8863 Coral Reef Way, Panama City Beach, FL 32413 (MLS# 786295)

8863 Coral Reef Way, Panama City Beach, FL 32413

$709,900

Virtual Tour

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8863 Coral Reef Way - Latitude Margaritaville Watersound - Parrot Floorplan

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Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,940 Lot Size (sq. ft.): 6,839 Status: Active

Current Price: $709,900 List Date: 3/05/2026 Last Modified: 6/05/2026

Overview

Description

**MOTIVATED SELLER** PARROT WITH POOL – PHASE 4 – CLOSER TO EVERYTHING THAN NEW CONSTRUCTION. Welcome to 8863 Coral Reef Way, a beautifully upgraded Parrot model in highly desirable Phase 4, where many believe you're in the sweet spot of the community. Close enough for a quick golf cart ride to Town Square, yet far enough away to enjoy peace, privacy, and that relaxed island pace of life. Set on a premium wooded 4B lot, you don't see neighbors behind you — just natural beauty. It's the kind of backyard where you can sip something cold, listen to your favorite Buffett playlist, and feel like you've permanently escaped the mainland. And then there's the showstopper. The SWIMMING POOLl and hot tub are absolutely spectacular. This is not an afterthought pool. This is a full backyard retreat designed for sunset swims, weekend gatherings, and quiet evening soaks under the stars. If Jimmy were writing about a backyard in Watersound, this might be it. Inside, this Parrot is comple … (Read more) **MOTIVATED SELLER** PARROT WITH POOL – PHASE 4 – CLOSER TO EVERYTHING THAN NEW CONSTRUCTION. Welcome to 8863 Coral Reef Way, a beautifully upgraded Parrot model in highly desirable Phase 4, where many believe you’re in the sweet spot of the community. Close enough for a quick golf cart ride to Town Square, yet far enough away to enjoy peace, privacy, and that relaxed island pace of life. Set on a premium wooded 4B lot, you don’t see neighbors behind you — just natural beauty. It’s the kind of backyard where you can sip something cold, listen to your favorite Buffett playlist, and feel like you’ve permanently escaped the mainland. And then there’s the showstopper. The SWIMMING POOLl and hot tub are absolutely spectacular. This is not an afterthought pool. This is a full backyard retreat designed for sunset swims, weekend gatherings, and quiet evening soaks under the stars. If Jimmy were writing about a backyard in Watersound, this might be it. Inside, this Parrot is completely move-in ready and loaded with upgrades: • Generac whole house generator • Quartz countertops throughout • Extended kitchen counter with matching quartz backsplash • Upgraded cabinets with soft close doors, crown molding, side panels, pulls, and dual trash cans • Cabinets, counter, and sink in the laundry room • Upgraded appliances • Laminate flooring throughout most of the home • Upgraded trim throughout Both bathrooms feature upgraded tile floors and walls, frameless glass shower surrounds, upgraded shower heads, automatic exhaust timer switches, and a no curb entry in the main bath shower for a clean, seamless look. Additional highlights include: • Designer lighting over kitchen counters and table • Whole home WiFi with extender • WiFi garage door opener • Epoxy garage floor, shelving, and added attic flooring for storage • Ring cameras and Yale WiFi door locks • TV wall brackets and TV outlet plus gas line on the lanai • High performance ceiling fans • Custom shelving in the main bedroom closets Living in Latitude Margaritaville Watersound isn’t just about square footage. It’s about lifestyle. Resort style pool overlooking the Intracoastal Waterway, a two story full service restaurant, fitness center with indoor lap pool and spa, pickleball and tennis courts, walking trails, kayak launch, bandshell concerts, hobby rooms, and a social calendar that keeps life as full as you want it to be. And with the St. Joe Company developing the new commercial area along Highway 79, convenience and value continue to grow. This home captures what the Parrot model is all about — open, bright, inviting — with the added bonus of privacy, a spectacular pool, and upgrades in all the right places. If you’ve been waiting for your own little piece of paradise where the days move slower and the sunsets last longer, this is it. Some photos have been virtually staged or digitally altered for presentation purposes

Listing Details MLS# 786295

Contract Info

List Price/SqFt: 365.93

Location

Area: 04 – Bay County – North
Street #: 8863
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: No
Parcel ID: 32503-400-292
Elementary School: West Bay
Middle School: Surfside
High School: Arnold
Directions: From Highway 79 turn west onto W. Bay Parkway. Turn south onto Coral reef Way followed the road around home is on the right.
Legal Description: LATITUDE AT WATERSOUND AREA 1 PHASE 4B LOT 4463

General Property Info

Sub-Type: Detached Single Family
Design: Traditional
Apx SqFt(Htd/Cooled): 1940
SqFt Source: Builders Plans
Full Baths: 2
Total Baths: 2
Year Built: 2023
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: Yes
Garage Spaces: 2
Lot Dimensions: 48'x131'
Acreage: 0.16
Lot Size (SqFt): 6839
Pool: Yes
Pool Type: Private

