Pending
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Pending

$629,000

2 Beds 2 Baths 1,934 SQFT 0.20 Acres
Type: Single Family

8651 Coral Reef Way
Panama City Beach, FL 32413

MLS#: 1015148
Constance Calambakas
Constance Calambakas
Brett/Robinson | Florida Real Estate
Phone: 251.407.6187
Office: 251.981.6180
Presented by: Keller Williams Realty SRB

Property Description

 

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.**


 

Interior Features

Bathrooms

Total Baths2

Other Interior Features

Air Conditioning Y/NYes
FlooringFloor Vinyl
Heating Y/NYes
Interior AmenitiesCeiling Tray/Cofferd, Ceiling Vaulted, Kitchen Island, Lighting Recessed, Pantry, Split Bedroom, Washer/Dryer Hookup
Window FeaturesWindow Bay, Window Treatment All

General

Architectural StyleCaribbean
Association Fee IncludesAccounting, Ground Keeping, Master Association, Recreational Faclty
Attached Garage Yes
Carport Y/NNo
CityPanama City Beach
Community FeaturesShort Term Rental - Allowed, BBQ Pit/Grill, Boat Launch, Community Room, Dock, Exercise Room, Gated Community, Pets Allowed, Picnic Area, Pool, Tennis, Waterfront
Construction MaterialsFoundation Off Grade, Frame, Siding CmntFbrHrdBrd
CoolingCeiling Fans, Central Air
CountyBay
Directions1. 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.
Elementary SchoolWest Bay
HOAYes
HeatingCentral
High SchoolArnold
Lot Size Square Feet8,712 sqft
Lot Size UnitsAcres
MLS Area27 - Bay County
MLS Area Minor2711 - Bay North - West Bay
Middle/Junior High SchoolSurfside
New ConstructionNo
Patio/Porch FeaturesPatio Enclosed, Porch Screened
Pool FeaturesPool Type
Property ConditionConstruction Complete
Property SubtypeDetached Single Family
Property TypeResidential
SewerPublic Sewer
Standard StatusPending
StatusPending
Stories Count1
Subdivision NameLatitude at Watersound
Tax Year2025
Total Rooms11
UtilitiesElectric, Phone, Public Water, TV Cable, Underground
ViewPond
Waterfront FeaturesPond
Year Built2023
ZoningResid Single Family

Exterior

Building Area Total1,934 sqft
Exterior AmenitiesSprinkler System
Lot Dimensions65.0 ft x 131.0 ft
Lot FeaturesCleared, Covenants, Interior, Restrictions, Sidewalk, Survey Available, Within 1/2 Mile to Water, See Remarks
Lot Size Acres0.2
Lot Size Area0 sqft
Road Frontage TypePrivate Road
Road Surface TypePaved
Total Parking0
Waterfront Y/NYes

Additional Details

Price History

Schools 

Elementary School West Bay Elementary School

  

Similar Properties

$629,000

2 Beds 2 Baths 1,934 SQFT 0.20 Acres
Type: Single Family

8651 Coral Reef Way
Panama City Beach, FL 32413

MLS#: 1015148
Constance Calambakas
Constance Calambakas
Brett/Robinson | Florida Real Estate
Phone: 251.407.6187
Office: 251.981.6180