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100 Cherry Street #604

Panama City, FL 32401
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Bed 3

Bed

Bath 3

Bath

MOTIVATED SELLER! Now offered with a $96,000 price reduction, this rare double-unit waterfront residence at The Cove presents an exceptional opportunity for both luxury living and investment potential. Originally Units 604 and 605, this expansive 2,701 sq. ft. bayfront residence was thoughtfully combined into one remarkable home. For buyers seeking flexibility, the property offers the unique possibility of being converted back into two separate condominium units, creating the potential for increased rental income, resale opportunities, or multigenerational living. Framed by sweeping views of St. Andrews Bay and Shell Island, this mid-century-inspired residence features full-height sliders spanning the length of the home, opening to two spacious balconies and creating a seamless connecti on to the waterfront. Automated hurricane shutters and remote-controlled sunshades provide comfort, convenience, and peace of mind. Recent updates include refreshed parquet flooring, designer lighting, and freshly painted interiors. The chef's kitchen is equipped with a Wolf cooktop, Maytag oven, and built-in JennAir microwave. Three private bedroom suites each feature their own full bath, while the owner's suite offers balcony access, panoramic bay views, and dual custom walk-in closets. A bayfront office with built-ins creates an inspiring workspace overlooking the water. Additional highlights include two recently replaced HVAC systems, two private storage units, and two dedicated parking spaces conveniently located near the elevator. Residents enjoy access to The Cove's waterfront pool, clubhouse, and private dock, all just minutes from Historic Downtown Panama City's thriving arts, dining, and entertainment district. This is a truly rare opportunity to own one of the largest and most distinctive waterfront residences in the area while also benefiting from the flexibility and value of what was originally two separate condominium units. Whether you're looking for an exceptional primary residence, second home, or investment opportunity, this property offers possibilities that are difficult to find on the Gulf Coast.

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Detail Ic Property Details

Property Type : Residential

Price : $399,000

AD Id : 75059966

MLS Id : 784711

Beds : 3

Tax Amount : $10,267

Year Built : 1975

County : Bay

Subdivision: 50 Biscayne

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Room Information

    Rooms Total: 3

    Roofing Information

    Clay
  • Interior Features

    Balcony, DoubleVanity, MainLevelPrimary, TubShower, WalkInClosets
    Roof: Clay
    Appliances: ConvectionOven, ElectricCooktop, ElectricOven, ElectricWaterHeater
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir, MultiUnits Water front: 1

  • Building Information

    Year Built: 1975
    Building Area Total: 2701
    Construction Materials: Concrete
    Stories: 7
    Patio And Porch Features: Balcony
    Pool Features: InGround, Community
    Private Pool: No
    Water front Features: Bayfront,Seawall
    View: Bay
    Association Fee Frequency: Quarterly
  • Exterior Features

    Exterior Features: Dock

  • Lot Information

    Lot Dimensions: 0x0 Lot Description: Paved

    Property Information

    Subdivision: Cove Condominium Source Property Type: Residential MLS Area Minor: 0203 - Bay - Central SW Zoning Description: Resid Multi-Family Property SubType: Condominium Property Age: 51

  • Listing Price Information

    Listing Price: $399000
    Original Price: $495000

  • Tax Information

    Parcel Number: 25678-604-000 Tax Year: 2025 Annual Tax: $10267 Tax Legal Desc: COVE CONDOMINIUMS UNIT 604 TYPE B & 605 TYPE C 4BR 3B 2701 H&C ORB 3616 P 1967

  • Parking Information

    AdditionalParking, Paved, ParkingLot

    Homeowners Association Information

    Has Association: Yes
    Included Fees: Clubhouse, MaintenanceGrounds, MaintenanceStructure, Pools, RecreationFacilities, Trash
    HOA: $4,930.00
    Association Amenities: Dock, PicnicArea, Storage
    Community Features: ConferenceMeetingRoom, Dock, Elevator, Park, Pool, StorageFacilities, Waterfront, CommunityPool

  • School Information

    Elementary School: Cherry Street Junior High School: Jinks Senior High School: Bay
  • Utility Information

    CableConnected, PhoneConnected
  • Location Information

    Direction: From Downtown Panama City, head east on E 3rd Street, which turns into Cherry Street. Continue straight, following Cherry Street as it curves left around the Massalina Bayou. 100 Cherry Street will be on your left, located just before the waterfront in the heart of the Cove neighborhood. Security Features: CarbonMonoxideDetectors,FireAlarm,SmokeDetectors
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/20/2026 @ 00:40

MLS: 784711 LISTED BY: The Gettings Group, Corcoran Reverie 850-231-5030 SOURCE: CPAR

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