100 Cherry St, Unit 503

Panama City, FL 32401

$305,000
Price
2
Beds
1,250 Sq. Ft.
$244 / Sq. Ft.
1,250
Sq. Ft.
$244
per Sq. Ft.
Get preapproved with Rocket Mortgage1

Description

Seller is MOTIVATED! This is an EXECUTIVE LEVEL opportunity with unbelievable terms. The front office has structured a deal you can't refuse: SELLER FINANCING at a phenomenal 5% INTEREST RATE—a power play that instantly saves you money! With only 20% DOWN and a 30-year amortized schedule (8-year balloon), the path to ownership is clear. This is the moment. Act now! Welcome to the highly sought-after, non-rental Cove Condominiums, where this impeccably renovated two-bedroom, two-bath unit is ready...Seller is MOTIVATED! This is an EXECUTIVE LEVEL opportunity with unbelievable terms. The front office has structured a deal you can't refuse: SELLER FINANCING at a phenomenal 5% INTEREST RATE—a power play that instantly saves you money! With only 20% DOWN and a 30-year amortized schedule (8-year balloon), the path to ownership is clear. This is the moment. Act now! Welcome to the highly sought-after, non-rental Cove Condominiums, where this impeccably renovated two-bedroom, two-bath unit is ready to make its debut. Tired of the rigorous maintenance of a single-family home? Transition seamlessly into a life defined by luxury and leisure. The breathtaking, full-span bay views are the defining feature, stretching from the expansive living room to the serene master suite, both offering direct balcony access. The interior is a masterclass in modern design, featuring premium finishes like granite, stainless steel, new tile and carpet, and a show-stopping marble walk-in shower in the master bath. Ample storage—including a generous kitchen pantry, walk-in closet, and three hallway storage rooms—ensures a clutter-free environment. Complete the experience with easy access to the private community pool and dock. This is more than a home; it's a CHAMPIONSHIP LIFESTYLE. Don't wait for the final whistle—this listing won't last!
  1. Listed by Jennifer Bowman • Beachy Beach Real Estate

Property Details for 100 Cherry Street, Unit 503

Architectural Style
Mid Rise
Waterfront
Yes
Waterfront Features
Bayfront, Seawall
Parking Features
Additional Parking, No Garage, Paved, Parking Lot
Subdivision Name
Cove Condominium
View
Bay
Zoning Description
Resid Single Family
View
Yes
LISTING UPDATED: 02/20/2026 10:16 AM

Property Details for 100 Cherry Street, Unit 503

StatusActive
MLS #780462
Days on Market131
Taxes$5,227 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium / Condominium
Year Built1975
CountyBay County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Beachy Beach Real Estate
Add your commute

Building Information for 100 Cherry Street, Unit 503

Building/Complex100 Cherry StFloor5Stories-Residences-Pet Policy-Pet Policy Details-Year Built1975

Payment Calculator

Get preapproved with Rocket Mortgage1

$1,922 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,487

Property Taxes

$436

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 100 Cherry Street, Unit 503

Summary
Location and General Information
  • City: Panama City
  • County Or Parish: Bay
  • Directions: Hwy 77 south until Cherry Street. Right on Cherry and the complex will be on the left at the corner of Cherry and Beach Dr
  • State Region: FL
  • Postal Code: 32401
  • Latitude: 30.145436
  • Longitude: -85.657037
  • State Or Province: FL
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
  • MLS Area Major: 02 - Bay County - Central
  • MLS Area Minor: 0203 - Bay - Central SW
Taxes and HOA Information
  • Parcel Number: 25678-503-000
  • Association: Yes
  • Tax Annual Amount: $5,227.00
  • Tax Legal Description: COVE CONDOMINUIMS UNIT 503 TYPE A INTERIOR UNIT ORB 4540 P 1375 2BR 2B 1250 H&C
  • Tax Year: 2024
School Information
  • Elementary School: Cherry Street
  • High School: Bay
  • Middle Or Junior School: Jinks
Parking
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Building Area Total: 1250.0
  • Lot Features: Paved
  • Lot Size Dimensions: 0x0
  • Living Area Source: Appraiser
Property and Assessments
  • Year Built: 1975
  • New Construction: No
  • Human Modified: No
Green Features
  • Green Energy Efficient: Appliances
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Available
Interior and Exterior Features
Exterior Features
  • Exterior Features: Dock
  • Pool Features: In Ground, Community
  • Association Amenities: Dock
  • Community Features: Elevator, Pool, Waterfront, Community Pool, Gated
  • Construction Materials: Block, Stucco
  • Foundation Details: Slab
  • Patio And Porch Features: Balcony
  • Security Features: Building Security, Carbon Monoxide Detectors, Fire Sprinkler System, Gated Community, Security Fence, Security Lights, Fire Alarm, Smoke Detectors
  • Roof: Metal
Interior Features
  • Bathrooms Full: 2
  • Bathrooms Total: 2
  • Bedrooms Total: 2
  • Rooms Total: 4
  • Cooling: Yes
  • Cooling: Central Air, Ceiling Fans, Energy Star Qualified Equipment
  • Heating: Yes
  • Heating: Central, Electric, Energy Star Qualified Equipment
  • Appliances: Energy Star Qualified Appliances, Electric Cooktop, Electric Oven, Electric Range
  • Window Features: Double Pane Windows
Room Information
Room 1
  • Room Dimensions: 11 x 12
  • Room Length: 11.0
  • Room Level: Fifth
  • Room Type: Bedroom
  • Room Width: 12.0
Room 2
  • Room Dimensions: 14 x 12
  • Room Length: 14.0
  • Room Level: Fifth
  • Room Type: Bedroom
  • Room Width: 12.0
Room 3
  • Room Dimensions: 12 x 9
  • Room Length: 12.0
  • Room Level: Fifth
  • Room Type: Kitchen
  • Room Width: 9.0
Room 4
  • Room Dimensions: 27 x 15
  • Room Length: 27.0
  • Room Level: Fifth
  • Room Type: Living Room
  • Room Width: 15.0
Multi Family
Multi-Family Information
  • Units Furnished: None
Mobile Home
Mobile Home Information
  • Mobile Dim Units: Feet
Rental
Rental Information
  • Occupant Type: Vacant

