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8944 Coral Reef Way, Panama City Beach, FL 32413

Latitude Margaritaville · Bay County

Key Facts

2Beds
2Baths
1,472Sq Ft
2023Year Built
2Garage

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

Breakfast BarVaulted Ceiling(s)Recessed Lighting

Appliances

DishwasherDisposalMicrowaveRefrigerator

Cooling

Central AirElectric

Heating

CentralElectric

Flooring

TileVinyl

Pool

Community

Parking

AttachedGarage

Patio

PatioCovered

Community

GatedSidewalks

Utilities

Underground Utilities

Sewer

Public Sewer

Water Source

Public

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

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EXIT Agents in Panama City Beach

Listing Courtesy: Legacy Premier Agency LLC - 8502503701

IDX property data is provided exclusively for consumers’ personal, non-commercial use, and IDX data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS. IDX data provided by the Emerald Coast Association of Realtors.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by EmeraldCoast. MLS® Listing#1000857. © 2026EXIT Realty®. All rights reserved.