8737 Coral Reef Way Panama City Beach, FL 32413
Latitude Margaritaville NeighborhoodEstimated payment $4,611/month
Total Views
13,333
2
Beds
2.5
Baths
2,393
Sq Ft
$292
Price per Sq Ft
Highlights
- Gated Community
- Pond View
- Caribbean Architecture
- J.R. Arnold High School Rated A-
- Vaulted Ceiling
- Bonus Room
About This Home
Escape to paradise in this stunning Cabana single-family home nestled within the vibrant, Jimmy Buffett-inspired 55+ community of Latitude Margaritaville Watersound, where ''Growing Older, Not Up'' is a celebrated way of life! Located in the desirable Phase 4, just a breezy 3-minute golf cart ride from the town center and resort-style amenities, this meticulously maintained 2,393 sqft home offers the perfect blend of luxury and laid-back living. The Cabana floor plan features 2 spacious bedrooms, 2.5 beautifully appointed bathrooms, a formal dining room, a cozy breakfast nook, a versatile den, and a bonus room - providing ample space for entertaining visiting friends and family who are eager to experience the Margaritaville lifestyle. This home is brimming with exquisite and practical upgrades, adding exceptional value and convenience. Enjoy peace of mind with a whole-house Generac generator and extended Wi-Fi package. Custom-built closets in the master suite and laundry room offer exceptional organization, while plantation shutters and custom blinds on the slider doors add a touch of elegance and privacy. The epoxy-floored garage features custom cabinetry and a utility sink, creating the ultimate workshop or storage space. Step inside and be greeted by a grand sense of arrival. Stunning Level 3 wood-look tile flows seamlessly throughout the main living areas, complemented by soaring ceilings and trendy wall accent and picture lighting in the entry hall, great room, dining room, and master suite - perfect for showcasing your cherished artwork and family photos. With three flexible rooms, you can easily adapt the space to your needs. Create a formal dining area, a home office or media room, a fun lounge, or a cozy rec room for the grandkids. The possibilities are endless! The Cabana offers abundant storage, including a coveted walk-in pantry in the kitchen and a huge pantry in the laundry room. The Level 4 quartz countertops are simply breathtaking, paired with Level 3, 42-inch cabinetry throughout the home, complete with under and over-cabinet lighting to set the perfect ambiance. Step through the expansive sliders onto the extended, screened-in lanai with sealed pavers and soak in the tranquil views of the serene pond - the perfect spot for enjoying a glass of wine and unwinding after a long day. When it's time to retreat for the night, indulge in the luxurious soaking tub in your master bath, or cozy up in the sitting area within your master bedroom. Custom lighting and fans throughout the home add the final touch of elegance and sophistication, making it the perfect retreat for embracing the ''Growing Older, Not Up'' lifestyle. Don't miss this incredible opportunity to experience luxurious living in paradise! Schedule your private tour today and discover firsthand what makes this Cabana so special. Your dream lifestyle in Latitude Margaritaville Watersound awaits! Enjoy the transferrable 2-10 builders warranty for peace of mind. Latitude Margaritaville is the most sought after 55+ community in the country with unmatched amenities including a private restaurant with 3 bars, resort pool, live music daily, pickleball, bocce ball, cornhole, putting green, Fins Up Fitness Center, indoor lap pool & whirlpool and a full lifestyle staff who dedicate their days to ensuring your fun! Phase 2 of the amenities include a full size theatre for comedy and tribute bands, Barkaritaville dog spa, woodworking shop, pottery room, business center and community rooms for clubs, groups, tastings and food demonstrations. The public retail has also begun with the golf cart store in full swing, Capital City Bank has opened and we are anticipating the grocery store, restaurants and other boutique shopping soon as well as a Public Marina...all through St Joe!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,162
Year Built
- Built in 2023
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 57.96x144.66
HOA Fees
- $308 Monthly HOA Fees
Parking
- 2 Car Attached Garage
Home Design
- Caribbean Architecture
- Slab Foundation
- Shingle Roof
- Cement Board or Planked
Interior Spaces
- 2,393 Sq Ft Home
- 1-Story Property
- Crown Molding
- Paneling
- Coffered Ceiling
- Tray Ceiling
- Vaulted Ceiling
- Ceiling Fan
- Plantation Shutters
- Great Room
- Breakfast Room
- Dining Room
- Bonus Room
- Screened Porch
- Tile Flooring
- Pond Views
- Fire and Smoke Detector
- Exterior Washer Dryer Hookup
Kitchen
- Walk-In Pantry
- Cooktop with Range Hood
- Microwave
- Freezer
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- Dual Vanity Sinks in Primary Bathroom
- Separate Shower in Primary Bathroom
- Garden Bath
Outdoor Features
- Rain Gutters
Schools
- West Bay Elementary School
- Surfside Middle School
- Arnold High School
Utilities
- Central Air
- Tankless Water Heater
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 32503-350-156
Community Details
Overview
- Association fees include ground keeping, management, master, recreational faclty
- Latitude At Watersound Subdivision
Amenities
- Recreation Room
- Elevator
Recreation
- Tennis Courts
- Community Pool
- Community Whirlpool Spa
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 | $379 | $459,016 | $40,000 | $419,016 |
| 2023 | $379 | $30,231 | $30,231 | $0 |
| 2022 | -- | $1,820 | $1,820 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | Price Changed | $699,900 | -2.5% | $292 / Sq Ft |
| 05/19/2025 05/19/25 | Price Changed | $717,700 | -3.0% | $300 / Sq Ft |
| 04/15/2025 04/15/25 | For Sale | $739,900 | -- | $309 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100 | None Listed On Document |
Source: Public Records
Similar Homes in Panama City Beach, FL
Source: Emerald Coast Association of REALTORS®
MLS Number: 974093
APN: 32503-350-156
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