NOT LISTED FOR SALE

8686 Coral Reef Way Panama City Beach, FL 32413

Latitude Margaritaville Neighborhood

Estimated Value: $416,150 - $431,000

2 Beds
2 Baths
1,315 Sq Ft
$324/Sq Ft Est. Value

Last Sold April 04, 2025

Last sale price $429,000 $326 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,709/month

118 Days on Market

Highlights

  • Waterfront Community
  • Gated Community
  • Cathedral Ceiling
  • Senior Community
  • Florida Architecture
  • Screened Porch

About This Home

As of April 2025

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Incredible Price Improvement, huge lot with lots of privacy!! Gorgeous Highly upgraded Camellia Cottage in sought after Latitude Margaritaville Watersound! This beautiful 55+ Active Adult community sits along the Intracoastal Waterway offering residents an unparalleled lifestyle. The Gulf of Mexico, pristine sugar white beaches are just 7 miles away! This home is highly upgraded with so many quality finishes. An oversized exterior lot with large front yard, offering lots of privacy. Step in to the covered screened porch and enjoy morning coffee and spectacular sunset views. The spacious family room has a vaulted, beamed ceiling, open to a large cooks kitchen, electric range, 42'' cabinets with pull-outs/soft close cabinets, quartz countertops and large island. Kitchen with crown-molding. Separate dining room with a custom shiplap wall, wonderful for dinner parties and more! Master bedroom with a custom shiplap wall, recessed lighting with reader lights, a large walk-in closet, tiled shower, seamless shower door, double vanities. Upgraded, Laminate Revwood by Mohawk floors throughout, tile floors baths and laundry. 8 ft doors throughout, all windows have custom Plantation Wood Shutters with split-tilt, upper and lower can function separately. Upgraded facets throughout home. Insulated garage package, Polyurea finish on garage floors and patio. Interior paint professionally painted with custom colors and high quality Sherwin Williams Emerald paint. Seller will consider selling home fully furnished for additional cost outside of the contract. Latitude Margaritaville Watersound amenities offer a 2 story full service restaurant, resort style outdoor pool both overlooking the Intracoastal Waterway, A state of the art fitness center with an indoor lap pool and spa, fitness classes, water aerobics and more. Pickleball and tennis courts, a bandshell with a dance floor and music every Friday and Saturday night / activities year round. Kayak launch, game lawn with bocce ball, cornhole and ping pong. A theater, pet grooming, workshop and ceramics shop is currently being built. A future public marina and commercial area are planned with grocery store, shopping and dining. Home has a builders Master Care warranty in place 2 years from the original build date and a 2/10 year structural warranty from the original build/close date. All lawn care is maintained by the HOA, exterior paint and roof replacement on a maintenance schedule are done by the HOA. Easy, carefree living! Must see this incredible home and community! The lifestyle of this beautiful coastal Florida town awaits you!

Last Agent to Sell the Property

Sheryl Lewis

Coldwell Banker Realty License #SL3402358 Listed on: 10/19/2024

Coldwell Banker Realty

Last Buyer's Agent

Terri Snyder

Bob Hodges And Sons Realty License #3510851

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $379

Year Built

  • Built in 2023

Lot Details

  • 4,400

HOA Fees

  • $317 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Additional Parking

Home Design

  • Florida Architecture
  • Property Attached
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • HardiePlank Type

Interior Spaces

  • 1,315 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Plantation Shutters
  • Family Room
  • Dining Room
  • Screened Porch

Kitchen

  • Breakfast Bar
  • Electric Range
  • <<microwave>>
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Home Security

  • Smart Thermostat
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Screened Patio
  • Rain Gutters

Schools

  • West Bay Elementary School
  • Surfside Middle School
  • Arnold High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Underground Utilities
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Grip-Accessible Features
  • Lot Dimensions are 42x110

Community Details

Overview

  • Senior Community
  • Association fees include management, legal/accounting, ground maintenance, pool(s), recreation facilities
  • First Service Reside Association
  • Latitude At Watersound Subdivision

Recreation

  • Waterfront Community
  • Tennis Courts
  • Community Pool

Additional Features

  • Business Center
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$379

Year Built

Built in 2023

Lot Details

0

HOA Fees

$317 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Accessibility Features: Grip-Accessible Features
  • Year Built: 2023
  • Property Sub Type: Attached
  • Lot Size: 42x110
  • Road Surface Type: Paved
  • Subdivision Name: Latitude at Watersound
  • Architectural Style: Florida
  • ResoPropertyType: Residential
  • Special Features: 4098

