6500 Bridge Water Way Unit 505 Panama City Beach, FL 32407
Estimated payment $2,892/month
Highlights
- Boat Dock
- Beach
- In Ground Pool
- J.R. Arnold High School Rated A-
- Property Fronts a Bay or Harbor
- Fishing
About This Home
This beautifully furnished 5th-floor condo at Hibiscus by the Bay captures breathtaking views of St. Andrew Bay and the Hathaway Bridge. Positioned perfectly for sunrise, both the living room and primary suite face east and open to a spacious 200 sq. ft. balcony through brand-new hurricane-rated sliding glass doors—the ideal spot for morning coffee or evening relaxation. Inside, the condo blends comfort and style with crown molding, and updated flooring throughout. The kitchen features granite countertops, stainless steel appliances (2021), and abundant cabinetry. The primary suite overlooks the bay and offers a fully remodeled bath complete with a step-in shower, jetted tub, double vanity, and walk-in closet. Additional recent upgrades include a new HVAC (2023), hot water heater (2023), and washer/dryer (2024) for worry-free ownership. Set within a gated 10-acre peninsula with a private marina, Hibiscus by the Bay delivers resort-style living without the short-term rental turnover. Amenities include two pools, tennis and basketball courts, dog-walking areas, a fire pit, 500-ft fishing pier, and a clubhouse. Nearly $7 million in community improvements and reduced HOA fees have solidified Hibiscus as one of Panama City Beach's most desirable bayfront addresses. A peaceful retreat just minutes from the Gulf of America.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,597
Year Built
- Built in 2005
Lot Details
- Property Fronts a Bay or Harbor
HOA Fees
- $735 Monthly HOA Fees
Interior Spaces
- 1,447 Sq Ft Home
- Crown Molding
- Ceiling Fan
- Double Pane Windows
- Dining Room
- Laminate Flooring
- Bay Views
Kitchen
- Electric Oven or Range
- Cooktop
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom on Main
- En-Suite Primary Bedroom
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
Laundry
- Dryer
- Washer
Outdoor Features
- In Ground Pool
- Balcony
Schools
- Breakfast Point Elementary And Middle School
- Arnold High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 27345-200-029
Community Details
Overview
- Association fees include management, master, utilities, recreational faclty, water
- Hibiscus By The Bay Tower 1 Subdivision
- 8-Story Property
Recreation
- Boat Dock
- Community Boat Launch
- Beach
- Community Pool
- Fishing
Additional Features
- Recreation Room
- Gated Community
Map
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 | $2,553 | $247,236 | -- | -- |
| 2023 | $2,553 | $240,035 | $0 | $0 |
| 2022 | $2,295 | $233,044 | $0 | $0 |
| 2021 | $2,300 | $226,256 | $0 | $0 |
| 2020 | $2,295 | $233,240 | $0 | $0 |
| 2019 | $2,606 | $208,250 | $0 | $208,250 |
| 2018 | $2,540 | $199,750 | $0 | $0 |
| 2017 | $2,549 | $199,110 | $0 | $0 |
| 2016 | $2,495 | $191,250 | $0 | $0 |
| 2015 | $2,497 | $186,150 | $0 | $0 |
| 2014 | $2,303 | $171,700 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/27/2025 10/27/25 | Price Changed | $370,000 | -7.5% | $256 / Sq Ft |
| 10/24/2025 10/24/25 | Price Changed | $400,000 | +8.1% | $276 / Sq Ft |
| 10/17/2025 10/17/25 | For Sale | $370,000 | 0.0% | $256 / Sq Ft |
| 06/20/2022 06/20/22 | Off Market | $1,175 | -- | -- |
| 06/20/2022 06/20/22 | Off Market | $1,250 | -- | -- |
| 06/20/2022 06/20/22 | Off Market | $1,250 | -- | -- |
| 02/18/2014 02/18/14 | Rented | $1,250 | 0.0% | -- |
| 02/18/2014 02/18/14 | Under Contract | -- | -- | -- |
| 01/22/2014 01/22/14 | For Rent | $1,250 | 0.0% | -- |
| 07/12/2013 07/12/13 | Rented | $1,250 | 0.0% | -- |
| 07/12/2013 07/12/13 | Under Contract | -- | -- | -- |
| 07/04/2013 07/04/13 | For Rent | $1,250 | +6.4% | -- |
| 07/24/2012 07/24/12 | Rented | $1,175 | 0.0% | -- |
| 07/23/2012 07/23/12 | Under Contract | -- | -- | -- |
| 06/22/2012 06/22/12 | For Rent | $1,175 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $275,000 | Defender T&E Agcy Llc | |
| Warranty Deed | $230,000 | Diamond Title Agency Inc | |
| Special Warranty Deed | $267,900 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | New Conventional | |
| Previous Owner | $214,320 | New Conventional |
Source: Emerald Coast Association of REALTORS®
MLS Number: 987753
APN: 27345-200-029
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