8926 Coral Reef Way, Panama City Beach, FL, 32413
About This Home
Welcome to this beautiful Parrot floor plan located in the highly desirable Latitude Margaritaville Watersound 55+ community. This vibrant, welcoming lifestyle is designed for those who want more than just a home. This spacious home offers 2 bedrooms, 2 bathrooms, and a versatile flex room ideal for a home office, gym, or hobby space and an extra room off of the kitchen that can be used for a formal dining area, or customize the room however you want! One of the standout features is the extended screened-in porch, expanded by an additional 10 feet to create an oversized outdoor living area--perfect for morning coffee, entertaining guests, or unwinding after a day at the beach. Inside, the home is enhanced with custom curtains throughout and remote-controlled blinds, offering both style and convenience while maximizing natural light and privacy. Enjoy a spacious primary suite featuring separate his-and-hers closets and a beautifully appointed en-suite bathroom with an oversized walk-in shower. There is also a full-house water filtration system adds everyday comfort and peace of mind, and a brand-new golf cart (conveying with the sale) makes getting around the community effortless and fun. With over $50,000 in upgrades, plus a brand-new golf cart, this home is truly move-in ready and offers exceptional value beyond standard builder features. Living in Latitude Margaritaville Watersound means enjoying a resort-style, active lifestyle with amenities that include multiple pools, including an island-style pool overlooking the Intracoastal Waterway, a state-of-the-art fitness center, pickleball and tennis courts, walking and biking trails, social clubs, and a lively Town Center with daily live music and events. HOA fees include landscaping and lawn care, allowing for low-maintenance living. Residents also enjoy a two-story full-service bar and restaurant, daily live music, a dog park, woodworking shop, ceramic studio, theater, and golf-cart-friendly streets throughout the community. A future commercial area is planned to include a Publix grocery store, dining, shopping, and a public marina, adding even more convenience and value. Ideally located near the West Bay corridor, this home is approximately 10 minutes from Northwest Florida Beaches International Airport, 7-10 miles from the white-sand beaches, and close to shopping and entertainment. The community is also near medical facilities, with a hospital currently under construction and expected to be completed in 2027. Skip the construction wait and step directly into a move-in-ready home where upgrades, comfort, and lifestyle come together. It's time to embrace the Margaritaville way of life!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2023
Materials
- Foundation: Slab
- Construction materials: HardiPlank Type
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Oven,Tankless Water Heater
Bedroom
- Level: First
- Dimensions: 13.58 x 12.6
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Home Theater
- Window features: Storm Window(s)
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 1,934
- Total interior livable area: 1,934 sqft
Master Bedroom
- Level: First
- Dimensions: 16.17 x 15.17
Property
Details
- Parcel number: 32503400364
Features
- Levels: One
- Stories: 1
- Pool features: Community
- Patio & porch: Covered,Patio
- Spa features: Community
- On waterfront: Yes
Lot
- Lot size: 9,147 sqft
- Features: Sprinkler System,Paved
- Lot size dimensions: 70 x 131
Parking
- Total spaces: 2
- Parking features: Gated
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Tornado
- Cold Wave
- Heat Wave
- Inland Flooding
- Strong Wind
- Wildfire
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Bay County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,907 | $34,884 |
| Home Insurance * | $674 | $8,088 |
| Property Taxes | $596 | $7,152 |
| Electricity | $197 | $2,366 |
| Total | $4,374 | $52,488 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Price change | $575,000 |
| 2026-04-11 | Price change | $599,000 |
| 2026-02-07 | Listed for sale | $610,000 |
| 2024-02-16 | Sold | $504,600 |
View on Zillow