141 Cheri Ln

Panama City, FL 32404

$650,000
Price
9
Beds
4,280 Sq. Ft.
$152 / Sq. Ft.
4,280
Sq. Ft.
$152
per Sq. Ft.
a view of a house with a yard porch and sitting area
a view of a city
a view of yard with an outdoor space
an aerial view of a house with a garden
an aerial view of a house
an aerial view of multiple houses
a house view with a garden space
view of a city with an ocean view
view of a city with an ocean from a balcony
an aerial view of a house with a lake view
wooden floor in an empty room
a kitchen with granite countertop white cabinets and white appliances
a kitchen with stainless steel appliances granite countertop a sink a stove a refrigerator and white cabinets
an empty room with a ceiling fan and window
an empty room with a window and a ceiling fan
a bathroom with a granite countertop sink and a mirror
a view of an empty room
a view of an empty room
a view of an empty room and room
a bathroom with a sink toilet and shower

Description

This impressive two-story quadplex in Panama City presents a prime investment opportunity. Fully rented and generating $4,950 monthly, this eight-bedroom, nine-bathroom property spans more than 4,280 square feet of heated and cooled space. With a new roof, newer water heaters and updated interiors and exteriors, this property offers both stability and modern amenities. Comprising three two-bedroom, 1.5-bath units (972 square feet each) and one spacious three-bedroom, two-bath unit (1,364 square feet),...This impressive two-story quadplex in Panama City presents a prime investment opportunity. Fully rented and generating $4,950 monthly, this eight-bedroom, nine-bathroom property spans more than 4,280 square feet of heated and cooled space. With a new roof, newer water heaters and updated interiors and exteriors, this property offers both stability and modern amenities. Comprising three two-bedroom, 1.5-bath units (972 square feet each) and one spacious three-bedroom, two-bath unit (1,364 square feet), this property is designed to attract and retain tenants. Each unit features updated flooring, refreshed kitchens and new paint throughout. The exterior has been similarly revitalized, ensuring excellent curb appeal. Ideal for investors and military personnel, this property is located in a great area, offering easy access to local amenities and services. With a new HVAC system and updated fixtures, this quadplex is fully equipped to continue generating reliable rental income.

Property Details for 141 Cheri Lane

Zoning
Resid Multi-Family
Architectural Style
Fourplex
Subdivision Name
No Named Subdivision
LISTING UPDATED: 11/07/2025 09:45 AM

Property Details for 141 Cheri Lane

StatusActive
MLS #986541
Days on Market75
Taxes$5,748 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential / Attached Single Unit
Year Built1984
Lot Size0.26 AC / 11,325 SF
CountyBay County

