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Back 8799 Coral Reef Way
Off Market

8799 Coral Reef Way

Panama City Beach FL 32413

3
3
2
2394 sq. ft.
7187 sq. ft.
Single-Family
Last sold for $785,000
Laura CalhounLaura Calhoun, last sold this property on 18 May 2026 after 275 days on market.

Overview

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.

Features

3 bedrooms
3 bathrooms
2 carspaces
2 garage spaces
2394 sq. ft. floor area
7187 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 8799 Coral Reef Way is $632.98k.

Median value
$632.98k
Estimated value range
$210k - $5.29m
Median days on market
80
Estimated value trend
-5%
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 8799 Coral Reef Way

2026
Sold
$785,000
18 May 2026 by Laura Calhoun, of Compass Florida, LLC

Happy sellers in Panama City Beach

68%
68% 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 15 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, 270 three-bedroom single-family properties similar to 8799 Coral Reef Way, have been sold.

This represents a 3% decrease in three-bedroom single-family properties sales when compared to the previous 12 months.

Nearby agents

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

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Beth Mulvey

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

  •   5   (113 reviews)
  •  5 Reviews in Panama City Beach
  •  3 Sales in Panama City Beach
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Britta Kepple

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

  •   5   (27 reviews)
  •  5 Reviews in Panama City Beach
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Matthew Jones

Matthew Jones is a recommended agent for Panama City Beach.  They have 15 local sales and collected 4 local reviews across the last 12 months.

  •   4.9   (25 reviews)
  •  4 Reviews in Panama City Beach
  •  15 Sales in Panama City Beach
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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.

  •   5   (21 reviews)
  •  4 Reviews in Panama City Beach
  •  6 Sales in Panama City Beach
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