$285,000

5220 Cherry St Panama City, FL 32404

Estimated payment $1,666/month

Total Views 907
3 Beds
2 Baths
1,400 Sq Ft
$204 Price per Sq Ft

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.

Listing Agent

Jessica Albritton

Beachy Beach Real Estate License #0706690 Listed on: 05/22/2026

Beachy Beach Real Estate

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

Home Details

Home Type

Single Family

Year Built

Built in 1959

Lot Details

0.42 Acres

Listing Details

  • Property Type: Residential
  • Year Built: 1959
  • Property Sub Type: Single Family Residence
  • Lot Size Acres: 0.42
  • Lot Size: 130x140
  • Subdivision Name: No Named Subdivision
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
  • Interior Amenities: Main Level Primary, Shower Only, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Dining Room Type: Bedroom, Dining Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
  • Stories: 1

Exterior Features

  • Pool Features: Other, See Remarks
  • Fencing: Full, Fenced
  • Waterfront: No
  • Construction Type: Block
  • Exterior Features: Patio
  • Patio And Porch Features: Patio
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Parking Features: Drive Through
  • Garage: No
  • Attached Garage: No

Utilities

  • Utilities: Electricity Available
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Short Term Rental Allowed
  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Rutherford Middle

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 18200.0

Multi Family

  • Number Of Units Total: 1
  • Number Of Units Furnished: None

MLS Schools

  • Elementary School: Parker
  • High School: Rutherford

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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
Source: Central Panhandle Association of REALTORS®

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 --
Source: Public Records

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: Public Records

Source: Central Panhandle Association of REALTORS®

MLS Number: 790214

Central Panhandle Association of REALTORS®

APN: 24966-000-000

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