8863 Coral Reef Way, Panama City Beach, FL 32413
Local realty services provided by:Better Homes and Gardens Real Estate Historic
Listed by: robert mcguigan, jeremy a mertens
Office: watersound real estate
MLS#:786295
Source:FL_BCMLS
Price summary
- Price:$709,900
- Price per sq. ft.:$365.93
About this home
**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...
Contact an agent
Home facts
- Year built:2023
- Listing ID #:786295
- Added:96 day(s) ago
- Updated:June 10, 2026 at 12:40 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:2
- Living area:1,940 sq. ft.
Heating and cooling
- Cooling:CentralAir
- Heating:Electric, Heat Pump
- Central air:Yes
Structure and exterior
- Year built:2023
- Building area:1,940 sq. ft.
- Lot area:0.16 Acres
- Architectural Style:Traditional
Schools
- High school:Arnold
- Middle school:Surfside
- Elementary school:West Bay
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$709,900
- Price per sq. ft.:$365.93
- Tax amount:$6,849 (2025)
Features and amenities
- Amenities:Picnic Area
- Pool features:Gas Heat, Gunite, InGround, Private, Salt Water
Parking
- Garage:Yes
- Garage spaces:2
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