Step into your own Coastal Retreat on a premium outside, oversized lot in phase 4! This beautiful Florida Cottage is nestled in sought after Latitude Margaritaville Watersound a 55+ Active Adult community perched along the Intracoastal Waterway, offering residents an unparalleled lifestyle. This CAMELLIA Cottage floorplan is nicely upgraded with and just 7 miles from the pristine white sands of Panama City BEACH! Phase 4 cottages are a quick golfcart or bike ride to the amenities and trails. Enter the covered screened porch with epoxy floor coating. A wonderful spot for relaxing and viewing the spectacular sunsets! The spacious family room has a vaulted ceiling, open to a large cooks kitchen, with a large island, 42'' cabinets with custom pull-outs/soft close cabinets & pantry, quartz countertops and tile backsplash. Separate spacious dining room, wonderful for entertaining and more! Master bedroom with a a large walk-in closet, master bath boast a tiled shower & floor and double vanities with undermount sinks and quartz countertops. 2nd bedroom is light and bright and adjacent to the 2nd bath with tile floors, tile bath walls and quartz countertops. Upgraded, Laminate Revwood by Mohawk floors throughout, tile floors baths and laundry. Blinds and curtains throughout the home. All custom light fixtures and fans. No detail was spared! Garage floor with epoxy coating. Home comes out-fitted with a refrigerator and washer/dryer. The amenities at Latitude Margaritaville Watersound offer a 2 story full service restaurant, resort style outdoor pool both overlooking the Intracoastal Waterway, A state of the art fitness center with an indoor lap pool and spa, fitness classes, water aerobics and more. Pickleball and tennis courts, a bandshell with a dance floor and music every Friday and Saturday night / activities year round. Kayak launch, game lawn with bocce ball, cornhole and ping pong. A theater, pet grooming, workshop and ceramics shop is currently being built. A future public marina and commercial area are planned with grocery store, shopping and dining. This home has a builders Master Care 2 year Warranty until Dec. 2025 and a Builders 2/10 year structural warranty from the original build/close date. All lawn care is maintained by the HOA, exterior paint and roof replacement on a maintenance schedule are done by the HOA. Easy, carefree living! This home sits on a premium lot with no cottage or home directly in front of it. Also has a little peek of the pond across the street and of course the daily sunsets! Must see this gorgeous home and community! The carefree lifestyle of Latitude Margaritaville Watersound awaits you!
For sale
Price cut: $13.1K (7/12)
$415,900
8948 Coral Reef Way, Panama City Beach, FL 32413
2beds
1,315sqft
Est.:
Single Family Residence
Built in 2023
4,620 Square Feet Lot
$406,300 Zestimate®
$316/sqft
$322/mo HOA
What's special
- 78 days
- on Zillow |
- 222 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: July 11, 2025 at 08:20pm
Listed by:
Sheryl Lewis 770-316-3334,
Coldwell Banker Realty
Source: CPAR,MLS#: 773816
Originating MLS: Central Panhandle Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Dining Room, Family Room, Garage, Primary Bedroom, Screened Porch
Primary bedroom
- Level: First
- Area: 147.62
- Dimensions: 12.1 x 12.2
Bedroom
- Level: First
- Area: 144.48
- Dimensions: 12.9 x 11.2
Dining room
- Level: First
- Area: 138.6
- Dimensions: 12.6 x 11
Family room
- Level: First
- Area: 228.42
- Dimensions: 16.2 x 14.1
Garage
- Level: First
- Area: 412
- Dimensions: 20.6 x 20
Screened porch
- Level: First
- Area: 150.4
- Dimensions: 16 x 9.4
Heating
- Central, Electric, Forced Air, Heat Pump
Cooling
- Central Air, Ceiling Fan(s), Electric, Heat Pump
Appliances
- Included: Dishwasher, Electric Range, Disposal, Gas Water Heater, Microwave, Tankless Water Heater, Washer
Features
- High Ceilings, Kitchen Island, Pantry, Recessed Lighting, Smart Thermostat
- Windows: Double Pane Windows
Interior area
- Total interior livable area: 1,315 sqft
Property
Parking
- Total spaces: 2
- Parking features: Additional Parking, Attached, Garage, Garage Door Opener
- Attached garage spaces: 2
Features
- Patio & porch: Porch, Screened
- Exterior features: Sprinkler/Irrigation, Porch, Rain Gutters
- Pool features: None, Community
Lot
- Size: 4,620 Square Feet
- Dimensions: 42 x 110
- Features: Landscaped
Details
- Parcel number: 32503400172
- Zoning description: Resid Single Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Florida
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- HardiPlank Type, Steel Frame, Wood Frame
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 2023
Utilities & green energy
- Utilities for property: Cable Connected, High Speed Internet Available, Trash Collection, Underground Utilities
Community & HOA
Community
- Features: Basketball Court, Business Center, Dock, Dog Park, Fitness Center, Golf, Pickleball, Pool, Recreation Area, Restaurant, Short Term Rental Allowed, Sidewalks, Tennis Court(s), Trails/Paths, Waterfront, Gated
- Security: Carbon Monoxide Detector(s), Firewall(s), Gated Community, Smoke Detector(s), Security Service
- Senior community: Yes
- Subdivision: Latitude at Watersound
HOA
- Has HOA: Yes
- Amenities included: Dock, Gated
- Services included: Association Management, Legal/Accounting, Maintenance Grounds, Pool(s), Recreation Facilities, Sprinkler
- HOA fee: $322 monthly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $316/sqft
- Tax assessed value: $323,799
- Annual tax amount: $3,554
- Date on market: 5/21/2025
- Road surface type: Paved
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