
8944 Coral Reef Way, Panama City Beach, FL 32413
Latitude Margaritaville · Bay County
Key Facts
Description
Step into the best of low-maintenance, resort-style living in this barely lived-in Aloha Cottage! Perfectly situated in Phase 5 near the golf cart underpass, you're just minutes from the vibrant Town Square amenities of Latitude Margaritaville Watersound -- one of Northwest Florida's premier 55+ active adult communities. Nestled on a fabulous oversized corner lot, this charming 2-bedroom, 2-bath Florida cottage with a versatile flex room delivers 1,472 square feet of thoughtfully designed living space -- complete with upgrades galore, including granite countertops, elevated cabinetry, and beautiful laminate flooring throughout. The spacious kitchen flows seamlessly into the dining and family rooms, while a large laundry room and a lovely screened-in porch add everyday comfort and coastal charm. Just 7 miles from pristine Gulf beaches and situated within a golf-cart-friendly community, you'll enjoy world-class amenities set along the Intracoastal Waterway -- including a resort-style pool, two-story waterfront restaurant, state-of-the-art fitness center with indoor pool and spa, tennis and pickleball courts, and a lively bandshell for concerts and outdoor events. With two garage spaces, furnishings negotiable, and a brand-new Publix coming soon nearby, this turnkey cottage is ready to become your perfect primary retreat or sun-soaked second home. Live where others vacation -- your coastal dream starts here!
Property Information
Property Type
Residential
Sub-Type
Townhouse
Style
Florida Cottage
Year Built
2023
Living Area
1,472 sq ft
Lot Dimensions
0x0
Garage Spaces
2
Zoning
Resid Single Family
Days on Market
46
MLS® Listing#
1000857
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Pool
Parking
Patio
Community
Utilities
Sewer
Water Source
Rooms
- Bedroom11.2 x 14.7First
- Bedroom10.11 x 10.4First
- Living Room18.7 x 16.6First
- Master Bedroom13.5 x 14.2First
Schools
- Elementary:
- West Bay
- Middle:
- Surfside
- High:
- Arnold
Financial Details
HOA
$341 / Monthly
Annual Taxes
$4,781
Tax year 2025
Parcel Number
32503-400-176
Directions
From Destin, take Hwy 98E to Panama City Beach, Turn left onto Hwy 79 N, left on West Bay Parkway, follow to 2nd gated entrance on left, Coral Reef Way, home on left at corner of Coral Reef Way & Cheeseburger Drive.
Affordability Calculator
$83,400
Estimated monthly payment
$2,219/mo
Principal $333,600 · Est. interest $465,402 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Panama City Beach, FL
- $471,497
- Median Listing Price
- 109
- Median Days on Market
- 1,463
- Median Sq Ft
- $345
- Median Price / Sq Ft
- 31,946
- Active Listings
- This home’s price is 12% below the area median.
- Its price per sq ft is 18% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Panama City Beach, FL.
Location
- 8944 Coral Reef Way, Panama City Beach, FL 32413
Points of Interest in Panama City Beach, FL
Showing the Panama City Beach area map.
Nearby Schools
West Bay Elementary School
Elementary · 2.3 mi away
PCB Academy
School · 6.7 mi away
Surfside Middle School
Secondary · 7.8 mi away
Surfside Kids Academy
School · 8.5 mi away
Hutchison Beach Elementary School
Elementary · 8.6 mi away
JR Arnold High School
Secondary · 8.7 mi away
Ohana Institute
School · 8.8 mi away
Breakfast Point Academy
School · 8.9 mi away
Arnold Pre K
Secondary · 9.3 mi away
St Bernadette Early Childhood Development Center
School · 10.1 mi away
Primary Prep School
Elementary · 10.2 mi away
Learning Tree II-Child Development Center
School · 10.5 mi away
Stacey's Fun in the Sun Preschool 2 Inc.
School · 10.5 mi away
Twisted Fork Culinary Classroom
School · 10.9 mi away
Deane Bozeman School
Secondary · 12.1 mi away
Patronis Elementary School
Elementary · 12.2 mi away
Dune Lakes Elementary School
Elementary · 12.4 mi away
Lucille Moore Elementary School
Elementary · 13.6 mi away
Gulf Coast School for Autism
School · 13.7 mi away
Bacot Academy
School · 13.7 mi away
Commute Calculator
Nearby Homes
Moving Cost Estimate
EXIT Agents in Panama City Beach
Listing Courtesy: Legacy Premier Agency LLC - 8502503701









