PENDING
$9K PRICE DROP
8724 Pencil Thin Ave Panama City Beach, FL 32413
Latitude Margaritaville NeighborhoodEstimated payment $2,904/month
Total Views
5,196
2
Beds
2
Baths
1,481
Sq Ft
$314
Price per Sq Ft
Highlights
- In Ground Pool
- Gated Community
- Coastal Architecture
- J.R. Arnold High School Rated A-
- 0.86 Acre Lot
- Vaulted Ceiling
About This Home
Luxury Retirement Living at Latitude Margaritaville Watersound!!!! Welcome to 8724 Pencil Thin Avenue -- featuring the Aloha floorplan, the largest of the cottage models offered in the highly desirable Margaritaville in Panama City Beach, a premier 55+ active adult community where luxury meets leisure along Florida's breathtaking Emerald Coast. Thoughtfully designed with over $107,000 in premium upgrades, this stunning home offers almost 1,500 square feet of refined coastal living. Every detail reflects a seamless blend of comfort, style, and vibrant retirement living at its finest. This home is being sold fully furnished, featuring a professionally styled selection of high-quality furniture, purchased at a value exceeding $25,000. The furnishings have only been used a handful of times and are in like-new condition, making this a truly turnkey opportunity. 2 Bedrooms + Bonus Flex Room | 2 Bathrooms | Almost 1,500 Sq Ft 2-Car Garage | Screened-In Lanai.Premium Interior Finishes & Upgrades Include: Modern stained cabinetry with vaulted ceilings and custom wood beams, High-end quartz countertops, designer backsplash, and upgraded stainless steel appliances, including a premium cooktop and range, Kitchen features pull-out drawers in the lower cabinets for added functionality and convenience, Accent walls in the primary bedroom and dining area for added elegance, Shiplap wall accents, designer lighting, and upgraded trim throughout, A luxurious screened-in lanai - perfect for relaxing or entertaining outdoors in total comfort, A spacious walk-in laundry room with upgraded tile flooring and ample storage, All closets are outfitted with custom Java-style wooden ventilated shelving for style and improved airflow. Bonus Living Area / Flex Room A beautifully lit and versatile space ideal for use as a home office, reading nook, craft studio, or guest room -- tailored to your lifestyle. Latitude Margaritaville Watersound - A 55+ Resort-Style Community with Big Plans Ahead: Enjoy an unmatched lifestyle in one of Florida's most talked-about active adult communities: Resort-style pools, a state-of-the-art fitness center, on-site restaurants, bars, live music venues, and a thriving town center, Private beach club access with convenient shuttle service, Pickleball courts, walking and biking trails, dog parks, and year-round community events, A gated, golf-cart-friendly neighborhood designed for connection, convenience, and fun. Ideal Location & Exciting Future Development: Just minutes from boat ramps, kayaking spots, and waterfront restaurants in West Bay, Almost direct access to Northwest Florida Beaches International Airport (ECP) -- only a short drive from the community entrance, Future plans include a full-service marina located within the community on the Intracoastal Waterway, offering boaters and water enthusiasts direct access to the coast, A planned connection to Watersound Origins in Walton County will provide expanded access to trails, shops, dining, and recreation. This is more than just a home -- it's a gateway to a carefree coastal lifestyle, thoughtfully designed for those 55 and better. Whether you're enjoying your sun-soaked lanai, taking part in community activities, or exploring the beautiful Emerald Coast, 8724 Pencil Thin Ave offers the perfect launchpad for your next adventure. Schedule your private showing today and experience the joy of living in Latitude Margaritaville Watersound -- where every day feels like a vacation.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $494
Year Built
- Built in 2024
Lot Details
- 0.86 Acre Lot
- Lot Dimensions are 35 x 101 x 42 x 63 x 6 x 37
- Sprinkler System
HOA Fees
- $317 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Driveway
Home Design
- Coastal Architecture
- Property Attached
- Slab Foundation
- Shingle Roof
- Composition Roof
- HardiePlank Type
Interior Spaces
- 1,481 Sq Ft Home
- Furnished
- Beamed Ceilings
- Vaulted Ceiling
- Ceiling Fan
- Recessed Lighting
- Living Room
- Dining Room
- Fire and Smoke Detector
Kitchen
- Breakfast Bar
- Electric Oven
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- In Ground Pool
- Covered patio or porch
Schools
- West Bay Elementary School
- Surfside Middle School
- Arnold High School
Utilities
- Central Heating and Cooling System
- 220 Volts
- Gas Water Heater
Community Details
Overview
- Association fees include management, legal/accounting, ground maintenance, pool(s), security
- Latitude At Watersound Subdivision
Recreation
- Community Pool
Security
- Gated Community
Map
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Home Values in the Area
Average Home Value in this Area
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 | -- | $40,000 | $40,000 | -- |
| 2023 | -- | $1,176 | $1,176 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | Pending | -- | -- | -- |
| 07/25/2025 07/25/25 | Price Changed | $464,900 | -1.9% | $314 / Sq Ft |
| 06/21/2025 06/21/25 | For Sale | $474,000 | -- | $320 / Sq Ft |
Source: Central Panhandle Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $463,700 | Watersound Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $356,029 | New Conventional |
Source: Public Records
Similar Homes in the area
Source: Central Panhandle Association of REALTORS®
MLS Number: 775275
APN: 32503-650-548
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.
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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