$365,000
Panama City Beach, FL 32407
MLS# 987753
2 beds | 2 baths | 1447 sqft
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Property Description
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,
Details
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 252.25
List Date: 2025-10-17
Current Price: $365,000
List Price: $365,000
Location, Tax and Legal
Unit #: UNIT 505
Sub Area: 2719 - Beach - East
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Legal Description: HIBISCUS BY THE BAY, A CONDO TOWER I UNIT 505 TYPE C ORB 2667 P 1182 2BR 2B 1446.9 SQ FT ORB 4151 P 1457
General Property Info
Sub-Type: Condominium
Design: N/A
SqFt Source: County PA Records
Stories In Unit: 1
Stories in Building: 8
Unit Floors Above Ground: 5
Garage: No
Carport: No
Pool: Yes
Pool Type: Community
Apx SqFt(Htd/Cooled): 1447
Bedrooms: 2
Full Baths: 2
Total Bathrooms: 2
Year Built: 2005
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 2204.07
Annual Assessment Amount: 8816.28
Assessment Paid: Quarterly
New Buyer Fee: No
Last Taxes: 2596.61
Last Tax Year: 2024
Brokerage Interest: No Interest
As Is: No
Remarks & Misc
Remarks: 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,
Waterfront
Bay: 1
Construction Status
Construction Complete: 1
Waterview
Bay: 1
Project Facilities
Beach: 1
Boat Launch: 1
Community Room: 1
Dock: 1
Exercise Room: 1
Fishing: 1
Gated Community: 1
Pickle Ball: 1
Pool: 1
Short Term Rental - Not Allowed: 1
Utilities
Electric: 1
Public Sewer: 1
Public Water: 1
Exterior
Balcony: 1
Pool - In-Ground: 1
Interior
Ceiling Crwn Molding: 1
Floor Laminate: 1
Owner's Closet: 1
Financing
Conventional: 1
FHA: 1
VA: 1
Appliances
Cooktop: 1
Dishwasher: 1
Dryer: 1
Microwave: 1
Refrigerator: 1
Stove/Oven Electric: 1
Washer: 1
Energy
AC - Central Elect: 1
Ceiling Fans: 1
Double Pane Windows: 1
Heat Cntrl Electric: 1
Water Heater - Elect: 1
Mstr Bdrm/Mstr Bath
MBath Double Vanity: 1
MBath Tile: 1
MBed Balcony: 1
MBed First Floor: 1
MBed Waterfront: 1
Master Bedroom
First: 1
Bedroom
First: 1
Kitchen
First: 1
Rooms
Bedroom: 1
Dining Room: 1
Kitchen: 1
Master Bathroom: 1
Master Bedroom: 1
Fees Include
Management: 1
Master Association: 1
Other Utilities: 1
Recreational Faclty: 1
Water: 1
Status Change Info
Status: Active
Location Tax and Legal
Area: 27 - Bay County
Street #: 6500
Street Name: Bridge Water
Street Suffix: Way
State: FL
Zip Code: 32407
County: Bay
Project Name/Subdivision: Hibiscus by the Bay Tower 1
Parcel ID: 27345-200-029
Property Features
Construction Status: Construction Complete
Waterfront: Bay
Waterview: Bay
Project Facilities: Beach; Boat Launch; Community Room; Dock; Exercise Room; Fishing; Gated Community; Pickle Ball; Pool; Short Term Rental - Not Allowed
Exterior: Balcony; Pool - In-Ground
Interior: Ceiling Crwn Molding; Floor Laminate; Owner's Closet
Appliances: Cooktop; Dishwasher; Dryer; Microwave; Refrigerator; Stove/Oven Electric; Washer
Utilities: Electric; Public Sewer; Public Water
Energy: AC - Central Elect; Ceiling Fans; Double Pane Windows; Heat Cntrl Electric; Water Heater - Elect
Master Bedroom: First
Bedroom: First
Kitchen: First
Rooms: Bedroom; Dining Room; Kitchen; Master Bathroom; Master Bedroom
Financing: Conventional; FHA; VA
Fees Include: Management; Master Association; Other Utilities; Recreational Faclty; Water
Supplements
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.
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Master Bedroom | First | 17 x 14 | 17.00 | 14.00 | 17 x 14 |
| Bedroom | First | 14 x 13 | 14.00 | 13.00 | 14 x 13 |
| Dining Room | First | 23 x 14 | 23.00 | 14.00 | 23 x 14 |
| Kitchen | First | 12 x 10 | 12.00 | 10.00 | 12 x 10 |
| Master Bathroom | First | 12 x 6 | 12.00 | 6.00 | 12 x 6 |
Listing Office: Innerscope Realty LLC
Last Updated: October - 31 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
