$350,000
Panama City Beach, FL 32407
MLS# 987753
2 beds | 2 baths | 1447 sqft
1 / 61
Property Description
Wake up to breathtaking sunrise views over St. Andrew Bay and the Hathaway Bridge from this beautifully updated 5th-floor waterfront condo. Hurricane-rated sliding glass doors open to a spacious 200 sq ft balcony, creating the perfect indoor-outdoor retreat for morning coffee or evening relaxation. Located in the gated Hibiscus by the Bay community, this home blends coastal views with modern updates and resort-style amenities. Inside, the condo offers a bright and welcoming space with crown molding and updated flooring throughout, creating a clean coastal feel that complements the waterfront setting. The kitchen has been tastefully updated with granite countertops, stainless steel appliances (2021), and brand-new cabinetry, providing
Details
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 241.88
List Date: 2025-10-17
Current Price: $350,000
List Price: $350,000
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: Wake up to breathtaking sunrise views over St. Andrew Bay and the Hathaway Bridge from this beautifully updated 5th-floor waterfront condo. Hurricane-rated sliding glass doors open to a spacious 200 sq ft balcony, creating the perfect indoor-outdoor retreat for morning coffee or evening relaxation. Located in the gated Hibiscus by the Bay community, this home blends coastal views with modern updates and resort-style amenities. Inside, the condo offers a bright and welcoming space with crown molding and updated flooring throughout, creating a clean coastal feel that complements the waterfront setting. The kitchen has been tastefully updated with granite countertops, stainless steel appliances (2021), and brand-new cabinetry, providing
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
both style and functionality for everyday living or entertaining. The primary suite overlooks the bay and features private balcony access along with a beautifully remodeled bathroom complete with a step-in shower, jetted soaking tub, double vanity, and walk-in closet. Additional recent upgrades include a new HVAC system (2023), hot water heater (2023), and washer and dryer (2024), offering peace of mind for years to come. Situated on a private gated 10-acre peninsula with its own marina, Hibiscus by the Bay offers a peaceful bayfront lifestyle without the turnover of short-term rentals. Residents enjoy two swimming pools, tennis and basketball courts, dog walking areas, a fire pit, a 500-foot fishing pier, and a clubhouse. Nearly $7 million in community improvements along with reduced HOA fees have further elevated this sought-after waterfront community. A serene waterfront retreat located just minutes from the world-class beaches, dining, and entertainment of Panama City Beach.
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: March - 19 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
