Hibiscus By The Bay
Condos for Sale in Panama City Beach, FL
All 791 homes for sale in Panama City Beach, FL · median $369,900 · 751 condos for sale in Panama City Beach · 412 homes for sale in 32407 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via CPAR MLS
As of September 2026, Hibiscus By The Bay in Panama City Beach, FL has 2 homes for sale. Over the 12 months ending 2026-09-20, 12 recorded sales closed at a median of $387,500, a median 99 days on market, sellers accepting 96% of original asking (-26% versus the prior year). Homes listed or recently sold were built 2005–2005; 3 of 3 report an HOA (median $735/mo). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $4,760 ($4,270 with the full homestead exemption).
| Location | Panama City Beach, Bay County, FL · ZIP 32407, 32408 |
|---|---|
| Sale prices, last 12 months | $387,500 median across 12 closed sales · -26.2% vs the prior 12 months |
| Days on market (closed sales) | 99 median |
| For sale right now | 2 active, 1 pending · median asking $382,500 |
Data as of September 20, 2026. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Market figures describe homes, not residents. Cite as: Momentum Realty, “Hibiscus By The Bay key facts,” movewithmomentum.com/neighborhoods/hibiscus-by-the-bay, data as of September 20, 2026.
Last 30 days in Hibiscus By The Bay: 1 new listing (median asking $599,998), 1 under contract right now. As of September 27, 2026, Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate.
Hibiscus By The Bay is a small, single-vintage pocket in Panama City Beach: every home dates to 2005, and the whole community runs to 46 homes with a median around 1,447 living square feet. When everything was built in the same year at a similar size, price is driven almost entirely by condition, updates, and lot position rather than by floor plan variety. The median sits at $390,000, and you should read spread around that number as a function of how much work a given home needs, not as tiers of product.
The current posture is patient. A median of 70 days on market and a heat score of 32 point to a buyer with time to negotiate, not a bidding-war environment. Prices are off 2.5% year over year, so sellers who price to yesterday's comps will sit. The longer arc is healthier — up 71% since 2012 — but that is history, not a forecast. Price to the current market and be ready to wait for the right buyer.
Hibiscus By The Bay right now
🔴 Off the recent peak. The trailing-12-month median ($388K) is down 26.2% from the prior 12 months ($525K) and up 63% since 2012. With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level CPAR MLS closed sales, 12-month windows ending September 20. Confidence: Low (12 and 5 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 28, 2026 · Live data: CPAR MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Hibiscus By The Bay market snapshot (as of September 20, 2026): the median sale price is about $388K, and a median 100 days on market for closed sales. The trailing-12-month median is down 26% from the prior 12 months and up 63% since 2012, computed from record-level CPAR MLS closed sales (12 closings in the current window).
In ZIP 32407 (Panama City Beach), 1,458 homes closed in the last 12 months at a median of $398K ($183/sq ft), down 1.6% year over year, with a median 80 days on market. Right now 1,101 active and 151 pending listings put supply at about 6.7 months — a buyer's market. See the live ZIP 32407 housing market and the Bay County market.
CPAR sales records identify 14 homes in Hibiscus By The Bay that have changed hands since 2005, built between 2005 and 2007 (median 2005), with a median living area of about 1,447 sq ft and a typical 2-bedroom, 2-bath layout; 100% are condominiums. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
A compact 2005-built enclave near the bay side of Panama City Beach, where homes cluster around 1,447 square feet and value comes down to condition. With just over half of homes homesteaded, it reads as a mix of primary residences and non-owner-occupied units.
The setting & the homes.
Aerial and on-site photos of Hibiscus By The Bay. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Hibiscus By The Bay
Hibiscus By The Bay
Hibiscus By The BayPhotos from CPAR MLS listings in Hibiscus By The Bay; content deemed reliable but not guaranteed.
Who Hibiscus By The Bay is best for.
