7101 CHERRY STREET
PANAMA CITY, FL 32404
About this home
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.
Facts & features
Interior
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 800 sqft
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Tile
- Features
- Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor
- Appliances
- Convection Oven, Electric Water Heater, Refrigerator
Exterior & lot
- Lot size
- 25,613 sqft (0.59 ac)
- Roof
- Shingle
- Construction
- Vinyl Siding
- Exterior
- None
Parking
- Carport
- 1 space
Financial
- Annual tax
- $1,081 (2025)
- Price / sqft
- $169/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Connected
Property
- Property type
- Single Family
- Year built
- 1949
- Subdivision
- X
- County
- Bay
Listing
- Status
- Active
- Days on market
- Today
- MLS #
- MFR802671308
- Source
- Stellar MLS
Listed by Giselle Rachels · SOUTH CEDAR REAL ESTATE, INC
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 30 comparable sales within 3 miles of PANAMA CITY, FL, this home is priced over RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $719/mo
- Property tax
- $90/mo
- Home insurance
- $200/mo
Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 13, 2026 | Listed | $135,000 | — |
NeighbourhoodSample data
Reference scores for PANAMA CITY, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
Frequently asked questions
What would 7101 CHERRY STREET, PANAMA CITY cost per month?
About $840 a month: $683 principal and interest, $90 property tax, $68 insurance. That assumes 20% down at 6.5% over 30 years.
Is 7101 CHERRY STREET, PANAMA CITY priced fairly?
It is listed at $135,000. There are not enough recent comparable sales close by to put a range around that yet, so the asking price is the honest answer.
How does 7101 CHERRY STREET, PANAMA CITY compare to nearby homes?
1 comparable property within three miles. The nearest: 5205 11TH STREET, PANAMA CITY, FL at $134,500, 1,067 sq ft, 2.17 miles away.
How long has 7101 CHERRY STREET, PANAMA CITY been on the market?
It came on the market today.
Has the price of 7101 CHERRY STREET, PANAMA CITY changed?
The price has not moved since it was listed.
How big is 7101 CHERRY STREET, PANAMA CITY?
2 bed, 1 bath, 800 square feet. That is $169 a square foot.
What year was 7101 CHERRY STREET, PANAMA CITY built?
Built in 1949.
What is the HOA fee at 7101 CHERRY STREET, PANAMA CITY?
The feed lists no association fee for this property.
What are the property taxes at 7101 CHERRY STREET, PANAMA CITY?
Property tax works out to about $90 a month, $1,081 a year.
Is 7101 CHERRY STREET, PANAMA CITY still available?
It is still on the market.
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