Features & Amenities

Interior

  • Total Bedrooms

    2

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Electric, Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Pool

    Yes

  • Pool Features

    Gas Heat, In Ground, Screen Enclosure, Salt Water, Private

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.16

  • Property Type

    Residential

  • Property Sub Type

    SingleFamilyResidence

  • Architectural Style

    Traditional

Price

  • Sales Price

    $759,000

  • Tax Amount

    $6,849

  • Sq. Footage

    1, 940

  • Price/SqFt

    $391

HOA

  • Association

    Yes

  • Association Fee Includes

    N/A

School District

  • Elementary School

    West Bay

  • Middle School

    Surfside

  • High School

    Arnold

Property Features

  • Association Amenities

    Picnic Area

  • Senior Community YN

    YES

  • Sewer

    Public Sewer

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Location

County

Bay

Elementary School

West Bay

Middle School

Surfside

High School

Arnold

Listing Courtesy of Robert McGuigan , Watersound Real Estate

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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.

8863 Coral Reef Way

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Related Properties

New on site today
Welcome to 2527 Pelican Bay Drive, a beautifully designed 5-bedroom, 3-bathroom custom home offering 3,164 square feet of thoughtfully designed living space in the highly desirable Pelican Bay community.  
     Framed by mature, lush landscaping and meticulously cared for by just two owners, this home makes a striking first impression with soaring living room ceilings and timeless engineered hardwood flooring. The kitchen blends beauty and function, featuring white cabinetry, dark granite countertops, a gas range, a large stainless-steel sink, and custom pantry shelving with pull-out drawers that offer convenient, effortless organization.
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     Pelican Bay is a desirable community located near Bay Point and just minutes from Publix, local dining favorites, and shopping. You are also a short drive to the sugar-white sands of Panama City Beach and the natural beauty of St. Andrews State Park. HOA dues include common area landscaping, access to the community pool, hot tub, pool house amenities, and dock.
     This is more than a home, it is space, privacy, and lifestyle all in one.
#786526

Panama City Beach

2527 Pelican Bay Drive

5 Beds

3 Baths

3,164 Sq.Ft.

$630,000

MLS#: 786526

New on site today
Welcome to 2527 Pelican Bay Drive, a beautifully designed 5-bedroom, 3-bathroom custom home offering 3,164 square feet of thoughtfully designed living space in the highly desirable Pelican Bay community.  Framed by mature, lush landscaping and meticulously cared for by just two owners, this home makes a striking first impression with soaring living room ceilings and timeless engineered hardwood flooring. The kitchen blends beauty and function, featuring white cabinetry, dark granite countertops, a gas range, a large stainless-steel sink, and custom pantry shelving with pull-out drawers that offer convenient, effortless organization.The first floor offers both flexibility and comfort. A guest bedroom or private office sits alongside a full bath, plus additional storage tucked beneath the staircase. You will also enjoy a formal dining space and a designated eat-in kitchen area, ideal for hosting or everyday living. The spacious primary suite is conveniently located downstairs, overlooking a serene backyard with no rear neighbors. The ensuite bath offers a double vanity, soaking tub, oversized walk-in closet with a custom storage system, and plenty of room to unwind.

Upstairs, three additional bedrooms and a full bath provide space for family or guests. One of the upstairs bedrooms is exceptionally spacious (20x30), offering incredible versatility. This room can easily serve as a guest suite while also functioning as a home gym, children's playroom, media room, or creative studio. Just off the bedroom is a generous private balcony (28x12) that overlooks the lush, natural landscaping of the backyard, creating a peaceful outdoor retreat.

Recent updates add both value and peace of mind, including fresh exterior paint, two HVAC systems installed in 2022, a 2018 water heater, newly installed impact-resistant windows on the north side, new roof (2018), and a 10KW Generac generator. The home is also wired for indoor and outdoor surround sound, enhancing everyday living and entertaining alike.

