Schedule Tour
$124,995

7101 Cherry St

Panama City, FL
Pending
2
Bedrooms
1
Bathrooms
1,266
Square Feet
0.59
Lot Size (acres)
1949
Year Built
52
Days On Market

Under contract-accepting backup offers. Don’t miss this opportunity in Panama City! Situated on an oversized corner lot of approximately 0.58 acres, 7101 Cherry St offers a unique combination of land, potential, and location that is hard to find. The property features 2 bedrooms, 1 bathroom, a covered carport, and plenty of room to make the property your own. The home is ready for your vision, with an opportunity to add updates, new flooring, and a little TLC to truly bring it to life. The expansive lot provides plenty of possibilities for outdoor space, future improvements, and potential subdivision. Located in a convenient Panama City location, you’ll be just a short drive from the beautiful Gulf Coast beaches and Downtown Panama City, putting you close to restaurants, shopping, entertainment, and everything the area has to offer. Whether you’re looking for a home to customize, an investment opportunity, or a property with additional land potential, 7101 Cherry St is a property you won’t want to miss. With its oversized lot, corner location, and proximity to the beach and downtown, the possibilities are endless.

Take the 3D virtual tour →

Listing Information

Listing Updated
5 days ago
Listed By
Giselle Rachels, 9076712051 · SOUTH CEDAR REAL ESTATE, INC, 8133747907
MLS#
TB8538552
Source
Stellar MLS
Status
Pending

Facts & Features

Location

Community Information

Address
7101 Cherry St, Panama City, FL 32404
City
Panama City
County
Bay
Neighborhood
NO NAMED SUBDIVISION
Zip Code
32404

Architecture

Bedrooms
2
Bathrooms
1
Year Built
1949
Construction Materials
Vinyl Siding
Building Area
1,266 sq. ft.
Roof
Shingle
Levels
One
Garage Spaces
0

Features & Amenities

Interior Features
Eat-in Kitchen
Appliances
Electric Water Heater, Refrigerator, Convection Oven
Flooring
Tile
Exterior Features
None
Cooling
Central Air
Heating
Central

Property Features

Lot Size
0.59 Acres
Water
Public
Sewer
Public Sewer
Utilities
Electricity Connected

Square Footage

Total
800 sq. ft.

Tax & Financial Information

List Price
$124,995
Annual Taxes
$1,080

Schools

73/100
Springfield Elementary School
Grades M–M · 2.8 mi
City
Panama City
Students
409
Student–teacher
12.3
Student body
44% Black · 32% White · 15% Hispanic / Latino
Free/reduced lunch
75%
Phone
(850) 767-4575
70/100
Oscar Patterson Academy
Elementary · Grades PK–04 · 4.3 mi
City
Panama City
Students
394
Student–teacher
15.1
Student body
46% Black · 24% White · 22% Hispanic / Latino
Free/reduced lunch
71%
Phone
(850) 767-1610
62/100
Oscar Patterson Elementary Magnet
Grades M–M · 4.3 mi
City
Panama City
Students
367
Parent reviews
1.0★ avg · 2 reviews
Student body
50% Black · 37% White · 7% Hispanic / Latino
Free/reduced lunch
92%
Phone
(850) 767-4675
61/100
C C Washington Academy
Grades M–M · 4.4 mi
City
Panama City
Students
103
Student body
45% White · 43% Black · 8% Hispanic / Latino
Free/reduced lunch
97%
Phone
(850) 767-5576
55/100
Margaret K. Lewis In Millville
7th & Above · Grades PK–12 · 3.3 mi
City
Panama City
Students
167
Student body
66% White · 16% Black · 9% Hispanic / Latino
Free/reduced lunch
50%
Phone
(850) 767-1792
54/100
Parker Elementary School
Elementary · Grades PK–05 · 1.9 mi
City
Panama City
Students
617
Student body
43% White · 30% Black · 17% Hispanic / Latino
Free/reduced lunch
79%
Phone
(850) 767-4570
54/100
Rutherford High School
High · Grades 06–12 · 3 mi
City
Panama City
Students
1,379
Student body
43% White · 35% Black · 12% Hispanic / Latino
Free/reduced lunch
64%
Phone
(850) 767-4500
54/100
Merriam Cherry Street Elementary
Elementary · Grades PK–05 · 4.5 mi
City
Panama City
Students
362
Student body
50% White · 35% Black · 8% Two or More Races
Free/reduced lunch
70%
Phone
(850) 767-1480

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
09/10/2026Price change$124,995
08/13/2026Listed for sale$135,000

Listed by Giselle Rachels · SOUTH CEDAR REAL ESTATE, INC · 8133747907

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Stellar MLS. All rights reserved.

Last Updated: September 28, 2026 at 5:39 PM | Source: Stellar MLS | MLS#: TB8538552

Let's work together

Start Your Real Estate Journey

Whether you have questions about this listing, want to schedule a showing, or just want to talk through your options, Alene Civil is here to help. Reach out and expect a response within one business day.

How can I help?

Alene Civil is here to help. Reach out and expect a response within one business day.

Lending calculator

Make A Plan For Your Purchase

Know what you can afford before you start shopping — then run the numbers on any home you have in mind.

How much house can I afford?

$500,000
You can afford
$0
Monthly payment
  • Principal & interest
  • Property taxes
  • Homeowner's insurance
  • HOA dues

Enter your income, debts, and down payment to see how much home you may qualify for. Estimates only — not a lending decision.

Want to know more?

Keisha is here to help. Reach out and expect a response within one business day.

Mortgage pre-approval

Your Next Chapter Starts With Just A Few Steps

Before you fall in love with a home, know what you can afford. Fill out a quick pre-approval so you're ready to make your move — on your timeline.

Keisha
Durand
Keisha
LO NMLS: #972729

Pre-approval made easy

We're here to help you find the best option, not to help the best option find you. Trust that your information will not be shared with many different lenders like so many platforms do.