$345,000

The Cove 100 Cherry St Unit 503 Panama City, FL 32401

Estimated payment $3,124/month

Total Views 12,351
2 Beds
2 Baths
1,250 Sq Ft
$276 Price per Sq Ft

Highlights

  • Waterfront
  • Building Security
  • Bay View
  • Boat Dock
  • In Ground Pool
  • Clubhouse

About This Home

***PLEASE READ IN ENTIRETY...SELLER FINANCING TERMS BEING OFFERED ARE INCREDIBLE!!! 5% INTEREST RATE(2% LESS THAN THE CURRENT RATE), 20% DOWN, 8 YEAR BALLOON AND AMORTIZED OVER 30 YEARS. THIS IS AN AMAZING OFFER SO TAKE ADVANTAGE NOW!! Absolutely stunning and recently renovated 2 bedroom, 2 bathroom waterfront condo in the highly desirable and rarely available Cove Condominium community*** If you are tired of maintaining a house then this non rental condo has everything you have been looking for!! Whether as a primary residence, vacation, or second home, you will not be disappointed. The bay views from this waterfront unit are absolutely breathtaking and run the full length of the condo, from the living room to the master bedroom that accesses the balcony. The seller spared no expense in updating this beauty. Upgrades include but are not limited to: Granite countertops, tile flooring, stainless steel appliances, master bathroom marble walk in shower, new carpeting, balcony door rollers, bathroom sinks and sooo much more. There is a very large kitchen pantry, master bedroom walk in closet, additional kitchen cabinets, 3 hallway storage rooms. and a stackable washer and dryer. Plus, you have easy access to the private community pool and dock, perfect for relaxing or just enjoying a day on the water. Hurry before this one gets away!! All information is approximate and should be verified by buyers if important.

Listing Agent

Mario Gobel

RE/MAX SELECT Partners License #0647660 Listed on: 05/01/2025

RE/MAX SELECT Partners

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,227

Year Built

  • Built in 1975

HOA Fees

  • $822 Monthly HOA Fees

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 1,250 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Stacked Washer and Dryer

Kitchen

  • Breakfast Bar
  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • Additional Parking
  • Assigned Parking

Pool

  • In Ground Pool
  • Gunite Pool

Schools

  • Cherry Street Elementary School
  • Jinks Middle School
  • Bay High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Balcony
  • Property fronts a private road

Community Details

Overview

  • Association fees include clubhouse, cable TV, fishing rights, insurance, internet, legal/accounting, ground maintenance, maintenance structure, pest control, pool(s), recreation facilities, sewer, trash
  • Mid-Rise Condominium
  • Cove Condominium Subdivision

Amenities

  • Elevator
  • Community Storage Space

Recreation

Security

  • Building Security
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,227

Year Built

Built in 1975

Lot Details

0

HOA Fees

$822 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1975
  • Property Sub Type: Condominium
  • Lot Size: N/A
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Cove Condominium
  • Architectural Style: Mid Rise
  • Entry Level: 5
  • New Construction: No
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Refrigerator, Range Hood
  • Interior Amenities: Breakfast Bar, Pantry, Window Treatments
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Living Area: 1250.0
  • Dining Room Type: Bedroom, Kitchen, Living Room, Primary Bedroom

Exterior Features

  • Pool Features: Gunite, In Ground, Pool, Community
  • View: Bay
  • View: Yes
  • Waterfront Features: Bay Access, Dock Access, Waterfront
  • Waterfront: Yes
  • Construction Type: Concrete, Stucco
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony
  • Roof: Tile

Garage/Parking

  • Parking Features: Additional Parking, Assigned
  • Garage: No

Utilities

  • Utilities: Cable Connected, Phone Connected, Trash Collection
  • Security Features: Building Security, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Central, Electric
  • Laundry Features: Stacked
  • Green Building Features: Dumpster
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association Fee: 2465.0
  • Community Features: Clubhouse, Dock, Elevator, Waterfront, Pool
  • Amenities: Boat Ramp, Dock, Storage
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Clubhouse, Cable TV, Fishing Rights, Insurance, Internet, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Pool(s), Recreation Facilities, Sewer, Trash

Schools

  • Middle Or Junior School: Jinks

Lot Info

  • Lot Features: Waterfront
  • Zoning Description: Resid Multi-Family

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 5227.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Cherry Street
  • High School: Bay

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,983 $308,504 -- --
2023 $4,983 $280,458 $0 $280,458
2022 $3,386 $193,800 $0 $193,800
2021 $2,379 $164,730 $0 $164,730
2020 $2,364 $164,730 $0 $164,730
2019 $2,219 $137,275 $0 $137,275
2018 $2,510 $165,750 $0 $0
2017 $2,350 $156,825 $0 $0
2016 $2,376 $150,137 $0 $0
2015 $2,384 $136,488 $0 $0
2014 $2,386 $124,080 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 For Sale $345,000 +11.3% $276 / Sq Ft
07/05/2022 07/05/22 Off Market $310,000 -- --
03/21/2022 03/21/22 Sold $310,000 -3.1% $248 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $320,000 0.0% $256 / Sq Ft
01/23/2022 01/23/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $320,000 -- $256 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $310,000 None Listed On Document
Source: Public Records

Similar Homes in Panama City, FL

  • 100 Cherry St Unit 702, Panama City, FL 32401

    $309,000

    • 2 Beds
    • 2 Baths
    • 1,250 Sq Ft
    • 100 Cherry St
    • Unit 702
    • Panama City, FL

    Experience coastal living perfectly situated along the shimmering waters of St Andrews Bay in the heart of Panama City. This waterfront condo offers breathtaking views of the bay, best enjoyed from the expansive and inviting balcony, also a perfect spot to watch the dazzling Fourth of July fireworks or the enchanting annual Christmas boat parade. Inside you'll find a layout featuring 2 bedrooms,

