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Hibiscus By The Bay Home Values: What Homes Actually Sell For

Buying here? See Hibiscus By the Bay homes for sale and the Hibiscus By the Bay community guide (Panama City Beach).

Hibiscus By The Bay (Panama City Beach, FL): 12 recorded closings in the 12 months ending 2026-09-20, a 15-year price record, and the year-by-year record — every number from recorded MLS closings, none from an estimate model.

In the current window, sellers accepted a median 96.3% of original asking; the median sale took 99 days (window ending 2026-09-20).

The 15-year recorded price history

Over the recorded series, Hibiscus By The Bay’s median sold price moved from $237,932 (2012) to $387,500 (12 months ending 2026-09-20) — +63% over that span, with every year’s figure from recorded closings, not a model.

The last decade in Hibiscus By The Bay, briefly

The recorded series starts in 2012 at $237,932. The 2020–22 run-up did what it did everywhere — Hibiscus By The Bay’s median moved +19% from 2019 to 2022. Against the 2025 peak of $525,000, the current median stands at -26%. Annual sales volume here has ranged from 5 to 23 closings a year (10-yr average 10.3). With roughly 10.3 closings a year, Hibiscus By The Bay’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.

At Hibiscus By The Bay’s $387,500 median and Bay County’s adopted 12.28 mills (FY2025-26), a home assessed at that price carries roughly $4,760 a year in property tax before exemptions, or about $4,270 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Bay County tax page.

Selling in Hibiscus By The Bay right now: what the record says

Current asking prices run a median $382,500 against the $387,500 recorded sold median (-1%) — the gap between what sellers hope and what the record shows. Demand check: 33% of Hibiscus By The Bay’s listings are under contract, against 14% for ZIP 32407 and 17% for Bay County as a whole — the community is absorbing faster than its surroundings. Momentum’s market-heat index for Hibiscus By The Bay reads 31/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).

Asking and recorded sold prices are within a few percent of each other here, so the table above is close to what a Hibiscus By The Bay buyer will actually pay; the spread on any single home comes down to size, condition and timing.

How Hibiscus By The Bay compares with its neighbors

Communities buyers shopping Hibiscus By The Bay are also weighing (nearest by map distance), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.

More Hibiscus By The Bay: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing

Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures