8701 Lime Drive, Panama City Beach, FL 32413

New Listing
$795,000
Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,549 Lot Size (sq. ft.): 9,148 Status: Active
Current Price: $795,000 List Date: 3/14/2026 Last Modified: 3/18/2026

Description

Welcome to this exceptional Trinidad Bay home in sought-after Phase 4 of Latitude Margaritaville Watersound, ideally situated on a beautiful private preserve lot along a quiet street comprised exclusively of Island Collection homes. This stunning residence offers thoughtfully designed spaces, extensive post-closing upgrades, and effortless indoor-outdoor living. Step inside through a soaring two-story foyer highlighted by a custom coastal-inspired feature wall that sets the tone for the elegant finishes found throughout the home. The heart of the home is the gourmet kitchen, designed for both everyday living and entertaining, featuring upgraded cabinetry, quartz countertops, custom tile backsplash, designer range hood, wall oven and microwave, and an oversized island perfect for gatherings. The open concept layout flows seamlessly into a spacious dining room with a striking electric fireplace and custom accent wall, while the expansive living room boasts soaring cathedral ceilings and a dramatic wall of sliding glass doors that connect the interior to the outdoor living space. A private den/office offers additional versatility and features a custom built-in bar with cabinetry and wine cooler, perfect for entertaining guests. The luxurious primary suite offers a relaxing retreat with a spa-inspired bath and custom closets, while two additional guest bedrooms each feature their own en-suite baths, providing comfort and privacy for visitors. The custom-designed laundry room is truly exceptional, featuring abundant cabinetry, a laundry sink, a built-in butler’s pantry, and an additional refrigerator. Enjoy Florida living on the extended screened lanai overlooking the peaceful preserve, the perfect setting for sunset views and evening cocktails. Outdoor furniture may convey with an acceptable offer. Additional highlights include: • 3-car garage with high-quality workshop • RevWood by Mohawk laminate flooring throughout main living areas • Casablanca ceiling fans and designer lighting throughout • Electronic remote shades • Custom feature walls in foyer and dining room • Higher-level and custom cabinetry throughout the home Many of these impressive upgrades were completed after closing, creating a home that feels truly one-of-a-kind. The property is priced below recent appraised value, presenting an incredible opportunity. Located in the award-winning Latitude Margaritaville Watersound, residents enjoy world-class amenities including a private restaurant and bar, resort-style Paradise Pool, state-of-the-art Latitude Town Center, fitness center, pickleball and tennis courts, Barkaritaville Dog Park, live entertainment at the Bandshell, theater, wood-working shop, ceramics studio, walking and biking trails, and a full calendar of concerts, events, and social clubs. Exciting growth continues nearby with a new hospital under construction and future commercial development including a Publix grocery store and additional shopping and dining options. And best of all, the white sugar-sand beaches of the Gulf are just 7 miles away. Experience the best of coastal resort living in Latitude Margaritaville Watersound, where every day feels like a vacation.

More Information MLS# 786805

Listing Info, Tax and Legal

HOA Fee: Yes HOA Amount: 352.89 HOA Frequency: Monthly HOA Annual Amount: 4234.68 Senior Community: Yes New Buyer Fee: Yes New Buyer Fee Amt: 600 New Buyer Fee Paid: $ Last Taxes: 7311 Last Tax Year: 2025 Brokerage Interest: Owner Outside Licensee – Owner is a licensed real estate broker or salesperson. As Is: Yes

Contract Info

List Price/SqFt: 311.89 Status: Active List Date: 2026-03-13 List Price: $795,000 Current Price: $795,000

Location

Sub Area: 0411 – Bay North – West Bay Community/Resort: None Waterfront: No Elementary School: West Bay Middle School: Surfside High School: Arnold Directions: Hwy 98 to North on Hwy 79 to left on West Bay Parkway, follow to 2nd gated entrance on the left (Coral Reef Way) to left on Cheeseburger Dr. to right on Lime Dr. to home on the left. Area: 04 – Bay County – North Street #: 8701 Street Name: Lime Street Suffix: Drive State: FL Zip Code: 32413 County: Bay Subdivision: Latitude at Watersound Parcel ID: 32503-350-344 Legal Description: LATITUDE AT WATERSOUND AREA 1 PHASE 4A LOT 4172 ORB 4732 P 131

