOVATION? NOTHING SHORT OF EXCEPTIONAL.**
The sellers spared little expense transforming this residence into a sophisticated coastal retreat. Nearly every detail was thoughtfully considered, from the new luxury vinyl plank flooring, quartz countertops, sea-glass backsplash, updated bronze fixtures, custom window treatments, designer accent walls, and upgraded trim to the stunning shiplap fireplace wall featuring a distinctive natural live-edge wood mantel.
The chef-inspired kitchen is anchored by the Parrott plan's signature oversized island and showcases upgraded gas cooking appliances, including a double oven, stylish vent hood, and beautiful custom finishes. A newly epoxied garage floor, dedicated 20-amp fireplace electrical circuit, and thoughtfully positioned lighting controls further demonstrate the exceptional attention to detail.
**THE WATERFRONT EXPERIENCE IS THE SHOWSTOPPER.**
A soaring vaulted great room opens to a dramatic wall of sliding glass doors, creating a seamless connection to the expansive outdoor living space. The extended screened lanai, among the deepest waterfront extensions in the community, is complemented by newly extended pavers and breathtaking water views. Whether enjoying a quiet morning or entertaining friends, this setting delivers the Florida lifestyle buyers dream about.
The secluded primary suite is equally impressive, featuring an expansive waterfront-facing bay window, custom shiplap accent wall, dual closets, custom window coverings, and a beautifully appointed bathroom with a dedicated makeup vanity.
**THE PARROTT PLAN. HIGHLY SOUGHT AFTER. RARELY AVAILABLE.**
Offering 2 bedrooms, 2 bathrooms, and an oversized bonus room with custom built-in shelving and cabinetry, this layout combines spacious entertaining areas with everyday versatility. The bonus room offers the potential to create a third bedroom by adding a wall and closet, subject to applicable requirements, or can remain an elegant office, guest retreat, or additional living area.
**AND THEN THERE'S THE LIFESTYLE.**
Located in desirable Phase 4, you're a short golf cart ride from Latitude Margaritaville's celebrated Town Square and resort-style amenities, including pools, pickleball, tennis, fitness center, live music, bandshell, theater, kayak launch, woodworking shop, clay studio, Bar & Chill Restaurant, and waterfront Overlook Bar.
Approximately 7 miles from the Emerald Coast's spectacular beaches, the community also offers convenient access to the developing West Bay shopping and dining destination, with Publix and additional retail, restaurant, medical, and personal services planned nearby. HOA services include lawn maintenance, access to community amenities, and an exciting calendar of activities.
**THE BEST PART? THE OPPORTUNITY WAS NEVER PLANNED.**
Sellers upgrades, customized, and meticulously maintained the home with every intention of staying. Their change of plans creates an unexpected opportunity f
Location
State FL
County Bay
Community Barbecue, Basketball Court, Boat Facilities, Business Center, Clubhouse, Conference/Meeting Room, Dock, Fitness Center, Fishing, Media Room, Park, Pool, Tennis Court(S), Waterfront, Community Pool, Gated, Short Term Rental Allowed
Area 04 - Bay County - North
Interior
Interior Features Double Vanity, Main Level Primary, Smart Thermostat, Walk-In Closet(s), Home Theater
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s)
Flooring Plank, Vinyl
Fireplace No
Appliance ENERGY STAR Qualified Appliances, Electric Oven, Electric Range, Tankless Water Heater
Exterior
Exterior Feature Porch, Rain Gutters
Parking Features Garage, Garage Door Opener, Gated
Garage Spaces 2.0
Garage Description 2.0
Pool Fenced, In Ground, Community
Community Features Barbecue, Basketball Court, Boat Facilities, Business Center, Clubhouse, Conference/Meeting Room, Dock, Fitness Center, Fishing, Media Room, Park, Pool, Tennis Court(s), Waterfront, Community Pool, Gated, Short Term Rental Allowed
Utilities Available Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Connected, Underground Utilities
Amenities Available Business Center, Gazebo, Barbecue, Picnic Area, Spa/Hot Tub
Waterfront Description Other,See Remarks
Water Access Desc Other,See Remarks
View Other, Water
Roof Type Composition,Shingle
Porch Covered, Patio, Porch, Screened
Private Pool No
Building
Lot Description Sprinkler System, Paved
Foundation Slab
Sewer Public Sewer
New Construction No
Schools
Elementary Schools West Bay
Middle Schools Surfside
High Schools Arnold
Others
HOA Fee Include Association Management,Clubhouse,Fitness Facility,Legal/Accounting,Maintenance Grounds,Other,Pool(s),Recreation Facilities,See Remarks,Security,Tennis Courts
Restrictions Short Term Rentals Allowed
Tax ID 32503-350-106
Security Features Gated Community,Security Gate