Location

Listing Courtesy of Scenic Sotheby's International Realty
Add your commute

Building Information for 141 Cheri Lane

Stories2Residences-Year Built1984Lot Size0.26 AC / 11,325 SF

Payment Calculator

$3,691 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,212

Property Taxes

$479

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 141 Cheri Lane

Summary
Location and General Information
  • Directions: From Panama City Mall, Turn left onto N Cove Blvd/Martin Luther King Jr Blvd. Turn left onto US-98 BUS E. Turn left onto Cheri Ln. The property is on the left.
  • MLS Area Minor: 2702 - Bay - Central SE
  • MLS Area Major: 27 - Bay County
  • Latitude: 30.132476
  • Longitude: -85.597317
  • Location Tax and Legal:Sub Area: 2702 - Bay - Central SE
  • Location Tax and Legal:Elementary School: Parker
  • Location Tax and Legal:Middle School: Rutherford ( Middle )
  • Location Tax and Legal:High School: Rutherford
  • Location Tax and Legal:Legal Description: W H PARKER PLAT (2.98) BEG 136.14'S OF NE COR LOT 27 TH CONT S 18' W 135' N 18' E 135' TO POB AKA PCL 6 ORB 3713 P 483
Taxes and HOA
  • Tax Legal Description: W H PARKER PLAT (2.98) BEG 136.14'S OF NE COR LOT 27 TH CONT S 18' W 135' N 18' E 135' TO POB AKA PCL 6 ORB 3713 P 483
  • Parcel Number: 25249-300-000
  • Association Fee: $0
  • Tax Annual Amount: $5,748
  • Listing Info Tax Legal:Last Taxes: $5,748
  • Listing Info Tax Legal:Last Tax Year: 2024.0
School Information
  • Elementary School: Parker
  • Middle Or Junior School: Rutherford ( Middle )
  • High School: Rutherford
Parking
  • Carport YN: No
Property
Lot Information
  • Building Area Source: County PA Records
  • Lot Size Dimensions: 135x84
  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Units: Acres
  • Property Condition: Renovated, Construction Complete
  • Lot Features: Cleared, Dead End, Interior, Level
  • Building Area Total: 4280.0
  • Lot Size Square Feet: 11325.6
  • General Property Info:SqFt Source: County PA Records
  • LotParcel Access: Paved Road
  • Lot Features: Cleared, Dead End, Interior, Level
Property and Assessments
  • Road Surface Type: Paved
  • Tax Year: 2024.0
  • Floor Plans Count: 0.0
  • Property Type: Residential
  • Year Built: 1984.0
  • Property Sub Type: Attached Single Unit
  • New Construction YN: No
  • General Property Info:Sub-Type: Attached Single Unit
  • General Property Info:Design: Fourplex
  • Listing Info Tax Legal:Homestead: No
  • Construction Status: Construction Complete
  • Construction Siding: Roof Composite Shngl, Siding CmntFbrHrdBrd, Siding Wood
Utilities
  • Sewer: Public Sewer
  • Utilities: Electric, Public Water
  • Electric: True
  • Utilities: Electric, Public Sewer, Public Water
  • Energy: AC - Central Elect, Heat Cntrl Electric, Water Heater - Elect
Interior and Exterior Features
Exterior Features
  • Construction Materials: Siding CmntFbrHrdBrd, Siding Wood
  • Stories: 2.0
  • General Property Info:Pool: No
  • General Property Info:Pool Type: None
Interior Features
  • Heating: Central
  • Cooling: Central Air
  • Interior Features: Newly Painted
  • Flooring: Floor Tile
  • Room Type: Living Room, Kitchen, Half Bathroom, Master Bedroom, Bedroom, Full Bathroom
  • Rooms Total: 14.0
  • Bathrooms Total Integer: 8.0
  • Bathrooms Total Decimal: 6.5
  • Bathrooms Total Notational: 5.3
  • Cooling YN: Yes
  • Heating YN: Yes
  • Bedrooms Total: 9.0
  • Bathrooms Full: 5.0
  • Bathrooms Half: 3.0
  • Interior: Floor Tile, Furnished - None, Newly Painted, Renovated2
Room Information
Room 1
  • Room Type: Living Room
  • Room Level: First
  • Room Length: 13.0
  • Room Width: 13.0
  • Room Dimensions: 13 x 13
Room 2
  • Room Type: Kitchen
  • Room Level: First
  • Room Length: 10.0
  • Room Width: 8.0
  • Room Dimensions: 10 x 8
Room 3
  • Room Type: Half Bathroom
  • Room Level: First
  • Room Length: 6.0
  • Room Width: 3.0
  • Room Dimensions: 6 x 3
Room 4
  • Room Type: Master Bedroom
  • Room Level: Second
  • Room Length: 13.0
  • Room Width: 9.0
  • Room Dimensions: 13 x 9
Room 5
  • Room Type: Master Bedroom
  • Room Level: Second
  • Room Length: 13.0
  • Room Width: 9.0
  • Room Dimensions: 13 x 9
Room 6
  • Room Type: Bedroom
  • Room Level: Second
  • Room Length: 13.0
  • Room Width: 9.0
  • Room Dimensions: 13 x 9
Room 7
  • Room Type: Bedroom
  • Room Level: Second
  • Room Length: 13.0
  • Room Dimensions: 13 x 9
Room 8
  • Room Type: Master Bedroom
  • Room Level: Second
  • Room Length: 13.0
  • Room Width: 9.0
  • Room Dimensions: 13 x 9
Room 9
  • Room Type: Bedroom
  • Room Level: Second
  • Room Length: 13.0
  • Room Width: 9.0
  • Room Dimensions: 13 x 9
Room 10
  • Room Type: Master Bedroom
  • Room Level: Second
  • Room Length: 13.0
  • Room Width: 9.0
  • Room Dimensions: 13 x 9
Room 11
  • Room Type: Bedroom
  • Room Level: Second
  • Room Length: 13.0
  • Room Width: 9.0
  • Room Dimensions: 13 x 9
Room 12
  • Room Type: Full Bathroom
  • Room Level: Second
  • Room Length: 10.0
  • Room Width: 6.0
  • Room Dimensions: 10 x 6
Multi Family
Multi Family Information
  • Furnished: Furnished - None
Rental
Rent Information
  • General Property Info:Immediate Occupancy: No
  • Listing Info Tax Legal:Is Subject Leased: Yes
  • Listing Info Tax Legal:Lease Expiration Dt: 12-31-2024
  • Existing Leases: Month To Month2

