$1,099,500
Panama City, FL 32404
MLS# 786497
Status: Under Contract - Taking Backups
6750 sqft
1 / 37
Property Description
Under Contract- Taking Backup offers! New Construction 5-Unit Townhome Investment Opportunity Near Tyndall Air Force Base Exceptional opportunity to purchase a newly constructed five-unit townhome building offering strong rental potential in a convenient Panama City location. Each individual townhome features 3 bedrooms, 2.5 bathrooms, approximately 1,300 square feet of heated and cooled living space, and an attached one-car garage, making these units highly attractive for long-term tenants or military housing demand. Each two-story unit welcomes you with a spacious entry featuring tall ceilings and a wide hallway that creates an impressive first impression. The main level offers an open-concept living, dining, and kitchen area with quartz countertops, stainless steel appliances, breakfast bar seating, and contemporary finishes. A half bathroom is conveniently located on the first floor for guests, and rear access leads to a covered patio space. Upstairs, the primary bedroom suite provides generous space with a walk-in closet featuring built-in shelving and a private ensuite bathroom showcasing custom tile work and an oversized shower. Two additional bedrooms, a full bathroom, and washer and dryer connections are also located on the second level for convenience. Community amenities include exterior maintenance and common area upkeep, supporting a low-maintenance ownership structure. Built with modern construction standards, these new construction homes may offer potential insurance and energy efficiency advantages compared to older housing stock. Buyers are encouraged to consult with insurance and utility providers for details. The property is conveniently located approximately 6.6 miles from Tyndall Air Force Base, 1.6 miles from Winn-Dixie, and 2.9 miles from Under the Oaks Park, with easy access to shopping, parks, and major roadways. Information is believed to be accurate but not guaranteed. Buyer to verify all measurements, features, and intended use.
Details
Maps
Contract Info
List Price/SqFt: 162.89
List Date: 2026-03-08
List Price: $1,099,500
Current Price: $1,099,500
Sub-Type: Multi-Family
Location
Sub Area: 0202 - Bay - Central SE
Community/Resort: None
Waterfront: No
Elementary School: Callaway
Middle School: Everitt
High School: Rutherford
Directions: From N Tyndall Pkwy, Head Sou on Us-98 E/N Tyndall Pkwy. Use left 2 lanes to turn left onto FL-22 E. Turn right onto N Berthe Ave. Townhomes located on the corner of Cherry St and Berthe Ave.
Area: 02 - Bay County - Central
Street #: 6720-6728
Street Name: Cherry
Street Suffix: Street
State: FL
Zip Code: 32404
County: Bay
Subdivision: [No Recorded Subdiv]
Parcel ID: 06829-000-000
Legal Description: CHERRY GROVE TOWNHOMES
General Property Info
List Class: Residential Income
Site Dimensions: Irregular
Acreage: 0
Immediate Occupancy: Yes
Construction Status: Construction Complete
# of Units: 5
SqFt - Office: 8507742832
SqFt Tot Bldg: 6750
Year Built: 2025
Listing Info, Tax and Legal
HOA Fee: Yes
HOA Amount: 125
HOA Frequency: Monthly
Remarks & Misc
Remarks: Under Contract- Taking Backup offers! New Construction 5-Unit Townhome Investment Opportunity Near Tyndall Air Force Base
Exceptional opportunity to purchase a newly constructed five-unit townhome building offering strong rental potential in a convenient Panama City location. Each individual townhome features 3 bedrooms, 2.5 bathrooms, approximately 1,300 square feet of heated and cooled living space, and an attached one-car garage, making these units highly attractive for long-term tenants or military housing demand.
Each two-story unit welcomes you with a spacious entry featuring tall ceilings and a wide hallway that creates an impressive first impression. The main level offers an open-concept living, dining, and kitchen area with quartz countertops, stainless steel appliances, breakfast bar seating, and contemporary finishes. A half bathroom is conveniently located on the first floor for guests, and rear access leads to a covered patio space.
Upstairs, the primary bedroom suite provides generous space with a walk-in closet featuring built-in shelving and a private ensuite bathroom showcasing custom tile work and an oversized shower. Two additional bedrooms, a full bathroom, and washer and dryer connections are also located on the second level for convenience.
Community amenities include exterior maintenance and common area upkeep, supporting a low-maintenance ownership structure. Built with modern construction standards, these new construction homes may offer potential insurance and energy efficiency advantages compared to older housing stock. Buyers are encouraged to consult with insurance and utility providers for details.
The property is conveniently located approximately 6.6 miles from Tyndall Air Force Base, 1.6 miles from Winn-Dixie, and 2.9 miles from Under the Oaks Park, with easy access to shopping, parks, and major roadways.
Information is believed to be accurate but not guaranteed. Buyer to verify all measurements, features, and intended use.
Energy
AC - Central Elect: 1
Heat - Central Electric: 1
Association Fees Include
Ground Keeping: 1
Repairs/Maintenance: 1
Financing
Cash: 1
Conventional: 1
Utilities
Electricity - Connected: 1
Public Sewer - Connected: 1
Water Connected: 1
Floors in Unit/Home
Two: 1
Heating/Cooling
AC - Central: 1
Heat - Central Electric: 1
Multi-Family
# of Units: 5
Status Change Info
Status: Under Contract - Taking Backups
Under Contract Date: 2026-04-25
Property Features
Energy: AC - Central Elect; Heat - Central Electric
Financing: Cash; Conventional
Utilities: Electricity - Connected; Public Sewer - Connected; Water Connected
Listing Office: ERA Neubauer Real Estate Inc
Last Updated: July - 13 - 2026
Information deemed reliable but not guaranteed.