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 336.84
HOA Frequency: Monthly
HOA Annual Amount: 4042.08
Senior Community: Yes
New Buyer Fee: Yes
New Buyer Fee Amt: 600
Last Taxes: 6849
Last Tax Year: 2025
Brokerage Interest: No Interest

Remarks & Misc

Remarks: **MOTIVATED SELLER** PARROT WITH POOL – PHASE 4 – CLOSER TO EVERYTHING THAN NEW CONSTRUCTION. Welcome to 8863 Coral Reef Way, a beautifully upgraded Parrot model in highly desirable Phase 4, where many believe you're in the sweet spot of the community. Close enough for a quick golf cart ride to Town Square, yet far enough away to enjoy peace, privacy, and that relaxed island pace of life. Set on a premium wooded 4B lot, you don't see neighbors behind you — just natural beauty. It's the kind of backyard where you can sip something cold, listen to your favorite Buffett playlist, and feel like you've permanently escaped the mainland. And then there's the showstopper. The SWIMMING POOLl and hot tub are absolutely spectacular. This is not an afterthought pool. This is a full backyard retreat designed for sunset swims, weekend gatherings, and quiet evening soaks under the stars. If Jimmy were writing about a backyard in Watersound, this might be it. Inside, this Parrot is completely move-in ready and loaded with upgrades: • Generac whole house generator • Quartz countertops throughout • Extended kitchen counter with matching quartz backsplash • Upgraded cabinets with soft close doors, crown molding, side panels, pulls, and dual trash cans • Cabinets, counter, and sink in the laundry room • Upgraded appliances • Laminate flooring throughout most of the home • Upgraded trim throughout Both bathrooms feature upgraded tile floors and walls, frameless glass shower surrounds, upgraded shower heads, automatic exhaust timer switches, and a no curb entry in the main bath shower for a clean, seamless look. Additional highlights include: • Designer lighting over kitchen counters and table • Whole home WiFi with extender • WiFi garage door opener • Epoxy garage floor, shelving, and added attic flooring for storage • Ring cameras and Yale WiFi door locks • TV wall brackets and TV outlet plus gas line on the lanai • High performance ceiling fans • Custom shelving in the main bedroom closets Living in Latitude Margaritaville Watersound isn't just about square footage. It's about lifestyle. Resort style pool overlooking the Intracoastal Waterway, a two story full service restaurant, fitness center with indoor lap pool and spa, pickleball and tennis courts, walking trails, kayak launch, bandshell concerts, hobby rooms, and a social calendar that keeps life as full as you want it to be. And with the St. Joe Company developing the new commercial area along Highway 79, convenience and value continue to grow. This home captures what the Parrot model is all about — open, bright, inviting — with the added bonus of privacy, a spectacular pool, and upgrades in all the right places. If you've been waiting for your own little piece of paradise where the days move slower and the sunsets last longer, this is it. Some photos have been virtually staged or digitally altered for presentation purposes

Pool Features

Gunite Concrete: Yes
Heated – Gas: Yes
Inground: Yes
Saltwater: Yes
Screened In: Yes
Spa/ Hot Tub: Yes
Waterfall: Yes

More Information

Association Fees Include

Accounting: Yes
Business Center: Yes
Exercise Room: Yes
Ground Keeping: Yes
Management: Yes
Picnic Area: Yes
Pool: Yes
Recreational Faclty: Yes
Tennis: Yes
Theater: Yes
Irrigation: Yes

Furnished

Unfurnished: Yes

Rooms

Bedroom: Yes
Master Bedroom: Yes

Showing

ShowingTime: Yes

Utilities

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

Master Bedroom

First: Yes

Bedroom

First: Yes

Cooling

Central Air: Yes
Electric: Yes

Heating

Electric: Yes
Heat Pump: Yes

Property Features

Master Bedroom: First Bedroom: First Cooling: Central Air; Electric Heating: Electric; Heat Pump Association Fees Include: Accounting; Business Center; Exercise Room; Irrigation; Ground Keeping; Management; Picnic Area; Pool; Recreational Faclty; Tennis; Theater Furnished: Unfurnished Pool Features: Gunite Concrete; Heated – Gas; Inground; Saltwater; Screened In; Spa/ Hot Tub; Waterfall Rooms: Bedroom; Master Bedroom Showing: ShowingTime Utilities: Electricity – Connected; Internet – Fiber Optic; Natural Gas – Connected; Public Sewer – Connected; Public Water – Connected

Room Information

Room Name	Level	Dimensions	Length	Width
Master Bedroom	First	15.17 x 16.17	15.17	16.17
Bedroom	First	12.5 x 13.58	12.50	13.58

Listing Office: Watersound Real Estate

Last Updated: June – 05 – 2026

Information deemed reliable but not guaranteed.