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$239,500

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
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Investor Alert! Dual-Opportunity Property on a Huge Lot in Callaway! Are you looking to break into investment real estate or expand your portfolio? This property offers multiple income opportunities in one deal! Located at 7101 Cherry Street, this oversized lot once hosted two separate homes now presenting the perfect chance to revitalize the existing house with a little TLC for rental income and explore the potential to build an additional home for maximum use and profit. Situated on busy Cherry Street in Callaway, this location puts you close to schools, shopping, restaurants, and major conveniences, making it ideal for tenants and homeowners alike. Whether you're an experienced investor or a first-time buyer ready to build wealth, this property delivers the space, location, and opportunity to make it happen. Act fast. Opportunities like this don't last long!

Full Property Details for 7101 Cherry St

General

  • Price: $239,500
  • Taxes: $1,030 (2024)
  • Status: Active
  • Type: Single Family
  • Source: Bay_County
  • MLS ID: 781433
  • Updated: 12/1/2025
  • Added to Site: 68 day(s) ago

Interior

  • Number of Rooms: 2

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Location

  • County: Bay
  • Subdivision: No Named Subdivision
  • Driving Directions: Get on US-98 E from C R 392/Navy Blvd/Thomas Dr 2 min (1.2 mi) Keep left to continue on US-98 E  7 min (3.8 mi) Turn right onto Frankford Ave  2 min (0.7 mi)  Follow US-98 BUS E to Cherry St in Springfield 11 min (5.2 mi) Turn left onto Cherry St  Destination will be on the left

School Information

  • Elementary School: Callaway
  • Middle School: Rutherford Middle
  • High School: Rutherford

Community

  • Community Name: 02 - Bay County - Central

Structural Information

  • Architectural Style: Other
  • Sq. Ft. Source: Appraiser
  • Year Built: 1949

Lot Features

  • Lot Size (Acres): 0.59
  • Lot Size (Sq. Ft.): 25,613
  • Lot Size: .59
  • Lot Dimensions: 135 x 190
  • Frontage: City Street
  • Zoning: Resid Single Family

Financial Considerations

  • Tax Amount: $1,030
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: 8 4S 13W -96- 131D3 BEG AT SE COR OF SW1/4 OF SW1/4 TH N 210' W 150' S 210' E 150' TO POB LESS ROAD ROW TO CHERRY ST & FOX AVE (ORB 499 P 483 DB 80 P 122) ORB 811 P 524 ORB 2076 P 27 ORB 2898 P 8 4S 13W -96- 131D3 BEG AT SE COR OF SW1/4 OF SW1/4 TH N 210' W 150' S 210' E 150' TO POB LESS ROAD ROW TO CHERRY ST & FOX AVE (ORB 499 P 483 DB 80 P 122) ORB 811 P 524 ORB 2076 P 27 ORB 2898 P 848
  • Property ID: 06496-000-000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 7101 Cherry St —

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 7101 Cherry St

School District:Bay County School District
NameGradesDistance
Callaway Elementary School
7115 E Highway 22, Panama City, FL 32404
K-50.6 mi
Rutherford High School
1000 School Avenue, Panama City, FL 32401
6-83 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7101 Cherry St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/08/2025
Listed
$239,500
404.21%
MLS
3/06/2007
Sold
$47,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7101 Cherry St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,030
-16%
$75,076
-15%
2023
$1,228
27%
$88,610
22%
2021
$967
-7%
$72,924
-10%
2022
$1,042
8%
$81,247
17%
2021
$967
69%
$69,729
63%
2019
$572
-34%
$42,762
-37%
2018
$872
-2%
$68,229
1%
2017
$894
-2%
$67,387
—
2016
$916
-3%
$67,268
—
2015
$947
-1%
$67,437
-1%
2014
$952
-2%
$67,880
-10%
2013
$974
—
$75,743
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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7101 Cherry Street, Panama City, FL 32404 (MLS# 781433) is a Single Family property with 2 bedrooms and 1 full bathroom. 7101 Cherry Street is currently listed for $239,500 and was received on November 09, 2025. This property is listed by Catriese Johnson from our Panama City Beach - Thomas Dr. Office.Want to learn more about 7101 Cherry Street? Do you have questions about finding other Single Family real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

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