Interior Features

  • Appliances: Dishwasher, Electric Range, Disposal, Microwave, Plumbed For Ice Maker
  • Interior Amenities: Beamed Ceilings, Breakfast Bar, Cathedral Ceiling(s), Kitchen Island, Pantry, Split Bedrooms, Shutters, Smart Thermostat
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1315.0
  • Dining Room Type: Bedroom, Dining Room, Family Room, Garage, Primary Bedroom, Screened Porch
  • Stories: 1
  • Window Features: Plantation Shutters
  • ResoLivingAreaSource: Plans

Exterior Features

  • Pool Features: Community
  • Waterfront: No
  • Construction Type: HardiPlank Type
  • Exterior Features: Porch, Rain Gutters
  • Foundation Details: Slab
  • Patio And Porch Features: Porch, Screened
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Additional Parking, Attached, Garage, Garage Door Opener
  • Garage: Yes
  • Attached Garage: Yes

Utilities

  • Utilities: Cable Available, High Speed Internet Available, Trash Collection, Underground Utilities
  • Security Features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 316.5
  • Community Features: Business Center, Dog Park, Fitness Center, Pickleball, Pool, Recreation Area, Restaurant, Short Term Rental Allowed, Tennis Court(s), Waterfront, Gated, Sidewalks
  • Senior Community: Yes
  • Amenities: Gated
  • Association Fee Frequency: Monthly
  • Association Name: First Service Reside
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Legal/Accounting, Maintenance Grounds, Pool(s), Recreation Facilities

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Zoning Description: Resid Single Family

Rental Info

  • Furnished: Negotiable

Tax Info

  • Tax Annual Amount: 379.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: West Bay
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2024
Closed on
Apr 4, 2025
Sold by
Tehan John David and Tehan Connie Jane
Bought by
Riordan James Michael
Seller's Agent
Sheryl Lewis
Coldwell Banker Realty
Buyer's Agent
Terri Snyder
Bob Hodges And Sons Realty
List Price
$443,900
Sold Price
$429,000
Premium/Discount to List
-$14,900
-3.36%
Views
14
Current Estimated Value
$426,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,962
Avg. Annual Appreciation
-2.53%
Original Mortgage
$343,200
Outstanding Balance
$343,200
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$82,838

Purchase Details

Closed on
May 23, 2023
Sold by
Lmws Llc
Bought by
Tehan John David and Tehan Connie Jane
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Riordan James Michael $429,000 Watersound Title Agency
Riordan James Michael $429,000 Watersound Title Agency
Tehan John David $327,900 Watersound Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riordan James Michael $343,200
Closed Riordan James Michael $343,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 Sold $429,000 -0.2% $326 / Sq Ft
02/14/2025 02/14/25 Pending -- -- --
01/16/2025 01/16/25 Price Changed $429,900 -3.2% $327 / Sq Ft
10/19/2024 10/19/24 For Sale $443,900 -- $338 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $379 $279,286 $40,000 $239,286
2023 $379 $30,231 $30,231 $0
2022 -- $1,820 $1,820 --
Source: Public Records

Agents Affiliated with this Home

  • Sheryl Lewis

    Seller's Agent in 2025

    Sheryl Lewis

    Coldwell Banker Realty

    (770) 316-3334

    40 in this area

    52 Total Sales

    Sheryl Lewis
    Section Image

  • T

    Buyer's Agent in 2025

    Terri Snyder

    Bob Hodges And Sons Realty

    (717) 649-3191

    27 in this area

    63 Total Sales

    Terri Snyder
    Section Image
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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 764050

Central Panhandle Association of REALTORS®

APN: 32503-350-504

Florida Bay County Panama City Beach 32413 Latitude Margaritaville

8686 Coral Reef Way, Panama City Beach, FL

This home is located at 8686 Coral Reef Way, Panama City Beach, FL 32413 since 19 October 2024 and is currently estimated at $426,038, approximately $323 per square foot. This property was built in 2023. 8686 Coral Reef Way is a home located in Bay County with nearby schools including J.R. Arnold High School, West Bay Elementary School, and Surfside Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central Panhandle Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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