5220 Cherry St Panama City, FL 32404
Estimated payment $1,666/month
Highlights
- No HOA
- Living Room
- Dining Room
- Patio
- Central Heating and Cooling System
- Ceiling Fan
About This Home
Opportunities like this are exceptionally rare -- a beautifully remodeled property with MIXED USE zoning that allows you to legally LIVE and WORK in the same space. Whether you're an entrepreneur, small business owner, creative professional, investor, or simply someone who wants flexibility for the future, this property delivers a lifestyle and business opportunity that's hard to duplicate.
Perfectly positioned near Tyndall Air Force Base and just off busy Tyndall Parkway, the location offers both convenience and visibility with strong traffic counts for potential business exposure. Unlike standard commercial zoning, the Mixed-Use designation in this area allows residential occupancy -- giving you the freedom to operate a business without sacrificing the comfort of home.
Inside, the remodel is nothing short of brilliant. Every inch of the space has been thoughtfully reimagined for maximum functionality, flow, and style. The main area of this home features a living room, dining area, remodeled kitchen with quartz countertops and new stainless appliance package and 2 bedrooms and 2 full baths, including a stunning newly created primary suite complete with an ensuite bath and walk-in closet.
On the opposite side of the home, on the other side of the living room, there is a separate flex space with an oversized closet and an exterior door that walks out into the carport, which creates endless possibilities. Use it as a private third bedroom, client office, salon studio, creative workspace, consultation room, boutique, or home-based business -- all without clients or customers ever needing to enter your main living space. It's the ideal setup for maintaining both professionalism and privacy.
Outside, the oversized corner lot adds even more value and versatility. The fully fenced yard with front and side gates provides security and functionality, while the drive-through carport and generous parking areas make access easy for personal vehicles, trailers, work trucks, or business clients. There's plenty of room here to truly make the property work for your lifestyle.
Additional features include: huge corner lot with excellent accessibility; fully fenced with solar light post caps and multiple gated access points; large slab for the addition of a future shed; drive-through carport; working irrigation pump; flexible floor plan with residential and business potential; excellent visibility and convenience near shopping, dining, and Tyndall AFB; rare zoning flexibility in a rapidly growing area!
This is more than just a remodeled home -- it's a smart lifestyle investment that gives you options, flexibility, visibility, and freedom all in one property.
Home Details
Home Type
- Single Family
Year Built
- Built in 1959
Lot Details
- 18,200 Sq Ft Lot
- Lot Dimensions are 130x140
- Fenced
Parking
- 2 Covered Spaces
Home Design
- Metal Roof
Interior Spaces
- 1-Story Property
- Ceiling Fan
- Living Room
- Dining Room
Kitchen
- Electric Oven
- Electric Cooktop
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Patio
Schools
- Parker Elementary School
- Rutherford Middle School
- Rutherford High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
- No Home Owners Association
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $1,617 | $124,106 | $45,227 | $78,879 |
| 2024 | $1,529 | $115,754 | $41,405 | $74,349 |
| 2023 | $1,529 | $108,098 | $33,124 | $74,974 |
| 2022 | $491 | $89,771 | $0 | $0 |
| 2021 | $350 | $73,971 | $0 | $0 |
| 2020 | $350 | $72,950 | $25,480 | $47,470 |
| 2019 | $352 | $73,441 | $25,480 | $47,961 |
| 2018 | $511 | $88,143 | $0 | $0 |
| 2017 | $526 | $88,380 | $0 | $0 |
| 2016 | $547 | $88,880 | $0 | $0 |
| 2015 | $594 | $90,705 | $0 | $0 |
| 2014 | $613 | $92,459 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/22/2026 05/22/26 | For Sale | $285,000 | +103.6% | $204 / Sq Ft | |
| 10/03/2025 10/03/25 | Sold | $140,000 | -12.4% | $100 / Sq Ft | View Prior Sale |
| 09/10/2025 09/10/25 | Pending | -- | -- | -- | |
| 08/26/2025 08/26/25 | Price Changed | $159,900 | -5.9% | $114 / Sq Ft | |
| 06/09/2025 06/09/25 | For Sale | $169,900 | -- | $121 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $140,000 | Cornerstone Title | |
| Warranty Deed | $88,400 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $74,340 | VA |
Source: Central Panhandle Association of REALTORS®
MLS Number: 790214
APN: 24966-000-000
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Ask me questions while you tour the home.