8799 Coral Reef Way, Panama City Beach, FL 32413 (MLS# 777668)

8799 Coral Reef Way, Panama City Beach, FL 32413

$799,000

Virtual Tour

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Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,394 Lot Size (sq. ft.): 7,187 Status: Under Contract – Taking Backups

Current Price: $799,000 List Date: 8/15/2025 Last Modified: 2/25/2026

Overview

Description

Under contract; Welcoming Acceptable Backup Offers Perfectly positioned on a $90K premium west-facing water view lot, this Cabana Bay model captures sweeping sunsets over a tranquil pond and preserve. Thoughtfully designed with three bedrooms, two-and-a-half baths, a dedicated custom office, and an extended, enclosed lanai, this home is enhanced by $180K in carefully curated upgrades. It appraised for $877K in October 2024. Surfboards, Televisions, Washer & Dryer, and Ceiling Fixture in Office do not convey. The kitchen showcases top-tier appliances, a decorative range hood, pull-out drawers, and a walk-in pantry. A vaulted beamed ceiling, built-in gas fireplace, designer grasscloth wallpaper, and custom woven blinds infuse the space with refined coastal charm. The primary suite is a serene retreat featuring a spa-inspired shower with frameless glass, custom cabinetry, and discreetly integrated safety rails. Additional highlights include a whole-home generator, tankless water hea … (Read more)

Listing Details MLS# 777668

Contract Info

List Price/SqFt: 333.75

Location

Area: 04 – Bay County – North
Street #: 8799
Street Name: Coral Reef
Street Suffix: Way
State: FL
Zip Code: 32413
County: Bay
Sub Area: 0411 – Bay North – West Bay
Subdivision: Latitude at Watersound
Community/Resort: None
Waterfront: Yes
Gulf Access: No
Parcel ID: 32503-350-260
Elementary School: West Bay
Middle School: Breakfast Point
High School: Arnold
Directions: Hwy 79 to Latitude Margaritaville Watersound entrance (West Bay Pkwy). Take 2nd Left onto Coral Reef Way, continue on Coral Reef Way to 8799 Coral Reef Way on your right
Legal Description: LATITUDE AT WATERSOUND AREA 1 PHASE 4A LOT 4130

General Property Info

Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 2394
SqFt Source: Prop App Site
Full Baths: 2
Half Baths: Yes
Total Baths: 3
# of Stories in Building: Yes
# of Units in Bldg: Yes
Year Built: 2023
Construction Status: Construction Complete
New Construction: No
Garage Y/N: Yes
Garage Spaces: 2
Lot Dimensions: 53 x 137
Acreage: 0.17
Lot Size (SqFt): 7187
Pool: Yes
Pool Type: Community
Below Ground SqFt: 0

Status Change Info

Under Contract Date: 2025-08-22

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 324
HOA Frequency: Monthly
HOA Annual Amount: 3888
Senior Community: Yes
Is Subject Leased: No
New Buyer Fee: Yes
New Buyer Fee Amt: 600
Last Taxes: 6853
Last Tax Year: 2024
Brokerage Interest: No Interest

Remarks & Misc

Remarks: Under contract; Welcoming Acceptable Backup Offers Perfectly positioned on a $90K premium west-facing water view lot, this Cabana Bay model captures sweeping sunsets over a tranquil pond and preserve. Thoughtfully designed with three bedrooms, two-and-a-half baths, a dedicated custom office, and an extended, enclosed lanai, this home is enhanced by $180K in carefully curated upgrades. It appraised for $877K in October 2024. Surfboards, Televisions, Washer & Dryer, and Ceiling Fixture in Office do not convey. The kitchen showcases top-tier appliances, a decorative range hood, pull-out drawers, and a walk-in pantry. A vaulted beamed ceiling, built-in gas fireplace, designer grasscloth wallpaper, and custom woven blinds infuse the space with refined coastal charm. The primary suite is a serene retreat featuring a spa-inspired shower with frameless glass, custom cabinetry, and discreetly integrated safety rails. Additional highlights include a whole-home generator, tankless water heater, lighted medicine cabinets, upgraded bamboo shelving, epoxy-coated garage floor, and front yard landscape uplighting. In the gated ''55 and Better'' Latitude Margaritaville Watersound, residents enjoy a resort-style pool, state-of-the-art fitness center, pickle ball courts, theater, on-site restaurant, dog park, amphitheater, live daily music and much more. Miles of walking and golf cart trails connect the community's phases and Town Center. Northwest Florida Beaches International Airport, Pier Park entertainment district, a planned public marina, FSU Health Hospital, and a planned lifestyle shopping center offer close proximity to modern conveniences.