General Property Info

Acreage: 0.21 Design: Ranch Lot Size (SqFt): 9148 Apx SqFt(Htd/Cooled): 2549 Construction Status: Construction Complete SqFt Source: Builders Plans Half Baths: 1 # of Stories in Building: 1 Lot Dimensions: 70×131 New Construction: No Garage Y/N: Yes Garage Spaces: 3 Pool: No Sub-Type: Detached Single Family Bedrooms: 3 Full Baths: 3 Total Baths: 4 Year Built: 2023

Remarks & Misc

Remarks: Welcome to this exceptional Trinidad Bay home in sought-after Phase 4 of Latitude Margaritaville Watersound, ideally situated on a beautiful private preserve lot along a quiet street comprised exclusively of Island Collection homes. This stunning residence offers thoughtfully designed spaces, extensive post-closing upgrades, and effortless indoor-outdoor living. Step inside through a soaring two-story foyer highlighted by a custom coastal-inspired feature wall that sets the tone for the elegant finishes found throughout the home. The heart of the home is the gourmet kitchen, designed for both everyday living and entertaining, featuring upgraded cabinetry, quartz countertops, custom tile backsplash, designer range hood, wall oven and microwave, and an oversized island perfect for gatherings. The open concept layout flows seamlessly into a spacious dining room with a striking electric fireplace and custom accent wall, while the expansive living room boasts soaring cathedral ceilings and a dramatic wall of sliding glass doors that connect the interior to the outdoor living space. A private den/office offers additional versatility and features a custom built-in bar with cabinetry and wine cooler, perfect for entertaining guests. The luxurious primary suite offers a relaxing retreat with a spa-inspired bath and custom closets, while two additional guest bedrooms each feature their own en-suite baths, providing comfort and privacy for visitors. The custom-designed laundry room is truly exceptional, featuring abundant cabinetry, a laundry sink, a built-in butler’s pantry, and an additional refrigerator. Enjoy Florida living on the extended screened lanai overlooking the peaceful preserve, the perfect setting for sunset views and evening cocktails. Outdoor furniture may convey with an acceptable offer. Additional highlights include: • 3-car garage with high-quality workshop • RevWood by Mohawk laminate flooring throughout main living areas • Casablanca ceiling fans and designer lighting throughout • Electronic remote shades • Custom feature walls in foyer and dining room • Higher-level and custom cabinetry throughout the home Many of these impressive upgrades were completed after closing, creating a home that feels truly one-of-a-kind. The property is priced below recent appraised value, presenting an incredible opportunity. Located in the award-winning Latitude Margaritaville Watersound, residents enjoy world-class amenities including a private restaurant and bar, resort-style Paradise Pool, state-of-the-art Latitude Town Center, fitness center, pickleball and tennis courts, Barkaritaville Dog Park, live entertainment at the Bandshell, theater, wood-working shop, ceramics studio, walking and biking trails, and a full calendar of concerts, events, and social clubs. Exciting growth continues nearby with a new hospital under construction and future commercial development including a Publix grocery store and additional shopping and dining options. And best of all, the white sugar-sand beaches of the Gulf are just 7 miles away. Experience the best of coastal resort living in Latitude Margaritaville Watersound, where every day feels like a vacation.

Den

First: 1

Dining Room

First: 1

Family Room

First: 1

Appliances

Cooktop – Electric: 1 Dishwasher: 1 Disposal: 1 Microwave: 1 Oven – Electric: 1 Range Hood: 1 Refrigerator: 1 Water Heater – Gas: 1 Water Heater – Tankless: 1 Wine Refrigerator: 1

Interior Features

Ceiling – Cathedral: 1 Ceiling – Raised: 1 Floor – Laminate: 1 Floor – Tile: 1 Kitchen Island: 1 Lighting – Recessed: 1 Pantry: 1 Split Bedroom: 1 Window – Treatment All: 1

Construction/Siding

Foundation – Slab on Grade: 1 Wood/Frame: 1 Roof – Composite Shngl: 1 Roof – Gutters: 1 Siding – Hardie Board: 1

Exterior

Double Pane Windows: 1 Porch Screened: 1 Sprinkler System: 1

Association Fees Include

Accounting: 1 Exercise Room: 1 Gated Community: 1 Ground Keeping: 1 Management: 1 Pool: 1 Recreational Faclty: 1 Tennis: 1 Theater: 1 Whirlpool: 1 Irrigation: 1

