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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

  • <1 day 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. This 2 bedroom 2 bath unit is on the fifth floor. Hibiscus By the Bay is a gated community and is situated in a prime location with access to town and just minutes away from the beach and shopping. If you are an avid boater, you can be at Shell Island and the Gulf of America in a matter of minutes. Hibiscus boasts many amenities from a 500 ft fishing pier, the pool and spa, an exercise room with free weights, BBQ grills, tennis courts, dock, and a community room to host events. Boat slips and garages are available for sale or rent. Whether you're looking for a permanent residence or an investment property, this condo offers flexibility with long term rental options. This would be a great 1031 exchange if you buy investment properties. The split bedroom layout provides privacy with the master bedroom waterfront and access to the balcony. The master bath has both shower and a soaking tub for your relaxation. Entertainment is easy with this bright and spacious living area opening onto the balcony. The kitchen features granite countertops and Samsung stainless steel appliances. The laundry room provides top-of-the-line stack washer/dryer and extra shelving and storage. A central vacuum is installed for cleaning. A large custom-designed storage area is built for your household needs. The living is easy with wide handicap accessible doorways throughout. Hibiscus By The Bay has upgraded all the sliding doors, roof, fire system and painted the exterior and sidewalks; even the HOA fees have been lowered. 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, Tennis Court(s)

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

$209,075
Asking price
$435,000
Closing costs (~8% of asking)
-$34,800
Est. remaining loan balance
-$191,125
Cash to seller
$209,075

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

$191,125

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?

Status: Active

Tomo last checked: 02/03/2025 at 7:55 PM

Listing updated: 02/03/2025 at 4:40 PM

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

MLS: CentralPanhandle #768145

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