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$435,000

Beds
2
Baths
2.0
sq ft
1,447

6504 Bridge Water Way Unit 503, Panama City Beach, FL 32407

6504 Bridge Water Way Unit 503

Panama City Beach, FL 32407

  • 57 days on market
This is waterfront living at its finest. Wake up to beautiful sunrises from your bedroom and enjoy your coffee on the balcony overlooking St. Andrews Bay as the boats go by. Take the elevator down to your boat slip, the pickleball court, pool, fitness center, and so much more at this one-of-a-kind gated community. This 2 bedroom 2 bath unit is on the fifth floor of Hibiscus By the Bay, a gated waterfront community. Hibiscus By The Bay has Lowered their HOA Fees! Recent upgrades include all the sliding doors, new elevator, roof, and fire system plus painted the building exterior and sidewalks. The Owner will sell separately his boat slip with 10,000 lb. lift. Pride of ownership shows with $35,000 in upgrades including ceramic tile floors. Whether you are looking for a permanent residence or an investment property, this condo offers flexibility with long term rental options. The master bath shower is upgraded with tile walls and a seamless glass door with diamond finish - no squeegee needed! and a Jacuzzi tub for your relaxation. The kitchen features granite countertops, custom baskets in the pantry and under the sink, Samsung stainless steel appliances. A central vacuum has been installed for quick cleaning. A large custom-designed storage area is built for your household needs. The living is easy with wide handicap accessible doorways throughout. New elevators in the building were installed in 2023. Call us for your private showing.

Details

Property type

Condominium

Est. home value

$423,661

Lot size

Unknown

Price per sq ft

$301

Year built

2005

Annual property taxes

$3,919

Monthly HOA fee

$929.89

Price History

02/01/2025
CentralPanhandle

CentralPanhandle #768145

Listed
$435,000
+82.01%
01/23/2015
CentralPanhandle

CentralPanhandle #624036

Sold
$239,000

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Gated, Fitness Center, Fishing, Sidewalks

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$209,485
Asking price
$435,000
Closing costs (~8% of asking)
-$34,800
Est. remaining loan balance
-$190,715
Cash to seller
$209,485

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Hancock Mortgage Partners Llc

Loan start date

May 2023

Original loan amount

$195,000

Est. remaining balance

$190,715

Interest rate

6.27%

Loan type

New Conventional, 30 year

Seller

John Raymond Catchen Dunne

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 04/02/2025 at 4:45 PM

Listing updated: 03/29/2025 at 7:20 PM

Listed by: Sharon S Hodges, Jim H Hodges Realty Phone #: (850) 249-4663

MLS: CentralPanhandle #768145

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