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Parker 32404
5220 Cherry Street
$265,000
● House - Off Market

5220 Cherry Street

Panama City, FL 32404
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$1,321
Est. Monthly

About This Property

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS

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.
Unit Size
1,400 Ft²
Days on Market
147 days
Land Size
0.42 acres
Price per sqft
$192
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1959

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Last updated: 11 days ago ( #790214)

Price History

Date / Event Date Event Price
Oct 16, 2026 Sold
Sold
Sep 15, 2026 In contract -
In contract
Aug 27, 2026 Listed by Beachy Beach Real Estate $269,000
Listed by Beachy Beach Real Estate
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.
Aug 25, 2026 Price Decreased $275,000
↓ $3K (1.1%)
Price Decreased
Aug 13, 2026 Price Decreased $278,000
↓ $2K (0.7%)
Price Decreased
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Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 336
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 59
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,164
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 1,300
  • Total Building Area: 1,400
  • Gross Building Area: 1,400
  • Building Area: 1,400
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,400
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WM. L. WILSON PLAT
  • Land Acres: 0000000417
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: 13 4S 14W -78-119A1 LOT 7 BLK 2 WM. L. WILSON PLAT AS PER ORB 25 P 373 DESC; AS BEG 1165 E & 25 S OF NW COR OF NE1/4 TH E 130 S 140 W 130 N 140 TO BEG ORB 4609 P 1646

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 000900

Geography

  • Parcel: 24966-000-000
  • Block: 2
  • Lot: 7
  • Meridian: SEC 13 TWN 04S RNG 14W
  • Municipality: CITY OF PARKER
  • Latitude: 30.1454
  • Longitude: -85.5956

    Address

  • Full Address: 5220 Cherry St
  • Address - House Number: 5220
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: FL
  • City Name: Panama City
  • Carrier Code: C002
  • 4-Digit Zip Code: 6730
  • Zip Code: 32404

Valuation

    Tax

  • Total Area: 1,662
  • Tax Year: 2023
  • Tax Amount: $152,878
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.0983
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 90
  • Final Value: 201,575
  • High Value: 221,403
  • Low Value: 181,747

    Market Valuation

  • Market Total Value: $108,098
  • Market Land Value: $33,124
  • Market Improvement Value: $74,974

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $108,098
  • Assessed Land Value: $33,124
  • Assessed Improvements Value: $74,974

    Sales

  • Current Sale Contract Date: Apr 05, 2004
  • Current Sale Recording Date: Apr 12, 2004
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2004-025550
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Parker


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Frequently Asked Questions

When was property at 5220 Cherry Street built and last sold?
The property at 5220 Cherry Street was built in 1959 and last sold on Apr 5, 2004 for $88,400.
How much is this home worth?
The estimated value of the home located at 5220 Cherry Street is $271,398.
What are some comparable homes to 5220 Cherry Street?
There are currently no comparable homes to 5220 Cherry Street.