Step outside to discover a truly private backyard retreat. Beyond the fence lies a protected DEP conservation area, ensuring permanent privacy with no future development behind you. The expansive screened-in porch and privacy-fenced yard create the perfect setting for relaxing evenings or weekend gatherings. Located in flood zone X, no flood insurance is required for this property.

Pelican Bay is a desirable community located near Bay Point and just minutes from Publix, local dining favorites, and shopping. You are also a short drive to the sugar-white sands of Panama City Beach and the natural beauty of St. Andrews State Park. HOA dues include common area landscaping, access to the community pool, hot tub, pool house amenities, and dock.

This is more than a home; it is space, privacy, and lifestyle all in one.
#997459

Panama City Beach

2527 Pelican Bay Drive

5 Beds

3 Baths

3,164 Sq.Ft.

$630,000

MLS#: 997459

New on site today
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Located in Phase 6A, this beautifully upgraded Barbuda Bay Villa from the Caribbean Collection offers 2 bedrooms, a flexible den, private pool, and 1,793 square feet of thoughtfully designed living space. Situated on a premium homesite, this never-rented, pet-free home combines low-maintenance living with elevated finishes and exceptional privacy.

Inside, natural light fills an open living space intentionally designed for gathering. The kitchen anchors the home with a breakfast bar island, quartz countertops, upgraded cabinetry, designer backsplash, and KitchenAid stainless appliances -- equally suited for casual mornings or hosting new neighbors after an evening concert in Town Square. Crown molding, 8-foot doors, and recessed lighting add warmth and character, while hurricane impact windows and doors provide security and peace of mind.

The outdoor space is what truly sets this home apart. A private heated saltwater pool backing up to a serene  preserve creates a personal retreat -- a place for morning coffee, afternoon relaxation, or visiting family to enjoy their stay just a little longer.
The primary suite offers comfort and separation from guest accommodations, while the additional bedroom and den provide flexibility for visitors, hobbies, or a home office. The two-car garage features epoxy floors, utility sink, and dedicated 20 amp outlet, complementing the home's low-maintenance, lock-and-leave design.

Beyond the front door, Latitude Margaritaville delivers a resort-inspired lifestyle: live music, fitness classes, pickleball and tennis courts, on-site dining, clubs, arts and woodworking studios, walking trails, and neighbors who quickly become friends. Daily activities and events create a calendar you can participate in as much -- or as little -- as you choose.

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Coveted Gulf-Front, 2nd-Floor, 3BR/3BA at Shores of Panama!  Just one flight of stairs gets you to the pool deck and beach entrance!  Same floor garage parking!

Enjoy stunning Gulf views from this spacious 3 Bedroom, 3 Bathroom condo at the highly sought-after Shores of Panama Resort in the heart of Panama City Beach. This low floor, well-appointed unit is allowed to sleep 10 and is offered mostly furnished and rental-ready -- perfect as a vacation home or investment property.  

Located on the convenient 2nd floor, near the stairwell for easy access to the beach, pool, hottub, and tiki huts! This condo features updated kitchen appliances, LVP flooring, and remote-controlled shades on the sliding glass doors for added comfort, privacy, and ease. The HVAC was replaced in 2021.  The private balcony overlooks the beach and emerald waters of the Gulf of Mexico. A dedicated 2nd level parking space is also included.  BONUS!  This unit comes with a large exterior storage unit just outside the front door adding convenience for beach gear and owner storage. There are only 23 condos out of the 700+at SOP that have this additional deeded storage unit!

Shores of Panama offers nearly 500 feet of Gulf-front beach access and an impressive list of amenities, including a 14,000 sq. ft. lagoon-style pool, indoor heated pool and hot tub, sauna, steam room, fitness center, tiki bars, coffee shop, and covered garage parking.

The resort is currently completing exterior improvements, enhancing both the appearance and long-term value of the property.

Ideally located next to Pineapple Willy's and close to shopping, dining, and local attractions.

Photos available by 3/7, then easy to show!  All information to be verified by Buyer if important.
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Panama City Beach

9900 S Thomas Drive 231

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1,400 Sq.Ft.

$659,000

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New on site 1 day ago
Motivated seller will consider seller finance! 
Beautiful 3 Bedroom, 2 bath Gulf front condo located on the 22nd floor in Tower II of Majestic Beach Resort with breathtaking views of the Gulf of Mexico.  This spacious 1,535 sq. ft. unit features a large private balcony, perfect for enjoying stunning sunsets.  The living area offers new furnishings, a queen sleeper sofa, an 85-inch TV, and floor-to-ceiling windows overlooking the Gulf. The fully equipped kitchen features modern appliances, ample cabinetry, and plenty of space for cooking and entertaining.   The primary suite includes a king bed, balcony access, and a private bath with jetted tub and walk-in shower.  The second bedroom features a king bed, private balcony overlooking Front Beach Road, and a full bath.  The third bedroom includes a full-size bed.  The condo also offers a fully equipped kitchen with modern appliances and a large laundry room.  Majestic Beach Resort amenities include five pools (three outdoor and two indoor heated), poolside bar & grill, Majestic Market with Starbucks, movie theater with stadium seating, tennis and pickleball courts, fitness center, covered parking, and high-speed elevators.
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Panama City Beach

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3 Beds

2 Baths

1,535 Sq.Ft.

$779,000

MLS#: 786508

These 3 bedrooms and 2 bathroom is decorated beautifully with top of the line of furnishings. There is luxury vinyl plank flooring through-out the unit and tile in the laundry rooms and bathrooms. The bathrooms also have cultured marble and quartz countertops. The kitchen is equipped with quartz countertops, stainless steel appliances, and an upgraded backsplash. You will have access to the oversized balcony from the living room and primary bedroom. Amazing views of the sugar sand beaches of the Gulf Coast! Tower III offers an amazing pool that is heated in the cooler months and color changing, a hot tub, tiki hut, on-site restaurant with al fresco dining and a fire pit!
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Panama City Beach

15928 Front Beach Road 3-402

3 Beds

2 Baths

1,321 Sq.Ft.

$675,000

MLS#: 778074

New on site 3 days ago
Great opportunity on the quiet West End of Panama City Beach - just 3 blocks from the beach and perfectly positioned for a strong short-term rental or personal getaway.

This beach house offers a projected annual gross rental income of $54,000-$78,000 and has been thoughtfully expanded with an additional 700 square feet by converting the adjacent garage into a fully functional living space. The new addition includes 1 Bedroom, a Full Bathroom, a Bunk room, and a Full Living room, creating a separate guest suite that adds flexibility and increased rental potential.

The main home features 2 Bedrooms and 2 Full Bathrooms, providing comfortable coastal living in a peaceful area while still being close to the beach and everything PCB has to offer.

If you're looking for a turnkey investment or beach retreat with great income potential, this property is worth a look. Reach out today to schedule a showing.
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Panama City Beach

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3 Beds

3 Baths

1,835 Sq.Ft.

$640,000

MLS#: 786385

New on site 3 days ago
PHASE 3 - TRINIDAD BAY -  POND VIEW - Brand new and never lived in, this highly sought-after Island Collection Trinidad Bay floorplan is move-in ready and located on one of the most desirable lots in the community. The home features 3 bedrooms plus a den/optional 4th bedroom, 3.5 bathrooms, and sits on an oversized pond-front homesite with space for a future pool.

Ideally located close to the community amenities and the Intracoastal Waterway, this property offers both convenience and scenic water views. The home includes numerous high-end upgrades such as wood-look tile throughout, gas cooktop, and a spacious, open layout designed for luxurious and comfortable living and entertaining. 

