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For sale
  • Price cut: $2.5K (7/31)
    $280,000

    5220 Cherry St, Panama City, FL 32404

    3beds
    1,400sqft
    : 
    $1,798/mo
    Get pre-qualified
    Single Family Residence
    Built in 1959
    0.42 Acres Lot
    $-- Zestimate®
    $200/sqft
    $-- HOA

    What's special

    Beautifully remodeled propertyEnsuite bathOversized corner lotWorking irrigation pumpDining areaDrive-through carportNew stainless appliance package
    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.
    70 days
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    448
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    41
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jessica J Albritton 850-258-4766,

    Beachy Beach Real Estate

    Source: CPAR,MLS#: 790214MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Bedroom, Dining Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
      Primary bedroom
      • Level: First
      • Dimensions: 13 x 13
      Bedroom
      • Level: First
      • Dimensions: 9 x 21
      Bedroom
      • Level: First
      • Dimensions: 10 x 11
      Primary bathroom
      • Level: First
      • Dimensions: 8 x 8
      Dining room
      • Level: First
      • Dimensions: 10 x 10
      Kitchen
      • Level: First
      • Dimensions: 10 x 10
      Living room
      • Level: First
      • Dimensions: 16 x 16
      Heating
      • Central, Electric
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
      Features
      • Main Level Primary, Shower Only, Walk-In Closet(s)
      Interior area
      • Total structure area: 1,400
      • Total interior livable area: 1,400 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Drive Through
      • Covered spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Patio
      • Exterior features: Patio
      • Pool features: Other, See Remarks
      • Fencing: Full,Fenced
      Lot
      • Size: 0.42 Acres
      • Dimensions: 130 x 140
      • Features: Paved
      Details
      • Parcel number: 24966000000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Block
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1959

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Electricity Available

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Subdivision: No Named Subdivision
      HOA
      • Has HOA: No
      Location
      • Region: Panama City

      Financial & listing details

      • Price per square foot: $200/sqft
      • Tax assessed value: $115,754
      • Annual tax amount: $1,617
      • Date on market: 5/22/2026
      • Cumulative days on market: 72 days
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/31/2026Price change$280,000-0.9%$200/sqft
        Source: CPAR #790214 Report a problem
        7/8/2026Price change$282,500-0.9%$202/sqft
        Source: CPAR #790214 Report a problem
        5/22/2026Listed for sale$285,000+103.6%$204/sqft
        Source: CPAR #790214 Report a problem
        10/3/2025Sold$140,000-12.4%$100/sqft
        Source: ECAOR #978654 Report a problem
        9/10/2025Pending sale$159,900$114/sqft
        Source: CPAR #774579 Report a problem
        8/26/2025Price change$159,900-5.9%$114/sqft
        Source: ECAOR #978654 Report a problem
        6/9/2025Listed for sale$169,900-10.5%$121/sqft
        Source: CPAR #774579 Report a problem
        11/6/2024Listing removed$189,900$136/sqft
        Source: CPAR #755817 Report a problem
        10/7/2024Contingent$189,900$136/sqft
        Source: CPAR #755817 Report a problem
        7/31/2024Price change$189,900-5%$136/sqft
        Source: CPAR #755817 Report a problem
        4/17/2024Listed for sale$199,900-7%$143/sqft
        Source: CPAR #755817 Report a problem
        2/29/2024Listing removed--
        Source: CPAR #743085 Report a problem
        9/22/2023Listing removed$214,900$154/sqft
        Source: CPAR #743085 Report a problem
        9/21/2023Listed for sale$214,900+13.2%$154/sqft
        Source: CPAR #743085 Report a problem
        7/9/2023Listing removed--
        Source: CPAR #743085 Report a problem
        6/27/2023Listed for sale$189,900+114.8%$136/sqft
        Source: CPAR #743085 Report a problem
        4/12/2004Sold$88,400$63/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$1,617 +5.8%$115,754 +7.1%
        2023$1,529 +211.3%$108,098 +20.4%
        2022$491 $89,771
        2021-- --
        2020$350 -0.6%$72,950 -0.7%
        2019$352 $73,441 -16.7%
        2018$352 -31.1%$88,143 -0.3%
        2017$511 -2.9%$88,380 -0.6%
        2016$526 -11.4%$88,880 -2%
        2015$594 $90,705 -1.9%
        2014$594 $92,459 -0.5%
        2013-- $92,939 -0.7%
        2012-- $93,576 -4%
        2011-- $97,479 +1.5%
        2010-- $96,038 +2.7%
        2009-- $93,512 +0.1%
        2008-- $93,419 +3%
        2007-- $90,698 +6.8%
        2006-- $84,962 +5.2%
        2005-- $80,744 +30%
        2004-- $62,091 +22.1%
        2003-- $50,850 +2.4%
        2002-- $49,658 +1.6%
        2001-- $48,876 +0.7%
        2000-- $48,559
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32404

        Getting around

        61 / 100
        Somewhat Walkable
        23 / 100
        Minimal Transit
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Parker
        • Middle: Rutherford Middle
        • High: Rutherford

        Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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