Hibiscus By The Bay
Condos for Sale in Panama City Beach, FL
All 726 homes for sale in Panama City Beach, FL · median $369,000 · 686 condos for sale in Panama City Beach · 396 homes for sale in 32407 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of November 2026, Hibiscus By The Bay in Panama City Beach, FL has 3 homes for sale. Over the 12 months ending 2026-11-11, 5 recorded sales closed at a median of $390,000, a median 83 days on market, sellers accepting 96% of original asking. Homes listed or recently sold were built 2005–2005; 3 of 3 report an HOA (median $735/mo); 1 of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 8 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).
Last 30 days in Hibiscus By The Bay: 1 new listing (median asking $599,998). As of November 11, 2026, Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate.
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 · 13 daysTop listing
Active · 371 days
Active · 366 daysActive and pending Hibiscus By The Bay listings as of 2026-11-11, 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 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.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Hibiscus By The Bay right now
🟢 Buyer-leaning market. 7.2 months of supply and 0% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of CPAR MLS records, as of November 11, 2026. Confidence: Medium (3 active and pending listings, 5 closed sales in 12 months).
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· Updated November 12, 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 November 11, 2026): the median sale price is about $390K, a median 83 days on market for closed sales, and 7.2 months of supply, a buyer-leaning market.
In ZIP 32407 (Panama City Beach), 198 homes closed in the last 12 months at a median of $376K ($183/sq ft), down 15.4% year over year, with a median 65 days on market. Right now 207 active and 61 pending listings put supply at about 12.5 months — a soft market. See the live ZIP 32407 housing market and the Bay County market.
CPAR sales records identify 13 homes in Hibiscus By The Bay that have changed hands since 2006, 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 BayHibiscus By The BayHibiscus 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
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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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.
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.
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.
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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 505 · off market
| Location | Panama City Beach, Bay County, FL · ZIP 32407 |
|---|---|
| Sale prices, last 12 months | $390,000 median across 5 closed sales |
| Days on market (closed sales) | 83 median |
| For sale right now | 3 active, 0 pending · median asking $395,000 · 7.2 months of supply |
Data as of November 11, 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 November 11, 2026.
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.
Every Home for Sale in Hibiscus By The Bay Right Now (3)
All 3 active and pending Hibiscus By The Bay listings with a detail page, newest first, refreshed twice a day from the MLS.
- 6504 Bridge Water Way 601, Panama City Beach, Fl 32407 · $599,998 · 3 bd / 3 ba · listed Sep 26, 2026 · listed by Berkshire Hathaway HomeServices Beach Properties of Florida
- 6500 Bridge Water Way 702, Panama City Beach, Fl 32407 · $395,000 · 2 bd / 2 ba · listed Aug 13, 2026 · listed by Gillman Group Realty
- 6504 Bridge Water Way 403, Panama City Beach, Fl 32407 · $355,000 · 2 bd / 2 ba · listed Aug 13, 2026 · listed by Own It Real Estate LLC
More Panama City Beach home searches
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- Panama City Beach home values: what is my house worth?
- ZIP 32407 housing scorecard
- 5 coming-soon communities in Bay County
Panama City Beach guides & data
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17% 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 (2026-11-12).
What it really costs to own in Hibiscus By The Bay
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $3,961/yr across 4 listings here (MLS tax records, 2026-11-12). |
|---|---|
| HOA dues | Median $735/month across 3 MLS listings (most billed quarterly; 2026-11-12). Dues cover what the documents say they cover; ask for the budget and reserve study. |
| Home and flood insurance | The average Citizens Property Insurance premium in Bay County is $1,928/yr (1,264 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
| Roof and age | Median build year 2005 across 6 listings. An original roof here would be about 21 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
Estimated carrying cost at the median asking price, before the mortgage: about $1,226/month (tax $330, HOA $735, insurance $161). An estimate from the sources above, not a quote.
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Ask an agent about Hibiscus By The Bay Condos for Sale
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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?
Is Hibiscus By The Bay a buyer's or seller's market right now?
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Where is Hibiscus By The Bay, and what county is it in?
Is Hibiscus By The Bay a good place to live?
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: November 11, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending November 11, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-11-11 |
| Historical depth | Closed-sale records back to 2026 (5 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.
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