Located in Latitude Margaritaville Watersound, an active adult community just minutes from the Panama City Beach airport, offering resort-style amenities including a private restaurant with three bars, resort pool, live entertainment 7 days a week, pickleball, bocce ball, cornhole, putting green, Fins Up Fitness Center, indoor lap pool, and whirlpool spa, along with a full lifestyle program and daily activities.  Enjoy the newest amenities such as the full size theatre, Barkaritaville dog spa, woodworking shop, pottery room, business center, and community rooms for clubs and gatherings. The community also features expanding retail with a golf cart store and bank currently open, with Publix just breaking ground and many services and restaurants planned.
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Panama City Beach

8490 Landshark Boulevard

3 Beds

3 Baths

2,549 Sq.Ft.

$899,000

MLS#: 786399

New on site 3 days ago
Welcome to 21604 Dolphin Ave, located in Sunnyside on the West end of Panama City Beach. This quaint, beautifully crafted, brand-new construction offers the perfect blend of modern design and durability. Featuring 3 bedrooms, 3 bathrooms (each bedroom having its own ensuite) and a single-car garage, this thoughtfully designed property is ideal as a primary residence, vacation home, or high-performing short-term rental.
Inside, you'll find luxury vinyl plank flooring throughout, creating a seamless and low-maintenance living space. The open living room/kitchen combo area provides an inviting space to spend time together with family and friends to simply hang out, cook for a night ''in,'' or to watch sports, movies, or binge on Netflix. The kitchen showcases white shaker cabinetry with soft-close drawers and doors, quartz counter tops with  generous counter space, and two spacious walk-in pantries, one perfectly suited as an owner's closet for those considering a vacation rental setup.

The primary suite offers a spa-like retreat with a walk-in tiled shower and double-sink vanity and huge walk-in closet. The second bedroom features a bath with double sinks and a shower/bath combo for families who enjoy a bath or need one for bathing children. The third bedroom features a bathroom with a walk-in shower. Ceiling fans in every bedroom and in the living room provide comfort year-round.

Step outside to your own oasis with a beautiful gunite pool adorned with pavers, a covered porch for plenty of shade, and complete privacy with the 8-foot fence in the back and 6-foot fence on the sides. This is the perfect spot to relax after a beach day, entertain guests, or to accommodate pets with grass on both sides of the house.
Location. Location. Location. This home hits the mark! Situated just a couple of blocks and just a few minute walk from the sugar-white sands of the Gulf, it's perfectly positioned between the charm of 30A and the energy of Panama City Beach. Spend your days exploring nearby favorites like Rosemary Beach, Alys Beach, and Seaside, dining at local hotspots like Shades Bar & Grill, George's at Alys Beach, and The Big Chill, and shopping and entertainment at Pier Park.

With its prime location, durable construction to include a metal roof adding long-term value and coastal resilience, along with hurricane rated windows, and thoughtful layout for vacation rental use, this property presents an outstanding opportunity for strong short-term rental income potential while still serving as a beautiful coastal retreat.

Come experience the best of the Emerald Coast lifestyle at 21604 Dolphin Ave.
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Panama City Beach

21604 Dolphin Avenue

3 Beds

3 Baths

1,528 Sq.Ft.

$749,900

MLS#: 786438

New on site 4 days ago
Great opportunity on the quiet West End of Panama City Beach - just 3 blocks from the beach and perfectly positioned for a strong short-term rental or personal getaway.This beach house offers a projected annual gross rental income of $54,000-$78,000 and has been thoughtfully expanded with an additional 700 square feet by converting the adjacent garage into a fully functional living space. The new addition includes 1 Bedroom, a Full Bathroom, a Bunk room, and a Full Living room, creating a separate guest suite that adds flexibility and increased rental potential.The main home features 2 Bedrooms and 2 Full Bathrooms, providing comfortable coastal living in a peaceful area while still being close to the beach and everything PCB has to offer.
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Panama City Beach

21401 Hilltop Avenue

3 Beds

3 Baths

1,835 Sq.Ft.

$640,000

MLS#: 997104

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