$375,000
SOLD MAY 5, 2025
2 Beds
2 Baths
1,315 Sq Ft
4,008 Sq Ft Lot

Recently Sold

$285 Per Sq Ft

6% Below List Price

42 Days on Market

Highlights

  • Waterfront Community
  • Senior Community
  • Florida Architecture
  • Boat Dock
  • Gated Community
  • Cathedral Ceiling

About This Home

As of May 2025

INCREDIBLE VALUE, BRAND NEW!! NEVER LIVED IN! MOTIVATED SELLER! BRING OFFERS!! Just steps to FLIP FLOP SQUARE an amazing common space unique to this phase of homes! Quaint Coastal Camellia Cottage in sought after Latitude Margaritaville Watersound a 55+ Active Adult Community perched along the Intracoastal Waterway. Just 7 miles from the BEACH! This quaint Florida Cottage offers laminate floors (Revwood by Mohawk) in Family room, kitchen, dining, tile baths/laundry and plush carpet both master and second bedrooms. 8 ft doors throughout and master with a floor to ceiling tile shower, Kitchen with upgraded extended island, upgraded cabinetry and quartz countertops throughout kitchen. Open floorplan with a spacious dining room and family room with vaulted ceilings. 2 car garage with finished floors/coating. Front porch with cool deck coating for relaxing and enjoying the outdoors. This beautiful home is just steps from Flip-Flop-Square, a large common area with Tiki huts, tables and grills. Perfect for gatherings, cookouts, listening to music and just a perfect spot for a little ''Tiki Talk'' on a Saturday morning. No other phase has this common area space within walking distance. Residents enjoy Friday night BBQ's, cocktails and more at ''Flip Flop Square''. This home carries a 2 year builders Home Warranty from the original close date of 9/3/24 (until 9/3/26) and a 10 year structural home warranty. Cottages have the exterior paint and roofs included in the HOA dues for repainting and roof replacement on a maintenance schedule. All landscaping, amenities covered in HOA dues. Latitude Margaritaville Watersound is named among the TOP 50 master-planned communities in the U.S. providing a one-of-a-kind lifestyle! Amenities include Flip Flop Square (phase 6bc), Town Center for the community which includes a 2 story restaurant overlooking the Intracoastal Waterway, amphitheater, outdoor dance floor, resort style outdoor pool, lap indoor pool, state of the art Fitness Center, pickleball, tennis courts, bocce ball, Barkaritaville dog park, business center and a theater, pet grooming center, ceramics and wood-working shop are in the works and construction completion by spring of 2025. Activities year round, music and performances every Friday and Saturday nights and at outdoor pool during season. Did I mention the BEACH!! Short-term Rentals allowed minimum of 30 days are allowed up to 3 leases per year (one leasing individual must be 55+). All leases must be approved by the HOA. Come experience the lifestyle Latitude Margaritaville Watersound and Panama City Beach has to offer!

Last Agent to Sell the Property

Sheryl Lewis

Coldwell Banker Realty License #SL3402358 Listed on: 03/06/2025

Coldwell Banker Realty

Last Buyer's Agent

Douglas Cantrell

Anchor Realty Florida License #3345346

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $494

Year Built

  • Built in 2024

Lot Details

  • Lot Dimensions are 42x100
  • Landscaped
  • Sprinkler System

HOA Fees

  • $322 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

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

Interior Spaces

  • 1,315 Sq Ft Home
  • Cathedral Ceiling
  • Double Pane Windows
  • Family Room
  • Dining Room

Kitchen

  • Electric Range
  • <<microwave>>
  • 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

  • Covered patio or porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Underground Utilities
  • Tankless Water Heater
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • Senior Community
  • Association fees include management, ground maintenance, recreation facilities, sprinkler, tennis courts
  • First Service Reside Association
  • Latitude At Watersound Subdivision

Amenities

  • Community Barbecue Grill
  • Business Center

Recreation

  • Boat Dock
  • Waterfront Community
  • Tennis Courts
  • Community Basketball Court
  • Community Pool
  • Community Spa

Security

  • Security Service
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$494

Year Built

Built in 2024

Lot Details

0

HOA Fees

$322 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2024
  • Property Sub Type: Attached
  • Lot Size: 42x100
  • Road Surface Type: Paved
  • Subdivision Name: Latitude at Watersound
  • Architectural Style: Florida
  • ResoPropertyType: Residential
  • Special Features: NewHome

Interior Features

  • Appliances: Dishwasher, Electric Range, Disposal, Gas Water Heater, Microwave, Tankless Water Heater
  • Interior Amenities: Cathedral Ceiling(s), Kitchen Island, Pantry, Split Bedrooms, Smart Thermostat
  • Spa Features: Community
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1315.0
  • Dining Room Type: Bedroom, Dining Room, Family Room, Garage, Primary Bedroom, Patio
  • Window Features: Double Pane Windows
  • ResoLivingAreaSource: Plans

Exterior Features

  • Pool Features: Community
  • Waterfront: No
  • Construction Type: HardiPlank Type, Steel Frame, Wood Frame
  • Exterior Features: Sprinkler/Irrigation
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Porch
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: 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), Security Service
  • Cooling: Central Air, Heat Pump
  • Heating: Central, Electric, Forced Air, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 322.09
  • Community Features: Barbecue, Basketball Court, Business Center, Dock, Dog Park, Pickleball, Pool, Recreation Area, Restaurant, Short Term Rental Allowed, Tennis Court(s), Trails/Paths, 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, Maintenance Grounds, Recreation Facilities, Sprinkler, Tennis Courts

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Features: Landscaped
  • Zoning Description: Resid Single Family

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 494.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: West Bay
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2025
Closed on
May 5, 2025
Sold by
Gravatt Brett Stewart and Gravatt Kelli Shannon
Bought by
Rice Richard and Rice Tracie
Seller's Agent
Sheryl Lewis
Coldwell Banker Realty
Buyer's Agent
Douglas Cantrell
Anchor Realty Florida
List Price
$398,900
Sold Price
$375,000
Premium/Discount to List
-$23,900
-5.99%
Views
42

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.67%

Purchase Details

Closed on
Sep 3, 2024
Sold by
Lmws Llc
Bought by
Gravatt Brett Stewart and Gravatt Kelli Shannon
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $375,000 Watersound Title Agency
Special Warranty Deed $354,200 Watersound Title Agency
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 Sold $375,000 -1.3% $285 / Sq Ft
04/15/2025 04/15/25 Price Changed $379,900 -2.6% $289 / Sq Ft
04/09/2025 04/09/25 Price Changed $389,900 -1.3% $297 / Sq Ft
04/02/2025 04/02/25 Price Changed $394,900 -1.0% $300 / Sq Ft
03/06/2025 03/06/25 For Sale $398,900 -- $303 / 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 -- $40,000 $40,000 --
2023 -- $1,176 $1,176 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 769887

Central Panhandle Association of REALTORS®

APN: 32503-650-488