Best for
- Buyers seeking a modest, roughly 1,447-square-foot home near the bay side and comfortable budgeting for a home built in 2005
- Value hunters willing to take on a condition project and negotiate against a slow, 70-day market
- Owner-occupants who want a smaller footprint and are pricing to the current median rather than the peak
Probably not for
- Buyers who require community amenities like a pool, gate, or clubhouse
- Anyone counting on quick appreciation or a fast resale in a market that is soft and thinly traded
- Buyers wanting new construction or a range of floor plans and vintages to choose from
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($388K) IS the median in the snapshot above, and the move from 2025 ($525K) IS the -26.2% one-year change.
Windows contain 5 to 23 sales each (12 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
15% of homes for sale in ZIP 32407 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-27).
Hibiscus By The Bay Market Scorecard
Hibiscus By The Bay is currently a balanced market., a median asking price of $382,500, and homes go under contract in about 231 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: CPAR MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Hibiscus By The Bay, Panama City Beach
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
Homes For Sale Right Now in Hibiscus By The Bay
Live MLS inventory for Hibiscus By The Bay. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Hibiscus By The Bay listings as of 2026-09-26, priced high to low. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Hibiscus By The Bay on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from CPAR MLS. Map data © OpenStreetMap, tiles © CARTO.
The Hibiscus By The Bay buying strategy.
If we were buying in Hibiscus By The Bay today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Hibiscus By The Bay.
One vintage, one job: read the condition
Because the year-built range is a single year — 2005 — you are not comparing new construction against older stock here. You are comparing maintenance and updates across homes that all hit their roughly two-decade mark at the same time. That matters for a buyer: roofs, HVAC, and water heaters across this community are aging on a similar clock, so budget for near-term systems and inspect accordingly.
No community amenities turned up in current MLS listings, so nothing in these figures reflects a pool, gate, or clubhouse premium. The homestead share of 52.2% suggests a blend of owner-occupied and rental or seasonal use, which can affect how well common areas and exteriors are kept. With only 46 homes and a thin closings window of 13, individual sales move the median, so weigh any single comp carefully.
The location and the amenities are priced into every listing in Hibiscus By The Bay. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Hibiscus By The Bay buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (4.4). Basis: Long-Term Appreciation +63% since 2012; Recent Direction -26.2% year-over-year; Pricing Power 96.3% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a 46-home community with a single build year and a thin trade history, comps are scarce and condition is everything. We walk the systems, read each closing against the age of the roof and mechanicals it carried, and price to the market that exists today — not to a headline median that a single fixer or a single renovated sale can distort.
Hibiscus By The Bay in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $735/month (about $8,820/yr) · median of 49 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $735 per month ($8,820 a year) — the median AssociationFee across 49 MLS records, normalised to a monthly figure; most are billed quarterly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Hibiscus By The Bay buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Hibiscus By The Bay sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Hibiscus By The Bay, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Hibiscus By The Bay home worth?
Get a no-obligation home value based on real comparable sales in Hibiscus By The Bay, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Panama City Beach →
Recently off market in Hibiscus By The Bay
Homes in Hibiscus By The Bay that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 2 on record.
- 6500 Bridge Water Way 305 · off market
- 6500 Bridge Water Way 702 · off market
Frequently Asked Questions
What is the median home price in Hibiscus By The Bay?
How long do homes in Hibiscus By The Bay take to sell?
Have Hibiscus By The Bay home prices gone up?
Who is the best real estate agent for Hibiscus By The Bay?
How do I find a top Panama City Beach real estate agent who knows Hibiscus By The Bay?
Can Momentum Realty connect me with an agent for Hibiscus By The Bay?
Where is Hibiscus By The Bay, and what county is it in?
Should you buy in Hibiscus By The Bay?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: September 26, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (148 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of CPAR MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the CPAR MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Hibiscus By The Bay fits the bigger picture — live prices, inventory, and Momentum Scores:
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