Property History for 141 Cheri Lane

DateEvent & SourcePriceAppreciation
Oct 1, 2025

Listed (Active)

ECAR #986541

$650,000—
Jul 6, 2025

Expired

ECAR #955951

$599,000—
Aug 1, 2024

Listed (Active)

ECAR #955951

$650,000—
Mar 18, 2022

Sold

CPAR #721307

$450,000—
Jan 23, 2022

Pending

CPAR #721307

—
Jan 21, 2022

Listed (Active)

CPAR #721307

$395,000—
May 12, 2020

Withdrawn

CPAR #696984

$190,000—
Apr 30, 2020

Listed (Active)

CPAR #696984

$160,000—
Oct 31, 2012

Sold (Public Record)

Public Record #342161174

$65,000—
Dec 31, 2011

Expired

CPAR #417434

$124,900—
Jun 4, 2011

Listed (Active)

CPAR #417434

$124,900—
Dec 31, 2010

Expired

CPAR #408094

$140,000—
Jul 6, 2010

Listed (Active)

CPAR #408094

$149,900—
DateEvent & SourcePrice
10/01/2025

Listed (Active)

ECAR #986541

$650,000
07/06/2025

Expired

ECAR #955951

$599,000
08/01/2024

Listed (Active)

ECAR #955951

$650,000
03/18/2022

Sold

CPAR #721307

$450,000
01/23/2022

Pending

CPAR #721307

—
01/21/2022

Listed (Active)

CPAR #721307

$395,000
05/12/2020

Withdrawn

CPAR #696984

$190,000
04/30/2020

Listed (Active)

CPAR #696984

$160,000
10/31/2012

Sold (Public Record)

Public Record #342161174

$65,000
12/31/2011

Expired

CPAR #417434

$124,900
06/04/2011

Listed (Active)

CPAR #417434

$124,900
12/31/2010

Expired

CPAR #408094

$140,000
07/06/2010

Listed (Active)

CPAR #408094

$149,900

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

Public Records for 141 Cheri Lane

Taxable ValueLand$15,960Additions$68,195Total$84,155
Tax Record2021$1,317 ($110 / month)
Home Facts
Beds2Total Finished SqFt972 SqFtAbove Grade Finished SqFt972 SqFtStories2Lot Size11,326 SqFtStyleTownhouseYear Built1984Year Renovated1984CountyBAYAPN25249-300-000Fireplace TypeHas Fireplace

Schools near 141 Cheri Lane

This home is within Bay.
Rating
School
Type
Grades
Distance
Parker Elementary School
Public - PK to 5
Rutherford High School
Public - 6 to 12
Margaret K. Lewis In Millville
Public - PK to 12
Oscar Patterson Academy
Public - PK to 2
Rating
School
Distance
Parker Elementary School
PublicPK to 5

Rutherford High School
Public6 to 12

Margaret K. Lewis In Millville
PublicPK to 12

Oscar Patterson Academy
PublicPK to 2

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.

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More information about 141 Cheri Lane, Panama City, FL 32404

141 Cheri Lane is a townhouse for sale in Panama City, FL 32404. This property was listed for sale on October 1, 2025 by Scenic Sotheby's International Realty, it's currently listed at $650,000. It has been on the market for a total of 75 days and was last sold on March 18, 2022. This listing's school district is Bay. Nearby schools include Parker Elementary School, Rutherford High School and Margaret K. Lewis In Millville. 141 Cheri Lane is a 9-bed, 8-bath, 4,280 sqft townhouse built in 1984.

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 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.

Listing Courtesy of Scenic Sotheby's International Realty

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© 2025 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.