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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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8701 Lime Dr , Panama City Beach, FL 32413
$699,900
Est. Payment: $3,866.85/mo
3 Bed
4 Bath
2549 Sqft
0.21 Acres
Status: Active Under Contract | Days on site: 190
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BSA2 - B2358,B2358
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Harrison Lilly Team
Owner/Operator

House Description

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.

Highlights

Listed by Sheryl Lewis , 770-316-3334 Coldwell Banker Realty , 850-234-6696. Bay County Association of REALTORS

Property Type

Residential

Lot/Acreage
0.21

HOA Fee

352.89 Monthly

Year Built

2023

County

Bay

Area

04 - Bay County - North

Neighborhood

Latitude at Watersound

Listing ID

786805

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:3
  • ▪ 1/2 Bathrooms:1
Appliances:Electric Cooktop, Electric Oven, Gas Water Heater, Tankless Water Heater
Air Cond:Central Air,Ceiling Fan(s),Heat Pump
Fireplaces:Electric
Other:
  • ▪ Additional:Double Vanity, Main Level Primary, Smart Thermostat, Walk-In Closet(s), Home Theater

Exterior Features

Lot:Sprinkler System,Paved
Lot Dimensions:70x131
Zoning:Resid Single Family
Roof:Composition,Shingle
Others:
  • ▪ Additional:Porch, Rain Gutters
Sewer:Public Sewer
Parking Features:Garage,Garage Door Opener
Principal Interest
$3,867
Taxes
$609
HOA
$353

Home Price

$699,900

Loan Details

30 yrs
7.374%

Down Payment

20%
$139,980
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Monthly Price:
$3,866.85

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $3,866.85 $609.25 $352.89 $4,828.99
Yearly $46,402.16 $7,311.00 $4,234.68 $57,947.84
Total $1,392,064.81 $219,330.00 $127,040.40 $1,738,435.21

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T05:07:46.000Z

© 2026 Bay County Association of REALTORS