$575,000
$59K PRICE DROP

Hibiscus by the Bay 6504 Bridge Water Way Unit PH-3 Panama City Beach, FL 32407

Upper Grand Lagoon Neighborhood

Estimated payment $5,154/month

Total Views 29,576
4 Beds
3 Baths
2,908 Sq Ft
$198 Price per Sq Ft

Highlights

  • Waterfront
  • Boat Dock
  • Bay View
  • J.R. Arnold High School Rated A-
  • In Ground Pool
  • Gated Community

About This Home

***LARGE 4 BEDROOM 3 BATH BAY FRONT PENTHOUSE *** HIBISCUS BY THE BAY is one of the most beautiful and unique waterfront developments in our area with luxury living overlooking St. Andrews Bay. This beautiful spacious condo has almost 3000 square foot and a large balcony to enjoy amazing views of St. Andrews Bay. Condo features new sliding glass doors, double pane windows, beautiful porcelain tile flooring, new carpet in additional bedrooms. Kitchen has granite counters, newer appliances with Viking stove and dishwasher, Samsung double door refrigerator and a moveable Island. Large master bedroom has tray ceiling, double vanity, huge walk-in closet and bay front balcony. Gated residential community offers private owners lounge. pool, hot tub, tennis/pickleball, fitness center, grills and picnic area. Hibiscus by the Bay has freshly painted building, balconies, and breezeways. Boat lovers: boat slips and garage spaces are available for sale and rent. Come take a look at this amazing condo today. All dimensions are approx.

Listing Agent

Cindy Armstrong Karr

Berkshire Hathaway HomeServices Beach Properties of Florida License #0615108 Listed on: 06/05/2025

Berkshire Hathaway HomeServices Beach Properties of Florida

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,689

Year Built

  • Built in 2005

HOA Fees

  • $1,532 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Metal Roof
  • Stucco

Interior Spaces

  • 2,908 Sq Ft Home
  • Ceiling Fan
  • Recessed Lighting
  • Living Room

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

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

Community Details

Overview

  • Association fees include cable TV, insurance, legal/accounting, pest control, recreation facilities, sewer, trash, water
  • High-Rise Condominium
  • Hibiscus By The Bay Subdivision
  • 12-Story Property

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Elevator

Recreation

  • Park

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,689

Year Built

Built in 2005

Lot Details

0

HOA Fees

$1,532 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Property Sub Type: Condominium
  • Lot Size: 000
  • Subdivision Name: Hibiscus By The Bay
  • Architectural Style: High Rise
  • Entry Level: 12
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer
  • Interior Amenities: Breakfast Bar, Tray Ceiling(s), Kitchen Island, Pantry, Recessed Lighting
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Living Area: 2908.0
  • Dining Room Type: Bedroom, Living Room, Primary Bedroom
  • Stories: 12

Exterior Features

  • Pool Features: In Ground, Pool, Community
  • View: Bay
  • View: Yes
  • Waterfront Features: Bay Access, Boat Dock/Slip, Dock Access, Waterfront
  • Waterfront: Yes
  • Construction Type: Stucco
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony
  • Roof: Metal

Garage/Parking

  • Parking Features: Parking Lot
  • Garage: No

Utilities

  • Utilities: Cable Connected
  • Security Features: Gated Community
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 1532.06
  • Community Features: Barbecue, Boat Slip, Clubhouse, Dock, Elevator, Fitness Center, Park, Pickleball, Recreation Area, Sidewalks, Tennis Court(s), Waterfront, Gated, Pool
  • Amenities: Gated
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Cable TV, Insurance, Legal/Accounting, Pest Control, Recreation Facilities, Sewer, Trash, Water

Schools

  • Middle Or Junior School: Breakfast Point

Lot Info

  • Lot Features: Waterfront
  • Zoning Description: Resid Multi-Family

Rental Info

  • Furnished: Unfurnished

MLS Schools

  • Elementary School: Breakfast Point
  • High School: Arnold

Map

About Hibiscus by the Bay

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $5,689 $680,680 -- $680,680
2023 $5,689 $490,895 $0 $0
2022 $5,112 $476,597 $0 $0
2021 $5,136 $462,716 $0 $0
2020 $5,132 $523,600 $0 $0
2019 $5,068 $467,500 $0 $0
2018 $5,047 $437,750 $0 $0
2017 $5,085 $437,750 $0 $0
2016 $5,337 $450,000 $0 $0
2015 $5,890 $431,838 $0 $0
2014 $5,215 $392,580 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 Price Changed $575,000 -0.7% $198 / Sq Ft
07/18/2025 07/18/25 Price Changed $579,000 -3.3% $199 / Sq Ft
07/02/2025 07/02/25 Price Changed $599,000 -5.5% $206 / Sq Ft
06/05/2025 06/05/25 For Sale $634,000 -- $218 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $450,000 Attorney
Warranty Deed $420,000 Stewart Title Company
Special Warranty Deed $818,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $478,500 Fannie Mae Freddie Mac
Source: Public Records

About the Listing Agent

Cindy Armstrong Karr
Cindy Armstrong Karr

Berkshire Hathaway HomeServices Beach Properties of Florida

(850) 608-0124

Section Image

In 2000, I became a Realtor in Beautiful Florida's Emerald Coast. Most of my experience is working with Buyers and Sellers. Primary Homes, Second Homes and Investment Properties. Previously, I was in the Property Management / on site Real Estate Sales with Condominiums. Background in HOA's and Rentals.

Customer satisfaction with all aspects of Buying and Selling is my #1 goal.

I have been Chairman of Communications for Bay County Association of Realtors, 2014 Chair of the

View Cindy's Profile

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Source: Central Panhandle Association of REALTORS®

MLS Number: 774466

Central Panhandle Association of REALTORS®

APN: 27345-200-139

Florida Bay County Panama City Beach 32407 Upper Grand Lagoon

6504 Bridge Water Way Unit PH-3, Panama City Beach, FL

This home is located at 6504 Bridge Water Way Unit PH-3, Panama City Beach, FL 32407 and is currently priced at $575,000, approximately $197 per square foot. This property was built in 2005. 6504 Bridge Water Way Unit PH-3 is a home located in Bay County with nearby schools including Breakfast Point Academy, J.R. Arnold High School, and St. Bernadette Catholic School.

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.

Central Panhandle Association of REALTORS® 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.

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Cindy Armstrong Karr
Cindy Armstrong Karr
Listing Agent Section Image
Berkshire Hathaway HomeServices Beach Properties of Florida
(850) 608-0124