OPEN THU 11AM - 2PM
$19K PRICE DROP
6500 Bridge Water Way Unit 401 Panama City Beach, FL 32407
Upper Grand Lagoon NeighborhoodEstimated payment $4,641/month
Total Views
1,921
3
Beds
2.5
Baths
2,022
Sq Ft
$282
Price per Sq Ft
Highlights
- Waterfront
- Boat Dock
- Fishing
- J.R. Arnold High School Rated A-
- In Ground Pool
- Bay View
About This Home
Luxury Waterfront Living in a Gated Marina Community - Hibiscus By The Bay! in a beautifully updated end-unit at Hibiscus By The Bay! This spacious 3-bedroom, 2.5-bath condo offers 2,022 square feet of thoughtfully designed living space overlooking St. Andrews Bay. Located in a private, gated community with only 70 units per building, this residence provides the perfect blend of peaceful living and convenient access--just minutes to the beach, dining, and shopping, but tucked away from the high-traffic areas.Step inside and you will find extensive upgrades throughout this spacious condo that feels like home. The kitchen features custom all-wood white shaker cabinetry, quartz countertops, LG stainless appliances (updated in January, 2023 include - side-by-side refrigerator with dual ice makers, air fryer range, 3-rack dishwasher, microwave), and pantry with solid wood shelving. Flooring has been updated throughout with luxury vinyl plank. The foyer, living/dining area, guest and half baths, kitchen, and storage areas all received new flooring and base molding. All three bedrooms feature new LVP flooring.The guest bath has been completely reimagined with a custom walk-in shower featuring a one-piece quartz base with linear drain, porcelain tile surround, and a semi-frameless glass door with barn-style rollers. Both full bathrooms include new toilets, vanities with quartz tops, new lighting, exhaust fans, mirrors and under-cabinet lighting in the master bathroom. The primary suite boasts a walk-in closet with built-in wood shelving and a sixteen-drawer storage unit.Additional updates include new ceiling fans, updated light fixtures in key living areas, and fresh finishes throughout. The entire complex has undergone approximately $5.5 million in improvements based on SIRS, including Category 5-rated sliding glass doors, refinished balconies and walkways, and a new fire protection system. HOA fees were lowered in January, 2025. Community amenities are extensive and well-maintained: HOA fees cover Firedog cable TV and internet, water, garbage, lawn maintenance, pool and hot tub, covered dining deck with gas grills, a 500-foot fishing pier, 24-hour fitness center, community room, library/conference room, secure mail delivery, sports courts (tennis, pickleball, basketball), car and boat wash area, kayak/paddleboard launch, and bike storage. Garages and boat slips are available for purchase when offered by other owners.Rental-restricted (no short-term rentals), Hibiscus By The Bay is ideal for those seeking a more relaxed and residential coastal lifestyle. From the private balcony, enjoy daily sunrises over the bay, dolphins playing in the water, and nighttime views of the pier lights and Hathaway Bridge. All information is deemed accurate but should be verified by the buyer and/or buyer's agent if important. Schedule your private showing today!
