8863 Coral Reef Way, Panama City Beach, FL 32413

• 2 beds |
• 2 baths |
• 1,940 sqft

Property Description

PARROT - 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 Status:

Active

Date Added:

March 5, 2026

Data Last Updated:

April 4, 2026 at 8:18PM

Listing Office:

Watersound Real Estate : 850-231-6531

MLS ID:

786295

Interior

• A/C: Central Air
• Heating: ElectricHeat Pump

Exterior

• Style: Traditional
• Pool: Gas HeatIn GroundScreen EnclosureSalt WaterPrivate

Location

• HOA Amenities: Business CenterPicnic Area
• Originating MLS: CPAR_CPAR
• County: Bay

Lot

• Zoning: LATITUDE AT WATERSOUND AREA 1 PHASE 4B LOT 446332503-400-292

Utilities

• Utilities: Electricity Available
• Sewer: Public Sewer

Financial

• Source: CPAR_CPAR