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8701 Lime Drive

Panama City Beach, FL 32413
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Bed 3

Bed

Bath 4

Bath

Acres0.21

Acre(Lot)

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 microwa ve, 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.

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Detail Ic Property Details

Property Type : Residential

Price : $724,900

AD Id : 76142283

MLS Id : 786805

Beds : 3

Lot Size : 0.21 Acre

Year Built : 2023

Garage : 3

County : Bay

Subdivision: Lullwater Beach

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 4 Full Baths: 3 Half Baths: 1

    Room Information

    Rooms Total: 7

    Roofing Information

    Composition, Shingle
  • Interior Features

    SmartThermostat, HomeTheater
    Roof: Composition, Shingle
    Appliances: ElectricCooktop, ElectricOven, GasWaterHeater, TanklessWaterHeater
    Window Features: DoublePaneWindows
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric, Fireplaces, HeatPump Has Cooling: Yes Cooling: CentralAir, CeilingFans, HeatPump

  • Building Information

    Year Built: 2023
    Building Area Total: 2549
    Construction Materials: HardiplankType, WoodFrame
    Stories: 1
    Patio And Porch Features: Porch, Screened
    Pool Features: Community
    Private Pool: No
  • Exterior Features

    Exterior Features: Porch, RainGutters

  • Lot Information

    Lot Dimensions: 70x131 Main Square Feet: 0.21 Lot Size Acres: 0.21 Lot Size Square Feet: 9,148 Lot Description: SprinklerSystem,Paved

    Property Information

    Subdivision: Latitude at Watersound Source Property Type: Residential MLS Area Minor: 0411 - Bay North - West Bay Zoning Description: Resid Single Family Property SubType: Single Family Residence Levels: One Property Age: 3

  • Listing Price Information

    Listing Price: $724900
    Original Price: $795000

  • Tax Information

    Parcel Number: 32503-350-344 Tax Year: 2025 Annual Tax: $7311 Tax Legal Desc: LATITUDE AT WATERSOUND AREA 1 PHASE 4A LOT 4172 ORB 4732 P 131

  • Parking Information

    Garage, GarageDoorOpener

    Garage Information

    Has Garage: Yes Garage Space: 3

    Homeowners Association Information

    Has Association: Yes
    Association Amenities: Gated, SpaHotTub
    Community Features: BasketballCourt, BusinessCenter, FitnessCenter, Gated, MediaRoom, Pool, TennisCourts, Waterfront, ShortTermRentalAllowed

  • School Information

    Elementary School: West Bay Junior High School: Surfside Senior High School: Arnold
  • Utility Information

    CableConnected, ElectricityAvailable, UndergroundUtilities
  • Location Information

    Direction: Hwy 98 to North on Hwy 79 to left on West Bay Parkway, follow to 2nd gated entrance on the left (Coral Reef Way) to left on Cheeseburger Dr. to right on Lime Dr. to home on the left. Security Features: CarbonMonoxideDetectors,SmokeDetectors
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/11/2026 @ 20:01

MLS: 786805 LISTED BY: Sheryl Lewis, Coldwell Banker Realty 850-234-6696 SOURCE: CPAR

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