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2 Beds
2 Baths
1,934 sqft

$629,000

8651 Coral Reef Way, Panama City Beach FL, 32413

Price per sqft$325.23
Built in2023
Property size1,934 sqft
Property typeResidential

Overview

Active

Listed Nov 8, 2026

Updated 13h ago

NOT ALL WATERFRONT HOMES ARE CREATED EQUAL. **8651 CORAL REEF WAY | LATITUDE MARGARITAVILLE WATERSOUND** **THE LOT. THE LOCATION. THE LAYOUT. THE LUXURY. FOUR REASONS THIS HOME STANDS APART.** Some homes check the boxes. Others redefine the standard. Welcome to 8651 Coral Reef Way, an exceptionally upgraded waterfront Parrott floor plan situated on the **largest waterfront lot in Phase 4**, along one of Latitude Margaritaville Watersound's most desirable streets. **RARE LOT. RARE FLOOR PLAN. EXTRAORDINARY FINISHES.** With approximately 20 additional feet of waterfront lot width along the east side, this property offers something especially difficult to duplicate: additional space, an exceptional waterfront setting, and a coveted location. Add one of the community's most sought-after and rarely available floor plans, an unusually deep extended screened lanai, and an extensive collection of custom upgrades, and the result is a home that stands in a class of its own. **THE RENOVATION? NOTHING SHORT OF EXCEPTIONAL.** The sellers spared little expense transforming this residence into a sophisticated coastal retreat. Nearly every detail was thoughtfully considered, from the new luxury vinyl plank flooring, quartz countertops, sea-glass backsplash, updated bronze fixtures, custom window treatments, designer accent walls, and upgraded trim to the stunning shiplap fireplace wall featuring a distinctive natural live-edge wood mantel. The chef-inspired kitchen is anchored by the Parrott plan's signature oversized island and showcases upgraded gas cooking appliances, including a double oven, stylish vent hood, and beautiful custom finishes. A newly epoxied garage floor, dedicated 20-amp fireplace electrical circuit, and thoughtfully positioned lighting controls further demonstrate the exceptional attention to detail. **THE WATERFRONT EXPERIENCE IS THE SHOWSTOPPER.** A soaring vaulted great room opens to a dramatic wall of sliding glass doors, creating a seamless connection to the expansive outdoor living space. The extended screened lanai, among the deepest waterfront extensions in the community, is complemented by newly extended pavers and breathtaking water views. Whether enjoying a quiet morning or entertaining friends, this setting delivers the Florida lifestyle buyers dream about. The secluded primary suite is equally impressive, featuring an expansive waterfront-facing bay window, custom shiplap accent wall, dual closets, custom window coverings, and a beautifully appointed bathroom with a dedicated makeup vanity. **THE PARROTT PLAN. HIGHLY SOUGHT AFTER. RARELY AVAILABLE.** Offering 2 bedrooms, 2 bathrooms, and an oversized bonus room with custom built-in shelving and cabinetry, this layout combines spacious entertaining areas with everyday versatility. The bonus room offers the potential to create a third bedroom by adding a wall and closet, subject to applicable requirements, or can remain an elegant office, guest retreat, or additional living area. **AND THEN THERE'S THE LIFESTYLE.** Located in desirable Phase 4, you're a short golf cart ride from Latitude Margaritaville's celebrated Town Square and resort-style amenities, including pools, pickleball, tennis, fitness center, live music, bandshell, theater, kayak launch, woodworking shop, clay studio, Bar & Chill Restaurant, and waterfront Overlook Bar. Approximately 7 miles from the Emerald Coast's spectacular beaches, the community also offers convenient access to the developing West Bay shopping and dining destination, with Publix and additional retail, restaurant, medical, and personal services planned nearby. HOA services include lawn maintenance, access to community amenities, and an exciting calendar of activities. **THE BEST PART? THE OPPORTUNITY WAS NEVER PLANNED.**

$4,185/mo

Est. mortgage payment based on a $629,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1015148

Interior Features

Bedrooms
2
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.2 Acres

Other Property Details

Taxes
$4,975
Tax Frequency
Annually
Association Fee Frequency
Monthly
Garage
Yes
View
Yes
Waterfront
Yes
MLS provider logo

Courtesy of Keller Williams Realty SRB, 
Listing Contact: 850-321-0917 

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Shaun Larson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 3:47 AM UTC, 11/9/2026

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