Listing provided courtesy of Watersound Real Estate- MLS# 791927MLS Provider

8687 Coral Reef WayPanama City Beach, FL 32413

Single Family · 3 Beds · 2 Full Baths · 1,685 Sq. ft. | 0.15 Acres
$575,000 Active

8687 Coral Reef Way Overview

Time on Site:
3 days
Visits:
0

Welcome to one of the most elegant homes you will ever see in Latitude Margaritaville Watersound! Timeless design, exceptional craftsmanship, and luxury finishes combine to create a residence that will shock your senses and surpass any and all professionally designed homes currently available. Located just minutes from Panama City Beach, Scenic Highway 30A, and the Emerald Coast's world-famous beaches, this better-than-new Coconut floor plan has been professionally curated by an accomplished interior designer and showcases a level of quality rarely found in today's new construction. From the moment you step through the elegant glass front door, you'll immediately notice the attention to detail. Extensive crown molding, custom designer lighting, decorative ceiling beams, premium hardwood flooring throughout, designer tile, and carefully selected finishes create an atmosphere that is both sophisticated and inviting. The heart of the home is a stunning chef's kitchen designed for both everyday living and effortless entertaining. Custom soft-close cabinetry, luxurious quartz countertops, designer fixtures, an elegant tile backsplash, pull-out pantry shelving, dedicated pots-and-pans storage, and thoughtfully designed cabinetry provide the perfect blend of beauty and functionality. The spacious great room offers an open, light-filled living area accented by decorative ceiling beams that add warmth and architectural character. Every space has been thoughtfully designed to flow seamlessly, creating an elegant yet comfortable home that lives beautifully. The owner's retreat is a true sanctuary featuring rich hardwood flooring that continues into the oversized walk-in closet, creating the feel of a luxury boutique hotel suite. The spa-inspired primary bath offers upgraded cabinetry with double banks of drawers, luxury quartz countertops, premium fixtures, and designer finishes that transform everyday routines into moments of relaxation. Even the details behind the walls have been considered. Additional electrical outlets have been added throughout the home for convenience, while attic pull-down stairs provide easy access to valuable storage. Premium ceiling fans, upgraded bathroom cabinetry, custom lighting, and countless designer enhancements ensure this home is every bit as functional as it is beautiful. The screened lanai provides the perfect extension of your living space, ideal for morning coffee, afternoon reading, or entertaining friends while enjoying the peaceful surroundings and gentle coastal breezes. Beyond your front door, Latitude Margaritaville Watersound offers an unmatched resort lifestyle featuring multiple restaurants and bars, a spectacular resort-style heated pool, indoor lap pool, state-of-the-art fitness center, pickleball and basketball courts, a full-size theater, Barkaritaville Dog Spa, woodworking studio, business center, countless clubs and social activities, and live entertainment nearly every day of the week. The rapidly expanding Watersound Town Center continues to add shopping, dining, banking, and future marina access, making this one of Northwest Florida's most exciting communities. This is far more than a beautiful home it's a meticulously upgraded Designer's Paradise where every finish was intentionally selected, every detail thoughtfully considered, and every space created to elevate daily living. Simply move in, relax, and enjoy the luxury all around. It's 5 O'clock somewhere so get that golf cart ready to enjoy the lifestyle you spent your whole life waiting for!

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

8687 Coral Reef Way Facts & Features

  • Type Single Family
  • Sq. ft. 1,685
  • Price/Sq.ft. $341
  • Lot 0.15 Acres

Details

General

Association/HOA

  • Association Amenities: Gated,Gazebo
  • Association: true

School Information

  • Elementary School: West Bay
  • Middle Or Junior School: Surfside
  • High School: Arnold

Building Information

  • New Construction: false
  • Year Built: 2023

Location/Region

  • County Or Parish: Bay
  • MLS Area Major: 04 - Bay County - North
  • MLS Area Minor: 0411 - Bay North - West Bay
  • Postal City: Panama City Beach
  • Subdivision Name: Latitude at Watersound

Community/Development

  • Community Features: Basketball Court,Clubhouse,Conference/Meeting Room,Fitness Center,Fishing,Pool,Shopping,Tennis Court(s),Waterfront,Gated

Rent/Lease Information

  • Land Lease: false

Tax Information

  • Tax Year: 2025

General Information

  • Parcel Number: 32503-350-116
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: true
  • Special Listing Conditions: Listed As-Is

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: true

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Total: 2
  • Bedrooms Total: 3

Building Interior

  • Building Area Total: 1685.0

General Information

  • Appliances: Electric Cooktop,Gas Water Heater
  • Foundation Details: Slab
  • Interior Features: Double Vanity,Main Level Primary,Walk-In Closet(s)
  • Levels: One
  • Living Area Source: Plans
  • Rooms Total: 3
  • Security Features: Gated Community,Security Gate
  • Spa Features: Community
  • Stories: 1
  • Stories Total: 1

Exterior

Parking Information

  • Parking Features: Gated

Lot Information

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Dimensions: 50.0 ft x 131.0 ft
  • Lot Size Square Feet: 6534.0
  • Lot Size Units: Acres

Waterfront/View

  • Waterfront: false

Building Exterior/Construction

  • Architectural Style: Mediterranean
  • Attached Garage: false
  • Construction Materials: HardiPlank Type,Wood Frame
  • Patio And Porch Features: Covered,Patio,Porch,Screened

General Information

  • Exterior Features: Porch
  • Pool Features: Community
  • Sewer: Public Sewer
  • Utilities: Cable Connected,Electricity Available,Underground Utilities

Room Information

Room: Bedroom

  • Level: First
  • Dimensions: 12.6 x 11.2
  • Length: 12.6
  • Width: 11.2

Room: Living Room

  • Level: First
  • Dimensions: 15.2 x 18.7
  • Length: 15.2
  • Width: 18.7

Room: Primary Bedroom

  • Level: First
  • Dimensions: 13.2 x 15.1
  • Length: 13.2
  • Width: 15.1

8687 Coral Reef Way Neighborhood

Community

32413 (Panama City Beach) Demographics

53
Median Age
180
Population Density (per sq. mile)
48%
College Educated
$72,275
Estimated Median Income
4,913
Estimated Total Home Owners
1,645
Estimated Total Renters
75% / 25%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

8687 Coral Reef Way Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

8687 Coral Reef Way Market Data

Based on the last 30 days in this zip code

$763,692
Average List Price
$471
Average Price per Square Foot
127
Properties Sold
91
Average Days on Market
1,248
Properties for Sale
Calculations provided by Reliance Network

8687 Coral Reef Way History

Date Event Value Agent
6/26/2026Source: Central Panhandle MLS Added to Database
June 26, 2026
3/18/2026Source: Central Panhandle MLS Added to Database
March 18, 2026