Open House Schedule
-
Thursday, August 07, 202511:00 am to 2:00 pm8/7/2025 11:00:00 AM +00:008/7/2025 2:00:00 PM +00:00Join your host, Matt Keaton, to tour this amazing Bayfront, Corner Unit at Hibiscus on the Bay! Contact Matt at 423-618-8806 for gate code.Add to Calendar
-
Thursday, August 14, 202511:00 am to 2:00 pm8/14/2025 11:00:00 AM +00:008/14/2025 2:00:00 PM +00:00Join your host, Matt Keaton, to tour this amazing Bayfront, Corner Unit at Hibiscus on the Bay! Contact Matt at 423-618-8806 for gate code.Add to Calendar
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,460
Year Built
- Built in 2005
Lot Details
- Security Fence
- Landscaped
HOA Fees
- $1,037 Monthly HOA Fees
Parking
- Parking Lot
Interior Spaces
- 2,022 Sq Ft Home
- Coffered Ceiling
- Ceiling Fan
- Recessed Lighting
- Plantation Shutters
- Living Room
- Dining Room
- Bay Views
Kitchen
- Breakfast Bar
- Electric Oven
- Electric Cooktop
- Microwave
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
Laundry
- Dryer
- Washer
Pool
- In Ground Pool
- Fence Around Pool
Outdoor Features
- Balcony
Schools
- Breakfast Point Elementary And Middle School
- Arnold High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Community Details
Overview
- Association fees include management, clubhouse, cable TV, insurance, internet, legal/accounting, ground maintenance, maintenance structure, pool(s), sewer, tennis courts, trash, water
- High-Rise Condominium
- Hibiscus By The Bay Subdivision
Amenities
- Community Barbecue Grill
- Clubhouse
- Elevator
Recreation
- Boat Dock
- Waterfront
- Tennis Courts
- Community Basketball Court
- Community Pool
- Community Spa
- Fishing
Security
- Gated Community
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,460 | $480,250 | -- | $480,250 |
| 2023 | $5,141 | $408,000 | $0 | $408,000 |
| 2022 | $5,269 | $411,400 | $0 | $0 |
| 2021 | $4,525 | $374,000 | $0 | $374,000 |
| 2020 | $4,726 | $396,984 | $0 | $396,984 |
| 2019 | $4,314 | $354,450 | $0 | $354,450 |
| 2018 | $3,907 | $308,975 | $0 | $0 |
| 2017 | $3,698 | $290,275 | $0 | $0 |
| 2016 | $3,859 | $297,500 | $0 | $0 |
| 2015 | $3,966 | $297,500 | $0 | $0 |
| 2014 | $2,396 | $215,688 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/20/2025 07/20/25 | Price Changed | $570,000 | -2.6% | $282 / Sq Ft |
| 07/03/2025 07/03/25 | Price Changed | $585,000 | -0.7% | $289 / Sq Ft |
| 04/24/2025 04/24/25 | For Sale | $589,000 | -- | $291 / Sq Ft |
Source: Central Panhandle Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $440,000 | None Listed On Document | |
| Warranty Deed | $265,000 | Mti Title Ins Agency Inc | |
| Warranty Deed | $558,000 | None Available | |
| Corporate Deed | $525,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $150,000 | New Conventional | |
| Previous Owner | $300,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $420,000 | Fannie Mae Freddie Mac |
Source: Public Records
Similar Homes in Panama City Beach, FL
Source: Central Panhandle Association of REALTORS®
MLS Number: 772473
APN: 27345-200-019
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Nearby Homes
- 6500 Bridge Water Way Unit 405
- 6500 Bridge Water Way Unit 1002
- 6500 Bridge Water Way Unit 102
- 6504 Bridge Water Way Unit Tower 2 Unit 505
- 6504 Bridge Water Way Unit 503
- 6504 Bridge Water Way Unit PH-3
- 6504 Bridge Water Way Unit 606
- 6504 Bridge Water Way Unit PH-2
- 1039 Bay Cir
- 1035 Bay Cir
- 1037 Bay Cir
- 1033 Bay Cir
- 6123 Big Daddy Dr
- 1041 Lighthouse Lagoon Ct
- 1001 Lighthouse Lagoon Ct
- 936 Lighthouse Lagoon Ct
- 933 Lighthouse Lagoon Ct
- 921 Lighthouse Lagoon Ct
- 830 Linda Ln
- 6509 Harbour Blvd
- 6504 Bridge Water Way Unit 3
- 0 Dolphin Harbour Dr Unit N-2
- 205 Sunset Ln
- 6422 U S 98 Unit 203
- 6422 U S 98 Unit 206
- 6422 W Highway 98 Unit 1102
- 6950 U S 98
- 7125 Beachwood Blvd
- 7150 W Highway 98
- 256 Villa Bay Dr
- 1884 Pointe Dr
- 7456 Shadow Lake Dr
- 7471 Shadow Lake Dr
- 7482 Shadow Lake Dr
- 7590 Shadow Lake Dr
- 7110 London St
- 7207 Quail Hollow Dr
- 5505 Sun Harbor Rd Unit 165
- 4459 Ashland Rd
- 2195 Wilkinson St