    Yvette Colona Coldwell Banker Realty

    Section Image
  • 8815 Thomas Dr Unit 305, Panama City, FL 32408

    $395,000

    • 2 Beds
    • 2 Baths
    • 1,048 Sq Ft
    • 8815 Thomas Dr
    • Unit 305
    • Panama City, FL

    Discover the perfect blend of convenience with this 2 bed, 2 bath condo located on the Gulf of America. Ideal as both an investment opportunity and a second home, this property offers gulf views and a spacious floor plan designed for comfort. In the hall you have a storage closet that could easily be converted to a bunk space as well as a private owners closet located across the hall. This condo

    Amber Thompson Emerald Coast Realty Group

    Section Image
  • 9902 S Thomas Dr Unit 2028, Panama City, FL 32408

    $389,000

    • 3 Beds
    • 2 Baths
    • 1,262 Sq Ft
    • 9902 S Thomas Dr
    • Unit 2028
    • Panama City, FL

    Live in penthouse luxury on the 20th floor with raised ceilings and views most dream of. The view from your patio is breathtaking as it overlooks the lake and boardwalk below and you're high enough on the 20th floor to see miles away of the city. Incredible gulf view from your front bedroom window. (see photo) This turn-key fully-renovated condo has incredible Lake & City Views is being sold

    Shantel Peterson Real Broker LLC

    Section Image
  • 100 Cherry St Unit 202, Panama City, FL 32401

    $277,500

    • 2 Beds
    • 2 Baths
    • 1,250 Sq Ft
    • 100 Cherry St
    • Unit 202
    • Panama City, FL

    Come view this 2 bed 2 bath 1,250 sf 2nd floor waterfront condo today! Cove Condominium is a wonderful residential community right near downtown Panama City. You will enjoy the beautiful views from your 28' balcony. Inside there is a spacious living/dining area, kitchen with newer appliances (oven needs to be replaced), the front bedroom has it's own ensuite bathroom with walk in shower and

    Christine Lance Keller Williams Success Realty

    Section Image
  • 100 Cherry St Unit 307, Panama City, FL 32401

    $345,000

    • 2 Beds
    • 2 Baths
    • 1,250 Sq Ft
    • 100 Cherry St
    • Unit 307
    • Panama City, FL

    End your day with breathtaking sunsets in this beautifully remodeled 2-bedroom, 2-bath corner unit overlooking the serene St. Andrews Bay. With 1,250 square feet of living space, this waterfront condo features an extended balcony and additional windows that flood the living area with natural light and sweeping water views. Upgraded flooring, windows, sliding doors, countertops,

    Christina Daniels Keller Williams Success Realty

    Section Image
  • 316 Cherry St Unit 25, Panama City, FL 32401

    $270,000

    • 2 Beds
    • 2 Baths
    • 860 Sq Ft
    • 316 Cherry St
    • Unit 25
    • Panama City, FL

    Now is your chance to own this Beautiful, ground floor water front unit. This unit is in Bay Club Condos located in the desirable Cove Neighborhood of Panama City, This condo is well maintained with 2 bedrooms and 2 bathrooms Living room, on Water Side and parking in front of your back door. Relax in the Bay side pool with an awesome view, or enjoy the private dock. Walking distance to all the

    Karen Smith Beachy Beach Real Estate

    Section Image
  • 4100 Marriott Dr Unit 407, Panama City, FL 32408

    $389,900

    • 1 Bed
    • 1 Bath
    • 1,049 Sq Ft
    • 4100 Marriott Dr
    • Unit 407
    • Panama City, FL

    Open the door to endless views of the Lagoon, Shell Island and St, Andrews State Park, Enjoy Watching the boats headed out to the the pass for a day on the water . Wake up to beautiful Morning sunrises or enjoy the peaceful sunsets to end your day. Relax by the spacious lagoon pool and enjoy watching the golfers on the 4th tee box or listen to the soothing sounds of nature. Open the door to

    Tracie Tierney Top Producers Real Estate Ctr

    Section Image
  • 2604 Mystic Ln Unit PO12, Panama City, FL 32408

    $431,900

    • 3 Beds
    • 2.5 Baths
    • 1,608 Sq Ft
    • 2604 Mystic Ln
    • Unit PO12
    • Panama City, FL

    Located GROUND FLOOR (1st Level) in the stunning gated & Bayfront community of Waterhaven, this pristine 3 bedroom, 2 1/2 bath unit is a rare find. You can rest easy knowing elevators and multiple stairs will NOT be an issue! This unit offers the perfect blend of modern luxury and coastal charm! Step inside to discover a bright and airy living space featuring oak wood flooring and crown molding

    Alyssa Sato Keller Williams Success Realty

    Section Image
  • 2602 Mystic Ln Unit PO34, Panama City, FL 32408

    $409,000

    • 2 Beds
    • 2 Baths
    • 1,322 Sq Ft
    • 2602 Mystic Ln
    • Unit PO34
    • Panama City, FL

    Welcome to coastal living at its finest! This stunning 2 bedroom, 2 bath condo is perfectly situated right off the water in a gated community in the heart of Upper Grand Lagoon. Featuring two private balconies with peaceful water views and a beautiful pool. This home is ideal for relaxing after a day on the beach or entertaining guests. Inside, you'll find a beautifully updated kitchen complete

    Team Don and Bubba EXP Realty LLC

    Section Image

Source: Central Panhandle Association of REALTORS®

MLS Number: 772859

Central Panhandle Association of REALTORS®

APN: 25678-503-000