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About This Home

This 3-bedroom, 2-bathroom single family at 5220 Cherry Street in Panama City, FL is listed for $285,000 ($204 per sqft). Built in 1959, the home offers 1,400 sqft of living space on a 0.42 acres lot.

Agent Description

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 re

sidential 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.

Key Features

  • Built in 1959
  • 0.42 acre lot

Property Details

1 story
2 full
1959

Amenities

SolarA/C

Monthly Cost Estimate

$1,524/mo

20% down · 6.5% · 30 years

Principal$206
Interest$1,235
Insurance$83

Estimates only. Actual payments may vary.

Location

5220 Cherry Street

Panama City, FL 32404

No Named Subdivision

Features & Amenities

Exterior Features

Patio

Property Details

Construction

Block

Pool Features

Patio

Heating

CentralElectric (Heating)

Cooling

Ceiling Fan(s)Central Air

Appliances

ElectricCooktopElectricOvenElectricRangeElectricWaterHeater

Questions & Answers

This 3-bedroom, 2-bathroom single family at 5220 Cherry Street is listed at $285,000 ($204/sqft). The estimated monthly payment is $1,235 based on 20% down at 6.5% interest.

Key features include: Built in 1959, 0.42 acre lot. Exterior Features: Patio.

This property is listed by Jessica J Albritton and can be reached at 8502584766 or jjalbritton@gmail.com.

JA

Jessica J Albritton

Agent at Beachy Beach Real Estate

(850) 258-4766

Listed by Beachy Beach Real Estate · View on Broker Site

MLS# 790214· Source: listhub· Updated 10 days ago

Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5220 Cherry Street, Panama City, FL 32404

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