Property History for 100 Cherry Street, Unit 503

DateEvent & SourcePriceAppreciation
Feb 17, 2026

Price Change

ECAR #988055

$305,000—
Feb 15, 2026

Price Change

CPAR #780462

$305,000—
Jan 22, 2026

Price Change

ECAR #988055

$315,000—
Jan 21, 2026

Price Change

CPAR #780462

$315,000—
Jan 21, 2026

Price Change

ECAR #988055

$320,000—
Jan 21, 2026

Price Change

CPAR #780462

$320,000—
Oct 22, 2025

Price Change

ECAR #988055

$315,000—
Oct 22, 2025

Listed (Active)

ECAR #988055

$330,000—
Oct 16, 2025

Listed (Active)

CPAR #780462

$330,000—
Sep 4, 2025

Withdrawn

CPAR #772859

$345,000—
May 2, 2025

Listed (Active)

CPAR #772859

$345,000—
Apr 28, 2025

Withdrawn

ECAR #959071

$349,000—
Apr 28, 2025

Withdrawn

CPAR #760553

$349,000—
Feb 4, 2025

Listed (Active)

ECAR #959071

$358,000—
Jul 26, 2024

Listed (Active)

CPAR #760553

$362,000—
Mar 21, 2022

Sold (Public Record)

Public Record #1486348074

$310,000—
Mar 21, 2022

Sold

CPAR #721290

$310,000—
Mar 11, 2022

Pending

CPAR #721290

—
Jan 20, 2022

Listed (Active)

CPAR #721290

$320,000—
DateEvent & SourcePrice
02/17/2026

Price Change

ECAR #988055

$305,000
02/15/2026

Price Change

CPAR #780462

$305,000
01/22/2026

Price Change

ECAR #988055

$315,000
01/21/2026

Price Change

CPAR #780462

$315,000
01/21/2026

Price Change

ECAR #988055

$320,000
01/21/2026

Price Change

CPAR #780462

$320,000
10/22/2025

Price Change

ECAR #988055

$315,000
10/22/2025

Listed (Active)

ECAR #988055

$330,000
10/16/2025

Listed (Active)

CPAR #780462

$330,000
09/04/2025

Withdrawn

CPAR #772859

$345,000
05/02/2025

Listed (Active)

CPAR #772859

$345,000
04/28/2025

Withdrawn

ECAR #959071

$349,000
04/28/2025

Withdrawn

CPAR #760553

$349,000
02/04/2025

Listed (Active)

ECAR #959071

$358,000
07/26/2024

Listed (Active)

CPAR #760553

$362,000
03/21/2022

Sold (Public Record)

Public Record #1486348074

$310,000
03/21/2022

Sold

CPAR #721290

$310,000
03/11/2022

Pending

CPAR #721290

—
01/20/2022

Listed (Active)

CPAR #721290

$320,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 100 Cherry Street, Unit 503

Taxable ValueLand-Additions$290,663Total-
Tax Record2025$4,591 ($383 / month)
Home Facts
Beds2Total Finished SqFt1,250 SqFtAbove Grade Finished SqFt1,250 SqFtStories1StyleCondominiumYear Built1975CountyBAYAPN25678-503-000

Schools near 100 Cherry Street, Unit 503

This home is within Bay.
Rating
School
Type
Grades
Distance
Merriam Cherry Street Elementary School
Public - PK to 5
Jinks Middle School
Public - 6 to 8
Bay High School
Public - 9 to 12
AMIKIDS Maritime Academy
Charter - 9 to 12
Rating
School
Distance
Merriam Cherry Street Elementary School
PublicPK to 5

Jinks Middle School
Public6 to 8

Bay High School
Public9 to 12

AMIKIDS Maritime Academy
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 100 Cherry Street, Unit 503, Panama City, FL 32401

100 Cherry Street, Unit 503 is a condo for sale in Panama City, FL 32401. This property was listed for sale on October 16, 2025 by Beachy Beach Real Estate, it's currently listed at $305,000. It has been on the market for a total of 131 days and was last sold on March 21, 2022. This listing's school district is Bay. Nearby schools include Merriam Cherry Street Elementary School, Jinks Middle School and Bay High School. 100 Cherry Street, Unit 503 is a 2-bed, 2-bath, 1,250 sqft condo built in 1975.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Beachy Beach Real Estate

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2026 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.