Furnished

Unfurnished: 1

Interior

Ceiling – Tray: 1 Floor – Carpet: 1 Smart Thermostat: 1

Living Room

First: 1

Lot Features

Covenants & Rescrictions: 1 Curb & Gutter: 1 Subdivision – Recorded: 1

Lot Access

Paved Road: 1

Parking Features

Garage Attached: 1 Garage Door Opener: 1

Mstr Bath / Mstr Bdrm

MBath Double Vanity: 1 MBath Shower Only: 1 MBed First Floor: 1 MBed Walk-in Closet: 1

Present Zoning

Resid Single Family: 1

Association Amenities

Basketball Court: 1 Business Center: 1 Exercise Room: 1 Gated Community: 1 Pool: 1 Tennis: 1 Theater: 1 Waterfront: 1 Whirlpool: 1 Dining: 1 Dog Park: 1 Pickle Ball: 1 Recreation Facilities: 1 Sidewalks: 1 Trail(s): 1

Rooms

Bedroom: 1 Den: 1 Dining Room: 1 Family Room: 1 Living Room: 1 Master Bedroom: 1

Showing

ShowingTime: 1

Utilities

TV Cable: 1 Electricity – Connected: 1 Garbage: 1 Natural Gas – Connected: 1 Internet – Fiber Optic: 1 Phone – Available: 1 Public Sewer – Connected: 1 Public Water – Connected: 1 Underground Utilities: 1

Sale Type

As Is: 1

Master Bedroom

First: 1

Bedroom

First: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1 Electric: 1 Heat Pump: 1

Heating

Central: 1 Electric: 1 Fireplace – Electric: 1 Heat Pump: 1

Security Features

Carbon Monoxide Detector: 1 Smoke Detector(s): 1

Property Features

Appliances: Cooktop – Electric; Dishwasher; Disposal; Microwave; Oven – Electric; Range Hood; Refrigerator; Water Heater – Gas; Water Heater – Tankless; Wine Refrigerator Master Bedroom: First Bedroom: First Cooling: Ceiling Fan(s); Central Air; Electric; Heat Pump Heating: Central; Electric; Fireplace – Electric; Heat Pump Exterior: Double Pane Windows; Porch Screened; Sprinkler System Association Fees Include: Accounting; Exercise Room; Gated Community; Irrigation; Ground Keeping; Management; Pool; Recreational Faclty; Whirlpool; Tennis; Theater Furnished: Unfurnished Interior: Ceiling – Tray; Floor – Carpet; Smart Thermostat Living Room: First Lot Features: Covenants & Rescrictions; Curb & Gutter; Subdivision – Recorded Lot Access: Paved Road Den: First Dining Room: First Family Room: First Security Features: Carbon Monoxide Detector; Smoke Detector(s) Parking Features: Garage Attached; Garage Door Opener Association Amenities: Basketball Court; Business Center; Dining; Dog Park; Exercise Room; Gated Community; Pickle Ball; Pool; Recreation Facilities; Sidewalks; Whirlpool; Tennis; Theater; Trail(s); Waterfront Rooms: Bedroom; Den; Dining Room; Family Room; Living Room; Master Bedroom Sale Type: As Is Showing: ShowingTime Utilities: TV Cable; Electricity – Connected; Garbage; Internet – Fiber Optic; Natural Gas – Connected; Phone – Available; Public Sewer – Connected; Public Water – Connected; Underground Utilities Present Zoning: Resid Single Family

Room Information

Living Room Level: First Dimensions: 11.8 x 20.3 Length: 11.80 Width: 20.30 Dimensions: 11.8 x 20.3 Dining Room Level: First Dimensions: 13 x 20.3 Length: 13.00 Width: 20.30 Dimensions: 13 x 20.3 Family Room Level: First Dimensions: 16.4 x 16.3 Length: 16.40 Width: 16.30 Dimensions: 16.4 x 16.3 Master Bedroom Level: First Dimensions: 14 x 17.2 Length: 14.00 Width: 17.20 Dimensions: 14 x 17.2 Den Level: First Dimensions: 12.6 x 13.3 Length: 12.60 Width: 13.30 Dimensions: 12.6 x 13.3 Bedroom Level: First Dimensions: 12.4 x 11.1 Length: 12.40 Width: 11.10 Dimensions: 12.4 x 11.1 Remarks: bedroom #2 Bedroom Level: First Dimensions: 11.2 x 12 Length: 11.20 Width: 12.00 Dimensions: 11.2 x 12 Remarks: bedroom #3
Listing Office: Coldwell Banker Realty
Last Updated: March – 18 – 2026
Information deemed reliable but not guaranteed.