8799 Coral Reef Way, Panama City Beach, FL 32413
Local realty services provided by:Better Homes and Gardens Real Estate Historic
Listed by: laura a calhoun
Office: compass florida, llc.
MLS#:777668
Source:FL_BCMLS
Price summary
- Price:$799,000
- Price per sq. ft.:$333.75
About this home
Under contract; Welcoming Acceptable Backup Offers Perfectly positioned on a $90K premium west-facing water view lot, this Cabana Bay model captures sweeping sunsets over a tranquil pond and preserve. Thoughtfully designed with three bedrooms, two-and-a-half baths, a dedicated custom office, and an extended, enclosed lanai, this home is enhanced by $180K in carefully curated upgrades. It appraised for $877K in October 2024. Surfboards, Televisions, Washer & Dryer, and Ceiling Fixture in Office do not convey.
The kitchen showcases top-tier appliances, a decorative range hood, pull-out drawers, and a walk-in pantry. A vaulted beamed ceiling, built-in gas fireplace, designer grasscloth wallpaper, and custom woven blinds infuse the space with refined coastal charm.
The primary suite is a serene retreat featuring a spa-inspired shower with frameless glass, custom cabinetry, and discreetly integrated safety rails. Additional highlights include a whole-home generator, tankless water heater, lighted medicine cabinets, upgraded bamboo shelving, epoxy-coated garage floor, and front yard landscape uplighting. In the gated ''55 and Better'' Latitude Margaritaville Watersound, residents enjoy a resort-style pool, state-of-the-art fitness center, pickle ball courts, theater, on-site restaurant, dog park, amphitheater, live daily music and much more. Miles of walking and golf cart trails connect the community's phases and Town Center.
Northwest Florida Beaches International Airport, Pier Park entertainment district, a planned public marina, FSU Health Hospital, and a planned lifestyle shopping center offer close proximity to modern conveniences.
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Home facts
- Year built:2023
- Listing ID #:777668
- Added:102 day(s) ago
- Updated:November 26, 2025 at 08:18 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Living area:2,394 sq. ft.
Heating and cooling
- Cooling:CentralAir
- Heating:Central, Electric
Structure and exterior
- Year built:2023
- Building area:2,394 sq. ft.
- Lot area:0.17 Acres
Schools
- High school:Arnold
- Middle school:Breakfast Point
- Elementary school:West Bay
Utilities
- Sewer:Public Sewer, Storm Sewer
Finances and disclosures
- Price:$799,000
- Price per sq. ft.:$333.75
- Tax amount:$6,853 (2024)
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