More Information

Great Room

First: Yes

Office

First: Yes

Appliances

Cooktop – Gas: Yes
Dishwasher: Yes
Disposal: Yes
ENERGY STAR Qualified Appliances: Yes
Microwave: Yes
Oven – Electric: Yes
Range – Electric: Yes
Range Hood: Yes
Refrigerator: Yes
Water Heater – Gas: Yes
Water Heater – Tankless: Yes

Interior Features

Bookcases: Yes
Ceiling – Beamed: Yes
Ceiling – Vaulted: Yes
Fireplace: Yes
Floor – Vinyl Plank: Yes
Kitchen Island: Yes
Lighting – Recessed: Yes
Pantry: Yes
Window – Treatment All: Yes

Construction/Siding

Foundation – Slab on Grade: Yes
Siding – Hardie Board: Yes

Exterior

Patio Enclosed: Yes
Sprinkler System: Yes

Association Fees Include

Business Center: Yes
Community Room: Yes
Conference Center: Yes
Exercise Room: Yes
Gated Community: Yes
Ground Keeping: Yes
Master Association: Yes
Mini Golf: Yes
Pool: Yes
Recreational Faclty: Yes
Tennis: Yes
Theater: Yes
Whirlpool: Yes
Other – See Remarks: Yes
Irrigation: Yes

Financing

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes
Other: Yes

Furnished

Unfurnished: Yes

Lot Features

Covenants & Rescrictions: Yes
Curb & Gutter: Yes
Landscaped: Yes
Subdivision – Recorded: Yes
Sidewalk: Yes
Storm Sewer: Yes
Waterfront: Yes

Lot Access

Paved Road: Yes

Rooms

Great Room: Yes
Master Bedroom: Yes
Office: Yes

Utilities

Electricity – Connected: Yes
Natural Gas – Connected: Yes
Generator: Yes
Internet – Fiber Optic: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes
Underground Utilities: Yes

Accessibility Features

Accessible Bedroom: Yes
Accessible Doors: Yes
Accessible Entrance: Yes
Accessible Full Bath: Yes
Accessible Kitchen: Yes
Accessible Washer/Dryer: Yes
Central Living Area: Yes
Common Area: Yes
Grip-Accessible Features: Yes
Standby Generator: Yes

Waterfront Type

Other: Yes

Master Bedroom

First: Yes

Cooling

Central Air: Yes
Electric: Yes

Heating

Central: Yes
Electric: Yes

Property Features

Accessibility Features: Accessible Bedroom; Accessible Doors; Accessible Entrance; Accessible Full Bath; Accessible Kitchen; Accessible Washer/Dryer; Central Living Area; Common Area; Grip-Accessible Features; Standby Generator Appliances: Cooktop – Gas; Dishwasher; Disposal; ENERGY STAR Qualified Appliances; Microwave; Oven – Electric; Range – Electric; Range Hood; Refrigerator; Water Heater – Gas; Water Heater – Tankless Master Bedroom: First Cooling: Central Air; Electric Heating: Central; Electric Exterior: Patio Enclosed; Sprinkler System Association Fees Include: Business Center; Community Room; Exercise Room; Gated Community; Irrigation; Ground Keeping; Master Association; Conference Center; Mini Golf; Pool; Recreational Faclty; Whirlpool; Tennis; Theater; Other – See Remarks Financing: Cash; Conventional; FHA; VA; Other Furnished: Unfurnished Lot Features: Covenants & Rescrictions; Curb & Gutter; Landscaped; Sidewalk; Storm Sewer; Subdivision – Recorded; Waterfront Lot Access: Paved Road Great Room: First Office: First Rooms: Great Room; Master Bedroom; Office Utilities: Electricity – Connected; Generator; Internet – Fiber Optic; Natural Gas – Connected; Public Sewer – Connected; Public Water – Connected; Underground Utilities Waterfront Type: Other

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Master Bedroom	First	21 x 14.6	21.00	14.60	Approx
Office	First	12.9 x 12.7	12.90	12.70	Approx
Great Room	First	19.7 x 24	19.70	24.00	Approx

Listing Office: Compass Florida, LLC

Last Updated: February – 25 – 2026

Information deemed reliable but not guaranteed.