8701 Lime Drive

Off Market

8701 Lime Drive

Panama City Beach FL 32413

2549 sq. ft.

9148 sq. ft.

Single-Family

Last sold for $650,000

Sheryl Lewis, last sold this property on 02 November 2026 after 233 days on market.

Overview

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Significant price improvement! Must See! Welcome to this exceptional Trinidad Bay home in sought-after Phase 4 of Latitude Margaritaville Watersound, ideally situated on a beautiful private preserve lot along a quiet street comprised exclusively of Island Collection homes. This stunning residence offers thoughtfully designed spaces, extensive post-closing upgrades, and effortless indoor-outdoor living. Step inside through a soaring two-story foyer highlighted by a custom coastal-inspired feature wall that sets the tone for the elegant finishes found throughout the home. The heart of the home is the gourmet kitchen, designed for both everyday living and entertaining, featuring upgraded cabinetry, quartz countertops, custom tile backsplash, designer range hood, wall oven and microwave, and an oversized island perfect for gatherings. The open concept layout flows seamlessly into a spacious dining room with a striking electric fireplace and custom accent wall, while the expansive living room boasts soaring cathedral ceilings and a dramatic wall of sliding glass doors that connect the interior to the outdoor living space. A private den/office offers additional versatility and features a custom built-in bar with cabinetry and wine cooler, perfect for entertaining guests. The luxurious primary suite offers a relaxing retreat with a spa-inspired bath and custom closets, while two additional guest bedrooms each feature their own en-suite baths, providing comfort and privacy for visitors. The custom-designed laundry room is truly exceptional, featuring abundant cabinetry, a laundry sink, a built-in butler's pantry, and an additional refrigerator. Enjoy Florida living on the extended screened lanai overlooking the peaceful preserve, the perfect setting for sunset views and evening cocktails. Outdoor furniture may convey with an acceptable offer. Additional highlights include: • 3-car garage with high-quality workshop • RevWood by Mohawk laminate flooring throughout main living areas • Casablanca ceiling fans and designer lighting throughout • Electronic remote shades • Custom feature walls in foyer and dining room • Higher-level and custom cabinetry throughout the home Many of these impressive upgrades were completed after closing, creating a home that feels truly one-of-a-kind. The property is priced below recent appraised value, presenting an incredible opportunity. Located in the award-winning Latitude Margaritaville Watersound, residents enjoy world-class amenities including a private restaurant and bar, resort-style Paradise Pool, state-of-the-art Latitude Town Center, fitness center, pickleball and tennis courts, Barkaritaville Dog Park, live entertainment at the Bandshell, theater, wood-working shop, ceramics studio, walking and biking trails, and a full calendar of concerts, events, and social clubs. Exciting growth continues nearby with a new hospital under construction and future commercial development including a Publix grocery store and additional shopping and dining options. And best of all, the white sugar-sand beaches of the Gulf are just 7 miles away. Experience the best of coastal resort living in Latitude Margaritaville Watersound, where every day feels like a vacation.

Features

3 bedrooms

4 bathrooms

3 carspaces

3 garage spaces

2549 sq. ft. floor area

9148 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Panama City Beach over the last 12 months, the estimated median property value of 8701 Lime Drive is $590k.

Median value

$590k

Estimated value range

$210k - $3.57m

Median days on market

Estimated value trend

-2%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Panama City Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 8701 Lime Drive

2026

Sold

$650,000

02 Nov 2026 by Sheryl Lewis, of Coldwell Banker Realty

2024

Sold

$750,000

26 Apr 2024 by Tammy Philpot, of Coldwell Banker Realty

Happy sellers in Panama City Beach

80%

80% of sellers in Panama City Beach reported that their sale price either exceeded or met their price expectations.

Panama City Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 21 reviews in Panama City Beach over the last 12 months.

Local market activity for 3 bedroom single-family properties in Panama City Beach

In the last 12 months, 316 three-bedroom single-family properties similar to 8701 Lime Drive, have been sold.

This represents a 12% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Panama City Beach for a market analysis.

Beth Mulvey

at Beach House Sales and Development

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at Realty ONE Group Emerald Coast | Panama City

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Matthew Jones

at Coastal Heritage Real Estate LLC

4.9

(25 reviews)

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Michele Bailey

at Compass

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Panama City Beach

Beth Mulvey

Sellers who recommend Beth Mulvey have praised them for being local expert, responsive, clear communication, supportive, detail-oriented, friendly, and dedicated

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Britta Kepple is a recommended agent for Panama City Beach. They have collected 5 local reviews across the last 12 months.

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Michele Bailey

Michele Bailey is an award winning recommended agent for Panama City Beach. They have 6 local sales and collected 4 local reviews across the last 12 months.