$325,000
SOLD AUG 6, 2025

Hibiscus by the Bay 6504 Bridge Water Way Unit Tower 2 Unit 505 Panama City Beach, FL 32407

Upper Grand Lagoon Neighborhood
2 Beds
2 Baths
1,447 Sq Ft
$735/mo HOA Fee

Recently Sold

$225 Per Sq Ft

16% Below List Price

43 Days on Market

Highlights

  • Home fronts a seawall
  • In Ground Pool
  • Gated Community
  • J.R. Arnold High School Rated A-
  • Bay View
  • Clubhouse

About This Home

As of August 2025

HUGE Price Adjustment!!! BEST Price for Waterfront propety!! Welcome to Hibiscus By The Bay.. your perfect waterfront retreat! This beautifully maintained 2-bedroom, 2-bath condo is located in this very desirable boating community. Step out onto your large private balcony and take in the stunning vistas of the Grand Lagoon--perfect for morning coffee and gorgeous sunrises. Wait until you see the moon over the bay as well as the lights of Hathaway Bridge!! The open-concept living space is filled with natural light and designed for comfort and relaxation. The split-bedroom layout ensures privacy for friends or family. Kitchen has very pretty granite countertops. All appliances to remain although the remaining unit is being sold unfurnished so you can enjoy decorating in your favorite coastal theme. This community has recently been repainted outside and new Cat 5 hurricane-resistant sliding doors installed in all units. This luxurious community is centrally located, just minutes to beaches, St Andrews Park, dining, shopping and so much more. Hibiscus by the Bay is a boaters dream community. Great fishing, enjoy riding the Intracoastal Waterway and only minutes to Shell Island by boat. Boat slips can available as well as storage units. This security gated community gives you peace of mind and also offers many amenities including resort-style pool, tennis courts, fitness center and water front boardwalk and so much more. Whether you're looking for a vacation getaway or a full-time residence, you do not want to miss out on the peaceful non-short term rental community.

Last Agent to Sell the Property

Janice Wester

Beachy Beach Real Estate License #3581482 Listed on: 06/12/2025

Beachy Beach Real Estate

Last Buyer's Agent

Mario Gobel

RE/MAX Freedom License #0647660

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,605

Year Built

  • Built in 2005

Lot Details

  • Landscaped

HOA Fees

  • $735 Monthly HOA Fees

Parking

  • Parking Lot

Property Views

Home Design

  • Stucco

Interior Spaces

  • 1,447 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Stacked Washer and Dryer

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Home Security

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
  • High Speed Internet

Community Details

Overview

  • Association fees include clubhouse, cable TV, insurance, internet, legal/accounting, ground maintenance, pest control, pool(s), security, trash, water
  • High-Rise Condominium
  • Hibiscus By The Bay Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Game Room

Recreation

Security

  • Gated Community
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,605

Year Built

Built in 2005

Lot Details

0

HOA Fees

$735 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Property Sub Type: Condominium
  • Lot Size: 0
  • Subdivision Name: Hibiscus By The Bay
  • Architectural Style: High Rise
  • Entry Level: 5
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Interior Amenities: Breakfast Bar, Split Bedrooms
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Living Area: 1447.0
  • Dining Room Type: Bedroom, Living Room, Primary Bedroom

Exterior Features

  • Pool Features: In Ground, Pool, Community
  • View: Bay, Lagoon
  • View: Yes
  • Waterfront Features: Bay Access, Seawall
  • Waterfront: Yes
  • Construction Type: Concrete, Stucco
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: Parking Lot
  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Association Fee: 2204.0
  • Community Features: Barbecue, Clubhouse, Game Room, Tennis Court(s), Waterfront, Gated, Pool
  • Amenities: Game Room, Gated
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Clubhouse, Cable TV, Insurance, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Security, Trash, Water

Schools

  • Middle Or Junior School: Breakfast Point

Lot Info

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

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 4605.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Breakfast Point
  • High School: Arnold

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 Sold $325,000 0.0% $225 / Sq Ft
07/25/2025 07/25/25 Pending -- -- --
07/22/2025 07/22/25 Price Changed $325,000 -15.6% $225 / Sq Ft
06/12/2025 06/12/25 For Sale $385,000 -- $266 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Janice Wester

    Seller's Agent in 2025

    Janice Wester

    Beachy Beach Real Estate

    (229) 869-8822

    1 in this area

    3 Total Sales

    Section Image
  • Mario Gobel

    Buyer's Agent in 2025

    Mario Gobel

    RE/MAX

    (850) 527-5878

    18 in this area

    146 Total Sales

    Section Image
See All Agents

About Hibiscus by the Bay

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 775077

Central Panhandle Association of REALTORS®

Florida Bay County Panama City Beach 32407 Upper Grand Lagoon

6504 Bridge Water Way Unit Tower 2 Unit 505, Panama City Beach, FL

This home is located at 6504 Bridge Water Way Unit Tower 2 Unit 505, Panama City Beach, FL 32407 and is currently priced at $325,000, approximately $224 per square foot. This property was built in 2005. 6504 Bridge Water Way Unit Tower 2 Unit 505 is a home located in Bay County with nearby schools including J.R. Arnold High School, Breakfast Point Academy, 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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