8651 Coral Reef WAY
Single Family Home $ 629,000

8651 Coral Reef WAY

Panama City Beach, FL 32413

  • 2 Beds
  • 2 Baths
    Full Baths: 2
  • 1,934 SqFt
  • 8,712 Lot Size
  • 2023 Year Built
NOT ALL WATERFRONT HOMES ARE CREATED EQUAL.
**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.**
Listed by Keller Williams Realty SRB

PROPERTY DETAIL

  • Key Details

    Property Type Single Family Home

    Sub Type Detached Single Family

    Listing Status Active

    Purchase Type For Sale

    Square Footage 1, 934 sqft

    Price per Sqft $325

    Subdivision Latitude At Watersound

    MLS Listing ID 1015148

    Style Caribbean

    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 8,712 Sqft

    Acres 0.2

    Lot Dimensions 65.0 ft x 131.0 ft

    Property Sub-Type Detached Single Family

    Source Emerald Coast Association of REALTORS®

    Land Area 1934

  • Location

    State FL

    County Bay

    Community Short Term Rental - Allowed, Bbq Pit/Grill, Boat Launch, Community Room, Dock, Exercise Room, Gated Community, Pets Allowed, Picnic Area, Pool, Tennis, Waterfront

    Area 27 - Bay County

    Zoning Resid Single Family

    Direction 1. Travel north on Highway 79 approximately 7.5 miles, 2. Turn LEFT onto West Bay Parkway (Latitude Boulevard) at the Latitude Margaritaville entrance, 3. Turn LEFT onto Margaritaville Boulevard toward the gated residential entrance, 4. Proceed through the security gate, 5. Turn RIGHT onto Coral Reef Way, 6. Continue along Coral Reef Way toward 8651 Coral Reef Way.

  • Rooms

    Primary Bedroom Level Main

    Master Bedroom true

    Kitchen true

  • Building

    Lot Description Cleared, Covenants, Interior, Restrictions, Sidewalk, Survey Available, Within 1/2 Mile to Water, See Remarks

    Faces 1. Travel north on Highway 79 approximately 7.5 miles, 2. Turn LEFT onto West Bay Parkway (Latitude Boulevard) at the Latitude Margaritaville entrance, 3. Turn LEFT onto Margaritaville Boulevard toward the gated residential entrance, 4. Proceed through the security gate, 5. Turn RIGHT onto Coral Reef Way, 6. Continue along Coral Reef Way toward 8651 Coral Reef Way.

    Story 1

    Sewer Public Sewer

    Architectural Style Caribbean

    New Construction No

  • Interior

    Interior Features Ceiling Tray/Cofferd, Ceiling Vaulted, Kitchen Island, Lighting Recessed, Pantry, Split Bedroom, Washer/Dryer Hookup

    Heating Central

    Cooling Ceiling Fans, Central Air

    Flooring Floor Vinyl

    Window Features Window Bay,Window Treatment All

    Appliance Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Tnkls

    Laundry true

  • Exterior

    Exterior Feature Sprinkler System, Enclosed Patio, Screened Porch, Sprinkler System

    Pool Pool Type

    Community Features Short Term Rental - Allowed, BBQ Pit/Grill, Boat Launch, Community Room, Dock, Exercise Room, Gated Community, Pets Allowed, Picnic Area, Pool, Tennis, Waterfront

    Utilities Available Electric, Phone, Public Water, TV Cable, Underground

    Waterfront Description Pond

    View Pond

    Roof Type Composite Shingle

    Street Surface Paved

    Porch Patio Enclosed, Porch Screened

    Road Frontage Private Road

    Garage No

  • Schools

    Elementary Schools West Bay

    Middle Schools Surfside

    High Schools Arnold

  • Others

    Pets Allowed No

    HOA Fee Include Accounting, Ground Keeping, Master Association

    Tax ID 32503-350-106

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CONTACT

Michael Herring
Michael Herring

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