8686 Coral Reef Way Panama City Beach, FL 32413
Latitude Margaritaville Neighborhood
2
Beds
2
Baths
1,315
Sq Ft
2023
Built
Highlights
- Waterfront Community
- Gated Community
- Cathedral Ceiling
- Senior Community
- Florida Architecture
- Screened Porch
About This Home
As of April 2025CURRENTLY 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
Coldwell Banker Realty License #SL3402358 Listed on: 10/19/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $379
Year Built
- Built in 2023
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.86%
Original Mortgage
$343,200
Outstanding Balance
$342,031
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$85,488
Purchase Details
Closed on
May 23, 2023
Sold by
Lmws Llc
Bought by
Tehan John David and Tehan Connie Jane
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $429,000 | Watersound Title Agency | |
| Warranty Deed | $429,000 | Watersound Title Agency | |
| Special Warranty Deed | $327,900 | Watersound Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $343,200 | New Conventional | |
| Closed | $343,200 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | For Sale | $449,000 | +4.7% | $343 / Sq Ft |
| 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
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
-
Pat Fisher
P
Seller's Agent in 2025
Pat Fisher
Pat T. Fisher Broker
(850) 865-8589
9 Total Sales
-
Sheryl Lewis
Seller's Agent in 2025
Sheryl Lewis
Coldwell Banker Realty
(770) 316-3334
46 in this area
59 Total Sales
-
Terri Snyder
T
Buyer's Agent in 2025
Terri Snyder
Bob Hodges And Sons Realty
(717) 649-3191
28 in this area
64 Total Sales
Map
Source: Central Panhandle Association of REALTORS®
MLS Number: 764050
APN: 32503-350-504
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