8634 Coral Reef Way, Panama City Beach, FL, 32413

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

8634 Coral Reef Way, Panama City Beach$399,000

Buyer Closing Credits

$4,738^*

1.25% Loan Amount

Sell Your Home And Save More

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeTownhouse

Attached Garage2 spaces

Year Built2023

MLS #949242

Lot Size0.10 Acres

StatusActive

About 8634 Coral Reef Way

Latitude is an active adult 55+ community, 10 miles from the beach. Drive to Pier Park Shopping, the Panama City Beach airport, in 20 minutes or less. The Bamboo Cottage plan is positioned on a lot off of Margaritaville Blvd and only two streets in on Coral Reef. so entry and exit from your new home is fast and easy. Finishes are standard Builder selections making the home perfect for someone who wishes to select personal finishes for a full-time residence, 2nd home, OR a long-term rental. Latitude is Golf Cart friendly and amenities include a full-service restaurant, fitness facility with an indoor lap pool, resort pool, pickleball and tennis courts, bocce ball, ping-pong, and a putting green. There is also a launch area for kayaking. Builder Warranty in place until 2025.

View More

Property Details

Property Features

Property Information:

• Architectural Style: Florida Cottage
• Year Built: 2023
• Stories: 1
• Living Area: 1,210 SqFt

Listing Office:

• Office Name: Compass
• Office Email: brokerfl@compass.com
• Listing Agent: Linda C Stewart

Interior Features

Interior Information:

• Appliances: Dishwasher, Dryer, Microwave, Self Cleaning Oven, Refrigerator, Ice Maker, Electric Oven, Washer
• Flooring Type: Carpet

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 2

Exterior Features

Exterior Information:

• Private Pool: No

Parking Information:

• Garage Space: 2 spaces
• Attached Garage: Yes

Lot Features

Lot Information:

• Lot: Sidewalk, Survey Available
• Lot Size: 0.10 Acres

School Info

Assigned Schools Information:

• J.R. Arnold High School, Public District Grades 9-12
• Surfside Middle School, Public District Grades 6-8
• Hutchison Beach Elementary School, Public District Grades PK-5

Other

Directions Information:

• Directions: Hwy 79 North then left onto the main entry street. Pass the Sales Center on your right and turn left into the 2nd gated entrance which is Margaritaville Blvd. Turn right onto Coral Reef and go to Weekend Dr. - turn right and the property is immediately on the left.

Price Information

Listing Price Info

Price Summary:

• List Price: $399,000
• Price Per SqFt: $330/SqFt

HOA Fees:

• Amount: $316
• Frequency: Monthly

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

See how this home compares to others in Panama City Beach, FL.

Panama City Beach, FL

City

Med. Sold Price

$477.3K

Med. Price/SqFt

$350

Avg. Days On Market

83

# of Sold Homes

160

8634 Coral Reef Way vs Panama City Beach

15 DAYS ON ROCKET

-68 Days

$399,000

-$78.3K Less

$330/SqFt

-$21 Less

KEY TAKEAWAY

This property is $78.3K less than the Median Sold Price and $21/SqFt less than other homes in Panama City Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: Emerald Coast Association of REALTORS®
• MLS Number: #949242

Listing Office:

• Office Name: Compass
• Office Email: brokerfl@compass.com
• Listing Agent: Linda C Stewart

Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/22/2024, 11:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$2,375

Per Month

Principal & Interest

$1,992

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$316

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,263

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Florida›Bay County›Panama City Beach›32413›8634 Coral Reef Way

This home is located at 8634 Coral Reef Way in Panama City Beach, FL and zip code 32413. This 1,210 square foot home, which was built in 2023, sits on a 0.10 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 08, 2024 and is currently priced at $399,000.

In April 2024 more than 9 listings in Panama City Beach, FL were sold above the asking price. During the same period more than 16 listings were sold at asking price, while more than 135 were sold below. The inventory of homes for sale in Panama City Beach, FL between March 2024 and April 2024 increased by 4.6%. Listings spent 83 days on the market in April 2024, and had a median list price of $477,347 during the same period.

From Rocket Homes Real Estate and based on county public records data.