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Bay 32413
8701 Lime Drive
$650,000
● House - Off Market

8701 Lime Drive

Panama City Beach, FL 32413
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,549 Ft²
$4,399
Est. Monthly
$353
HOA / Fees

About This Property

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.
Unit Size
2,549 Ft²
Days on Market
234 days
Land Size
0.21 acres
Price per sqft
$275
Property Type
House
Property Taxes
$609
HOA Dues
$353
Year Built
-

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Last updated: 11 days ago ( #786805)

Price History

Date / Event Date Event Price
Nov 2, 2026 Sold
Sold
Sep 19, 2026 In contract -
In contract
Aug 1, 2026 Price Decreased $699,900
↓ $25K (3.5%)
Price Decreased
Mar 13, 2026 Listed by Coldwell Banker Realty $724,900
Listed by Coldwell Banker Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 8701 Lime Drive built and last sold?
The property at 8701 Lime Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8701 Lime Drive is $704,707.
What are some comparable homes to 8701 Lime Drive?
There are currently no comparable homes to 8701 Lime Drive.