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8863 Coral Reef Way, Panama City Beach, FL 32413
$734,900
$379 per ft²
2 Bed
2 Bath
1,940 Sq Ft
0.16 Acres
Listing Office: Watersound Real Estate






















































**MOTIVATED SELLER** PARROT WITH POOL - PHASE 4 - CLOSER TO EVERYTHING THAN NEW CONSTRUCTION. Welcome to 8863 Coral Reef Way, a beautifully upgraded Parrot model in highly desirable Phase 4, where many believe you're in the sweet spot of the community. Close enough for a quick golf cart ride to Town Square, yet far enough away to enjoy peace, privacy, and that relaxed island pace of life.
Set on a premium wooded 4B lot, you don't see neighbors behind you -- just natural beauty. It's the kind of backyard where you can sip something cold, listen to your favorite Buffett playlist, and feel like you've permanently escaped the mainland.
And then there's the showstopper.
The SWIMMING POOLl and hot tub are absolutely spectacular. This is not an afterthought pool. This is a full backyard retreat designed for sunset swims, weekend gatherings, and quiet evening soaks under the stars. If Jimmy were writing about a backyard in Watersound, this might be it.
Inside, this Parrot is completely move-in ready and loaded with upgrades:
• Generac whole house generator
• Quartz countertops throughout
• Extended kitchen counter with matching quartz backsplash
• Upgraded cabinets with soft close doors, crown molding, side panels, pulls, and dual trash cans
• Cabinets, counter, and sink in the laundry room
• Upgraded appliances
• Laminate flooring throughout most of the home
• Upgraded trim throughout
Both bathrooms feature upgraded tile floors and walls, frameless glass shower surrounds, upgraded shower heads, automatic exhaust timer switches, and a no curb entry in the main bath shower for a clean, seamless look.
Additional highlights include:
• Designer lighting over kitchen counters and table
• Whole home WiFi with extender
• WiFi garage door opener
• Epoxy garage floor, shelving, and added attic flooring for storage
• Ring cameras and Yale WiFi door locks
• TV wall brackets and TV outlet plus gas line on the lanai
• High performance ceiling fans
• Custom shelving in the main bedroom closets
Living in Latitude Margaritaville Watersound isn't just about square footage. It's about lifestyle. Resort style pool overlooking the Intracoastal Waterway, a two story full service restaurant, fitness center with indoor lap pool and spa, pickleball and tennis courts, walking trails, kayak launch, bandshell concerts, hobby rooms, and a social calendar that keeps life as full as you want it to be.
And with the St. Joe Company developing the new commercial area along Highway 79, convenience and value continue to grow.
This home captures what the Parrot model is all about -- open, bright, inviting -- with the added bonus of privacy, a spectacular pool, and upgrades in all the right places.
If you've been waiting for your own little piece of paradise where the days move slower and the sunsets last longer, this is it. Some photos have been virtually staged or digitally altered for presentation purposes
Listing Agent:
License Number:
Offered by: Watersound Real Estate
Office Phone: 850-231-6531
MLS: #786295
Central Panhandle Association of REALTORS® MLS
Date Added: 03/05/2026 12:00:00 am
Last Update: 05/11/2026 06:11:44 pm
Days on Market: 70
Interior
- A/C: true, Central Air
- Heating: true, Electric,Heat Pump
Exterior
- Style: Traditional
- Pool: Gunite,Gas Heat,In Ground,Screen Enclosure,Salt Water,Private
Location
- HOA Amenities: Business Center,Picnic Area
- Originating MLS: CPAR_CPAR
- County: Bay
Lot
- Zoning: LATITUDE AT WATERSOUND AREA 1 PHASE 4B LOT 4463, 32503-400-292
Utilities
- Utilities: Electricity Available
- Sewer: Public Sewer
Financial
- Source: CPAR_CPAR
Property
- Year Built: 2023
- Type: Single Family Home
- Style: Traditional
- Parcel #: 32503-400-292
Schools
- Elementary: West Bay
- Middle: Surfside
- High: Arnold
05/11/2026$734,900@ 379 per ft²↓0.67576699553994%
05/01/2026$739,900@ 381 per ft²↓1.333511134818%
04/28/2026$749,900@ 387 per ft²↓0.21290751829674%
04/16/2026$751,500@ 387 per ft²↓0.52945069490404%
04/15/2026$755,500@ 389 per ft²↓0.13218770654329%
03/26/2026$756,500@ 390 per ft²↓0.32938076416337%
03/05/2026$759,000@ 391 per ft²Listed
03/05/2026Active
Property For Sale
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MLS: #786295
Source: Central Panhandle Association of REALTORS® MLS
<IMG SRC='https://d37ukvrrv3in12.cloudfront.net/mls/logos/IDX_184_large.png' ALT='IDX'> The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2026 Central Panhandle Association of REALTORS.© All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
View Listing8863 Coral Reef Way, Panama City Beach, FL 32413 is a 2 Bed, 2 Bath, 1,940 Sq Ft, 0.16 Acres, Single Family Home built in 2023.
This property is currently available and was listed by Central Panhandle Association of REALTORS® MLS on 03/05/2026 12:00:00 am. The MLS # for the property is MLS #786295.
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