Hibiscus By The Bay
Condos for Sale in Panama City Beach, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via CPAR MLS
Over the 12 months ending 2026-07-28, 13 recorded sales closed at a median of $390,000, a median 70 days on market, sellers accepting 92% of original asking (-2% versus the prior year). Homes listed or recently sold were built 2005–2005; 3 of 3 report an HOA (median $735/mo); 2 of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 7 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $4,790 ($4,300 with the full homestead exemption).
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 ($390K) is down 2.5% from the prior 12 months ($400K) and up 71% 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 July 28. Confidence: Low (13 and 5 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated July 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 July 28, 2026): the median sale price is about $390K, and a median 70 days on market for closed sales. The trailing-12-month median is down 2% from the prior 12 months and up 71% since 2012, computed from record-level CPAR MLS closed sales (13 closings in the current window).
Hibiscus By The Bay is a community of 46 homes in Panama City Beach, Bay County, built between 2005 and 2005 (median 2005.0), with a median living area of about 1,447 square feet. 52% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
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 July 28 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($390K) IS the median in the snapshot above, and the move from 2025 ($400K) IS the -2.5% one-year change.
Windows contain 4 to 21 sales each (13 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.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Bay County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Bay County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
Hibiscus By The Bay Market Scorecard
Hibiscus By The Bay is currently a thin data market. Limited supply, a median asking price of $382,500, and homes go under contract in about 235 days.
Typical home value in the 32407 ZIP is $393,967, right around the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. 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 2026-09-01, 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 contributors.
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 4 factors (5.3). Basis: Long-Term Appreciation +71% since 2012; Recent Direction -2.5% year-over-year; Owner Commitment 52% owner-occupied; Pricing Power 92.3% 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 status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
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 homes for sale in Hibiscus By The Bay on the map →
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. 1 on record.
- 6500 Bridge Water Way 305 · 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?
How many homes are in Hibiscus By The Bay?
What share of Hibiscus By The Bay is owner-occupied?
When were the homes in Hibiscus By The Bay built?
Do cash buyers compete in Hibiscus By The Bay?
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?
Should you buy in Hibiscus By The Bay?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Hibiscus By The Bay with Momentum Realty’s local guides.
Data sources & freshness
| Community market stats | CPAR MLS closed sales, 12-month windows ending July 28, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (23 streets, ZIP 32407/32408)) |
| Historical depth | Closed-sale records back to 2012 (147 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 your area comps.
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More Panama City Beach & Panama City & Bay County guides
Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of Panama City & Bay County or the full Neighborhood Finder.
See how Hibiscus By The Bay fits the bigger picture — live prices, inventory, and Momentum Scores: